The term «single asset
real estate» is defined as «a single property or project, other than residential
real property with fewer than four residential units, which generates substantially all of the gross income of a debtor who is not a
family farmer and on which no substantial business is being conducted by a debtor other than the business of operating the
real property and activities incidental.»
Most importantly, exchanges are used by a wide array of businesses including
farmers and ranchers, commercial
real estate investors, construction companies, conservationists, trucking and transportation companies as well as small
family owned businesses that invest in
real estate and vehicles,» commented President of the Federation of Exchange Accommodators Mary Cunningham.