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
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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