After the Democratically held Congress dismissed President Biden’s plan to dismantle the 1031 exchange tax provision last fall, commercial real estate investors breathed a sigh of relief. Unfortunately, the President’s proposal to limit capital gains tax deferments on real estate exchanges to $500,000 ($1 million for joint filers) was reincarnated in his 2023 proposed budget. CRE investors are already facing headwinds as the Federal Reserve steps up efforts to raise interest rates by beginning to sell off its $8.9 trillion portfolio of mortgage-backed securities and Treasury bonds. If passed by Congress, the President’s budget will only further convince landlords straddling the fence that now is an opportune time to exit the market.

I N D U S T R I A L   N E W S

Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him
Bisnow – March 31, 2022
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Fed Lays Out Tentative Plan To Shrink Balance Sheet By $95 Billion A Month
Market Watch – April 6, 2022
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What The Recent Yield Curve Inversion Means For Investors
Globe St. – April 6, 2022
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U.S. Supply-Chain Pressures Soar To A Record, Index Shows
WealthManagement.com – April 5, 2022
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U.S. Industrial Vacancy Hits New Low, Again
Connect CRE – April 4, 2022
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R E G I O N A L   N E W S

Top 20 Markets For Industrial Rent Growth
WealthManagement.com – April 5, 2022
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Three Warehouses To Be Developed In St. Louis Under Qualified Opportunity Zone
Connect CRE – March 30, 2022
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Revisiting Chicago Industrial Properties’ Biggest Themes And Stories Of 2021
REjournals – March 21, 2022
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Houston Industrial Rents Reach Record Highs As Port Traffic Soars
And Supply Chain Woes Linger
Bisnow – April 5, 2022
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