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OZs may be better than 1031 exchanges as they eliminate the capital gain in full, while exchanges only defer the gain, by reducing the basis of the new property.
As Fidelity completes its acquisition of Stewart Title, the lack of competition in this growing multibillion dollar real estate industry seems increasingly impractical and speaks to an industry that is in need of expansion.
The economics are in favor of the small-box retailer, having to spend less on your lease rate means you can spend more on marketing, inventory management, customer management and of course less staffing.