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Like-kind exchanges aid the commercial real estate sector by promoting increased investment, reducing holding periods and lowering leverage levels, according to an academic study released July 9.
Also known as 1031 exchanges after Section 1031 of the Internal Revenue Code, like-kind exchanges allow individuals and businesses to defer the payment of taxes on gains made on the exchange of property held for investment or in a trade or business for “like-kind” property.
Mary Cunningham, president and CEO of Chicago Deferred Exchange Company (CDEC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Founded in 1989, CDEC is one of the largest providers of qualified intermediary and exchange accommodation titleholder services for investors looking to structure tax-deferred exchanges under Section 1031.
