By Juno Kenny, VP, Exchange Manager, Genesis Bank Exchange
The Genesis team recently completed an exchange for a client who sold a property in California and purchased interests in seven separate properties/portfolios of properties through the use of Delaware Statutory Trusts or DSTs as they are commonly referred to. This exchange allowed our client a variety of different opportunities and benefits.
Ultimately, our client walked away happy with a more diverse portfolio and less management to worry about.
If you’re interested in learning more about the 1031 exchange process and how it may benefit you, connect with the Genesis Bank Exchange team by calling 800.797.1031, or explore further details on our website: https://www.mygenesisbank.com/1031Exchange.