PPM (Private Placement Memorandum)

A private placement memorandum (PPM) is a legal document provided to prospective investors when selling investment positions in a property or business. The PPM describes the company selling the investment positions, the terms of the offering, and the risks of…

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1031 Exchange Rules

  • Property must be like-kind real estate
  • Real estate must be used for investment or business, and not be considered stock in trade or personal property
  • Property replaced must be of equal or greater value to the property being relinquished
  • Boot must not be received by the seller
  • Title of the relinquished property and the replacement property must be in the same taxpayer name
  • Replacement property must be identified within 45 days of closing on the sale of the relinquished property
  • Replacement property must be purchased within 180 days of closing on the sale of the relinquished property.