1031 Investments options

[Rick Trivedi]

Hi,

I have 1031 with clock beginning to tick in couple weeks. Looking for 1031 friendly investments - commercial or residential. Would love to get thoughts on

1. What are typical CAP / COC rates?

2. States/ cities to invest

3. TIC syndications?

Thanks in advance

[Brandon Bruckman]

@Rick Trivedi I can talk about TIC syndications. We have seen 6% preferred returns and then some sharing of the upside. IRRs in the midteens. Mainly multifamily available, but other asset types are emerging. Getting into these investments is can be tricky as most syndicators would prefer GP/LP structures. Its really a matter of how much capital you have to invest.