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July 5, 2005

By Michelle Napoli

The law firm WolfBlock Brach Eichler is representing the Solomon Organization in a $260-million 1031 exchange, believed to be one of the largest such tax-deferred exchanges in the region this year. Part forward exchange and part reverse exchange, the transaction involves Mountainside, NJ-based Solomon disposing of three multifamily properties in Pennsylvania and New Jersey and buying a portfolio of 12 apartment complexes.

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