1031 Elimination Would Mean “Devastation to Everyone”

Rouse (second from left): “If a company winds up in Chapter 11, the first lease they’re going to affirm is their factory.”

NEW YORK CITY—Comparing the ramifications of the possible end of 1031 exchanges to spending all of eternity in hell, RealShare Net Lease keynote speaker G. Joseph Cosenza, vice chairman and president, The Inland Real Estate Group & Inland Real Estate Acquisitions, kicked off the conference on Wednesday in Midtown with a lively start.

Impassioned discussions continued throughout the day, with investors and brokers clearly taking a liking to the industrial sector, so much so that their definition of it was expanded from typical parameters. Creativity also was on tap when net lease players expressed great interest in the healthcare space while shifting their perception of the retail space.