While there is a lot of concern about the effects of the Biden tax policies on commercial real estate, Jason Salmon, senior vice president and managing director of real estate analytics for Kay Properties & Investments, hasn't seen that manifested into action yet.
Salmon says his clients are still actively transacting, despite the smoke around tax law changes. Even though capital gains tax may go up, investment properties still provide investors with diversification income and appreciation.
" If they're doing a 1031, they're very well doing 1030's every single day," Salmon says. "If they're doing 1031's, they're doing 1031's. If they're not, and they're buying into a fractional real estate deal with non-1031 funds, they're doing that too. For us, it's frankly business as usual."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
