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September 9, 2010 |
Tenants in Common Replacement Property |
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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.
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