properties

California: San Dimas Plaza Shopping Center

Gross Building Size: 195,151 sq. ft.

A sophisticated investment client with a low tax basis asked Seagate to evaluate its 20 million dollar shopping center in Southern California for creative alternatives to lessen its single market asset exposure. Seagate proposed and successfully structured a "down-REIT" with a publicly traded Real Estate Investment Trust, a stock for property swap that significantly diversified its portfolio, created liquidity and the ability to transfer shares internally, guaranteed a significant return for future years, all while deferring taxes to the future.

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