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FIRST GUARDIAN GROUP ANNOUNCES $10M SALE OF TIC OWNED PROPERTY Four Property Portfolio of Retail Centers in Texas and Oklahoma

San Jose, CA October 5, 2015. First Guardian Group (FGG) is pleased to announce the successful close of escrow of Four Corners Portfolio which is comprised of four (4) retail centers in the Mid-West (Texas/Oklahoma).  The portfolio of properties was encumbered by a CMBS loan that was set to expire in late Q3 2015.  FGG was able to work with the TIC group, title/escrow group, and partnered with 3rd party broker Marcus Millichap to market the portfolio and conclude the sale.  The sale process was not without hurdles as TIC owners who located outside of the U.S. without informing the sponsor created last minute delays. As the sale concluded, FGG assisted many owners to locate suitable 1031 Exchange rollover options of their proceeds to further defer owed taxes.

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