Strategy Library · Tax-First
The 1031 exchange is a tax instrument, not a real estate decision. 721 Hub publishes structural analysis on the tax mechanisms that determine after-tax return: deferral structures, basis management, exchange mechanics, and the tradeoffs between direct ownership and pooled vehicles. Tax-first orientation. Advisory register.
STRATEGY · TAX · 2026
The 721 exchange converts your deferred gain into REIT operating-partnership units, offering liquidity and diversification that a direct 1031 cannot. The conversion is not always the right call.
Read the strategy →STRATEGY · ESTATE · 2026
Heirs inherit appreciated property at fair market value on the date of death, eliminating deferred gain entirely. Coordinating a lifetime exchange program with an estate plan is the structural play.
Read the strategy →STRATEGY · TIMING · 2026
A reverse exchange lets you acquire replacement property before your relinquished property closes. Exchange accommodation titleholders, safe-harbor rules, and strict deadlines govern the mechanics.
Read the strategy →STRATEGY · MATH · 2026
Boot is the portion of exchange proceeds that triggers gain recognition. Managing equity and mortgage debt carefully -- and applying the 200% identification rule correctly -- is how investors stay fully deferred.
Read the strategy →STRATEGY · STRUCTURE · 2026
A single exchange can close into multiple replacement vehicles simultaneously. The interplay of direct property, DST beneficial interests, and TIC co-ownership requires careful coordination.
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