Preserve Section 1031 Whiteboard Video
Length: 1:33 min.
Support Section 1031!
Mary Cunningham (CDEC, FEA) speaks with REIT.com about Section 1031 repeal issue
March 31, 2015
Mary Cunningham, president and CEO of Chicago Deferred Exchange Company (CDEC) and president of the FEA, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Cunningham explained that like-kind exchanges allow REITs to efficiently deploy the funds from buying and selling assets into new income-producing property.
Cunningham also stressed that proposals to repeal or restrict 1031 exchanges would “severely harm” the real estate sector. She noted that implications would include a lock-in effect, increased debt financing, a decreased velocity of the economy, and a lower gross domestic product in the long-term.