Versant Completes $64,000,000 Recapitalization of Britannia Business Center I in Pleasanton CA

Assists tenant-in-common owners with new financing, partial purchase of investor equity and IRC Section 721 rollup

SAN DIEGO, Dec. 21, 2015 /PRNewswire/ -- Versant Commercial Brokerage Inc. announced today that it has successfully recapitalized Britannia Business Center I located in Pleasanton, California. Versant assisted the tenant-in-common investors by originating new debt financing, bringing in new equity to stabilize the property, purchasing the TIC interests of those who needed to exit the investment, and utilizing Internal Revenue Code Section 721 to roll up the TIC structure into an LLC on a tax-deferred basis.
Read full article: http://finance.yahoo.com/news/versant-completes-64-000-000-134000987.html