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- Investment Properties
- Triple Net Lease Properties
- 1031 Exchange Property
- Real Estate Investment Advice
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Westwood Net Lease Advisors is your single-source, full-service provider for Triple-Net leased property investments and 1031 exchanges. Our service extends far beyond simply delivering outstanding property from our unmatched nationwide inventory. We will educate and assist you throughout the entire buying process. We will be your guide and advocate in every aspect of your property acquisition, from selecting the ideal property to obtaining financing to leading your team of experts to a successful closing. Westwood is there with you all the way!
We represent 100's of developers who serve the largest retailers in the United States. They build between 10 and 30 stores per year which are then sold as investment property to both individual and institutional buyers. Additionally many, find triple- net property investments to be ideally suited to fulfill their 1031, tax deferred exchange, requirements. Regardless of the investment purpose, Net Leased Investments have mass appeal as a preferred real estate investment.
A triple net property by definition provides a real estate owner with the ultimate freedom of "hands-off" carefree ownership. Not unlike investing in a corporate bond, the owner-landlord does not have any management responsibilities. Adding to its bond-like allure is its safety and stability. Investors that acquire free-standing buildings with such retail tenants as Walgreen's, Home Depot, Radio Shack and AutoZone have uniquely safeguarded their equity in real estate. These top retailers have been rated by Standard & Poor's and Moody's as having "investment grade credit"! Moreover, they are a "long-term" tenant for a guaranteed initial term of 10-25 years!
A wide array of credit retail tenants, occupying real estate all around the country has been pre-sold through a trusted group of net-lease brokers, including Westwood Net Lease Advisors. The triple net market is extremely competitive! The best properties are not always posted on Web sites because they often are sold before they "hit the street." If you work with Westwood Net Lease Advisors, we can ensure that you will have access to the newest and best-performing triple net properties available nationwide. Investors involved in a fast-moving 1031 exchange do not have time to waste. How fast is our response time? Fill out our brief inquiry form, and you will be contacted the same day.
Westwood Net Lease Advisors is a leader in the triple net industry because of our ability to consistently stay several steps ahead of the market. Our services extend to assisting our clients in the challenges of valuation, underwriting and acquiring single-tenant, net-leased properties. Our experienced advisors are truly experts! They are in the trenches every day in this vital niche segment of the real estate market. Westwood's team includes specialists that augment and work closely with our advisors to create our vast inventory of product. Moreover, the quality of the product presented utilizes the, most up to date, cutting edge technology.
Our unique and valued relationships that we enjoy with the development and brokerage community provides us with virtual access to every corner of the U.S. triple net marketplace. All of this and much more uniquely qualifies Westwood Net Lease Advisors to be your advocate and guide through a smooth and highly successful buying experience! |
1031 Property Exchanges 
1031 property exchanges offer you the opportunity to defer capital gains tax on your real estate investments.
When 1031 property exchanges are combined with Triple Net Leases you have an ideal combination of deferred taxes, security, ease of financing, and guaranteed long term tenancy with minimal management responsibilities.
Many sophisticated investors are finding this combination to be an ideal investment vehicle which offers both long term security and above average yields. |
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What is a 1031 Tax Deferred Exchange Property?
Often overlooked by buyers and brokers alike, a 1031 property exchange may be one of the best-kept secrets of the Internal Revenue Code, and most often provides significant tax advantages to real property owners who are contemplating the sale of their property.
More... Section 1031 of the Internal Revenue Code provides that the owner of real property may sell his property and, under prescribed conditions, re-invest the proceeds of the sale in the ownership of like-kind property in order to defer the capital gains taxes on the profits of that sale.
In order to qualify for the 1031 exchange tax deferment, property exchanges must be done in strict accordance with the rules set forth in the tax code and in the treasury regulations.
For in depth information regarding 1031 Exchanges and the different methods that are available to gain greater flexibility, get our 1031 Inside Guide. |
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What are the advantages of a 1031 exchange?
There are many advantages related to 1031 exchanges including tax savings, leveraging of your tax savings and consolidation of several properties into a larger one.
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- Defer paying capital gains taxes normally due on the sale of your property.
- The funds that you would have used to pay capital gains tax can now be leveraged into newer or larger properties.
- A correctly executed 1031 exchange can provide you with the opportunity to defer all of your capital gains taxes, in effect resulting in an interest-free loan from the government.
- Upgrade or consolidate existing properties into larger properties.
- Diversify one large property into several smaller ones.
- Take advantage of differences in regional growth patterns or income potential.
- Change property types among residential, commercial, retail, etc.
- When combined with a Triple Net Lease, 1031 exchanges can provide freedom from the chores of property management and allow you to invest in a larger geographical region. You have a long term tenant who maintains the property allowing real estate buyers to avoid most of the day-to-day management headaches.
