Sector: Real Estate
Country: US
State: Minnesota
Address: 2315 Irving Ave S, MN 55405, Minneapolis, Minnesota, US
Phone: 8888766005


A 1031 exchange sponsor is an individual or company whose role is finding, underwriting, financing and acquiring investment real estate for a group of individual 1031 investors. The sponsor typically manages the property on behalf of the investor group during the investment hold period, and sells the property at the end of the period. Sponsors that focus on 1031 exchange Delaware Statutory Trust (DST) investments will create the DST legal entity that will own the property, become the "Master Tenant" of the property (sub-leasing to the actual physical property tenants), and act as the DST signatory trustee. We have compiled a list of 1031 exchange sponsors across United States so you can learn more about each of them. A 1031 exchange (IRS Code Section 1031) enables investors to defer capital gains taxes by reinvesting the proceeds from the sale of their investment property, known as the "relinquished property", into a qualified "replacement property". The investor much acquire a replacement property or properties that are of equal or greater value than their relinquished property (including any loan pay off), reinvesting all net proceeds (equity), and following the IRS required guidelines and time-frames. The replacement property or properties must be identified to a Qualified intermediary within 45 days of the close of escrow of the relinquished property. The purchase or purchases of the replacement properties must be closed within 180 days. The property purchased in a 1031 exchange must be "like kind", which means any type of real estate held for productive use in a trade or business, income production (rental), or investment purposes. Properly structured DST properties qualify as 1031 replacements.

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