Under the Tax Cuts and Jobs Act, Section 1031 now applies solely to exchanges of real property and to not exchanges of personal or intangible property. An exchange of real property held primarily for sale nonetheless does not qualify as a like-kind change. Managing a collection of funds and mandates, throughout both private and non-private investments, and spanning each debt and fairness throughout diverse geographies and investment types, we offer entry to each side of real estate investing. Nelson-based commercial property owner Gaire Thompson has purchased a main piece of real estate in Invercargill’s central city. Penta Real Estate was formed by separating the true estate division from the corporate Penta Investments, whose origins date again to 1994. Penta Group entered the real estate sector in 2005 and has since become the chief in the actual estate market in the Czech Republic, Slovakia and Poland.
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