UPREITS: Tax Driven Conversions for Property Owners
One of the more under-discussed aspects of REITs are how they can benefit a seller of real estate. By contributing a property to a REIT you can achieve many of the same benefits associated with a §1031 exchange including deferral of gain recognition.
NEW YORK CITY—The acquisition more than doubles Jonathan Rose Cos.’ unit count to more than 15,000 apartments across 15 states and the District of Columbia.
CHICAGO—Colliers expects that e-commerce will continue to drive the market for years to come, and may even be in its infancy.
SAN MARCOS, CA—Pure power-center plays in a secondary location can be more challenging from a financing perspective unless a borrower has a clear strategy for repositioning the tenant base, HFF’s John Chun tells GlobeSt.com.
IRVINE, CA—The decline in dollar volume for hotel sales in 2016 is not really that significant since we were coming off a record-breaking year in 2015 and the decrease was anticipated, Atlas’s Alan Reay tells GlobeSt.com.