Merchant Development &amp; 1031 Exchanges: What problems have you run into?
Hi guys,

We are in the process of rolling commercial dispositions into 1031 exchanges with already identified replacement property. Our relinquished properties for the year will likely be 5 absolute net and ground lease deals. I am confident in our QI.

I am curious to hear of any and all problems you know of from an execution, investment, or cash management perspective.

As a developer, I would prefer to have the cash more readily accessible to move around and keep as powder, but I also recognize the merit of deferring tax liability into a larger transaction. Any insight here would be helpful. Thank you.
[{"id": "ib83oky", "text": "This is a great strategy to earn higher returns for replacement properties, especially if you have a pre-established relationship with a tenant or group of tenants. \n\nI would consult your QI or attorney on the specifics of a \u201creverse build-to-suit\u201d specifically how capital improvements are treated. I believe it would be easier with a ground lease because the tenant is responsible for capital improvements and has a lease in place with you for the ground. \n\nDM me if you have further questions or need help finding replacement properties for upcoming exchanges.", "replies": [], "depth": 1}]