SOURCE: Talon Real Estate Holding Corp.

Talon Real Estate Holding Corp.

July 10, 2014 07:45 ET

Talon Acquires $58 Million in Real Estate

Bringing Total Square Feet Under Ownership to Over 1 Million

ST. PAUL, MN--(Marketwired - Jul 10, 2014) - In the last thirty days Talon Real Estate Holding Corporation (OTCQB: TALR) in Minneapolis, Minnesota has made two real estate acquisitions totaling $58 Million and over 1 million in gross square feet. On May 29, 2014 Talon acquired the Minneapolis Mart in Minnetonka, MN for $18 Million. The building is currently 100% leased encompassing 227,000 square feet and strongly illustrates the cornerstone of their business plan to acquire stable assets with predictable cash flow as part of their real estate portfolio. On July 2, 2014 Talon Real Estate continued their acquisition momentum acquiring 180 5th Street East in St. Paul, Minnesota, a historic thirteen story office tower totaling 856,223 square feet located directly adjacent to the new LRT train system and Union Station. 180 5th Street East is 62% occupied and represents a great leverage opportunity as a value-add asset through strong property management and lease-up strategy.

Both acquisitions were accomplished utilizing a 721 Exchange tax deferral methodology or "UPREIT" providing several unique advantages over a 1031 exchange. This strategy is advantageous for real estate owners seeking to mitigate their immediate tax obligations, stay invested in real estate, diversify their holdings and defer their tax liability by accepting Talon operating partnership units. After 12 or 18 months, these real estate investors can convert these partnership units 1:1 for Talon common stock under the ticker "TALR" and their capital gains tax obligations are deferred until the common stock is ultimately sold in the public market.

Talon Real Estate Holding Corp. is an entrepreneurial and publicly traded real estate investment company that owns and manages select Industrial, Office and Retail properties throughout the central portion of the United States. Talon's Umbrella Partnership offers distinct tax deferred advantages to property sellers; whereas the owners contribute property to Talon in exchange for Partnership Units that convert to common stock. 

Contact Information

  • For further questions regarding these and other announcements, please contact
    Greg Pfleider
    Senior Vice President
    Talon Real Estate Holding