Institutional-Grade Real Estate
Institutional-grade real estate generally refers to larger, higher-quality investment properties that are typically well located, professionally managed, and of a type often targeted by institutional or sophisticated investors. NASIS uses this term in describing the type of properties made available through fractional ownership structures.
Internal Revenue Code 1031
Section 1031 of the Internal Revenue Code discusses tax deferred exchanges.
Intermediary
An entity recognized by the IRS to act as the ‘middleman’ in a 1031 exchange. The intermediary receives funds from the relinquished property, disburses funds for the replacement property, and coordinates all paperwork
IRC Section 1031
IRC Section 1031 (a)(1) states:
“No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”
Learn more about IRC Section 1031
