110 S SW Loop 323, Tyler , TX 75702

Philip Batlin and Sam Runco have represented this client on every step of his move out of apartments. The owner had held four apartment buildings on Grand Avenue in South San Francisco for more than 40 years and managed them personally. He was ready to step back, but he wanted to keep his money working and defer capital gains tax through a 1031 exchange. In 2016 Philip and Sam sold all four buildings, 32 units at 1059, 1065, 537 and 674 Grand, and found this net leased Walgreens in Tyler, Texas as the replacement. He collected income for nine years with no management or maintenance, and in 2025 he sold the Walgreens with Philip and Sam as well.

Thinking about a 1031 exchange out of an apartment building? See how Philip handles 1031 exchanges.

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