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Often referred to as a “1031 exchange” the Internal Revenue Code (IRC) Section 1031, offers significant tax advantages to real estate seller and buyers. The 1031 tax-deferred exchange allows owners to sell property and then reinvest the proceeds into like-kind property, thereby deferring the capital gains taxes. To qualify, however, property exchanges must be done in accordance with rules set forth in the tax code and in the treasury regulations.
Corridor has assisted real estate investors – individuals and partnerships – with approximately $100,000,000 of successful 1031 tax-deferred transactions since our inception, and we’re intimately familiar with 1031 tax-deferred exchange rules.
Consulting, Development and Additional Services
Corridor’s experience extends beyond leasing and selling properties; we provide owners, investors and partnerships with the services to take their property to the next level, with; land planning and zoning; development of speculative and build-to-suits; and consulting on existing properties that can benefit from historic tax credits, redevelopment or repositioning.
Corridor’s principals have developed, and currently manage, several million square feet of retail, office and industrial space. Some of this portfolio has been developed on a speculative basis; in other cases, we’ve developed buildings to suit individual clients.
We can also advise on:
- Property Valuation
- Historic Tax Credits
- Cost segregation analysis
- Asset Management
- Partnership Valuations
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