Latest news with #Section1031
Yahoo
a day ago
- Business
- Yahoo
Genesis Bank Announces Completion of Acquisition of Beverly Hills Headquartered Excel Bank, a Tradename of EH National Bank
– Beverly Hills location in the Rolex building at 9420 Wilshire Blvd. at Canon Dr. represents "Los Angeles Headquarters" and Temecula location at 27720 Jefferson Ave. along the 15/215 Freeway corridor represents "Inland Empire Headquarters," in addition to Genesis Bank's existing Orange County Headquarters at 4675 MacArthur Ct. across from the John Wayne Airport – ORANGE COUNTY, Calif., June 13, 2025--(BUSINESS WIRE)--Genesis Bank ("Genesis" or the "Bank") announced today that it has completed its acquisition of Excel Bank, a tradename of EH National Bank ("Excel"), effective as of June 13, 2025. Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank, stated, "We are excited to welcome the clients and employees of Excel Bank to Genesis Bank. Throughout our interactions over the past couple months, it's clear that Excel has built a strong and loyal client base – including small to mid-size businesses, commercial real estate investors, owners, and their operations, as well as fiduciary and specialty companies. As we are on track to complete the client conversion experience expeditiously, we look forward to deepening our relationships with Excel's existing and prospective clients by providing full access to our leading technology platform and comprehensive suite of commercial and treasury cash management products, services, and solutions. With our client outreach efforts well underway, the inherent synergies – across our Southern California footprint, complementary business lines, and client base – are actively being realized by our collective team of veteran bankers and positioning us for continued growth and scale." Mr. Gordon added, "I'd like to thank all the employees at Genesis and Excel, who have worked tirelessly to successfully reach this critical milestone. The high level of collaboration, execution, and efficiency, exemplifies our client centric focus, as we continue to pursue our strategic objectives, both organic and through acquisitions." About Genesis Bank Genesis Bank is a California state chartered commercial bank, organized by a group of highly experienced and successful bankers, investors, and business professionals. The Bank focuses on serving the financial needs of small to mid-sized businesses and owners, and investors in income-producing multifamily and commercial real estate located in the Bank's Target Markets of Los Angeles, Orange, Riverside and San Bernardino Counties, California. The Bank is built upon a combination of best-in-class technologies, which are tightly integrated to give clients a seamless, digital first, and transparent experience on par with money-center bank capabilities. The Bank's products, services, and solutions primarily include traditional commercial business, Small Business Administration (SBA), income property, and owner-occupied commercial real estate loan and deposit products, as well as treasury management, escrow, and Section 1031 exchange services and solutions. Genesis Bank is headquartered in Orange County, California, and can be found online at Genesis is an Equal Housing Lender and Member FDIC. Cautionary Statement This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the anticipated business plans, product offerings, service levels, and financial condition of Genesis Bank and Excel Bank, pro forma financial projections and expectations of future performance of Genesis Bank. The use of any of the words "achieve," "anticipate", "continue", "estimate", "expect", "benefits," "expands," "may", "will", "would", "project", "plans", "should", "believe" and similar expressions are intended to identify forward-looking statements. All statements included herein, other than statements of historical fact, involve various risks and uncertainties. Risks and uncertainties include, without limitation: the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Genesis Bank does business; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of this transaction; and the potential impact of general economic, political or market factors on the companies or the transaction and other factors that may affect future results of Genesis Bank. There can be no assurance that such statements or information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements or information. Genesis Bank does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements and does not accept responsibility for the adequacy or accuracy of this release. View source version on Contacts For more information, please contact: Will HanExecutive Vice President, Chief Financial Officer of Genesis BankE-mail: whan@ Phone: 949-273-1226
Business Wire
a day ago
- Business
- Business Wire
Genesis Bank Announces Completion of Acquisition of Beverly Hills Headquartered Excel Bank, a Tradename of EH National Bank
