1031 Exchange Market Spotlight: Cary, North Carolina

There are many 1031 DST investment options available to clients in today’s market. One thing to always remember when buying real estate is location, location, location.

Here are some of the reasons why we believe Cary, North Carolina to be a great location to buy property:

Cary is home to some of the largest national and international employers, including the No. 1 multinational workplace in the world — SAS Institute. While technology companies reside in Cary, near Research Triangle Park, other industries such as manufacturing and healthcare employ a good portion of the talented workforce.

Top employers include:
SAS Institute, MetLife, Caterpillar, John Deere, Verizon Wireless, Siemens Medical Solutions USA, Kellogg’s Snacks, Affiliated Computer Services, Lord Corporation, Oxford University Press, DB Global Technologies, HCL Corp, ABB

Cary also enjoys the advantage of proximity to some of the nation’s top universities, including Duke University, North Carolina State University and the University of North Carolina at Chapel Hill, as well as numerous well-regarded local colleges. All in all, area institutions have an enrollment of nearly 200,000 students — each with diverse* backgrounds and bright futures.

Cary’s growth has been a direct result of dedicated planning and budgeting. To maintain Cary’s high quality of life, nearly $500 million has been used to improve infrastructure projects including transportation, parks and recreation, and other resources. Our residents call Cary home for a number of reasons. Whether it is the unrivaled low taxes compared to surrounding areas, or the highly educated workforce, Cary has proven to attract those who not only care about growing, but growing smart.

Cary has repeatedly ranked among the top locations in North Carolina and the country to start a business, buy a house, raise a family and retire. Here, cultural, medical and infrastructure offerings of a big city meet the safety and friendliness of a tight-knit community.

Cary offers a diversity of housing options, including large-lot single-family dwellings, townhomes, condominiums and high-end apartments that attract 60-plus people a day to the area.

Source: http://caryeconomicdevelopment.com, http://google.com, http://www.city-data.com/, https://www.raleighnc.gov

*Diversification does not guarantee profits or protect against losses.