The loan is secured by the fee-simple
interest in the 518,153 square feet (SF) of in-line space at the Mall at Millenia in Orlando, FL.
This is a great opportunity to obtain a fee-simple
interest in an asset with terrific and readily achievable expansion potential.
Beyond deferral of capital gains taxes and depreciation recovery, 1031 TIC exchanges offer ease of property ownership in the form of fee-simple
, deeded fractional interests in institutional, investment-quality real estate; a pro-rated share of cash flow, depreciation and appreciation; typically independent professional asset and property managers; established governance rules and voting procedures among property owners; and a simplified closing process.
Purchasers obtain a fee-simple
title to their home, thereby securing the benefits of home ownership for the preservation of an estate for future generations.
Shoreline buyers purchase their homes fee-simple
, or freehold.
RiverCamps' low-density home sites are sold fee-simple
and are surrounded by a large common area preserved for conservation.