Calif. Firms Struggle To Find Exchange Properties Amid BoomAugust 10, 2016 – Media Mention
Bob Baradaran was quoted in an August 10, 2016, article by Law360 reporter Andrew McIntyre about the real estate boom in California (subs. req.) and the impact that boom is having on 1031 like-kind exchanges commonly used to avoid paying capital gains taxes on real estate sales. Pointing to the surge in prices in major metro real estate markets and the limited availability of new properties, investors are finding it challenging to find 1031 replacement properties and are looking at other avenues including tenant-in-common (“TICs”) and Delaware statutory trust structures. TICs and Delaware statutory trusts often comprise dozens of investors, and allow investors to buy pieces of properties as opposed to entire properties which can pose challenges in its own right.
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