Improvement (build-to-suit or construction) exchanges allow an Investor to use Exchange Proceeds to either (1) make improvements to an existing property or (2) build a new replacement property. This variation is extremely popular because it provides the opportunity to purchase properties needing renovation or to acquire bare land and build to an Investor's [...]
A delayed exchange is the most common exchange format, providing investors the flexibility of up to a maximum of 180 days to purchase a replacement property. The use of an Intermediary is required to complete a valid delayed exchange. The Intermediary prepares the necessary exchange documents to assist the Investor with meeting the [...]
A reverse exchange is the purchase of the Replacement Property prior to closing on the Relinquished Property. An Investor may need to consider a reverse exchange in a situation where the Replacement Property must be acquired before the Relinquished Property can be sold. Due to increased transaction and exchange costs associated with a [...]
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