Kevin M. Levine, EVP of Peak 1031 Exchange Inc. Announces Record First Quarter in Completed Transactions Involving Multifamily and Commercial Properties
Woodland Hills, CA (PRWEB) April 29, 2015 -- “Investors are finding safe harbor in the 1031 exchange process as a means to defer capital gains taxes,” states Kevin M. Levine, Executive Vice President of Peak 1031 Exchange Inc. (http://www.peakexchange.com), a leading national provider of tax-deferred 1031 exchange services. “As economic conditions continue to favor commercial real estate investors, we have experienced a two-year high in a variety of like-kind exchange options to offset potential capital tax liabilities that eventually erode returns.”
“Fundamentals driving the commercial real estate sector continue to outperform previous quarters, and as a result, more investors are looking for ways to manage the growing pains associated with strong returns,” states Levine in reference to increased tax liability associated with gains from the sale of commercial real estate properties in the Southern California market. Levine cites a recent 2015 report from Deloitte Center for Financial Services reporting lower cap and vacancy rates in both multifamily and office asset types as factors pointing to a strong market, along with a dramatic decrease in days on market indicating robust activity. The data suggests that investors have become more aggressive in pursuing acquisition strategies, a trend that has the momentum to continue through the rest of 2015. “We’re finding that our clientele are in the investment game for the long haul and are constantly on the lookout for new opportunities. For this type of investor, it’s crucial that a tax-deferral strategy be in place for the long term. The 1031 exchange equips investors with the confidence they need to pursue new deals knowing that potential tax liability issues can be mitigated.”
Levine is encouraged not only by the strong returns demonstrated by the commercial real estate sector, but also by the amount of business generated by an extremely loyal client base contributing to increased transaction volume. The volume of transactions processed by Levine’s team has doubled over the past two quarters, and the unit is looking into further expansion. “The past cycle proved brutal for all areas of housing, both residential and commercial. We’re fortunate that many of our clients survived the volatility of previously unprofitable quarters, and have now found success by leveraging the liquidity of the current market.”
Peak 1031 Exchange, Inc. (http://www.peakexchange.com) is one of the entities in the Peak Corporate Network, headquartered in Woodland Hills, California. In addition to 1031 Exchange services, the Peak Corporate Network group of companies provide loss mitigation and workout services, residential and commercial real estate brokerage services, escrow services, real estate financing, short sale services, insurance services, foreclosure services and loan servicing. For more information, visit http://www.peakcorp.com.
The Peak Corporate Network (http://www.peakcorp.com) is a brand that represents a group of related separate legal entities, each providing its unique set of real estate services.
Wendell Grayson, Peak Corporate Network, http://www.peakcorp.com, +1 (818) 466-6427, [email protected]
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