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"The Delaware statutory trust described above is an investment trust, under § 301.7701-4(c), that will be classified as a trust for federal tax purposes." [8] [9] "[M]ay a taxpayer exchange real property for an interest in a Delaware statutory trust without recognition of gain or loss under § 1031 of the Internal Revenue Code?" [8] [9]
Section 1031(a) of the Internal Revenue Code (26 U.S.C. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. It states that none of the realized gain or loss will be recognized at the time of the exchange.
A 1031 exchange is a real estate transaction where you trade a business-use property or one held as an investment property for a "like kind" property. 1031 Exchange Rules: Deadlines, Benefits and ...
A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. A like-kind exchange can involve the exchange of one ...
The company also moved its listing to the New York Stock Exchange. [4] On January 1, 1998, the company merged with its former external adviser, CNL Realty Advisor Inc., and became a self-advised, self-managed REIT. [5] In February 2004, Craig Macnab was named chief executive officer of the company. [6] In May 2004, he was also named president. [7]
In 2012, it was the registered agent address of at least 285,000 separate American and foreign businesses who operate or trade in the United States. [2] The split level building is located at 1209 North Orange Street in Wilmington, Delaware, United States. Many companies are incorporated in Delaware for its business-friendly General Corporation ...
CNL Financial Group (CNL), formerly Commercial Net Lease, is an Orlando, Florida based private investment management and commercial real estate company. It was started in 1973 by James Seneff. [1] The company has been a major player in efforts to redevelop Orlando's downtown.
In 2021, the company acquired 1 community in Alabama for $4.6 million, [14] 1 community in South Carolina for $3.4 million [15] and 1 community in Ohio for $10.3 million. [16] The company also acquired 1 community in Florida for $22.2 million through its joint venture with Nuveen Real Estate.