Diversify and Defer: Understanding DSTs in 1031 Exchanges |
As you transition through life stages and your goals change, so do property management demands—your real estate investment may no longer align with those goals. While the steady income from rentals is appealing, the responsibilities can be overwhelming. If you're considering selling your properties, the prospect of a tax liability can affect your decisions.
Fortunately, there's an increasingly popular alternative for investors in your situation: Delaware Statutory Trusts (DSTs). These trusts offer fractional ownership in institutional-grade commercial properties, qualifying them as like-kind exchanges under Section 1031.
Structured under Revenue Procedure 2004-86, DSTs allow individual investors to acquire a beneficial interest in commercial real estate. Managed by professional DST sponsors, these trusts own and operate properties across various asset classes such as multi-family units, industrial spaces, or retail outlets. Investors can participate with investments starting at just $100,000, benefiting from passive income and potential tax advantages.
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12:00 Noon Eastern
This webinar will provide an easy to follow overview of 1031 tax-deferred exchanges and their many short and long-term benefits. We'll also review the requirements of a successful exchange and the essential role of the qualified intermediary to keep the exchange transaction simple for all parties. We'll wrap up with questions and answers.
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12:00 Noon Eastern
Join us for an insightful webinar on 1031 exchanges and Delaware Statutory Trusts (DSTs). Discover how DSTs can offer a passive replacement property solution, potentially encouraging you to sell your long-held property while still deferring capital gains taxes. Explore the benefits and strategies to maximize your investment opportunities.
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The 1031 CORP. Exchanging Thoughts Blog
Looking for another perspective on 1031 exchanges and the real estate industry?
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Marissa LoCascio Celebrates 20 Years |
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Congratulations to
1031 CORP.’s very own, Marissa LoCascio!
1031 CORP. marks Marissa’s 20th year with the company in 2024. She has seen the company through many good times and a few challenging years with grace, grit, and a killer attitude. As Senior Vice President and Chief Compliance Officer, Marissa is an excellent leader who ensures our team remains focused on an “exceptional exchange experience, made easy” for our clients.
Marissa is an industry leader, extensively involved in the Federation of Exchange Accommodators (FEA), the national trade association for the 1031 exchange industry. The FEA guides professional Qualified Intermediaries with best practices, ethics, and technical standards. Marissa serves on the Board of the FEA and has contributed on the Ethics and Marketing & Communications committees. She also served on the CES® Certification Council, including as Chair.
Marissa earned her Certified Exchange Specialist® (CES®) designation in 2008. FEA CES® designees have demonstrated expertise in Section 1031 and have been in the industry for a number of years.
Please join us in congratulating Marissa in her achievement!
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Fightin’ Phils Employee Night |
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1031 CORP. Team Night Out with the Fightin' Phils
Great company, fireworks, and the Reading Fightin’ Phils made for a great night with the 1031 CORP. Team in June. Members of our Collegeville office, their families, and several national 1031 CORP. teammates visited and cheered on the Minor League team on a beautiful Wednesday night in Reading, Pennsylvania.
The Phils’ mascot, Screwball, paid us a visit and all the kids enjoyed the traditional Pennsylvania baseball treats, ice cream and icy, flavored “water ice.”
The Fightin’ Phils are a Double-A team in the Northeast Division, Eastern League, affiliated with the Philadelphia Phillies. Their home is the FirstEnergy Stadium. Go R-Phils!
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Exchange Coordinator
Collegeville, PA & Orlando, FL
(800) 828-1031
ext. 248
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Why should someone talk with the Exchange Team at 1031 CORP.?
The expertise on the Exchange Team is amazing. The team is seasoned and knowledgeable, and has experience with a large variety of circumstances. We have Certified Exchange Specialists® on staff. We work as a pretty powerful team—we have team consultations and reviews, and discuss our tricky situations as much as we can.
1031 CORP. works solely with 1031 exchanges. We’ve been in business for more than 30 years. This is what we do day-in and day-out—strictly 1031 exchanges.
Security is also an important value for us. Security of your exchange funds is paramount. We want our clients to have confidence that their investment is safe. We have E&O insurance and a fidelity bond. Client funds are segregated and structured so that they have FDIC coverage. Security is one of the most important considerations of a Qualified Intermediary—it’s critical that we meet that high bar.
How did you come to the 1031 exchange industry?
I started in the 1031 exchange industry in 2004, working for another Qualified Intermediary until 2007. My job was to screen inquiry calls and set up exchanges in the database. I’d pass the inquiry calls on to the exchange officer to handle the file. I had the opportunity to hear our customers’ circumstances first-hand, because I screened all calls coming in.
Between 2014 and 2017, I worked in the title industry. I handled lien searches statewide and worked hand-in-hand with clients to make sure the property was clear before closing. Lots of customer service, research, and coordination with municipalities and the title company. I also worked for the sales team, supporting company business development advisors throughout Florida.
In 2022, I came to 1031 CORP. I am an Exchange Coordinator and support my Exchange Officer, Cindi Platt-Elliott. There was a learning curve, but I’ve gotten comfortable with the ins and outs of the process. I talk with a lot of title companies. I obtain copies of the sales contracts and other necessary documents to initiate the exchange, open the exchange bank account and do everything to keep the exchange easy for my clients and the other parties in the transaction.
I love that I work so much with the functions of the exchange. I get to talk with clients and help as a guide. It’s been great to grow in the role.
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Poll: How old were you when you purchased your first investment property? |
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Please select only one answer. Poll results will be reported next month.
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Poll: Where are you or your clients investing? |
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Your poll answers from the June issue of Exchanging Times®.
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Serving as a nationwide Qualified Intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide an exceptional exchange experience made easy for our clients and their advisors. We provide our clients with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our clients and their advisors. Our Exchange Team, which includes Certified Exchange Specialists®, has the experience and expertise to facilitate even the most complex exchange transactions, including reverse and improvement exchanges.
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