MINNEAPOLIS, MINNESOTA (June 16, 2022) - Trevor Koskovich, president of Northmarq's Investment Sales platform, was called upon by Southeast Multifamily & Affordable Housing Business to share his insights into the 1031 business, specifically on deal velocity and current market conditions amid a choppy economy, the rise of DST's and legislative threats to like-kind exchanges.
Brokers and qualified intermediaries expect rising interest rates to impact transaction volume of like-kind exchanges, but they emphasize that investors are still motivated to defer paying capital gains taxes.
Southeast Multifamily & Affordable Housing Business: Has your company carved out a niche within the 1031 exchange arena? Do you work with certain types of property investors exclusively? Do you concentrate on specific markets or regions in the country?
Koskovich: Our 1031 niche is really geared toward the private investor. We serve primarily family offices, syndicators and high net-worth investors. Northmarq Investment Sales has a national footprint and we are actively transacting 1031s across our national platform.