Improvements Exchanges

Improvement Exchanges: You identified a replacement property that you would like to make some improvements to, you will want to perform a forward improvements exchange which is almost the same process as a regular forward exchange. You will contact us and put us in touch with your title company for the relinquished property, we will coordinate with them and obtain whatever documentation we need in order to accomplish the first step. Prior to your relinquished property closing, we will form an Exchange Accommodating Titleholder (EAT) which is an entity that will hold title to your replacement property and hold the proceeds while you are working on getting the improvements done. After closing, you will have 45 days to identify your replacement property and then 135 days to close on it and complete all the improvements you are wanting to make on it. Once it’s time to close on the replacement property, we will wire your proceeds over to the title company for your replacement property and then the funds allocated for the improvements will be held with the EAT that will hold title to your replacement property until your time is up, you will be overseeing the entire improvements project from start to finish, once the improvements are done within the 135-day window, the exchange will be successful and we will deed the property over to you or assign you a 100% member’s interest in the EAT.