Family Owned Business

Challenge
A family owned business had negotiated the sale of significant real estate holdings in Florida. In light of the significant sale proceeds, the client wanted to evaluate income producing properties coupled with capital gains tax deferral strategies.

Solution
Allegro assisted the client in pursuing an Internal Revenue Code Section 1031 Tax Deferred Exchange. We assisted the client in determining the project strategy, establishing property search parameters, identifying a long list of investments across a national scope, evaluating the alternative properties, negotiating the acquisition of the preferred property, and managing the closing process including compliance with Section 1031 requirements. The client achieved its objectives with a triple net real estate investment located in Texas and investment returns exceeding expectations.