Business
Gould Investors Completes Section 1031 Transactions
Gould Investors Completes Section 1031 Transactions.
About this update from Gould Investors, L.p.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Gould Investors Completes Section 1031 Transactions\r\n \r\n \r\n\r\n\r\nGould Investors Completes Section 1031 Transactions\r\n\r\n\r\n\r\n\r\n\r\nGREAT NECK, N.Y., March 11, 2026 (GLOBE NEWSWIRE) -- Gould Investors L.P. (OTC PINK:GDVTZ), announced that on March 6, 2026, it completed the previously announced sale of a property located in Long Island City, New York, for a sales price of approximately $101 million. The Company estimates that the sale, after the repayment of the related mortgage and closing costs, generated net proceeds of approximately $93 million and a net accounting capital gain of approximately $90 million. On March 10, 2026, the Company, in a transaction structured to comply with the tax-deferral provisions afforded by Section 1031 of the Internal Revenue Code, used a significant portion of the net proceeds from such sale to purchase a 310-unit garden-style multifamily property built in 2023 and located in North Forsyth, Georgia, for $85 million. About Gould Investors L.P. Gould Investors L.P. is a master limited partnership organized in Delaware which primarily owns and operates by itself and with joint venture partners, a diversified portfolio of real estate and other assets located throughout the United States. Further information about Gould Investors L.P. is available at www.gouldlp.com and https://www.otcmarkets.com/stock/GDVTZ/disclosure. Contact: Gould InvestorsInvestor Relations Phone: (516) 466-3100Attn: Isaac Kalish https://www.globenewswire.com/newsroom/ti?nf=OTY3MDEwMiM3NDgwMTA0IzIyOTU0NTM= https://ml.globenewswire.com/media/ZWE2OTQzZDQtYjFmMy00YWVkLWI1ODUtYzQxZDg1YjIyNWQ5LTEzMDcwMDMtMjAyNi0wMy0xMS1lbg==/tiny/Gould-Investors-L-P-.png\r\nSource: Gould Investors L.P.\r\n\r\n © 2026 GlobeNewswire, Inc.\r\n \r\n","length":2858,"tagName":"div"}]