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July 26, 2013
Market Monitor

1031 Exchange Market Update

As a result of Federal capital gain tax rates that are 58% higher compared to last year, 1031 exchange activity is up significantly. According to a recent July 2013 article in the Wall Street Journal, High Impact Tax Breaks, 1031 exchange activity has increased by as much as 50%. Many self storage property owners are experiencing price appreciation. The increase in self storage property prices, coupled with higher tax rates, has resulted in property owners facing a big tax bill. Consequently, whether selling a self storage property or contemplating selling another investment property and exchanging into a self storage facility as a replacement property, more investors are considering 1031 exchanges as a strategy to obtain either full or partial tax deferral…