December 10, 2018
B+E launched the first 1031 online trading platform at last week’s ICSC New York Deal Making Show. It joins the existing B+E triple net lease (NNN) trading platform, which enables buyers and sellers to conduct NNN transactions online.
“The B+E 1031 Trade platform empowers exchangers to review the market for all net lease properties, both on-market and off-market,” said B+E CEO and co-founder Camille Renshaw. “Our proprietary system then utilizes user-defined criteria to match properties and name and purchase replacement properties.”
The U.S. NNN market is estimated to have a total market value of $6.5 trillion, consisting of more than 1.3 million properties. Less than 1% of the NNN market trades annually for roughly 11,000 transactions with an average sales price of $5.5 million, although this small percentage generates more than $55 billion in annual sales volume. Fifty-five percent of those transactions utilize brokers, according to B+E.
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