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New majority shareholders Concord Pacific and HB Management will continue to drive platform's growth in U.S. multifamily investments, and add significant value through their combined expertise.
The buyer of Glen Bell Way was familiar with the Irvine Spectrum in Orange County, CA, and realized the building offered a rare and unique opportunity to acquire a Class A asset with strong credit tenancy.
In a recent Green Street report, sources say that "while prior administrations have suggested ending 1031 exchanges, chances are better now that it will happen."