For a free personal consultation on how you can take advantage of 1031 exchanges rules contact us now. |
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Who should consider a 1031 exchange?
If you are considering selling your real property and that sale will result in a net gain upon sale (normally this will be property which has either appreciated in fair market value or has been depreciated for tax purposes), then you should certainly consider a 1031 exchange.
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While the 1031 exchange regulations recognize 5 tax classes of real property, only "property held for productive use in a trade or business" and property held for investment are recognized as being eligible for 1031 benefits, though under some circumstances vacation homes may also qualify for 1031 benefits.
Section 1031 defines "business use" as "To hold property for productive use in trade or business." In addition property previously used in business can be qualifying property even if it has been retired from previous productive use.
Investment purposes are defined as real estate held by a non-dealer for future use or for a possible increase in value and is not primarily for sale. Investment is the passive holding of property, for more than a temporary period, with the expectation that it will appreciate. Property held for sale in the immediate future is not held for investment.
Westwood Net Lease Advisors maintains a large inventory of available properties for your 1031 exchange on our 1031 available properties page. |
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What are the basic 1031 exchange rules?
In order to complete an effective 1031 exchange you have to understand and follow the rules laid out by the IRS. Failure to comply with these rules can lead to your sale proceeds being considered as taxable.
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- The property you sell and the property you buy must be used in a trade or business or for investment purposes.
- The proceeds from the sale of your original property must be handled by a qualified intermediary and not by you or someone representing you.
- Any profit from the original sale that is not reinvested in the new property will be taxed.
- The level of debt on your new property must be equal to or higher than your level of debt on your old property.
- You have 45 days after you sell your old property to identify the new property or properties you intend to purchase.
- You must purchase your new property within 180 days of the sale of your old property or by the due date for your tax return for the year in which the transfer of the old property takes place, whichever arrives first.
- You may identify three or more properties as possible replacements for your old property.
- If you choose to identify more than three properties, their combined value cannot exceed 200 percent of the value of your old property.
- You must purchase at least 95 percent of the combined Svalue of all the property you list as replacements for your old property.
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What is Like-Kind Property?
As used in IRC 1031(a), the words "like-kind" mean similar in nature or character, notwithstanding differences in grade or quality. One kind or class of property may not, under that section, be exchanged for property of a different kind or class. Examples of property that qualifies for like-kind exchanges includes
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Apartments, commercial property, condominiums, duplexes and raw land. Rental homes might qualify, depending on your personal use of them.
Section 1031 of the Internal Revenue Code defines like-kind as similar in nature or character but not necessarily in grade or quality. Examples of like-kind exchanges include:
- An apartment building for a farm or ranch
- Raw land for retail space
- Unimproved property for commercial property
- An airplane for an airplane.
Property that does not qualify in a like-kind exchange includes your primary residence, stocks and bonds, notes, partnership interests, developed lots held primarily for sale and property that is to be resold immediately after its initial purchase or completion of improvements.
It is important to remember that the Internal Revenue Service bases its like-kind requirement on the use of your old and new properties. For example, any property used for investment is similar to any other property used for investment. That's why the IRS will permit a 1031 exchange involving a warehouse and a condominium or a rental duplex and a ranch.
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What is a Qualified Intermediary (QI) ?
Every 1031 exchange requires the use of a Qualified Intermediary. The QI is a person or entity that can legally hold funds to facilitate a 1031 exchange. To be qualified, the intermediary must not be a relative or agent of the exchanging party.
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You will receive a wealth of additional information on triple net lease properties and 1031 exchanges by signing up for our Newsletter and Property Alert . Our new Blog and Inside Guide may also interest you. Finally, if you haven't already done so, we encourage you to fill out our Inquiry Form. The information you provide therein will enable us to tailor our investment advice to suit your specific needs.
As one exception, a real estate agent may serve as an intermediary only if the current transaction is the only instance in which the agent has represented you in the past two years.
The use of a QI is essential to completing a successful 1031 exchange as the QI is not only required by regulation but performs several important functions in the 1031 exchange process. The QI acquires the relinquished property from the taxpayer, transfers the relinquished property, acquires the replacement property, and transfers the replacement property to the taxpayer.
Choosing a QI is an important part of your 1031 exchange process. You should understand what questions you need to ask and what to look for when choosing a QI. Full information on choosing your Qualified Intermediary can be found in our 1031 exchanges guide.
Westwood Net Lease Advisors will gladly recommend professional QI’s that have an outstanding reputation which will provide a successful conclusion to your 1031 exchange.
Westwood Net Lease Advisors will also provide you with additional services which will guarantee a successful conclusion to your 1031 exchange |
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