Like-kind exchange rules play a critical role in supporting the multifamily industry by enabling investors to remain invested in real estate while still allowing them to balance their investments to shift resources to more productive properties, change geographic location, or diversify or consolidate holdings. They do so by allowing investors to defer capital gains taxes if, instead of selling their property, they exchange it for another comparable property. Proposals to revise or restrict like-kind exchanges may have a significantly harmful effect on the value and trading of property. Read our Fact Sheet to learn more.

Fact Sheet

Issue Fact Sheet

More information on like-kind exchanges, in addition to the NMHC/NAA viewpoint.

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