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Genesis Bank ('Genesis' or the 'Bank') announced today that it has completed its acquisition of Excel Bank, a tradename of EH National Bank ('Excel'), effective as of June 13, 2025. Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank, stated, 'We are excited to welcome the clients and employees of Excel Bank to Genesis Bank. Throughout our interactions over the past couple months, it's clear that Excel has built a strong and loyal client base – including small to mid-size businesses, commercial real estate investors, owners, and their operations, as well as fiduciary and specialty companies. As we are on track to complete the client conversion experience expeditiously, we look forward to deepening our relationships with Excel's existing and prospective clients by providing full access to our leading technology platform and comprehensive suite of commercial and treasury cash management products, services, and solutions. With our client outreach efforts well underway, the inherent synergies – across our Southern California footprint, complementary business lines, and client base – are actively being realized by our collective team of veteran bankers and positioning us for continued growth and scale.' Mr. Gordon added, 'I'd like to thank all the employees at Genesis and Excel, who have worked tirelessly to successfully reach this critical milestone. The high level of collaboration, execution, and efficiency, exemplifies our client centric focus, as we continue to pursue our strategic objectives, both organic and through acquisitions.' About Genesis Bank Genesis Bank is a California state chartered commercial bank, organized by a group of highly experienced and successful bankers, investors, and business professionals. The Bank focuses on serving the financial needs of small to mid-sized businesses and owners, and investors in income-producing multifamily and commercial real estate located in the Bank's Target Markets of Los Angeles, Orange, Riverside and San Bernardino Counties, California. The Bank is built upon a combination of best-in-class technologies, which are tightly integrated to give clients a seamless, digital first, and transparent experience on par with money-center bank capabilities. The Bank's products, services, and solutions primarily include traditional commercial business, Small Business Administration (SBA), income property, and owner-occupied commercial real estate loan and deposit products, as well as treasury management, escrow, and Section 1031 exchange services and solutions. Genesis Bank is headquartered in Orange County, California, and can be found online at Genesis is an Equal Housing Lender and Member FDIC. Cautionary Statement This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the anticipated business plans, product offerings, service levels, and financial condition of Genesis Bank and Excel Bank, pro forma financial projections and expectations of future performance of Genesis Bank. The use of any of the words 'achieve,' 'anticipate', 'continue', 'estimate', 'expect', 'benefits,' 'expands,' 'may', 'will', 'would', 'project', 'plans', 'should', 'believe' and similar expressions are intended to identify forward-looking statements. All statements included herein, other than statements of historical fact, involve various risks and uncertainties. Risks and uncertainties include, without limitation: the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Genesis Bank does business; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of this transaction; and the potential impact of general economic, political or market factors on the companies or the transaction and other factors that may affect future results of Genesis Bank. There can be no assurance that such statements or information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements or information. Genesis Bank does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements and does not accept responsibility for the adequacy or accuracy of this release.
Yahoo
22-05-2025
- Business
- Yahoo
ADISA's 2025 Market Prediction Survey Results Show Major Surge in Revenue from Alternative Investments & Shift to 506(c) Offerings
INDIANAPOLIS, May 22, 2025 /PRNewswire/ -- ADISA, the nation's largest trade association for the alternative investments industry, announced today the results of its 2025 market prediction survey. The association conducted the 2025 survey with the participation of more than 100 broker-dealers, registered investment advisory (RIA) firms and family offices ranging in size from 50 to over 1,000 advisors. "These results provide financial firms with valuable insights into how they compare to their peers, while sponsors gain a broader understanding of what broker-dealers, RIAs and family offices are projecting for the remainder of 2025," said ADISA Board Member and co-author of the survey Greg Mausz. Key findings from the survey indicate that: Financial firms have expanded their alternative investments options by quantity, sponsor and asset class. Overall, this gives financial professionals more choices in customizing alternative allocations to best suit their client investment objectives. Financial professionals continue to focus on investments that produce higher yields and those that provide tax advantages. 1031 exchanges are predicted to lead in year-over-year growth, which is in line with the potentially lower moves in interest rates. Oil and gas income funds are drawing increased interest as investors look to further diversify beyond real estate and private credit. All types of private equity are beginning to gain traction with retail investors, and this trend is anticipated to continue in 2025. Revenue generated from alternative investments at the responding firms dramatically increased in 2024, jumping more than 57% compared to 2023. 