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ADISA Tackles Threats to 1031 Exchanges

Apr 07, 2015

From GlobeSt.com

CHICAGO—1031 exchanges are popular among investors, but might not be well-understood by members of Congress, and recent proposals to limit the exchanges has worried many that Washington will cut a deal on the issue before experts get a chance to weigh in. But the Alternative & Direct Investment Securities Association, formerly known as REISA, expects more than 500 industry professionals to attend its Spring Symposium next week at the Hyatt Regency New Orleans, and will start spreading the word about the possible changes to 1031 exchanges, among other key issues.
 
“The symposium is about six months away from our national meeting in Las Vegas,” John Harrison, ADISA’s chief executive officer and executive director, tells GlobeSt.com, and gives participants a chance to get updates on regulatory changes and “drill down on hot topics.” And this year, the status of 1031 exchanges has become a potentially contentious issue.
 
“There is some rumbling going on both sides of Congress,” Harrison says, about possible changes. And last month, the Obama Administration released its budget, which proposed a limitation on likekind
exchanges to a $1 million annual deferral cap for real estate.

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