November 27, 2007 CALKAIN COMPANIES GROWS BUYER BROKER PROGRAM PROGRAM STREAMLINES 1031 EXCHANGE TRANSACTIONS Reston, VA, - Calkain Companies, a national real estate investment brokerage firm, has recently been retained to act as an exclusive buyers’ representative for three individuals completing 1031 tax deferred exchanges. The aggregate volume will exceed $10million for the three individual transactions. Being engaged as an exclusive buyer’s representative has had tremendous value to those completing Internal Revenue Service (IRS) imposed exchanges to defer capital gains whenselling, and subsequently buying, an asset. Calkain Companies imposed their Buyer Broker program to give investors the resources to successfully complete their exchange. “When dealing with the strict parameters of a 1031 exchange, buyers are put in a position to make quick decisions on complex issues,” explained Jonathan Hipp, President and Chief Executive Officer of Calkain Companies. Hipp continued, “Giving us the fiduciary responsibility to work strictlyon behalf of a buyer allows us to streamline every facet of the transaction in order for a party tocomply with the IRS guidelines.” Calkain has successfully acted as an Exclusive Buyer’s Broker for many parties through its tenure, but formalizing the program has truly been beneficial to its existing and new clients. “In many cases, buyers feel that there are endless resources to help them find an exchange assetin today’s technologically motivated business environment. However, some investors fail to realize that finding an asset is only a part of the transaction. Performing comprehensive due diligence, negotiating the terms of the purchase, finding third-party professionals to help with surveys, environmental reports, and organizations that may act as qualified intermediaries, are all part of our program,” explained Joel Kahn, CCIM, Calkain’s Managing Director. By rule, the IRS gives an individual only 45 days to identify an exchange asset after the closing of their investment property. Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, office and hotel net leased transactions. Calkain has offices in Reston, VA (Washington, DC), Nashua, NH (Boston, MA), Tampa, FL, and McHenry, MD. Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: Joel Kahn | (603) 689.2030

 

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