75% of firms anticipate increased overall revenue in 2025, including increasing revenue from alternative investments allocations. 87% of responding firms reported using the Rule 506(c) exemption. Pure RIA firms are more common in 2025 than in ADISA's 2019 market prediction survey, while hybrid BD-RIA firms remain the most prevalent. The majority of respondents were interested in ADISA covering cryptocurrency at future conferences. "Our 2025 market prediction survey results reflect a maturing alternative investments space where firms are embracing complexity, seen in the widespread adoption of Rule 506(c), increased allocation to traditional real estate programs and private credit while growing interest in digital assets and AI," said ADISA Executive Director John Harrison. "As these trends take hold, ADISA remains focused on delivering the education and resources our members need to make informed, forward-looking decisions in an increasingly sophisticated market." Compared to ADISA's 2019 survey, Section 1031 exchange offerings are now the most popular, pushing real estate-related Reg D funds to second place. These are followed by private equity Reg D funds (including venture capital) and private credit Reg D funds. While interval/tender funds, non-traded REITs, and opportunity zone funds had similar popularity levels on average in 2025, most became more popular than in 2019. Alternative investments continue their growth with RIAs and in fee-based accounts. Still, interval/tender funds, non-traded NAV REITs and business development companies are the most commonly allowed in fee-based platforms because of their liquidity and regular valuations. Meanwhile, private real estate, oil and gas, 1031 exchange offerings, and opportunity zone funds have not gained traction in fee-based accounts. Expanding beyond the traditional forward-looking purpose of the survey, results from a new section about current trends revealed that while the adoption of artificial intelligence (AI) by financial advisory firms remains in its early stages, its primary applications are concentrated in marketing, administration, and sales. Many firms report only occasional use of AI, underscoring the nascent phase of integration across the industry. Reflecting the strong interest in the topic, the session "Artificial Intelligence: A Super-Agent in the Workplace" was the highest-rated breakout session at ADISA's 2025 Spring Conference. Building on this momentum, ADISA plans to host a follow-up session during its 2025 Annual Conference & Trade Show in Las Vegas this fall. ABOUT ADISAThe Alternative & Direct Investment Securities Association is the nation's largest trade association representing the non‐traded alternative investment space. ADISA's members are typically involved in non-traded real estate investment trusts, business development companies, master limited partnerships and private and public funds (LPs/LLCs), 1031 exchange programs (DSTs/TICs), energy and oil and gas interests, equipment leasing programs, or other alternative and direct investment offerings. The association was founded in 2003 and has approximately 5,000 members who are key decision makers, representing more than 220,000 professionals throughout the nation – including sponsor members who have raised in excess of $200 billion in equity and serve more than 1 million investors. Contact: Jill SwartzSpotlight Marketing Communicationsjill@ View original content to download multimedia: SOURCE ADISA Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
ALTA Applauds House Passage of Tax Package
WASHINGTON, May 22, 2025 /PRNewswire/ -- American Land Title Association (ALTA) CEO Diane Tomb issued the following statement regarding the U.S. House of Representatives' passage of the One Big Beautiful Bill tax legislation. "We commend the House for passing legislation that recognizes the needs of American small businesses, including the thousands of title and settlement companies ALTA represents. The expanded deduction under Section 199A is a welcome step that supports the long-term health of our small business members and the communities they serve. ALTA is especially pleased to see the preservation of Section 1031 like-kind exchanges, which play a vital role in fueling real estate investment, promoting property improvements and driving local economic growth. Provisions supporting homeownership, including those related to mortgage interest and capital gains exclusions, help provide certainty for buyers, sellers and lenders alike—strengthening the entire housing ecosystem. We urge the Senate to build on this momentum and protect the real estate and housing incentives that help Americans build wealth, promote generational stability and drive our economy forward." About ALTAThe American Land Title Association, founded in 1907, is the national trade association representing more than 6,000 title insurance companies, title and settlement agents, independent abstracters, title searchers and real estate attorneys. Contact: Megan Hernandez Direct Office Line: 202-261-0315 Email: mhernandez@ View original content to download multimedia: SOURCE American Land Title Association Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Capital Square Founder Louis J. Rogers Authors Definitive Guide on Section 1031 Exchanges
