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1031 exchange transactions have surged in the last couple of years. As the tax plan overhaul was negotiated, some investors were concerned that 1031 exchange guidelines would change under the new plan. While 1031 exchange opportunities were eliminated for many asset classes, like wine and art, thankfully, real estate was left unchanged. As a result, 1031 exchange transaction volumes should continue to grow in the next year.

“For real estate, the ability to continue to do exchanges remains, and I think that will allow the momentum that exchanges have been driven to lately to continue,” Davin Carey, managing financial advisor at Carey & Hanna, tells GlobeSt.com. “We have seen a massive increase in volume the last several years from people that own traditional real estate and want to exchange into something different. We have been working on a lot of DST-focused real estate investment products, where it allows clients to still have a real estate-to-real estate-qualified transaction.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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