Real Estate / 1031 Group
McDermott’s Real Estate Group focuses exclusively on income producing real estate investments and the structuring of tax deferred property exchanges.
Members of the Real Estate Group work with established income property owners who seek to reposition their real estate equity to accomplish multiple objectives including higher income, diversification of assets and freedom from property management all of which can be achieved through a tax deferred exchange under Section 1031 of the Internal Revenue Code.
Our real estate investment professionals focus exclusively on the buy side of exchange qualified transactions by helping clients make sound real estate investments through market study and property analysis. In addition to the structuring of 1031 exchanges, they also help clients invest non-real estate equity (cash or funds from an IRA account, for example) into income producing real estate investments as part of a well-balanced investment portfolio.