1031-exchange volume driving record sales for Lake Oswego firm
1031 Capital Solutions, a financial services firm located in Lake Oswego outside Portland, Oregon, is pleased to announce that its 1031-exchange clients invested $8.1 million of exchange equity into $15.4 million of real estate in the month of July. This total comprises 25 separate investments in 18 portfolio properties across eight states.
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In recent years, many rental investors on the West Coast have experienced faster growth in property values than rents. This is particularly true for owners of single-family-resident rental homes, whose values are driven by demand from owner-occupiers. Rental-housing landlords are taking advantage of a seller’s market to relocate their equity into potentially higher-yielding locations.
“Oregon has been one of the leaders in the West Coast’s governmental war on mom-and-pop landlords,” said Managing Partner Richard Gann, “and in response, they are reinvesting in what they feel are greener pastures.” Top states for the firm’s 1031 replacement properties include Arizona, Colorado, Texas, Georgia and Florida.
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