LOS ANGELES-Adviser Pegasus Investments tells GlobeSt.com that the structure helps the buyer continue a complex unwinding of an 11-property retail portfolio.
By Bob Howard|October 29, 2010 at 05:12 PM
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LOS ANGELES-Pegasus Investments, an investment advisory firm that operates from offices in Century City and Encino, has closed on a highly structured zero-cash-flow 1031 transaction that is the latest step in “an extremely detailed portfolio repositioning strategy” on behalf of Los Angeles-based Inglewood Family Corp. Inc. This is according to president Ken Chasin and executive vice president David Chasin of Pegasus. The closing of the transaction, in which Pegasus acted as the lead adviser in Inglewood Family’s acquisition of a CVS pharmacy in Prattville, AL, “helps the buyer continue a complex unwinding of an 11-property retail portfolio,” David Chasin says.
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