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Will 1031 Market Uptick Continue?

SAN DIEGO—Speakers at the ADISA Spring Symposium here expect increased demand for 1031 product with a wider variety of asset classes and geographic locations.

"For the last couple of years, we have seen an uptick in the 1031 market," said Garrett. “For the last couple of years, we have seen an uptick in the 1031 market,” said Garrett.

SAN DIEGO—“For the last couple of years, we have seen an uptick in the 1031 market. Last year, more than $1-billion of equity was raised with a total of 78 fully subscribed offerings,” said Mountain Dell Consulting’s Taylor Garrett, who recently spoke about the 1031 market at the ASIDA 2016 Spring Symposium conference here in San Diego. In 2009, $228 million of equity was raised in 2009 with 43 fully subscribed, he said.

Garrett pointed out to the nearly 700 attendees at the general session that there has also been a big dynamic shift in the office and apartment sector. In you look in 2007 and compare, about 19% was the total amount raised for apartment, but in 2015, it was 56%, he said. But office, in 2007, totaled 40% and in 2015, the amount raised for office was down to 9.76%. “We haven’t seen a lot of hospitality in this space this go around as well,” he said, with only about .06% in 2015—down from 8.71% in 2007.

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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