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A little clarity for your next decision.
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Investor WorkspaceA little clarity for your next decision.
Timelines, rules, replacement property, and closing your exchange.
Understand the structure, compare offerings, and weigh the tradeoffs.
Contributions, operating partnership units, and long-term planning.
Public and private REITs, income, pricing, and property sectors.
Funds, eligibility, timelines, and the changing tax framework.
Ownership structures, income, tax treatment, and investment risks.
Questions, comparisons, and considerations for your next decision.
Guidance for different ownership situations and investment goals.
A closer look at the real estate behind an investment.
Explore sponsor backgrounds, platforms, and questions to ask.
Local market context and property considerations.
Plain-language explanations of terms you will encounter.
Estimate cash boot, mortgage boot and the taxable amount before you close.
Allocate exchange equity across current offerings and compare debt, LTV and income.
Brochure outlining exchange timing steps, deferrable tax categories, trust ownership features, and the sponsor's debt-free net-lease investment approach.
Question-and-answer sheet addressing exchange mechanics, intermediary costs, identification rules, debt replacement, partial exchanges, and applicable tax rates.
Diagram and four-step narrative showing how proceeds move between seller, intermediary, and sponsor during a delayed like-kind exchange.
Guide describing intermediary duties, fund custody practices, documentation submitted to the IRS, and criteria for selecting one.
Educational primer covering Section 1031 and 1033 exchange mechanics, deadlines, boot calculations, Delaware statutory trust structure, and a glossary of exchange terminology.
Introductory brochure covering like-kind exchange mechanics alongside the legal features, formation, and investor characteristics of Delaware statutory trusts.
Checklist of recommended practices and common mistakes for property owners attempting to complete a like-kind exchange under Section 1031.
Primer explaining like-kind exchange eligibility, intermediary requirements, identification methods, deadlines, boot, and the basis adjustment heirs receive.
Reference on what property qualifies, the three identification methods, the forty-five-day window, and how identifications must be submitted.
Guide to the role of qualified intermediaries, IRS independence requirements, account safeguards, insurance, bonding, and typical fee ranges.
Overview of how Section 1031 and 721 exchanges, Delaware statutory trusts, and a net-lease REIT fit together.
Explanation of tax deferral available when property is taken by condemnation or destroyed, including relaxed timelines and reinvestment requirements.
Glossary defining terminology used in Section 1031 like-kind exchanges and Section 1033 involuntary conversions, including boot, identification periods, and qualified intermediaries.
Step-by-step reference on exchange deadlines, like-kind requirements, and the two passive execution routes: Delaware statutory trusts and 721 UPREIT contributions.
Worked numerical example showing how a highly leveraged zero cash flow property can satisfy the debt replacement requirement in an exchange.
Explains how Delaware statutory trusts can be used to complete Section 1031 and Section 721 exchanges, with a hypothetical tax-deferral comparison.
Describes oil and gas mineral royalty interests, how they are treated as real property, and how they compare with DST and TIC ownership.
Explanation of the trust ownership structure used for fractional real estate interests, with its investor benefits and structural limitations.
Regression study relating entry capitalization rates and borrowing costs to first-year distribution rates on multifamily Delaware statutory trust offerings.
Comparison of real estate ownership structures including sole ownership, tenant-in-common, Delaware statutory trusts, REITs and funds, with exchange eligibility notes.
Brochure explaining Delaware statutory trust fractional ownership as replacement property, the qualified intermediary role, exchange deadlines, and sponsor track record.
Walkthrough of the path from a like-kind exchange into a trust interest and later contribution of property to a REIT partnership.
Educational brochure on exchanging real property for operating partnership units, describing the structure, conversion to shares, and planning uses.
Introduction to contributing real property to a REIT operating partnership for units, covering diversification, estate planning, and liquidity considerations.
Fact sheet outlining Section 721 contributions of DST interests into REIT operating partnerships alongside basic 1031 exchange and DST mechanics.
Explains how contributing property or DST interests to a REIT operating partnership exchanges them for partnership units and defers gain.
Summarizes the opportunity zone program's origins, third-party economic impact findings from nine developments, and pending legislative questions facing the incentive.
Brochure explaining how a year-end 2026 fair market value appraisal may reduce deferred capital gains owed by opportunity zone fund investors.
Review of the sponsor's opportunity zone development projects and the sites they replaced.
Introduces Qualified Opportunity Zone funds, the origin of the program, eligible gains, the 180-day window, and the ten-year holding benefit.
Technical paper on determining fair market value of Qualified Opportunity Fund interests, including construction-stage and minority-interest valuation discounts for 2026 recognition.
Side-by-side table contrasting original and revised opportunity zone rules across deferral periods, basis step-up, tract designation and rural fund categories.
