OLYMPIC VALLEY, CA—Opportunity continues to abound across various asset classes in commercial real estate, and despite fluctuating cap rates, the market remains robust for some who take advantage of the many creative strategies available. DeLea Becker, Owner|Broker of Beck-Reit Commercial Real Estate said that "There is no one-size-fits-all approach to closing a deal in commercial real estate."
In fact, she says that there are countless ways to get a deal done successfully. "One tactic I have found incredibly beneficial is the 1031 exchange, which allows me to efficiently move funds from one property to the next while deferring taxes," she said. "Being savvy in this industry means understanding the various tools available, such as the cost segregation tax code, that can help maximize profits."
Panelist Jennifer Keen, EVP, Western Regional Manager of IPX1031 said that "Education and knowledge-sharing are paramount among women in this field. The 1031 exchange, often misconstrued as a tool exclusively for the wealthy, is, in fact, a powerful wealth-building tool accessible to anyone. It all starts with that first deal and strategically utilizing the 1031 exchange to compound gains in future investments." She added that you should never hesitate to ask questions and seek advice, noting that "the more informed you are, the more creative and successful deals you can make happen."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
