ISSUE

Performing smooth1031 tax-deferred exchanges, either individual or multi-property, is hampered by an inefficient marketing model, limited supply and by IRS identification period constraints.

APPROACH

The RIISnet MarketPlace™ establishes a web-based transaction platform that enables members to perform efficient 1031 tax-deferred exchanges.

IMPACT: More innovation, more speed, more transactions

UNIQUE SPECIFICS

EXCHANGE MATRIX™

The Exchange Matrix is a staging area where RIISnet MarketPlaceTM participants engineer single or multiple property exchanges. Properties to be exchanged out of are offered for sale; while at the same time, searches are created for properties to exchange into. Once suitable replacement properties have been found, all properties can be engaged simultaneously within RIISnet. The 21-day Engagement phase can be mutually extended, and is completely confidential. Since Engagement offers the freedom of a letter of intent and the protection of a contract, RIISnet users can align multiple selling properties with multiple buying properties while also having ample time to complete due diligence and to structure all contracts prior to initiating the IRS-required, 45-day identification period.

The 21-day Engagement phase can be mutually extended, and is completely confidential. Since Engagement offers the freedom of a letter of intent and the protection of a contract, RIISnet users can align multiple selling properties with multiple buying properties while also having ample time to complete due diligence and to structure all contracts prior to initiating the IRS-required, 45-day identification period.

RESULTS

The Exchange Matrix accomplishes months of acquisition and disposition work in a matter of hours.

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