The exchange process
We help coordinate the documentation, proceeds, and deadlines that turn two property transactions into an exchange.
Before your sale closes
Tell us about the property you are selling, your ownership structure, and your intended purchase. We coordinate with your closing team to prepare the exchange agreement and related documentation before the sale.
At the sale
The sale closes and the exchange proceeds go to the intermediary under the exchange arrangement. The account structure and disbursement process should be clear to you from the outset.
Within 45 days
Identify potential replacement properties in writing within the required period. We help coordinate identification documentation while you and your advisors evaluate your purchase options.
Within the exchange period
We coordinate the exchange funds and documentation with the closing team for your replacement property. The standard exchange period ends at the earlier of 180 days after the sale or your tax return due date, including extensions.
After closing
Retain the exchange agreements, identification, and closing records for your tax advisor. Your advisor determines the tax reporting and treatment for your transaction.
A few helpful answers
Before the sale of your investment property closes. Getting in touch early gives the team time to review your transaction and prepare the exchange documentation.
You can begin the conversation before choosing a replacement property. In a typical delayed exchange, the written identification deadline is 45 days after the sale of the property you are exchanging.
A reverse exchange may be an option. It needs advance planning and a specific ownership structure, so speak with the team before acquiring the replacement property.
The team coordinates the exchange with your transaction professionals. Your attorney and tax advisor should review the legal and tax implications of your particular exchange.
A conversation is a good place to start
Selling soon, already under contract, or exploring your options? We’re here to help you plan your exchange.
