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 · 2026
A 721 UPREIT defers capital gains by trading real property for OP units, but it permanently closes the 1031 door. Here is what that tradeoff looks like in practice.
Read the strategy →STRATEGY · 2026
The PPM discloses what the summary sheet omits. Four sections reveal sponsor conflicts, distribution health, and structural risk before capital is committed.
Read the strategy →STRATEGY · 2026
Real dispositions across Fort Collins, Syracuse, Greenville, and Richmond reveal how DST structures perform through a full hold. A focused read on outcomes and lessons.
Read the strategy →STRATEGY · 2026
The 45-day clock, debt matching, property identification rules, and reinvestment structure define every 1031 outcome. Here is what to manage first.
Read the strategy →STRATEGY · 2026
Asset class gets diversified; geography often does not. How advisors document a defensible geographic allocation before the identification deadline.
Read the strategy →STRATEGY · 2026
Tampa combines Florida's absence of a state income tax with migration-driven demand and port-anchored logistics, a distinct Sun Belt DST profile.
Read the strategy →STRATEGY · 2026
Chicago pairs a metro population above 7 million with Fortune 500 employers across uncorrelated sectors, a layered demand base for DST allocations.
Read the strategy →STRATEGY · 2026
A PPM is not a formality, it's the legal perimeter of a DST investment. Here's what sophisticated investors check before committing capital.
Read the strategy →STRATEGY · 2026
Concentration in a single metro is a structural vulnerability, not a strategy. Chicago and Tampa offer distinct, complementary economic foundations that support a defensible geographic diversification thesis for Delaware Statutory Trust allocations.
Read the strategy →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 · 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 of equity, debt, and deadlines.
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 · 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.
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