Gould Investors Enters Into a Contract to Sell a Property
Gould Investors L.P. (OTC PINK:GDVTZ) has announced entering into a contract to sell a long-held property to a non-affiliated entity for approximately $101 million. The transaction is expected to complete by April 2027, potentially generating a net accounting capital gain of about $86 million. The company plans to use the proceeds to purchase other properties, leveraging tax-deferral provisions under Section 1031 of the Internal Revenue Code.
The purchaser has deposited roughly 6% ($6.2 million) of the purchase price. If the buyer defaults, they will forfeit this deposit, and neither party will have further obligations. However, the company cautions that there's no guarantee the transaction will be completed.
Gould Investors L.P. (OTC PINK:GDVTZ) ha annunciato di aver stipulato un contratto per vendere una proprietà detenuta da lungo tempo a un'entità non affiliata per un importo di circa $101 milioni. Si prevede che la transazione si completi entro aprile 2027, generando potenzialmente un guadagno di capitale contabile netto di circa $86 milioni. L'azienda intende utilizzare il ricavato per acquistare altre proprietà, sfruttando le disposizioni di differimento fiscale ai sensi della Sezione 1031 del Codice Fiscale.
Il compratore ha depositato circa il 6% ($6,2 milioni) del prezzo di acquisto. Se l'acquirente non adempie, perderà questo deposito e nessuna delle parti avrà ulteriori obbligazioni. Tuttavia, l'azienda avverte che non c'è garanzia che la transazione venga completata.
Gould Investors L.P. (OTC PINK:GDVTZ) ha anunciado que ha firmado un contrato para vender una propiedad mantenida durante mucho tiempo a una entidad no afiliada por aproximadamente $101 millones. Se espera que la transacción se complete para abril de 2027, generando potencialmente una ganancia de capital contable neta de alrededor de $86 millones. La empresa planea utilizar los ingresos para comprar otras propiedades, aprovechando las disposiciones de diferimiento fiscal según la Sección 1031 del Código de Rentas Internas.
El comprador ha depositado aproximadamente el 6% ($6.2 millones) del precio de compra. Si el comprador incumple, perderá este depósito y ninguna de las partes tendrá más obligaciones. Sin embargo, la empresa advierte que no hay ninguna garantía de que la transacción se complete.
Gould Investors L.P. (OTC PINK:GDVTZ)는 약 $101 백만에 비회원 기업에 장기 보유한 부동산을 매각하기 위한 계약을 체결했다고 발표했습니다. 거래는 2027년 4월까지 완료될 것으로 예상되며, 약 $86 백만의 순 회계 자본 이익을 생성할 가능성이 있습니다. 이 회사는 그 수익을 사용하여 다른 부동산을 구입할 계획이며, 내국세법 제1031조의 세금 연기 조항을 활용할 예정입니다.
구매자는 구매 가격의 약 6% ($6.2 백만)를 예치했습니다. 구매자가 계약을 이행하지 않으면 이 예금을 잃게 되며, 양 당사자는 추가 의무가 없게 됩니다. 그러나 회사는 거래가 완료되리라는 보장은 없다고 경고하고 있습니다.
Gould Investors L.P. (OTC PINK:GDVTZ) a annoncé avoir signé un contrat pour vendre une propriété détenue de longue date à une entité non affiliée pour environ $101 millions. La transaction devrait être finalisée d'ici avril 2027, générant potentiellement un gain en capital net comptable d'environ $86 millions. L'entreprise prévoit d'utiliser les bénéfices pour acheter d'autres propriétés, en tirant parti des dispositions de report fiscal en vertu de l'article 1031 du Code des impôts américain.
L'acheteur a déposé environ 6% ($6,2 millions) du prix d'achat. Si l'acheteur ne respecte pas ses engagements, il perdra cet acompte, et aucune des parties n'aura d'autres obligations. Cependant, l'entreprise avertit qu'il n'y a aucune garantie que la transaction soit finalisée.
Gould Investors L.P. (OTC PINK:GDVTZ) hat bekannt gegeben, einen Vertrag über den Verkauf einer lang gehaltenen Immobilie an eine nicht verbundene Partei zu einem Betrag von etwa $101 Millionen abgeschlossen zu haben. Die Transaktion soll bis April 2027 abgeschlossen werden und könnte einen Nettogewinn aus dem Rechnungswesen von etwa $86 Millionen generieren. Das Unternehmen plant, die Einnahmen zu verwenden, um andere Immobilien zu kaufen und dabei steuerliche Stundungsbestimmungen gemäß Abschnitt 1031 des Internal Revenue Code zu nutzen.
Der Käufer hat etwa 6% ($6,2 Millionen) des Kaufpreises hinterlegt. Wenn der Käufer seine Verpflichtungen nicht erfüllt, verfällt diese Anzahlung, und keine der Parteien hat weitere Verpflichtungen. Das Unternehmen warnt jedoch, dass es keine Garantie dafür gibt, dass die Transaktion abgeschlossen wird.
- Potential sale of property for $101 million
- Estimated net accounting capital gain of $86 million
- Plans to reinvest proceeds in other properties using tax-deferral provisions
- $6.2 million non-refundable deposit received from buyer
- Transaction completion not guaranteed until April 2027
- Risk of buyer default and transaction falling through
GREAT NECK, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Gould Investors L.P. (OTC PINK:GDVTZ), announced that it entered into a contract to sell a property it owned for many years to a non-affiliated entity for a sales price of approximately
Forward Looking Statement:
This press release contains forward looking statements. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words “may,” “will,” “could,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or variations thereof and include, without limitation, statements regarding our estimates of the gain from sales of this property and the use of proceeds from such property sales. Factors that could cause actual outcomes or other events to differ materially from any such forward looking statements include the possibility that the Company may not complete the sale, that the projected gain from the sale may be less than expected, and the Company’s inability to effectuate purchases of properties pursuant to the tax-deferral provisions of IRC Section 1031. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could materially affect actual results, performance or achievements.
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 Investors
Investor Relations
Phone: (516) 466-3100
Attn: Isaac Kalish
FAQ
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