INVESTMENT advice
and Execution

As our core competency, Ascent identifies opportunities, acquires, increases the value of, and executes optimal exit strategies for commercial properties. We know the ins and outs of finding and financing sound commercial investments. We understand how to manage risk, especially in a changing economy.

We provide our clients with tailored 1031 exchange service to identify like-kind replacement properties and exchangeable assets (e.g. DSTs, mineral rights) that will meet their personal and financial objectives. We do this through detailed research, due diligence, analysis, and an understanding of clients’ time horizon, risk tolerance, and investment goals.

Conversely, a commercial real estate broker will share listings and show properties identified by a limited set of criteria, typically how much you can spend and properties available in your local area. Only a small percentage of agents have ever acquired, managed, and sold commercial property as part of their personal investment portfolio.

Section 1031 of the Internal Revenue Code governs the requirements for a 1031 exchange for real property. If you make a like-kind exchange, you do not have to realize a gain or a loss at the time of the sale of real property.

Per the IRS, properties are of like-kind if they are of the same nature or character, even if they differ in grade or quality. An apartment building would generally be of like-kind to another apartment building. For more detail, here is the 1031 Exchange reference on irs.gov.

Delaware Statutory Trusts and mineral rights are also classified as like-kind for commercial property 1031 exchange purposes. Ascent can provide access to these exchangeable assets.

You are not required to reinvest 100 percent of the proceeds from the sale of your property into a replacement property. However, the amount of the proceeds not invested in a like-kind asset will be subject to realization of gains or losses.

You are permitted to exchange multiple properties into one or more replacement properties.

From the date of sale of your exchange property, you have 45 days to identify (in writing) the replacement property. From the date of sale of your exchange property, you have 180 days to close on your replacement property.

Yes, when you sell a commercial property, the purchase of fractional ownership in a Delaware Statutory Trust (also referred to as a “DST”) is considered a like-kind replacement. You can purchase shares for fractional ownership of the asset(s) contained within the trust - and a prorated entitlement to the benefits of the trust including income, appreciation, and tax benefits.

Yes, when you sell a commercial property, the purchase of mineral rights (oil and gas royalties) is considered a like-kind replacement. You can purchase deeds of trust for land where sub-surface extraction is occurring.

Yes, when you sell a commercial property for a higher price than the purchase price of the replacement property in a 1031 exchange, you can invest the remainder funds in a DST or in mineral rights including gas and oil royalties. This allows you to keep all of your proceeds invested while deferring the gain or loss from the sale of your original property.