Interests in the Trust are designed for investors seeking replacement property for a 1031 exchange. Accordingly, prospective investors need to seek advice of their tax counsel and Qualifi ed Intermediary (QI). Because there are four properties to be acquired by the Trust, a 1031 investor must either (a) close on his or her acquisition of benefi – cial interests in the Trust within 45 days of the sale of the relinquished property, or (b) identify the Trust properties using the 200% Rule or 95% Rule. Importantly, investors who are subject to foreclosure of their to-be-relinquished property should discuss a deed-in-lieu of foreclosure with their existing lender and QI.
Rainier Exchange Portfolio Trustee, LLC, an affi liate of Rainier Capital Management, LP, an experienced investor in and operator of real estate properties and syndications, is the DST’s Trustee. Rainier Capital Management, LP is a Dallas, TX-based real estate investment banking fi rm providing customized debt and equity solutions to investors and real estate projects nationwide. Over the past six years Rainier has directed investments of more than $225 million into offi ce, retail, medical, multi-family and hotel assets. Today, Rainier provides asset management services to more than 2,600 investors with investments in properties valued at more than $1 billion across 24 different states. www.rainiercapital.com
Net Lease Capital Advisors, LLC is a boutique real estate investment banking fi rm providing investment and advisory services including debt and equity placements, principal and joint venture investments, investment sales, structured tax solutions for property owners and sellers, and turn-key 1031 solutions. The advisory group of Net Lease Capital provides property, fi nancing and transaction structures to optimize fi nancial outcomes. The properties used are management free with investment grade credit tenants on long-term leases. Transaction structures can eliminate ongoing tax concerns, decrease valuation volatility, and off er easy exit strategies. Net Lease Capital is the nation’s leading expert in these areas, with over $5 billion of 1031 exchange transactions closed. www.netleasecapital.com