Biting the securitized-TICs bullet
The News Observer reports: A trio of commercial real estate brokers are padding their resumes and building alliances, vying for a piece of the specialized, closely regulated, painfully jargon-laden -- and, these days, quiet -- corner of the investment world: securitized tenant-in-common transactions.
Securitized TICs have gained popularity in recent years with investors hoping to avoid taxes through so-called "1031 exchanges," which flourished in the recent real-estate boom. Such deals, numerically named for the tax-code section that governs them, allow investors to defer paying capital gains taxes by reinvesting profits from the sale of one property into the purchase of another.
In the first 10 months of 2008, only $783 million in tenant-in-common transactions were closed across the country, according to Real Capital Analytics of New York. That's down from $5.5 billion in deals tracked in 2007.
View the full article on The News Observer: Biting the securitized-TICs bullet
Posted by: Nina Turner