Inland Joins Real Estate Roundtable’s 1031 Exchange Coalition
The Inland Real Estate Group of Companies Inc., a commercial real estate and finance group, has joined The Real Estate Roundtable’s Real Estate Like-Kind Exchange Coalition.
The Inland Real Estate Group of Companies Inc., a commercial real estate and finance group, has joined The Real Estate Roundtable’s Real Estate Like-Kind Exchange Coalition.
The Real Estate Roundtable is a public policy organization that addresses issues relating to real estate and the overall economy, including the current administration’s proposed review of the 1031 exchange.
Inland’s member company, Inland Private Capital Corporation, is the nation’s largest sponsor of securitized 1031 exchanges with $9 billion in assets under management. Inland Private has sponsored 266 programs, including Delaware statutory trusts and other private placement programs.
“Inland is the first DST company to join the The Real Estate Roundtable’s Real Estate Like-Kind Exchange Coalition and we are thrilled to have their support,” said Jeff DeBoer, chief executive officer of The Real Estate Roundtable. “The coalition’s mission is centered on helping to preserve this vital provision in our tax code, which has been an economic driver for America over the last century.”
The IPA, a trade group representing the non-traded alternative investment industry, is the sole association member of The Real Estate Roundtable’s President Council.
“The 1031 exchange fuels employment, gross domestic product growth and real estate market liquidity, creating a healthier overall economy…,” commented Tony Chereso, president and CEO of the Institute for Portfolio Alternatives. “We look forward to continued advocacy work with [Inland Private Capital Corporation] and other [Real Estate Roundtable] members to protect this important piece of tax code, which has been an economic engine for more than 100 years.”
The Inland Real Estate Group of Companies is headquartered in Oak Brook, Illinois.
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