Estimate of construction and operating spending effects on local county economies from multifamily properties held in the sponsor's opportunity zone funds.
Five-point summary of qualified opportunity fund rules covering deferral periods, ten-year basis step-up, investment windows, and treatment of capital losses.
White paper contrasting the expiring 2017 opportunity zone rules with the successor program beginning 2027, including partnership versus REIT fund structures.
Reference sheet listing the 180-day windows for placing realized capital gains into qualified opportunity funds and the entity types eligible to invest.
Summarizes changes the One Big Beautiful Bill Act made to the Qualified Opportunity Zone program, including permanence, deferral rules, and zone designation.
Guide describing how qualified opportunity zone funds work, who may invest, applicable deadlines, and the changes recent legislation introduced for 2027.
Outlines pairing an opportunity zone fund with an irrevocable grantor trust so appreciated assets can be moved to heirs with reduced tax exposure.
Compares the original opportunity zone rules with the permanent framework beginning in 2027, including deferral timing, rural funds, and partnership versus REIT structures.
Argues the opportunity zone discussion belongs in advisory practice, describing client profiles, program mechanics, and sample scripts for raising the topic.
Side-by-side comparison of qualified opportunity zone funds and 1031 exchanges, covering deadlines, eligible gains, debt rules, and compliance requirements.
Primer on real estate depreciation schedules, cost segregation studies, bonus depreciation rules, and their interaction with Section 1031 exchange boot.
Describes depreciation and cost segregation as shelters for property income, and how tax-equivalent yield allows comparison with fully taxable investments.
One-page comparison chart matching five deferral vehicles to the type of transaction that produced an investor's capital gain.
Explains how capital gains reported on pass-through K-1s extend the 180-day window for investing proceeds into a Qualified Opportunity Fund.
Explains lack-of-control and lack-of-marketability discounts and three situations where they matter: estate transfers, overfunded pension plans, and Roth conversions.
Describes how return of capital, the pass-through deduction, and basis step-up affect the after-tax yield of REIT distributions.
Illustration of converting traditional IRA assets into a Roth while a ground-up development investment sits at a reduced interim appraised valuation.
Discusses REITs for retirement-focused investors, covering income, diversification, inflation, tax treatment, and the 1031-to-DST-to-UPREIT path out of direct ownership.
Explanation of how marketability and control discounts plus early-stage fund valuations may lower the taxable amount recognized when converting an IRA.
Overview of Roth conversion mechanics, potential planning benefits, and timing approaches such as using low-income years or discounted illiquid holdings.
Describes converting traditional IRA holdings of private real estate fund interests to Roth accounts using appraisal-based valuation discounts, with a worked example.
White paper on sequencing Roth conversions with bracket management, charitable bunching, cost segregation, and bonus depreciation to lower conversion-year taxable income.
Reviews the rules, case law, and appraisal requirements behind applying valuation discounts to private fund interests held in an IRA before conversion.
Presents five-year net operating income growth projections across property sectors, with commentary on industrial, residential and life science demand drivers.
Outlines housing shortages, affordability limits, household formation and low institutional ownership as structural conditions shaping the single-family rental sector.
Descriptive guide to industrial property subtypes including bulk distribution, light industrial, truck terminals, cold storage, flex, outdoor storage and manufacturing.
White paper on rental housing designed for residents aged fifty-five and older, covering demand drivers, retention patterns, and supply shortfalls.
Examines occupancy, rent trends, supply constraints and demographic drivers behind age-restricted 55-plus active adult rental communities, emphasizing smaller markets.
Compares multifamily and single-family rental supply shortfalls and describes how build-for-rent communities address household demand in selected Sun Belt submarkets.
Introductory overview of build-for-rent housing covering renter demand drivers, housing undersupply, lease flexibility, and sector return expectations relative to other property types.
Long-form case for build-for-rent housing as an investable property sector.
Walks through obligations, liabilities, rent escalations, renewal options, notice requirements and co-tenancy clauses that landlords should review in net lease agreements.
Educational article defining investment-grade, long-term net leases and weighing their income stability against single-tenant concentration and limited appreciation.
Summary of an executive interview identifying senior housing, medical outpatient buildings, student housing and self-storage as sectors influenced by demographic change.
Research report on medical outpatient buildings and senior housing, covering aging demographics, occupancy, construction trends, and transaction activity.
Sector study of self-storage covering demand drivers tied to life events, supply pipeline, occupancy, rent trends, and transaction activity.
Sector study of purpose-built student housing examining enrollment trends, the demographic cliff, new bed deliveries, occupancy, and transaction volumes.
Connects generational life stages to demand for alternative property types including healthcare, student housing, self-storage, and manufactured housing communities.
Overview of medical office fundamentals, covering occupancy, rents, construction starts, transaction volumes, and the shift toward outpatient care settings.
