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.