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Net Lease Grapples With Potential Change Post-Pandemic and Post-Biden

The first panel discussion of the GlobeSt. Net Lease event wasted no time in addressing the Biden administration's threat to eliminate the 1031 exchanges.

(L-R) Gino Sabatini of W.P. Carey, Glen D. Kunofsky of Marcus & Millichap, and Gordon Whiting of Angelo Gordon at the Globe St. Net Lease event. (Photo: Richard Binder/ALM)

The first panel discussion of the GlobeSt. Net Lease event wasted no time in addressing the elephant (or, more accurately with Democratic control over the legislative and executive branch, the donkey) in the room: The potential elimination of the 1031 exchanges by the Biden administration.

“Right now it’s a lot of noise,” said moderator Jimmy Goodman of The Boulder Group. “Nobody knows what’s going to happen.” But he encouraged everyone in the room to contact their Congressional representatives. “It’s all we can do. Doing nothing will not help.”

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Richard Binder

Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.

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