Calibrate Real Estate is proud to announce the sale of a NNN-leased property in Cheyenne Wells, Colorado. This property has a single tenant under a commercial lease with a 6.22% CAP rate for a high return rate and zero management responsibility for the Owner.
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3 Potential Tax Law Changes that Would Affect Investors. 1. Raising capital gains 2. Elimination of substantial reduction of tax-free estate transfer upon death; and 3. Elimination of the 1031 tax deferred exchanges
Meanwhile, apartment owners face their own crises. The mom-and-pop landlords who rent out older and often more affordable small complexes were less likely to receive federal aid in the form of forbearance for federally-backed mortgages. And only about one-third of smaller property owners have federal loans, said Bob Pinnegar, President and CEO of the National Apartment Association.
Denver Commercial Monthly Recap: At the end of last week, the Denver residents fighting to preserve the Carmen Court complex, at 900 E. 1st Ave., agreed to withdraw their application asking the city to designate the structure a landmark.
Denver Commercial Monthly Recap: The CDC’s order notably didn’t include financial help for landlords, forcing many to consider selling their properties as rents go unpaid. This could ultimately cause an even greater loss of affordable housing.
Denver Commercial Monthly Recap: Not only are rents not climbing, they went down for all but one floor plan type. There were decreases in all categories, except for two-bedroom, one-bathroom units.
Denver Commercial Monthly Recap: Rents also decreased during the quarter – by $17 – taking back last quarter’s gain to arrive at $1,512, or $1.74 per square foot. This figure is equal to the rate one year ago, therefore annual rental rate growth slowed to 0%, down from 4.2% last quarter.
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In the last year, Jim Casey helped his clients sell three apartment buildings and trade their management headaches in for a convenient NNN leased property and successfully defer capital gains taxes through 1031 Exchanges.