At Spinnaker, we set out to achieve two goals with our investor clients, to maximize their return and to alleviate headaches of ownership. One way that we have helped our clients is by repositioning portfolios of property, typically from multi-tenant residential apartment buildings into credit backed net leased (NNN) investment real estate, both locally and in emerging growth markets. Significant advantages to a tax deferred exchange: - Diversify property interests for estate planning purposes
- Replace non-income producing property with income producing property
- Replace time consuming management properties with more easily managed properties
- Exchange into property that can accommodate the taxpayer’s trade or business (e.g., taxpayer who owns an apartment complex can trade into manufacturing plant or other)
- Exchange fully depreciated property to obtain the benefit of a new depreciation schedule
- Relocation of taxpayer’s business
- Relocation of investment property to accomplish ease of management
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