JLL Subsidiary Debuts 1031 Exchange Fund With Atlanta-Area BuyJune 25, 2020 – Media Mention
Greenberg Glusker partner, Skip Kessler, contributes insights into the appeal of 1031 exchange transactions in the article, "JLL Subsidiary Debuts 1031 Exchange Fund With Atlanta-Area Buy," published by Bisnow on June 25, 2020.
Funds like these are especially attractive to baby boomer investors, those who like a steady, predictable cash flow without having to pay capital gains tax or be bothered with the day-to-day management of the real estate, said Greenberg Glusker Fields Claman & Machtinger partner Warren “Skip” Kessler, a veteran real estate attorney who specializes in representing 1031 exchanges.
“I sit in these meetings and the investors, they only want to know if they're going to get their check every quarter, and if it's going to get better and better,” Kessler said. “[Investors] don't care if it’s the GM Building in New York or some rundown building in a small town.”
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