Property Types

What is “like-kind” property under a 1031 Exchange?

Below are some examples of “like-kind” real estate:

Vacant Land
Single Family Homes*
Condos
Multi-Family
Industrial Property
Office Property
Retail Property
Farm Property
Hotels
30-year or more Leasehold Interest
Tenant-in-Common (TIC)
Delaware Statutory Trust (DST)
Syndicated Real Estate

*It is important to note that one’s primary residence, as well as vacation or second homes held primarily for personal use, will not qualify for a Section 1031 Exchange. However, there are certain safe harbors for vacation and second homes to qualify as either a “relinquished property” or a “replacement property.”