Gould Investors Completes Section 1031 Transactions

Rhea-AI Summary

Gould Investors (OTC PINK: GDVTZ) completed a Section 1031 exchange after selling a Long Island City property and buying a multifamily asset.

On March 6, 2026 the company sold a Long Island City property for approximately $101 million, generating estimated net proceeds of ~$93 million and an estimated net accounting capital gain of ~$90 million. On March 10, 2026 the company purchased a 310-unit garden-style multifamily property in North Forsyth, Georgia, for $85 million using a significant portion of the proceeds in a transaction structured to comply with Section 1031 tax-deferral rules.

Positive

• Sale price approximately $101 million
• Net proceeds estimated at approximately $93 million
• Net accounting capital gain estimated at approximately $90 million
• Acquisition of a 310-unit garden-style multifamily property for $85 million
• Transaction structured as a Section 1031 exchange to defer tax on the gain

Negative

• Approximately $8 million of net proceeds remain after the $85 million purchase, limiting immediate liquidity
• Large realized accounting gain ($90 million) may attract future tax and reporting attention despite 1031 structure

GREAT NECK, N.Y., March 11, 2026 (GLOBE NEWSWIRE) -- Gould Investors L.P. (OTC PINK:GDVTZ), announced that on March 6, 2026, it completed the previously announced sale of a property located in Long Island City, New York, for a sales price of approximately $101 million. The Company estimates that the sale, after the repayment of the related mortgage and closing costs, generated net proceeds of approximately $93 million and a net accounting capital gain of approximately $90 million.

On March 10, 2026, the Company, in a transaction structured to comply with the tax-deferral provisions afforded by Section 1031 of the Internal Revenue Code, used a significant portion of the net proceeds from such sale to purchase a 310-unit garden-style multifamily property built in 2023 and located in North Forsyth, Georgia, for $85 million.

About Gould Investors L.P.

Gould Investors L.P. is a master limited partnership organized in Delaware which primarily owns and operates by itself and with joint venture partners, a diversified portfolio of real estate and other assets located throughout the United States. Further information about Gould Investors L.P. is available at www.gouldlp.com and https://www.otcmarkets.com/stock/GDVTZ/disclosure.

Contact:

Gould Investors
Investor Relations
Phone: (516) 466-3100
Attn: Isaac Kalish

FAQ

What property did Gould Investors (GDVTZ) sell on March 6, 2026 and for how much?

Gould Investors sold a Long Island City property for approximately $101 million. According to the company, the sale generated estimated net proceeds of ~$93 million after mortgage repayment and closing costs.

How did Gould Investors use the proceeds from the March 2026 Long Island City sale (GDVTZ)?

The company used a significant portion of the net proceeds to buy a new multifamily asset for $85 million. According to the company, the March 10, 2026 purchase was structured to comply with Section 1031 tax-deferral rules.

What are the financial outcomes reported by Gould Investors (GDVTZ) from the sale?

Gould Investors reported estimated net proceeds of ~$93 million and an estimated net accounting capital gain of ~$90 million. According to the company, these figures are after mortgage repayment and closing costs.

What did Gould Investors (GDVTZ) acquire on March 10, 2026 and where is it located?

The company acquired a 310-unit garden-style multifamily property located in North Forsyth, Georgia, for $85 million. According to the company, the property was built in 2023 and purchased as part of the 1031 exchange.

Does the March 2026 transaction for Gould Investors (GDVTZ) defer taxes on the sale proceeds?

Yes, the purchase was structured to comply with Section 1031 tax-deferral provisions. According to the company, the structure was used so a significant portion of the sale proceeds could be reinvested without immediate recognition of taxable gain.