The net lease sector is bracing itself for the impact of President Biden's plan to end the tax break for those who earn capital gains of $500,000 or more.
"The plan, as it stands, would be detrimental to the net lease industry," says John Feeney, senior vice president of The Boulder Group. "I would say the majority of the exchanges that occur in net lease would fall above that $500,000 limit."
Some estimates say that the commercial real estate market could be hit by as much as 12% to 15% under the Biden plan.
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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.
