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Phased Sale of a Florida Development Property

Representation of a retail owner and developer on the sale of a development property in Ft. Lauderdale, Florida. Sold in phases through a combination of master leases and purchase and sales contracts, the structure of the sale achieved the seller’s preferred schedule for executing a Section 1031 Exchange. In addition to advising the client on how to structure the sale to achieve the desired outcome, representation included drafting the purchase and sale agreements and master leases.