1031 Vineyard Agricultural Exchange

Rita and her husband acquired multiple lots of vineyard agricultural farmland over the past 30 years. As Napa Valley grew in wine importance, so did the value of her land. However, she and her husband were busy with their careers and never developed the land but still endured large annual expenses in taxes, maintenance, and water costs. The clients were seeking to turn negative cash flow vineyard agricultural land into positive cash flowing investments. They spent many months looking for suitable property but found limited opportunities and overstated economics.

Corcapa 1031 Solution:

We provided an industrial DST investment where the tenant was the largest pharmaceutical manufacturer in the United States and the property would ultimately be contributed into a REIT via the 721 UpREIT exchange. Rita and her husband now have positive monthly cash flow distributions and will have the option to liquidate REIT shares should they choose to do so in the future.