Edge Condos & Townhomes 1031 Exchange

Edge Condos & Townhomes 1031 Exchange

From an Underperforming California Asset to Cash-Flowing New Construction

Closed July 31, 2026, this project helped an investor transition an underperforming California asset held in an estate trust into cash-flowing real estate through a 1031 exchange.

The investor acquired six Edge condos and three townhomes, creating a diversified new-construction portfolio with nine total units. The original bulk closing brought the first five condos into the exchange, and when additional 1031 funds became available, we went back for one more condo. Because of the bulk cash purchase and Absolute Foresight's relationships within the company, we helped negotiate a bulk cash discount for the investor.

Project Highlights

• 1031 Exchange: Repositioned an underperforming California asset into cash-flowing real estate
• New Construction: Six condos and three townhomes
• Acreage: 0.15 acres total
• Total Units: 9
• Sale Value Influenced: $2,660,000
• Closing Date: July 31, 2026
• Investor: Undisclosed