Benefits of tax deferral under IRC 1031 have been avaialble since 1921. Over the years through IRS Letter Rulings, tax court procedures and long awaited IRS Final Rules and Treasury Regulations, the proceses involved in completing an exchange have been simplified. After IRS Revenue Procedure 2002-22 was released, Securitized TICs became a potential replacement property for accredited investors to consider. In order to offer Securitized TICs to pre-qualified investors, registered representatives must meet specific statutory qualifications and be registered with a broker/dealer. The Securities Act of 1933 requires all private security offerings to include full disclosure of all relevant information, including fees, expenses and risks associated with liquidity and taxation in a written private placement memorandum (PPM).
Northland Securities has broker dealer agreements with a full array of IRC 1031 Tenant-In-Common sponsors. With access to replacement properties ranging in size from $100,000 to more than $50,000,000 of institutional quality and with consistent availability on a nationwide basis, Northland Securities is committed to providing solutions for accredited investors‘ IRC 1031 Like-Kind Exchange needs.
If you currently own appreciated investment properties, consult your tax professional and legal advisors prior to initiating a 1031 Exchange. To learn more, contact Northland Securities1031 and request Northland’s informative Tenants-In-Common Brochure.