In the fast-paced world of real estate transactions, MMG showcased their expertise by orchestrating a remarkable deal for a client engaged in a Reverse 1031. The challenge? Closing the Class A down leg within a stringent four-month timeframe. Here’s how MMG’s strategic approach delivered results that exceeded expectations.
The Seller, a seasoned publicly traded REIT with over two decades of ownership, sought a rapid and efficient process. MMG launched the deal by collecting an impressive 32 initial offers a mere 17 days after the project kicked off. Speed and precision were paramount, considering the urgency of the Reverse 1031 and the looming end-of-year holidays.
With the clock ticking, MMG’s team worked diligently, generating a staggering 200+ Confidentiality Agreements (CAs) and orchestrating 20+ property tours. The efficiency of the process was evident as a Buyer was selected and engaged within a mere 30 days from the launch.
LOCATION
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Closing the Class A down leg within a stringent four-month timeframe
A seasoned publicly traded REIT with over two decades of ownership, sought a rapid and efficient process, considering the urgency of the Reverse 1031 and the looming end-of-year holidays.
MMG worked to attract a diverse group of potential Buyers, allowing us to run a smooth and efficient process, with a Buyer was selected and engaged within a mere 30 days from the launch.
A key element of MMG’s strategy was the ability to attract bids from a diverse pool of potential buyers. An impressive 84% of the best and final offers came from groups without prior ownership in the market. Remarkably, 92% of these offers originated from out-of-market capital, showcasing MMG’s unique capability to bring in external investors.
Our client’s success story demonstrates our commitment to ensuring clients can complete complex deals swiftly without leaving any potential proceeds on the table. When you partner with MMG, you’re not just closing deals; you’re unlocking opportunities and embracing a strategic edge. Discover the MMG difference – where strategy ensures swift success.
