TIC Explained
TIC Explained
A
TIC is an investment in a single large commercial
investment real estate by multiple real estate owners, not as limited partners, but as individual real estate owners. Each
real estate owner receives an individual deed at closing for his or her undivided percentage interest in the entire investment real estate. A
TIC exchange qualifies as a 1031 exchange according the internal revenue code. Completing a 1031 exchange with a
TIC interest ownership in an
investment real estate allows real estate owners not only to defer their capital gains taxes, but also to use all of the proceeds from their sale to leverage into more valuable
investment real estate investments.
If you are thinking of transferring any investment real estate, contact us today for more information on 1031
TIC exchanges.