Topics

• Hold, sell, exchange, or contribute: a practical decision tree (handout)

• Depreciation recapture and the real cost of a straight sale

• 1031 in 2027: direct exchange vs. DST, timelines, and identification strategy

• 721 / UPREIT contributions: when they beat an exchange, and for whom

• Opportunity Zones 2.0: use cases that pencil — and when a 1031 was the better move

• Estate considerations: basis step-up, family settlement, units vs. bricks

• Traps: deferred sales trusts, the wrong life insurance, exchanging into the wrong asset

• Worked example: one owner, one property, five outcomes side by side