Like-Kind Real Estate

To complete a successful Section 1031 tax deferred exchange, the replacement property must be like-kind to the relinquished property. Some examples of like-kind properties include:

  • retail centers
  • office buildings
  • industrial warehouses
  • multifamily apartments
  • student housing
  • self-storage facilities

Any real estate held for productive use in a trade or business or for investment purposes is considered like-kind. A primary residence would not fall into this category, however, vacation homes or rental properties may qualify.

Additional 1031 Exchange Guidelines

The price of like-kind properties are not always the same. Here are a few general guidelines investors should follow to complete a successful 1031 exchange transaction:

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