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Owners Developers & Managers
Posted: November 29, 2019
Kanter and Kunofsky of Marcus & Millichap and Normandin of Summit complete deals totaling $75 million
Lexington, MA Frank Normandin of Summit Realty Partners, Inc. working in conjunction with Josh Kanter and Glen Kunofsky of Marcus & Millichap/NNN Pro Group, completed four separate tax-free exchanges totaling $75 million in acquisitions on behalf of a family trust.
The multifamily residential properties have been exchanged for 19 single tenant net leased diversified assets in nine U.S. states (VT, NH, CT, MD, VA, NC, GA, FL and AZ).
Tenants include Walmart Neighborhood Market; Dollar General; CVS Pharmacy; TD Bank; Sun Trust Bank; Hospital Corporation of America; DaVita Health Care; Wendy’s; Panera Bread; 7 Eleven; O’Reilly Auto Parts; and Planet Fitness.
Summit’s affiliate, Winslow Property Management will be the property manager for the portfolio.
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