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Colliers Steers Tax-Efficient Disposition of Multifamily Portfolio

Colliers arranged a five-property apartment portfolio sale for longtime client Rio Properties, closing separate transactions valued at approximately $30 million in total. The assets are situated across the Venice, Oakland, Los Angeles and Marina Del Rey markets.

The client sought a tax-efficient retirement strategy. The result was an exchange of three properties into tax-sheltered multifamily funds and the transition of two properties into REITs, taking full advantage of their respective tax benefits.

This approach squared with the client’s desire to retire without incurring substantial tax liabilities and brought about additional benefits. By opting for multifamily contribution funds and REITs, the client minimized tax obligations and eliminated the hassles associated with property management.

“These transactions exemplify Colliers’ commitment to providing strategic solutions that go beyond conventional approaches,” said senior EVP Kitty Wallace.

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Colliers' Wallace

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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