Ection 1031 News Today

IRVINE, Calif., October 26, 2023--1031 Crowdfunding (1031 CF), a real estate investing platform, announces the closing of its 1031 CF Bridge Fund, LLC. and the launch of 1031 CF Bridge Fund II, LLC.

WINTER PARK, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of Reston Metro Center II, a 64,319 square foot single tenant office property located in Reston, Virginia leased to General Dynamics (the “Property”). The Property was sold for $18.5 million, representing an exit cap rate of 7.2% and generating a gain on sale of approximately $1.3 million. “This ...

IRVINE, Calif., September 12, 2023--1031 Crowdfunding (1031 CF), a real estate investing platform, today announces the appointment of Tamara Darling as its new Director of National Accounts. In the newly created role, Darling will open additional distribution channels for 1031 CF, including registered investment advisors (RIAs), family offices and other sources of equity for the company’s sponsor arm that creates Delaware Statutory Trusts (DSTs) and Real Estate Investment Trusts (REITs).

Biden Administration proposed limit gain can be deferred under like-kind exchange of real estate under section 1031 to $500,000/year for individual taxpayers or $1 million/year for married individuals filing jointly. Taxpayers required recognize gain in excess of threshold.