Edge 1031

Edge 1031

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 eight Edge condos and one townhome, creating a diversified new-construction portfolio with nine total units. The original bulk closing brought eight condos into the exchange, and when additional 1031 funds became available, we went back for one townhome. 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: Eight condos and one townhome
• Acreage: 0.15 acres total
• Total Units: 9
• Sale Value Influenced: $2,660,000
• Closing Date: July 31, 2026
• Investor: Undisclosed