TIC
Tenants in Common Replacement Property
Tenants-in-Common (TIC) is a form of real estate asset ownership in which two or more persons have an undivided, fractional interest in an asset. Ownership shares are not required to be equal and ownership interests can be inherited. Each owner receives an individual deed at closing for his or her undivided, percentage interest in the asset.
A TIC investment presents the opportunity for an individual investor to own a fractional interest in a large, stable, institutional-quality, real estate asset (apartment complex, shopping center, medical building, etc…) Co-owners share the tax and wealth preservation benefits of sole-owned real estate, the same or better cash flow, and long-term appreciation potential - all without having to deal with day-to-day management issues.
If identified properly within the 45 day identification period and purchased within the 180 day exchange period, TIC real estate investments can qualify as replacement properties for your 1031 exchange. Please contact us for more information or a referral to a real estate group that offers TIC investments.
The above information is provided for general information purposes only. You should discuss your actual individual property transaction with your current attorney, certified public accountant or us.
We hope you find the above information helpful. We are aware that you will have questions about your individual transaction and encourage you to
e-mail, call us at (800) 743-1031 or FAX us at (626) 796-8222. We will be pleased to assist you.