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The Jacksonville-based REIT reports that Martin E. “Hap” Stein, Jr. will transition from chairman and CEO to executive chairman, effective Jan. 1, 2020. He has served as the company’s CEO for more than a quarter century.
Investors will read this guidance and understand that it is applicable to the QOF level, further supporting why start-up companies and investors should not invest or seek investment at the QOF level.
MetroGroup Realty Finance recently provided financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas.
After revealing closing $140 million ground leases underlying office buildings in New York, NY and Austin, TX, the firm releases newly signed contracts in New York.