December 5, 2016
Inland: Don’t Lower Your Guard On 1031s
Inland: Don’t Lower Your Guard On 1031s DECEMBER 1, 2016 | BY JOHN SALUSTRI  | GlobeSt.com There’s a real estate guy as the nation’s chief executive. But don’t assume the …

Read more

Inland: Don’t Lower Your Guard On 1031s

OAK BROOK, IL—it’s no secret the Cosenzas—Mark Cosenza and father Joe Cosenza—of Inland Real Estate are on the forefront of the 1031 like-kind exchange battle. In fact, in an exclusive video from the 2016 RECon, the senior Cosenza spoke out on his concern for what the ripple effect of an abolishment of the 1031 would have. But now it’s a new day, and a real estate guy is in the White House.

Not so fast, says the younger Cosenza. We don’t know what we don’t know.

“I don’t think there’s an absolute clear stop to 1031 being in play simply because Mr. Trump has been elected president,” says the SVP of Inland Acquisitions, “because he has talked about a whole revamp of the tax code. We can only hope that his real estate background will bode well for keeping the 1031 code in place as a job creator.”

Just for the record, “The tax code allows the continued reinvestment of your dollars into the progression of real estate development and, more important, the redevelopment of assets in parts of the country that need it,” he says.  A repeal would impact not only the people involved in the immediate deal, but echoing the cautionary tone of the video, it would also impact the entire chain of redevelopment and improvement, from the appraiser and the banker to the roofer and the interiors provider.

Read Full Article Located Here

Recent

Eagle Point Credit Creditflux Awards

Eagle Point Credit Creditflux Awards

Eagle Point won 48% of the vote for “Best US CLO Equity Investor” and 42% of the vote for “Best US CLO Junior Debt Investor”.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

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

Blue Vault Q2 2023 Performance Reports Update

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

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now