REPLACEMENT PROPERTY IDENTIFICATION

The treasury regulations, which serve as the interpretation of Section 1031 exchanges by the Internal Revenue Service, require that you identify the replacement property or properties, both real and personal, which you expect to acquire.  Your identification must be made within forty-five (45) days of the closing of your relinquished (exchange) property, both real and personal, and the replacement property and properties must ve acquired within one hundred eighty (180) days of the relinquished property sale.  Two rules and one exception apply for all identifications. They are:

The Three Property Rule – Any three properties of any value identified by address within 45 days of the close of the relinquished property.

The 200% Rule – Any four or more properties with an aggregate value not exceeding 200% of the value of the relinquished property, identified within 45 days of the close of the relinquished property.

The 95% Exception – Any amount of properties of any value, provided that at least 95% of the aggregate value of the identified properties is acquired within the 180 acquisition period.  All the properties must also be identified within 45 days of the close of the relinquished property.

IDENTIFICATION OF REAL PROPERTY

Exchanger’s Name __________________________________________________

Relinquished Property Address

Property One: _______________________________________________________

Property Two:_______________________________________________________

Property Three:______________________________________________________

Exchanger's Signature ____________________________________Date______________

Furnished by;
Invesgro Commercial Real Estate
Douglas H. Sylvster
Voice:       (206) 903 - 9494
Fax:           (206) 903 - 9494
E-Mail:       dhs@invesgro.com