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Torreon Group Launches ABOA Real Estate Division with Strategic Property Acquisitions in Colorado, Arizona, and Florida
Globenewswire· 2026-02-12 14:27
Core Insights - Torreon Group, Inc. has launched a new division, ABOA Real Estate, aimed at generating recurring rental income through strategic property acquisitions in high-growth markets across the U.S. [1][3] Group 1: Acquisitions and Strategy - ABOA Real Estate has completed two significant acquisitions, including a $1.7 million single-family home in Castle Rock, Colorado, and a $240,000 home in Sahuarita, Arizona, targeting high-end and immediate rental markets respectively [2][3][4] - The division employs various acquisition strategies such as seller financing, traditional financing, 1031 tax-deferred exchanges, and equity swaps to enhance capital efficiency and tax advantages [4] Group 2: Future Plans and Market Focus - ABOA Real Estate is currently evaluating four additional properties, including a condominium in North Palm Beach, Florida, priced at $800,000, and three properties in Palatine Estates, Oregon, which are undergoing rehabilitation [5][10] - The new income property strategy is designed to complement Torreon's ongoing residential development projects, including a recent $1.65 million sale of prototype townhomes in Santa Rita Villas [5]