In July, President-elect Biden proposed ending 1031 like-kind exchanges for investors with annual incomes above $400,000 to fund child care and care for the elderly, which is projected to cost $775 billion over 10 years.
As the election approached, those in the sector grew nervous that a Blue Wave could possibly wash away 1031 exchanges, which would have could affect net lease volume.
"The most significant change to the net lease space could be the elimination of the popular 1031 Exchange which fuels a significant amount of overall transaction volume in the sector each year," Matt Berres, executive managing director of Net Lease Capital Markets at Newmark tells GlobeSt.com.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
