Articles
Article Archives
- October 2022
- September 2022
- May 2022
- April 2022
- March 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- May 2020
- April 2020
- March 2020
- January 2020
- December 2019
- October 2019
- September 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- June 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- November 2015
- October 2015
- August 2015
- All Current Articles
Inland Sponsor Spotlight
Dan Wagner, of the Inland Real Estate Group, LLC, a Platinum Sponsor of TCF, from left, Aubrey Kobernus, of Realtor Land Institute, Clayton Harris III, executive director of the Illinois International Port District, and Barbara Clark, past TCF president.
The Inland Real Estate Group, LLC is the newest Chicago Farmers’ Platinum Sponsor. During the November 18, 2019, TCF meeting, Dan Wagner, Senior Vice President, Government Relations, provided a brief overview of the firm, which has offices in Oak Brook, Chicago, and Atlanta, Georgia.
Dan explained that the group was founded 52 years ago by four Chicago public school teachers. Over the years it has purchased $47 billion in commercial real estate. In his discussion he focused on the Delaware statutory trust (DST) structure that is used in Section 1031 exchanges. Inland Private Capital Corporation’s counsel worked with the Internal Revenue Service to educate them on the DST structure and Revenue Ruling 2004-86 was issued as a result of the collaboration. Section 1031 of the Internal Revenue Code can provide a strategy for deferring capital gains tax that may arise from the sale of a business or investment real property.
With a DST, a person could own farmland, an apartment building or another kind of rental property, sell it and then enter into a Section 1031 like-kind real estate exchange through a fractional ownership of a large condominium complex, for example.
The DST structure allows the investor to continue to exchange real properties until the investor’s death. Upon the death of the investor, the heirs may receive a “step-up” in basis to avoid initial capital gains tax.
“I have just skimmed the surface of the 1031 Delaware Statutory Trust, but I would be happy to discuss it at length with anyone,” said Dan.
For more information go to these websites:
- Leader in Private Placements brochure, which is basically a company overview – http://go.inland-investments.com/IPCC-Corporate-Overview
- Utilizing DSTs in a 1031 Exchange brochure, which covers DSTs and how they are used in 1031 exchanges – http://go.inland-investments.com/IPCC-DSTS-1031-Exchange-Brochure
