The client had just sold a property that he was a user at and wanted the Crocker | McKean Team to find him a 1031 exchange up-leg.
The market was tight and the client was looking for something that wouldn’t need maintenance or repairs for a long time. He wanted a trophy asset that he could have pride of ownership in.
The team searched the market, gathered the properties that fit the client’s description, underwrote them and packaged them into a presentation. The client and team got together and discussed the pros and cons of each investment and decided that this was to be at the top of his list.
The client was able to close on the property with virtually zero hiccups in the process.