Local Firm Pioneers Innovative Approach to Real Estate Investing

Hollywood, FL (PRWEB) July 3, 2007 -- Costa Financial's new program assists 1031 Exchange investors in acquiring over $20 million of commercial real estate as the demand for Tenant In Common (TIC) investments soar throughout Florida.

The Concept: TICs (http://www.1031alternatives.net/1031-Exchange-Investments/tenants-in-common.html) permit small to midsize investors the ability to own a direct, fractional interest of a professionally managed, institutional quality real estate investment. TICs primarily serve as replacement property for 1031 tax deferred exchanges but have also been utilized by direct real estate investors. Generally, TIC investments are properties that most investors could not otherwise afford to purchase on their own.

Recent Development: The strategy was pioneered in Southern California in 2002 when the IRS issued guidance for Tenants In Common to qualify as replacement property for 1031 tax-deferred exchanges. In 2006, the industry raised over $3.6 billion in investor equity totaling approximately $9 billion in total property acquisitions.

Local Attention: The publicized growth of 1031 exchanges (http://www.1031alternatives.net/) and TIC investments has mainly been attributed to the Baby Boomer generation that have funneled billions of tax-deferred real estate dollars into TICs over the past decade. These Boomers have a common goal in mind; retiring with the ability to (1) preserve the capital they worked their lives for, (2) receive current income with future growth potential and (3) do away with stress and burdens that come along with owning and managing investment real estate.

Costa Financial is a leading financial services firm based in South Florida. Costa Financial has been helping investors achieve their investment goals for over 12 years and currently manages approximately $100 million in investor funds. The 1031 Exchange Alternatives Group was developed to address the growing population of real estate investors seeking to consolidate their holdings while attempting to preserve their hard earned gains. Guiding investors through section 1031 of the IRS tax code, Costa Financial Securities has been successful in assisting in the acquisition of over $20 million in TIC investment transactions on behalf of Florida Real Estate investors.

Please direct inquires and information requests to Jeff Johnston or Grant Conness - 866-405-1031.

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