Replacement Property Resources

Replacement Property Resources for a 1031 exchange

At Accruit, we strive to make strong connections not only within the 1031 exchange space, but across the Real Estate industry. In doing so, we have developed relationships with various companies that offer Those certain items of real and/or personal property qualifying as “replacement property” within the meaning of Treasury Regulations Section 1.1031(k)‑1(a) and either: (a) received by the taxpayer within the designation period in accordance with Treasury Regulations Section 1.1031(k)‑1(c)(1) or (b) identified in a written designation notice signed by the taxpayer and hand delivered, mailed, telecopied or otherwise sent to the qualified intermediary before the end of the designation period in accordance with Treasury Regulations Sections 1.1031(k)‑1(b) and (c). The definition of “replacement property” shall not include property the identification of which has been revoked by the taxpayer in accordance with Treasury Regulations Section 1.1031(k)‑1(c)(6); (“New Asset”) Property or properties properly received by a taxpayer as part of a 1031 exchange. Replacement Property options and services, as well as other professional services.

We do not receive commission or any other form of compensation from the companies below; however, they may refer taxpayers in need of Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary services for a 1031 exchange to us.

Replacement Property Resources

The below companies specialize in various types of real estate investment options for Replacement Property. Their product offerings are noted below and should you want more information on their services you can reach out to their respective contacts. 

Delaware Statutory Trusts and Tenants In Common

Both Delaware Statutory Trusts and Tenants In Common are forms of fractional interest ownership in a property(ies) allowing an investor the opportunity for ownership in an investment grade property larger than they could invest in personally.

Fortitude Investments

Fortitude Investment Group offers professional assistance in identifying and closing on securitized real estate investments that meet your objectives and satisfy your Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange requirements.

Types of Investment Options: DSTs

Visit Fortitude Investment Group Website.

Contacts

Dan Raupp (NY Office)
(631) 474-1610 ext. 130
draupp@fortitudeinvestments.com

Jeffrey Proeh (Chicago Office)
(847) 602-5000
jproeh@fortitudeinvestments.com 

Realized®

Realized® helps you exchange 1031-eligible investment properties for portfolios of commercial real estate that are customized to your shifting income needs, risk appetite, and investment goals across generations. By creating portfolios of fractional interests in Delaware Statutory Trusts (DSTs), Realized makes it easy to diversify investments across real estate sectors, geographies, and Sponsors.

Types of Investment Options: DSTs

Visit the Realized® Website.

Contact

Clay Schmidt
(512) 827-3652
cschmidt@realized1031.com

Syndicated Equities

Syndicated Equities is a private real estate investment firm that provides its clients with nationwide access to institutional-quality real estate opportunities. Syndicated Equities works closely with investors completing Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s, they have provided over $750 million of credit tenant, net leased properties for investors as either replacement property or as a new equity investment.

Types of Investment Options: DSTs, Single/Multi-Tenant Retail, Single/Multi-Family, and Credit and Net Leased Properties

Visit the Syndicated Equities Website.

Contacts

Miranda Parker
(312) 642-2774
mparker@syneq.com

Tracy Treger
(312) 640-9023
ttreger@syneq.com

1031 Investment Real Estate

1031 Investment Real Estate is a 1031 replacement property solutions consultant utilizing the broadest Delaware Statutory Trust platform in the industry which allows them to structure highly optimized, diversified, and risk adjusted replacement property portfolio solutions tailored to meet client needs for preservation of capital, cash flow and appreciation.

Types of Investment Options: DSTs and Opportunity Zones

Visit 1031 Investment Real Estate Website.

Contact

Greg McEwin 
(435) 640.6542
greg@1031ire.com

Credit and Net Lease Properties

Credit and Net Lease properties entail a lease of usually 10+ years between the property owner and the tenant with a high credit rating, in which the tenant pays all fees associated with the property including real estate taxes, maintenance, insurance, etc.