Describes senior secured loans and collateralized loan obligations as income-oriented alternatives to fixed-rate bonds during a rising interest rate environment.
Introduces alternative and structured credit, explaining collateralized loan obligation mechanics, floating rate features, historical loss rates and correlation to broader markets.
Compares drawdown and rolling return history of a private property index against equities to question the value of timing market entry.
Analyzes historical drawdowns in listed REIT and private property indexes, testing whether public REIT declines reliably precede private real estate valuation declines.
Discusses how sector income growth may offset rising rate pressure, reviewing industrial, residential and specialty property fundamentals during economic turbulence.
Research paper comparing fixed income and private institutional real estate behavior during historical periods of rising interest rates and elevated inflation.
Synthesis of published 2024 forecasts from research firms on interest rates, transaction activity, apartment supply, and rent expectations.
Reviews renter household formation, ownership affordability gaps and index performance data relevant to real estate investment trusts focused on housing.
Technical explainer on deriving forward interest rates from yield curves, their limited predictive accuracy, and their use as underwriting baselines.
Analysis of construction pipeline data forecasting a sharp drop in new Southeast apartment deliveries after 2024, with lending and permitting context.
Analysis of falling multifamily permit issuance and rising renter absorption, and what those supply and demand shifts mean for apartment owners.
Examines why renting a home has become cheaper than owning in the United States, and what that means for rental housing demand.
Traces how the advisory profession shifted toward planning and explains the role private real estate and tax-aware vehicles play in portfolios.
Explains how commercial real estate's low correlation with stocks and bonds affects portfolio volatility and risk-adjusted outcomes under modern portfolio theory.
Research note assessing a proposed ban on institutional single-family home purchases and arguing affordability stems from supply and ownership costs.
Argues that local housing policy, permitting speed, law enforcement, and regulatory stability determine where rental housing capital is deployed, with city examples.
Examines how trade policy, inflation, and recession risk affect rental housing, noting historical patterns in household formation and construction during downturns.
Midyear reassessment of rental housing conditions covering demand, construction pipeline, affordability, and transaction activity, with the sponsor's longer-term outlook unchanged.
Reviews declining apartment completions, weakening builder sentiment, and the shrinking share of market-rate versus subsidized units in the construction pipeline.
Reviews Census household data showing growth concentrated among renters, and discusses homeownership affordability constraints and projected household formation through 2035.
Memo summarizing rental housing absorption, rent-versus-buy economics, construction pipeline trends, occupancy metrics, and public-private valuation gaps heading into 2026.
Examines multifamily construction starts since their 2022 peak, using San Jose and Reno as case studies alongside household formation forecasts.
Mid-year economic and property market update covering growth drivers, interest rates, construction starts, transaction volume, and sector fundamentals.
Research report examining labor force growth, productivity, recession indicators, Federal Reserve policy and inflation trends shaping the 2024 economic backdrop.
Mid-year update reviewing macroeconomic conditions and sector fundamentals across residential, self-storage, student housing, medical outpatient and senior housing property types.
Annual outlook covering growth and inflation projections, loan maturities, migration patterns, valuations, and supply trends across several commercial real estate sectors.
Annual outlook discussing macroeconomic conditions, interest rates, cap rates, transaction volumes, and sector-level conditions expected across commercial real estate in 2026.
Reviews how commercial real estate sectors behave across phases of the economic cycle, comparing long-run sector returns and demand drivers.
Discusses how inflation affects commercial property values and rents, and why income-producing real estate is treated as an inflation hedge.
Firm profile covering the sponsor's tax-advantaged offering types, transaction volume, company history, and combined investment, development and property management functions.
Describes the sponsor's team, vertically integrated platform, offering types, insurance program, audits, and investor services provided after an investment closes.
Overview of Inland's history, corporate structure, vertically integrated operations, and the tax-advantaged, growth, and income real estate programs it sponsors.
Aggregate statistics for the sponsor's private placement programs, including assets under management, sector and state allocation, and full-cycle results.
Explains commercial property and general liability coverage, premium calculation, deductibles, and the weather and construction cost trends affecting landlord insurance pricing.
One-page piece on inflation eroding the purchasing power of idle cash and where private real estate sits on the risk-return spectrum.
Primer on real estate investment trusts covering their structure, distribution requirements, public and private forms, and role in a diversified portfolio.
Explains how rating agencies grade corporate creditworthiness and why investment-grade ratings matter when assessing tenants of net-leased investment property.
Explains correlation, diversification and volatility, illustrating how adding direct real estate to a stock-and-bond allocation changes portfolio results.
Explains property-level and corporate-level borrowing in commercial real estate and illustrates how leverage changes returns using a hypothetical property.
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