CRE Investors, Developers See Risk Everywhere In Biden Tax Proposal

April 28, 2021 | Kerri Panchuk | Bisnow Dallas-Fort Worth

Commercial real estate developers and investors hit the panic button Wednesday after President Joe Biden introduced a $1.8 trillion tax-and-spend plan that offsets its price tag by relying heavily on taxing commercial real estate transactions.

“Preposterous,” Dallas developer Dreien Opportunity Partners CEO Sam Ware said of the plan. “[It’s] not thought out [and] kills the jobmakers and risk-takers.”

Biden’s American Families Plan proposes an end to tax breaks received as part of 1031 exchanges (or in-kind real estate transactions) when capital gains from those deals go beyond the $500K mark. Under the current 1031 paradigm, investors are allowed to defer capital gains on property sales by immediately pouring their proceeds into acquiring other properties.

Recent

Inland and University Partners Form Strategic Student Housing Relationship

July 17, 2024

“We are thrilled to work with University Partners, a proven leader and innovator in the student housing industry, as we continue to grow IPC’s platform with best-in-class, institutional quality student housing assets,” said Keith Lampi, president and chief executive officer of IPC.

ExchangeRight’s Essential Income REIT Continues its Significant Market Outperformance as Measured in Blue Vault’s Q1 2024 Report

July 16, 2024

ExchangeRight’s REIT was also one of only four NTRs that were ranked in the top “Operating Performance” category, as measured by the 12-month average return on assets and the positive impact of favorable financing in elevating investor returns.

Sealy & Company Receives Second BOMA 360 Certified Building Designation

July 15, 2024

Sealy & Company proudly announces that Executive Center III, located at 5440 Red Bird Center Drive in Dallas, TX, has received the esteemed BOMA 360 Certified Building designation.

Inland Achieves 1.37x Equity Multiple to Investors with the Sale of a 296-Unit Multifamily Property in Fort Myers

July 12, 2024

IPC, through its subsidiary which serve as asset manager, facilitated the sale of the property on behalf of Fort Myers Multifamily DST, one of IPC’s 1031 investment programs.

Most Popular

Blue Vault Performance Reports Update 10-23-2023

October 23, 2023

Blue Vault has published the following Interval Fund and Tender Offer Fund individual performance reports...

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Don’t miss alts news
and educational events
Subscribe Now