Boston, MA 05/19/2014 (wallstreetpr) – The Home Depot, Inc. (NYSE:HD) is a leading American home construction and improvement services and products retailer and known for offering the second to none services to all the users. Recently news came out that one of the lands under the HD has got a buyer who has paid $7.2 million.
Details of the news:
This land is said to be one of the most beneficial lands to be bought. The exact address of the land is 475 S. Schmale Road. Investor Farhad Nikanjam is a high end investor and known for acquiring lands in distinct localities countrywide. This acquisition was part of a transaction named 1031 exchanges.
What is this transaction all about:
This transaction is one of those 1031 exchange proceedings which further allow all the investors to take advantage of CGT or capital gain tax if they invest a complete amount in the acquisition of another land within a pre-specified period.
The Home Depot, Inc. (NYSE:HD) is one of the largest home construction and improvements retailer of the USA. The major achievements of this company are in the areas such as home for veterans and eventuating various needs of theirs. For this purpose, hundreds of volunteers are working day in day out so that the services of this company can be increased to the next level.
Recently the company had performed quite well in terms of quarterly revenues and profit figures. Despite the bad market conditions, The Home Depot, Inc. (NYSE:HD) managed to perform more than the average. As a real estate market conditions in USA are getting better day by day, so all the investors can expect this company to perform better. There had been a slight growth in the revenues and EPS, and these figures are going to touch newer heights in the coming months. For more information, all the investors and stakeholders will have to wait for some more time.