Tenant-In-Common & 1031 Exchange Ownership
CoStar speaks with SCI Real Estate Investments to uncover the basis behind this growing ownership format.
According to CoStar COMPs, investors closed $22.7 billion of 1031 exchange transactions in 2006. The number of commercial properties being exchanged has been consistently increasing over the past five years and is nearly double that recorded in 2001.
One of the most active 1031 investors, SCI Real Estate Investments, has amassed a portfolio of approximately $1.5 billion by specializing in the tenant-in-common, 1031 exchange form of ownership. The Los Angeles market has experienced rapid growth recently and will be snatching up more than $2 billion in property over the next two years.
Read full story »
According to CoStar COMPs, investors closed $22.7 billion of 1031 exchange transactions in 2006. The number of commercial properties being exchanged has been consistently increasing over the past five years and is nearly double that recorded in 2001.
One of the most active 1031 investors, SCI Real Estate Investments, has amassed a portfolio of approximately $1.5 billion by specializing in the tenant-in-common, 1031 exchange form of ownership. The Los Angeles market has experienced rapid growth recently and will be snatching up more than $2 billion in property over the next two years.
Read full story »
Commentary
In addition to the information provided in this article on a TIC Sponsor it is just as important to understand how the TIC Sponsor underwrites and
finances the tranactions and what assumptions are made on the property.
