The government’s introduction of Opportunity Zones as a potentially lucrative (albeit complex) tax-deferral strategies has had little to no impact on the use of 1031 exchanges. These tried and true tools for tax-savings, which allow investors to defer capital gains tax on the sale of real property when they reinvest sales proceeds into a similar, like-kind assets, continues to enjoy widespread popularity thanks to favorable market conditions and substantial property appreciation. There are especially well-suited for investors in net lease properties with credit worthy tenants that generate steady income without requiring professional, hand-on property management.
With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email email@example.com.