Lexington, MA: November 7, 2019 – Frank Normandin of Summit Realty Partners, Inc. working in conjunction with Josh Kanter and Glen Kunofsky of Marcus Millichap / NNN Pro Group, has successfully completed four separate tax-free exchanges totaling more than $75MM in acquisitions on behalf of a family trust in 2019.

New York City multifamily residential has been exchanged for 19 single tenant net leased diversified assets in 9 US States (VT, NH, CT, MD, VA, NC, GA, FL and AZ).

Tenants include Walmart Neighborhood Market; Dollar General; CVS Pharmacy; TD Bank; Sun Trust Bank; Hospital Corporation of America; DaVita Health Care; Wendy’s; Panera Bread; 7 Eleven; O’Reilly Auto Parts; and Planet Fitness.

Summit’s affiliate, Winslow Property Management will be the property manager for the portfolio.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact Chris McMahon at 781.862.9700 / cjm@sumrp.com.  We look forward to hearing from you.