Royal Oak, Michigan — Vogel Advisors is pleased to announce the successful arranging and closing of a §1031 exchange portfolio acquisition assignment.
The firm’s client, a high-net-worth family office, engaged Vogel Advisors to assemble a portfolio of net leased properties to serve as replacement properties following a large sale transaction. Vogel Advisors scoured the market and presented a list of over 1,000 possible investments to the client.
Working together, the client and the Vogel Advisors team of Bill Vogel, Jason Um, and David Smith performed financial analysis and high-level due diligence to reduce the list of ideal investments to 35 properties. Purchase offers were submitted, and negotiations commenced. In the end, a nationwide portfolio of 18 net leased investment properties were acquired by the client in a same-day closing event.
All §1031 statutory timelines were adhered to throughout the transaction, and the portfolio met all investment targets established by the client.
About Vogel Advisors
Vogel Advisors is an independent commercial real estate brokerage providing strategic solutions for business owners and corporations. Since 2005, the firm has provided its clients with strategic, conflict-free, high-advocacy representation in sophisticated commercial real estate transactions. Services include tenant representation, lease renewals and modifications, purchase and sale brokerage, sale-leaseback advisory and §1031 exchange advisory.
Additional information is available at www.vogeladvisors.com and on the company’s LinkedIn and X (formerly Twitter) pages.