The term ‘like-kind’ property in a 1031 exchange has a looser definition than people typically think. ‘Like-kind’ property may be any real property for business-use or investment purpose that may be bought from the sale of a property of similar nature or character, even if they differ in grade or quality. The value of the properties have no significance in determining whether they are ‘like-kind’ but solely on whether they are for business or investment purposes.
We are proud to have long-standing relationships with the intermediary community and have a designated team supporting relationships with escrow officers, lawyers, accountants, tax advisors, investment consultants and corporate finance professionals.
