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The Basics of a 1031 Like-Kind Exchange for Commercial Property Investors

Phil Jemmett | Posted 03.23.2014 | Business
Phil Jemmett

Section 1031 exchanges can provide significant tax benefits to commercial property owners, especially when dealing with distressed property. Through a 1031 exchange, an investor can defer recognition of gain, by reinvesting in like-kind or similar property within certain time limitations and other restrictions.

Workout Strategies for Distressed TIC-Owned Properties -- The Section 721 Roll-Up

Phil Jemmett | Posted 03.11.2014 | Business
Phil Jemmett

Dealing with a distressed real estate investment is always difficult. The difficulty is compounded with tenant-in-common ("TIC") projects, where ownership is often divided among as many as 35 different investors.

Solution to Tax Hazards on Distressed Commercial Properties: Zero Basis 1031 Exchange

Phil Jemmett | Posted 02.04.2014 | Business
Phil Jemmett

When considering various workout strategies for distressed commercial property, one must carefully weigh the potential tax consequences of each option.

Thinking of Buying or Selling Real Estate? A Quick Method to Estimate Value

Phil Jemmett | Posted 01.23.2014 | Money
Phil Jemmett

Whether you are considering purchasing or selling commercial property, quantitative research will help you to negotiate the best deal possible.

Is a National Credit Tenant the Best Choice for My Retail Property?

Phil Jemmett | Posted 10.28.2013 | Business
Phil Jemmett

If you own a shopping center then you know that high occupancy rates and stable tenants are vital to the success of your asset. Many owners of neighbo...

How Can I Exit My Tenant-in-Common Investment?

Phil Jemmett | Posted 12.23.2013 | Business
Phil Jemmett

The hands-off management structure seemed alluring and the TIC structure offered a tax shelter from real property gains if the owner purchased the asset through a 1031 Exchange. Unfortunately, many of the TIC investments failed to meet expectations.

What Is FIRPTA, and How Does It Affect My Commercial Real Estate Investment?

Phil Jemmett | Posted 11.25.2013 | Business
Phil Jemmett

Before FIRPTA became law, the U.S. had no way to tax foreigners on these profits. Now, FIRPTA requires withholding from a foreigner's rental income as well as withholding from a foreigner's gains (or losses) upon disposal of U.S. real estate.

What Is Defeasance? How Does It Affect My Commercial Real Estate Loan?

Phil Jemmett | Posted 10.08.2013 | Business
Phil Jemmett

The rules that govern home loans are not the same as the rules that govern commercial real estate loans. One of the major differences is that there i...

Six D.C. Bars Make Esquire's 'Best' In The Country List, Topping New York

The Huffington Post | Will Wrigley | Posted 05.30.2013 | DC

New York hasn't got a thing on D.C. … at least when it comes to cool bars. D.C. has more of the "best bars in America" than any other city, accor...

What To Drink This Fall: Applejack

The Huffington Post | Rebecca Orchant | Posted 10.15.2012 | Taste

Fall is Applejack's season and has been for some time -- not just for us, but for America.