Property Exchanges:
With the growth of TICs, 1031 exchange products continue to develop. Some are interesting opportunities. Branscomb Realty can join a client’s CPA and attorney to identify the right investment or fund and will assist the client with all aspects of the transaction including Starker Fund Letter and timelines.

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The 1031 Highlights:

• Seller must directly transfer all sale proceeds from the closing of the relinquished property directly into a special trust account designated for the 1031 Exchange (referred to as a Starker Trust or Intermediary)

• Seller has 180 days to complete the 1031 Exchange


• Within the first 45 days of the 180-day period, the seller must identify and report target replacement properties


• Up to three replacement properties may be identified regardless of value. Also, as an alternative, an investor may identify a group of replacement properties with a combined fair market value that does not exceed 200% of the value of the relinquished property


• If no target properties are identified or are named but not acquired in the first 45 days, the Starker Trust will be liquidated and the funds returned to the investor


• Information on well respected Qualified Intermediaries is availabe upon request.