Berkeley Capital

Berkeley is a 25 year old boutique investment sales firm focused on retail, single-tenant of all types and tax-deferred exchanges. They specialize in helping tax exchange investors secure safe income properties. According to Real Capital Analytics, Berkeley is ranked 8th nationally for multi and single tenant retail sales.

Types of Investment Options: Single/Multi-Tenant Retail, Credit and Net Leased Properties, Single-Tenant Medical (long-term leased)

Visit the Berkeley Capital Website.

Contact

Al Dickens
(704) 714-2368
dickens@berkeleycap.com 

Carl Brendes
(704) 714-2363
brendes@berkeleycap.com 

Top Hand Realty Advisors

Top Hand Realty focuses on advising agricultural and main street businesses on 1031 exchanges into high-quality commercial real estate that may provide long-term, stable income. They are CPAs, analysts and real estate brokers -- a combination that makes them uniquely qualified to help their clients.

Types of Investment Options: Single/Multi-Tenant Retail and Credit and Net Leased Properties

Visit the Top Hand Realty Website.

Contacts

Jack Sauther, CPA, Broker
(406) 586-0356
Jack@TopHandAdvisors.com

Diana Sauther
(406) 586-0356
Diana@TopHandAdvisors.com

 

 

Bear Wells Realty Investments

Bear Wells Realty Investments is a boutique-style investment real estate consulting firm specializing in properties with Federal Government agencies as tenants. The firm optimizes investment opportunities for a broad range of property owners through a full spectrum of services. The firm’s expertise lies in working with investors by guiding and educating them through the process of buying and selling real estate with tenants backed by the full faith and credit of the US treasury.

Types of Investment Options: Federal Government Tenanted Buildings & Credit Rated Single Tenants

Visit Bear Wells Website.

Contact

Karen Wells
(425) 681-5281
wells@bearwells.net

Single and Multi-Family Rental Properties

Single and Multi-Family properties wholly owned by the property owner, the The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange r, and intended to be utilized as short-term or long-term rentals.

For a vacation or second home to qualify for a Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange , the Revenue Procedure specifically provides that the property (a) must have been owned by the taxpayer for at least 24 months prior to the 1031 exchange, (b) during each 12 month period prior to the sale, the property must have been rented for a minimum of 14 days, and (c) the taxpayer’s use of the property must not exceed 14 days, or 10% of the time that it was rented, whichever is greater.

Doorvest

Doorvest helps you build wealth remotely by facilitating the purchase of a single-family rental and managing the property – making owning rentals as easy as owning a stock. Only in this case, you own the whole home! Doorvest is an end-to-end solution for real estate investing, done entirely online.

Types of Investment Options: Single-Family Rental Residence with Long-Term Rental Management

Visit the Doorvest Website.

Tamarack Resort

Tamarack Resort is an independent, all-season destination situated on 3,500 acres, located 90 miles north of Boise in Tamarack, Idaho. From on-site lodging, dining and event space to the full range of outdoor recreation in the Idaho mountains, there is adventure for any season. The winter brings 2,800 feet of vertical on 2,000 mountain acres for skiers and snowboarders, along with Nordic and snowshoe trails. During the summer, the resort is home to golf, mountain biking, ziplining, hiking, rafting and watersports on Lake Cascade.

Types of Investment Options: New Construction Properties (Single, Multi-Family, Vacant Lots), Resale Properties (Townhome, Single Family, Condos, Vacant Lots) 

Visit Tamarack Resort Website.

Contact

Dawn Beckman 
(208) 325-1621
dbeckman@tamarackidaho.com

Disclaimer: There are many other options available as well, and the presence of a firm on this list should not be interpreted as an endorsement, nor should the absence from this list be construed negatively. Accruit gets no commission or other compensation from them, although they do sometimes refer taxpayers to us who need a Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary for their exchange. Accruit makes no endorsement or representation of any kind regarding any of them or the services they render or whether their 1031 programs qualify for the purpose intended.