Harmonie Park specializes in working with property owners who are interested in re-positioning their property, such as obtaining entitlements to either develop the site or sell to builders or other developers. As owners sell their property, they often seek 1031 exchange qualified property (business/investment property) as part of an effective tax strategy for tax deferral. Largely, this property must be actively managed by the property seller. We are happy to now offer an alternative 1031 exchange solution through our work with 1031 Securities Inc., a FINRA-registered broker-dealer focused exclusively on Delaware Statutory Trusts (DSTs).
For accredited property owners seeking a tax-deferred exit strategy, DSTs may provide a way to:
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Reinvest into passive, institutional-sized real estate
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Defer capital gains under Section 1031, thus deferring State and Federal income taxation upon the sale of the appreciated real estate
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Eliminate landlord responsibilities while maintaining potential monthly income
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Ability to diversify across asset types and geographic location
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Ability to diversify across asset types and geographic location
Our Northern California roots backed by decades of real estate development expertise give us a unique understanding of local investor needs. Through 1031 Securities Inc., we provide personalized DST guidance backed by rigorous due diligence and national sponsor access.
Please contact Don Capobres, a Registered Representative (Broker Check), at don@harmoniepark.com if you are interested in learning more about 1031 DSTs and whether it is an appropriate solution for you.
Disclosures: Securities offered through 1031 Securities Inc., Member FINRA/SIPC. Harmonie Park Development and 1031 Securities Inc. are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.