The §1031 TIC Exchange Workshop is an in-depth audio/visual presentation that incorporates and expands on the information presented on this Web site. Accredited for two credit hours of Continuing Legal Education (CLE), it has been judged by many to be the definitive source for timely education on the subject of §1031 Tenant In Common Exchanges. Although comprehensive, the Workshop was developed with the layman in mind and presents the subject matter in an easy to understand format.
It should be noted that TIC's are merely a financial planning tool that may be the perfect answer in one instance while judged to be totally unsuitable in another. The Workshop has been offered in this self-study format so that "attendees" can gain the in-depth knowledge they are looking for while specifically avoiding the "free chicken dinner" sales approach.
While there has been much misinformation circulated regarding TICs, the Workshop provides a well balanced presentation of both the advantages and disadvantages of a TIC investment. Also addressed are various issues surrounding the organizational structure of TIC offerings, such as "master lease versus management agreement", which can have a profound affect on the investment.
In other words, prospective investors will find that the Workshop provides a depth of information needed to make better investment decisions. CPAs and attorneys, in addition to potentially earning continuing education credits, will gain the understanding of tenant-in-common (TIC) investment structures needed to better advise their clients.
Of particular note is the 3rd segment which provides details on the Anatomy of a TIC Transaction. Investors have told us about their concerns as they go about investigating TIC's as a possible replacement property in their 1031 exchange. This segment addresses many of those concerns, including why the process might initially feel like a hustle. Much of the information provided, to the best of our knowledge, is largely unavailable from any other source.
Moderated by Lynnie Summers with The Center For Commercial Real Estate, the presenter is Steve Wennerstrom, a 25-year veteran of the commercial real estate industry and Registered Representative with Pacific West Securities, Inc. The Workshop has been broken down into three segments, as detailed in the following table of contents:
The §1031 Exchange Opportunity
(Segment Length: 20 minutes)
- §1031 Exchange Motive
- General Rules
- How Does It Work?
- Requirements For A Qualified Exchange
- Role of the Qualified Intermediary
- Types of Exchange – Three Options
- Identification of Replacement Property
- Rules – Number of Properties Identified
Tenant-In-Common Purchases
(Segment Length: 40 minutes)
- Advantages of Fractional TIC Interest Ownership
- How will a TIC §1031 Exchange benefit you?
- Suitability
- The TIC Structure
- The Rev Proc
- Legal Opinions
- Security vs. Real Estate (for sales purposes)
- What are The Benefits of a TIC?
- What are the Negatives or Risks?
Anatomy of a TIC Transaction
(Segment Length: 20 minutes)
- Typical Transaction Timelines
- Subscription Documents
- Over/Under Subscribed Offerings
- Preparing To Invest
- Risk Analysis
- Due Diligence
Question and Answer Session
(Segment Length: 20 minutes)
A twenty-minute one-on-one telephone consultation with Steve Wennerstrom is included in the cost of the workshop. In addition to responding to the attendee’s specific questions generated during the workshop, there will be a timely discussion about the various risk profiles currently associated with the different asset-classes of commercial real estate.
As noted above, the Workshop is accredited for professional continuing education credits (e.g. CLE for attorneys and CPE for CPAs). If you are a professional,
contact us
for current information on the availability of continuing education credits in your State.
The cost of the Workshop is $80.00 (e.g. $40 per 50-minute credit hour). Once your payment has been processed, you will be sent, via e-mail, a unique Registration Code ("Password") that will enable you to download the Workshop presentation and handouts to your computer's hard drive.
Although not recommended for dial-up connections, the workshop presentation can also be "streamed" directly from the Internet using any computer on which Macromedia's Shockwave software has been installed. The Shockwave player is FREE and widely distributed.
Click here if you wish to purchase the Registration Code and "attend" the Workshop.
