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February 2, 2010 - Vol. 9, No. 04 |
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Colorado Springs Professional Forum Updates |
- Sign up for the 'Negotiation Skills' class to be held Saturday, April 24, at the Colorado Springs
Forum by checking the appropriate box on the Forum registration form. (Go to "participant preferences," select "negotiation skills class.")
- Register now for the Spring 2010 Professional Forum in Colorado Springs, entitled
"Positioning for Growth: Value Demonstration in Challenging Times," which happens
April 24 - 28, 2010.
- The Broadmoor is the headquarters for the Spring 2010 Forum. For room reservations, call
1-800-634-7711 and request the "IAMC room block." To register online, click here and enter "IAMC10" in the password box. March 23 is the cutoff for room block reservations.
- The Early Bird Registration Discount expires March 23. Register now and save.
Attention: To expedite handling of Professional Forum questions, please direct them as indicated here:
- Concerning Forum registration, e-mail Amber White, or call her at 770-325-3411.
- Concerning the Forum hotel, e-mail Angel Fortenberry, or call her at 770-325-3488.
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Sand hill cranes fill the landscape in South Central Colorado
Photo courtesy of www.colorado.com
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Deferring Taxes Using a Real Estate 'Put Option'
The so called 1031 tax-free exchange of real estate has been on the IRS books for years. But a 2008 IRS Revenue Ruling has expanded section 1031's applications to include real estate development rights and some options. An article by Robert Willens on CFO.com says, "it is clear that certain intangible rights pertaining to realty can be viewed as real property that can be exchanged under the aegis of Section 1031(a), for more 'conventional' real property interests." Willens explains, "real property can be freely exchanged, on a tax-deferred basis, for other real property even if, for example, an improved parcel of realty is exchanged for an unimproved parcel. The improved or unimproved status of the realty goes only to the issue of its grade or quality, but the nature or character of each item of property to be exchanged is the same." The case giving rise to the IRS ruling is not easily summarized but is worth reading because it stretches the meaning of "like kind" beyond what would be intuitive even to many real estate professionals. As a result, 1031 exchanges may be possible when the items to be exchanged seem too dissimilar to qualify.
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Participate in IAMC's Online Business Networking
Stay "linked in" year-round with fellow IAMC members through IAMC's LinkedIn online business networking group, which is open exclusively to members. Once you join, you can post discussion items for group input and share your knowledge by answering others' questions. If you're not periodically checking IAMC's discussion group, you're missing some great CREM Q&A. John Jay Schwartz of Have Site Will Travel, Ltd., has posted the following information request:
[I am] coordinating new distribution centers for a client and looking for updated CC&R (covenants, conditions and restrictions) anyone is encountering to review in today's changing business climate. Thanks.
To jump to the LinkedIn logon screen, click here. Once logged on, go to the top of the left-hand column and click on "groups." For more information on LinkedIn or the IAMC Group on LinkedIn, click here. |
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Find a Real Estate Job; Post an Opening; Post a Resume
 Go to the IAMC Career Center to read about dozens of corporate real estate, economic development and real estate service provider jobs. Here's an example: director; facilities & construction, for Concentra. The job description says the position is "responsible for the overall administration of the facility and construction department within the real estate group. This position is responsible to manage all facility relocation, renovation and/or maintenance projects throughout the company's nationwide property portfolio." |
Short Subjects
Lease, Signatories' Intent Define TIs as Capital Outlay or Expense
- If the IRS determines that your company constructed tenant improvements and in return received free or reduced rent, the company may not be allowed to recover the value of those improvements through depreciation. CFO.com says, "Generally, when a lessee makes and invests in improvements on the property leased, the lessee is entitled to recover that investment through depreciation deductions. There is, however, an exception to this rule for cases in which a lessee places improvements on real estate that constitute a substitute for rent."
Real Estate ETFs Getting Attention from Investors
- Investors who need to increase the diversification of their portfolios are looking at real estate exchange traded funds (ETFs), as a way to accomplish this. Beforeitsnews.com writes, "The most popular real estate ETFs are those that offer exposure to a variety of different types of REITs, including industrial and office, retail, residential, hotels and lodging, and real estate holding and development. Many of these ETFs give significant allocations to the largest publicly-traded REITs, including Simon Property Group, Vornado Realty Trust, and Public Storage."
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Click here to write your questions, suggestions and comments. |
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