1033 Exchange (not 1031) Assistance (Threat of Condemnation, Eminent Domain)

[Steve Sorensen]

I own a property in the western suburbs and the City intends to buy it under "Threat of Condemnation", which falls under Eminent Domain, and level the whole block for new City buildings. This will allow me to use a 1033 exchange which has more favorable terms than a 1031 so I'm looking for anyone with experience with 1033's that might be able to help me out (lawyer? RE agent? 1031 exchange specialist with 1033 experience?). I've done quite a bit of research on the 1033 regulations so I don't need a 1033 lesson here, I'm trying to find someone who has actually been through the process to speak from experience so I know what things to look out for.

My biggest concern is the appraisal and sale price - I fully expect the City to come in with a lower offer than I think it's worth and I expect to have to appeal so I'd like to know what that process might look like. Beyond that, I'm sure there are things I'm not thinking of that you'd only get from going through the process so I'd love to have a conversation.

Thanks in advance!