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Press Release
ALL STATES 1031 FACILITATES 1031 EXCHANGES FOR BOTH THE SELLER AND BUYER OF 25 BLACKSTONE VALLEY PLACE, LINCOLN, RHODE ISLAND
PROVIDENCE, September 6, 2005 – A team of attorneys and exchange consultants from All States 1031 Exchange Facilitator, LLC advised and structured Howland Associates, Inc.'s $15 million dollar acquisition of 25 Blackstone Valley Place, Lincoln, Rhode Island from 25 Blackstone Valley Place Associates. All States 1031 was also retained by 25 Blackstone Valley Place Associates to handle its 1031 exchange of the subject property. A component of the acquisition of the property involving a reverse 1031 exchange was implemented by All States Reverse 1031 Exchange Facilitator, LLC through its wholly owned subsidiary, 25 Blackstone Valley Place, LLC.
All States 1031 Exchange Facilitator, LLC is a leading provider of Internal Revenue Code Section 1031 exchange consulting and Qualified Intermediary services. Its mission is to provide timely, accurate, and personal exchange services to its clients and their clients' professionals in order to assist them through the 1031 exchange process in a manner that develops mutual trust based upon All States 1031's experience and by maintaining the highest levels of security for their exchange funds.
All States extensive tax-saving programs for real estate and personal property include forward 1031 exchanges, safe harbor reverse exchanges under Revenue Procedure 2000-37, non-safe harbor reverse exchanges and construction exchanges. The clients of All States 1031 range from individual owners of multifamily housing to public and private companies owning large commercial properties. All States 1031 has closed billions of dollars in tax-deferred transactions.
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