New Book, "Section 1031 Exchanges: How to Swap Till Ya' Drop," Empowers Investors to Build Family Wealth While Minimizing Taxes RICHMOND, Va., May 20, 2025 /PRNewswire/ -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments, announces the release of a new book by its founder and co-chief executive officer, Louis J. Rogers, titled "Section 1031 Exchanges: How to Swap Till Ya' Drop, Building Family Wealth While Minimizing Taxes." Published by Davro Press, the book is now available through all major retailers, including Amazon, Barnes & Noble and Drawing on more than four decades of experience in real estate tax law and investment syndication, Rogers offers a comprehensive, accessible and often humorous guide to the most powerful tools in the Tax Code. "Section 1031 Exchanges" demystifies the mechanics of tax-deferred real estate transactions, making complex topics clear for real estate investors, financial professionals and tax-conscious individuals. Rogers breaks down intricate legal and financial structures into easy-to-understand concepts, making the book a must-read for anyone considering real estate as a wealth-building strategy. In the book, Rogers provides helpful analysis on a range of tax-advantaged real estate investments, including Delaware statutory trusts (DSTs) for tax deferral under Section 1031, opportunity zone funds for tax deferral and exclusion from the sale of any asset, real estate investment trusts (REITs) for stable income and growth, and UPREIT transactions for diversification and other real estate benefits. "This book is a guide to tax-advantaged real estate investment solutions because multi-generational legacies are built with knowledge," says Rogers. "Investor education changes lives." All proceeds will benefit the Children's Hospital of Richmond at VCU, because, as Rogers notes, "While building legacies is important, building the future of our youth, however possible, is essential." About the Book"Section 1031 Exchanges: How to Swap Till Ya' Drop, Building Family Wealth While Minimizing Taxes" is a master class in tax-advantaged real estate investment, written to illuminate the potential opportunities and simplify the sometimes overwhelming complexities. Louis J. Rogers is bullish on education, and the pairing of his deep knowledge and his lived experiences at the center of the evolving real estate investment industry for over forty years shapes a substantial resource for those working in or curious about wealth management, real estate, alternative investments and tax law. Topics covered in the 200+ page volume include: The history and rationale of Section 1031 Exchange rules, myths and safe harbors Delaware statutory trusts (DSTs) Strategies for estate planning and wealth preservation Qualified opportunity zones, REITs and UPREIT structures Praise for "Section 1031 Exchanges" "Louis J. Rogers and the Capital Square team are as good as they get. This book is well worth the investment of time for any real estate investor who wants to understand capital appreciation, tax minimization, and wealth creation." — Willy Walker, Chairman & CEO, Walker & Dunlop "Louis J. Rogers has been part of bringing [1031 exchanges] into modern real estate investing, and he describes this evolution in an easy-to-read style targeted for real estate investors ... a must read for anyone considering an exchange as part of their real estate investing activities." — Peter Linneman, Ph.D., from the foreword "Louis J. Rogers' Section 1031 Exchanges is to real estate investors what Robert Kiyosaki's Rich Dad Poor Dad is to personal finance enthusiasts ... both are essential reads for anyone serious about wealth-building." — Ann Marie Sabath, Author of The Wannabe Investor: 40 Must-Know Facts Before Buying Your First Stock About the AuthorLouis J. Rogers is the founder and co-chief executive officer of Capital Square, a national real estate investment firm specializing in tax-advantaged strategies. He began his legal career as a junior tax attorney at Hunton & Williams (now Hunton Andrews Kurth) before joining Hirschler Fleischer, where he served as a partner for nearly two decades. At Hirschler, Rogers founded and led the firm's real estate securities practice and helped syndicate what may have been the first securitized 1031 exchange program in the country — a foundational moment in the development of modern DST investing. He later became president of the nation's largest sponsor of securitized 1031 programs at the time. Rogers earned degrees from Northeastern University, Oxford University, and the University of Virginia School of Law, and has taught at William & Mary and the University of Virginia. For more information about "Section 1031 Exchanges: How to Swap Till Ya' Drop, Building Family Wealth While Minimizing Taxes," visit About Capital SquareCapital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Capital Square's mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm's property management division, now manages over 11,500 apartments across multiple states. Capital Square's related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for eight consecutive years. Learn more at Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: Testimonials may not be representative of the experience of other customers. Testimonials are no guarantee of future performance or success. Contact: Jill SwartzSpotlight Marketing Communications949-427-1389jill@ View original content to download multimedia: SOURCE Capital Square Sign in to access your portfolio
