Has anyone done a 721 Exchange?
“A 721 exchange is similar to the 1031 exchange. IRC Section 721 allows investors to exchange appreciated real estate property held for business or investment purposes for units in an operating partnership that will be converted into shares of the real estate investment trust (REIT).”
We want to do a 721 Exchange with our mobile home park in order to defer capital gains tax.
We have confirmed with Sunrise Capital Investors that they do 721 exchanges with mobile home parks.
Do you know of other Investment Funds/REITs that offer 721 exchange?
If you have done a 721 exchange, please share your experience, pros and cons.