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Thursday, September 21, 2017 9:03:07 PM
Note 9: Investment in Subsidiaries Since the Effective Date, the Trust had five (5) dormant subsidiaries without any active business operations. The subsidiaries adopted a plan of liquidation in October 2012. The assets held by these subsidiaries were comprised solely of cash and cash equivalents. On June 23, 2017, four of the subsidiaries were merged with and into the last remaining subsidiary, WaMu 1031 Exchange. Prior to such mergers, such subsidiaries distributed their remaining cash to the Trust. The Trust received $444,333 on June 27, 2017. The last subsidiary, which no longer has any assets, is expected to be dissolved by December 31, 2017.
From 78 to 93 million available. Piers only owed 49 million - Why no payoff? Maybe left impaired!
http://www.wmitrust.com/wmitrust/document/8817600170728000000000001
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=9262133
Consumer Finance
Company Overview of WaMu 1031 Exchange, Inc.
Snapshot
People
Company Overview
WaMu 1031 Exchange, Inc. operates as an exchange intermediary for 1031 tax-deferred exchanges in the United States. Its services include preparation of exchange agreements and other necessary documentation, management and disbursement of exchange funds, coordination of the exchange with settlement providers, and general exchange assistance to exchangers and their advisors. WaMu 1031 Exchange was formerly known as Lawyers Asset Management, Inc. The company was founded in 1977 and is headquartered in Manhattan Beach, California. WaMu 1031 Exchange, Inc. operates as a subsidiary of Washington Mutual, Inc.
3601 North Aviation Boulevard
Suite 1000
Manhattan Beach, CA 90266
United States
Founded in 1977
Key Executives For WaMu 1031 Exchange, Inc.
WaMu 1031 Exchange, Inc. does not have any Key Executives recorded.
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