Viewing the net lease market from the vantage point of Southem Califonia has been a near-intoxicating experience in the last few years. Net lease assets have been afforded a special cache in the investment marketplace, often as an IRC 1031 replacement so
Internal Revenue Code Section 1031 allows a seller to defer capital gains taxes if the person reinvests in a like-kind property of equal value. If an investor sells his six-unit residential rental property, for example, he can reinvest in various types of