In times of increased risk and uncertainty, it’s smart for a business to put an even sharper focus on its core competencies. At Chicagoland 1031 Exchange, we put the protection of our client’s interests first rather than simply approving every replacement property offering available on the market. If you’re a new client sitting down with us to explore your exchange options, you can be sure that any property we’re showing you has been vetted on a number of different levels. We truly pride ourselves on the amount of due diligence that goes into choosing the Delaware Statutory Trusts (DSTs) that make it onto our platform.

This is the third part of a series on COVID-19. Read Part 1 and Part 2.

COVID-19 continues to bring uncertainty to commercial real estate and 1031 exchanges. Our assessment of risk within the sector is represented in this image.

This is the second part of a series on COVID-19. Read Part 1 here.

As is the case with all economic disruptions, the COVID-19 pandemic will likely vary in its impact on different types of commercial real estate. At times like these, it's important to remember that the impact of disruptions related to Delaware Statutory Trust (DST) depends on the impact to the asset that the DST is invested in. These difficult and uncertain economic times serve as a reminder as to why our firm and our broker dealer spend so much time and energy on property-level and sponsor due diligence.    

Real estate investors who are selling property using a 1031 exchange received some welcome news last week! The IRS has issued new guidance extending the 45-day and 180-day deadline requirements currently defined in IRC section 1031. 

The notice stipulates that anyone with a 45-day identification period or 180-day closing deadline that occurs between April 1st and July 14th will have their deadline extended until July 15th.

This is the first part of a series on COVID-19. 

The COVID–19 pandemic will long be remembered as an event that has forever changed many of the ways we live, socialize, work, and play. The novel coronavirus plays no favorites and is almost boundless in its ability to affect every part of our economy.

Good friends and clients have asked me about how I think the real estate industry will be impacted, first at a macro-level and then more specifically for the 1031 exchange industry and Delaware Statutory Trust investors.

$1.5 Trillion¹. That’s the amount of outstanding student debt being carried today in the U.S., and most of that burden rests on the shoulders of millennials. The impact this financial obligation has on their housing choices, including their ability to move from renter to homeowner, can’t be overstated.

The Delaware Statutory Trust, or DST, is a popular investment choice for real estate investors interested in deferring capital gains taxes on appreciated property by using a 1031 exchange. We created the eBook — Bringing Clarity to Your 1031 Exchange — to help potential investors better understand the benefits and risks associated with DSTs.

As the end of the year approaches, Qualified Opportunity Zones (QOZs) remain one of the most hotly discussed topics in financial circles. This is in large part because to be eligible for the second tax step-up a QOZ investment affords in 2026, you need to be invested into a Qualified Opportunity Fund (QOF) by the end of 2019. Aside from the obvious timing implications, though, the underlying question still exists: are QOZs good investments? Here’s how we’ve responded to that question with our clients, many of whom have chosen to invest in QOFs we’ve suggested them to.

A 1031 Exchange can be a wonderful investment tool for real estate owners looking to defer capital gain taxes on the sale of appreciated investment property. That’s a driving reason why the 1031 Exchange remains so popular today, comprising an estimated 30% or more of the $500 billion of commercial real estate transactions conducted last year.*

Chicagoland 1031 Exchange is a member of The Alternative & Direct Investment Securities Association (ADISA), the nation’s largest alternative investments association. As members of ADISA, we regularly benefit from their three pillars: information and education; networking with peers, professionals, leaders, and regulators; and legislative and regulatory advocacy. It is one way we stay current on alternative investments.