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Before you begin the selling process, you should consider a 1031 Tenants in Common (TIC) property exchange. A 1031 Tenants In Common (TIC) property exchange is a special type of real estate that is intended to qualify as a 1031 tax-deferred exchange replacement property. A TIC is a percentage ownership of a typically large high quality, even institutional grade, real estate investment. An owner of a TIC does not own a specific portion or section of the property, but instead owns a specific percentage of the property and receives a grant deed for the exact ownership percentage. Examples of 1031 exchange properties and TIC real estate include office buildings, shopping centers, apartment buildings, industrial properties, warehouses, triple net properties (NNN properties and NNN Leases), raw land, and even oil and gas interests. A TIC is true real estate ownership, intended to qualify for a 1031 tax-deferred exchange without the seller having to locate the replacement property. In many cases, this dramatically increases an investor’s net income.