Group Ownership
Join Diamante and other Investors to Acquire High Quality Real Estate
PROBLEM: Taxpayers often hesitate to perform a 1031 exchange because of the time-consuming and complicated process of identifying, analyzing and closing on a replacement property.
SOULUTION: Diamante offers a solution to these concerns by providing investors with a co-tenancy or tenants-in-common (TIC) ownership structure. A TIC interest represents co-ownership between two or more investors. Rather than owning 100% of a smaller property, the investor receives a separate deed to an undivided interest in a much larger property. A properly structured TIC is not a partnership, instead, each co-owner has the same rights as would a single owner.
- TIC ownership provides investors the benefit of financial diversification, spreading risk through multiple properties. Diamante provides investors the ability to acquire quality real estate with professional property and asset management services.
- Legal title to the property is held directly by the TIC Owner and the owner has the right to sale or transfer his interest, subject to lender restrictions.
- TIC Owners share in all revenue and expenses of the property in proportion to their ownership interest. Cash flow is distributed to investors no less frequently than quarterly.
- The TIC Owner participates in property ownership decisions, including sale, leasing, financing, refinancing, budgeting and annual appointment of the manager.
- It is strongly recommended that you review the TIC Ownership structure with your accountant, attorney and tax advisors to determine the suitability as it relates to qualification for a 1031 exchange.
