"TICs as Real Estate - They're Legitimate" was originated by Gary Bringhurst, President and CEO of Spectrus Real Estate Company, Parent Company of For1031. Can Tenants-in-Common (TIC) interests legitimately be structured and sold as real estate or are they always a security?

The significant growth in the number and nature of fractional tenant-in-common interests (“TICs”) in the United States in recent years has created an unhealthy competition between those companies offering TICs under securities law rules and those companies offering TICs under traditional real estate structures.

Many real estate professionals have clients with an existing investment property that are eligible for a tax deferred Section 1031 like-kind exchange. Finding replacement property for such an exchange is made easier through Tenants-in-Common (TIC) programs, which have recently become a hot product to help real estate purchasers expand their opportunities. TIC ownership qualifies as replacement property under a Section 1031 exchange and creates an opportunity for many purchasers to participate ...

As real estate professionals, you have clients with an existing investment property that – when sold – is eligible for a tax deferred 1031 like-kind exchange process. Finding replacement property for such an exchange is made easy through tenants-in-common (TIC) programs, which have recently become a hot product to help real estate investors expand their opportunities. TIC ownership qualifies as replacement property under a 1031 exchange and creates an opportunity for many purchasers ...