In the past,
TIC transactions have ranged from $ 10 million to $ 40 million and included fewer than 10 investors, according to Sterling McGregor, senior vice president of acquisitions and finance for Passco Real Estate Enterprises Inc., the company that syndicated the Puente Hills TIC.
The firm has completed some 82
TIC transactions valued at $ 215.8 million since 1992.
However, sponsors are forming relationships with lenders that are comfortable with underwriting
TIC transactions.
TIC transaction volume has slowed considerably in the wake of the economic and...
There is also no restriction on the number of investors in a DST, as opposed to
a TIC transaction, which is limited to 35 investors.
TIC transaction volume has slowed considerably in the wake of the economic and financial crisis that has made accessing both debt and equity sources extremely difficult.
Not exact matches
May works with Real Estate Portfolios with Commercial Real Estate, Land, Investment Planning, Valuations of Special Properties, as well as
TIC and 1031 Exchange
Transactions.
This limit restricts the size of
TIC Investment Property
transactions that can be brought to market by
TIC Sponsors.
In order for a
TIC offering to be considered a real estate
transaction for 1031 Exchange purposes, it must follow the guidelines established in Revenue Procedure 2002 - 22.
In a DST
transaction, the trust owns 100 % of the fee interest in the real estate, so unlike the
TIC structure, there is only one loan and one borrower.
«The paralysis in the capital markets has caused the decline in
transaction volume in the
TIC industry as it has throughout the commercial real estate industry,» says Patricia DelRosso, president of Inland Real Estate Exchange (IREX), a
TIC sponsor based in Oak Brook, Ill. «Once credit starts to flow again, it will have a direct impact on boosting
TIC activity.»
Read Evaluating Co-Ownership (CORE) or Tenant - In - Common (
TIC) interests in Real Estate for more complete information on evaluating
TIC investment property interests for your 1031 Exchange
transaction.
November 9, 2007 — San Diego, California — The U.S. Securities and Exchange Commission (SEC) has issued a proposed exemption that would authorize securitized tenant - in - common (
TIC) sponsors to compensate licensed real estate professionals for involvement in
TIC investment
transactions.