REAL ESTATE ASSET MANAGEMENT AND FINANCE

In conjunction with its other business functions, Calgary also is involved in providing real estate business advisory and property management services as both an owner and operating manager. This also includes identifying and negotiating for and closing underlying commercial mortgage transactions.

Within this context, Calgary also structured an Internal Revenue Code Section 1031 Tax Deferred Exchange transaction in connection with real property. Among other components, this transaction utilized a construction loan, mortgage and the establishment of a new Limited Liability Corporation. The purpose of this transaction was to maximize the net proceeds available for reinvestment and to defer taxes.