Do you own investment real estate? Have you recently assessed its value and considered selling the property? If so, we have important news for you….

By Dwight Kay and the Kay Properties Team A 1031 exchange is considered by many to be the most effective tax deferral tool available. Under IRS code section 1031, investment real estate owners are able to defer the capital gain tax on the sale of appreciated investment property if they reinvest in “like-kind” property. Real estate held for business or … Read More

What is a DST 1031?

First, let us explain a DST. DST stands for Delaware Statutory Trust. Here’s the full technical definition: a separate legal entity established under a trust created for the purpose of holding, managing, administering, investing, or operating a property, or for allowing business/professional properties to have multiple trustees where each owner has beneficial interest for federal tax income purposes and every … Read More

Why WellCare is keeping its corporate headquarters in Tampa 

WellCare Health Plans Inc., one of the largest managed health care providers in the United States and the largest public company based in Tampa, has committed to keeping its headquarters in Tampa through 2030. WellCare (NYSE: WCG) renewed the lease for its corporate campus at 8725 Henderson Road and three satellite offices in Tampa. The area’s business friendly environment and … Read More

The Case for Class B Apartments. Class A Buyers Beware.

Overall, the Class B segment of the multifamily apartment market has outperformed the Class A segment in the past several years; and that trend is forecast to continue. While new supply is greatly affecting the Class A apartment market with rent concessions, it is not having a material effect on the class B sector where we are focused. Although we … Read More

2016 Medical Office Outlook

Now that market watchers can exhale with the uptick in the federal funds rate, we can evaluate the state of the market. According to one of the largest medical office investment advisory firms: An important distinction for commercial real estate investors is that the Federal Funds rate is a short-term lending benchmark with limited application in commercial real estate. Commercial … Read More

The Section 721 Exchange

Most real estate investors are familiar with the IRC Section 1031 exchange and have most likely been closely involved with a 1031 exchange in one form or another. The Section 1031 exchange has become a popular way for sellers to dispose of appreciated real estate and to defer capital gains taxes and depreciation recapture taxes. Many of these same real … Read More

2015 Multifamily Outlook

Jason Salmon Senior Vice President Commercial Markets: The nation is in the 24th quarter of the current economic recovery with a compound annual rate of growth of approximately 2.3%, according to Integra Realty Resources. It is the fourth longest economic recovery since WWII. The firm suggests that “this economic recovery has had a tangible effect on fundamental property metrics, with … Read More

Why You Should Consider Deferring Your Capital Gains Taxes

By Jason Salmon Senior Vice President and Managing Director of Research Kay Properties and Investments, LLC The basics: If you own investment real estate—that means a rental condo or home, apartment building, a commercial building, raw or vacant land or otherwise—you do not have to pay taxes when you sell the property. Uncle Sam has had section 1031 of the … Read More