Medical Office Identification
Healthcare real estate and medical office buildings for like-kind replacement
Medical office identification services help investors locate healthcare real estate and medical office buildings that qualify for 1031 exchange replacement. This service serves property owners in Columbus, OH and nationwide who are disposing of commercial real estate and seeking healthcare real estate replacement properties. We provide comprehensive nationwide search capabilities focused on properties with medical tenants, healthcare-specific improvements, and full compliance with healthcare facility requirements. Our Columbus, OH team understands the unique characteristics of medical office real estate, including specialized build-outs, parking requirements, accessibility compliance, and tenant credit analysis. We work within the critical 45-day identification window, providing rapid property identification and evaluation services to ensure investors meet IRS deadlines. Our process includes coordination with Qualified Intermediaries to ensure proper exchange structure and qualified escrow arrangements when transactions involve property improvements or build-to-suit scenarios. We help investors evaluate medical office properties based on tenant credit quality, lease structures, property condition including specialized medical improvements, parking adequacy, and compliance with healthcare facility regulations. Our team ensures closing timelines meet the 180-day requirement by coordinating with lenders, title companies, and closing agents throughout the transaction process. We maintain relationships with medical office property owners, developers, and brokers across major healthcare markets, providing access to both stabilized assets and development opportunities. Our analysis includes review of tenant financial strength, lease term remaining, property improvements specific to medical use, and market positioning within healthcare corridors.
What's Included
- Nationwide medical office property database search
- Tenant credit and financial analysis
- Property condition and improvement review
- Healthcare facility compliance verification
- Market comparables analysis
- Identification letter preparation
- Qualified Intermediary coordination
- Closing deadline tracking
Common Situations
Investor selling a retail property in Columbus, OH seeks to identify medical office buildings
Portfolio owner disposing of office buildings wants to transition to healthcare real estate
Developer completing a land sale needs to identify stabilized medical office replacement properties
Frequently Asked Questions
What medical office properties qualify for 1031 exchange replacement in Columbus, OH?
Medical office properties in Columbus, OH and nationwide qualify for 1031 exchange replacement if they are held for investment and meet like-kind requirements. This includes medical office buildings, healthcare facilities, and other properties leased to medical tenants. The property must be real property held for investment purposes, and both the relinquished and replacement properties must meet like-kind standards.
How is boot calculated in a medical office exchange in Columbus, OH?
Boot in a medical office exchange in Columbus, OH is calculated as non-like-kind value received minus non-like-kind value given up. Common boot sources include cash received, debt relief exceeding replacement property debt, and medical equipment or personal property included in the transaction. We help structure exchanges to minimize boot exposure.
What due diligence is required for medical office replacement properties in Columbus, OH?
Due diligence for medical office replacement properties in Columbus, OH should include tenant credit and financial analysis, lease term and rent review, property condition assessment including specialized medical improvements, parking adequacy verification, compliance with healthcare facility regulations, and market comparables analysis. We coordinate these reviews within exchange timelines.
What identification rules apply when selecting medical office replacement properties in Columbus, OH?
When selecting medical office replacement properties in Columbus, OH, investors must follow the three-property rule, 200 percent rule, or 95 percent rule. The three-property rule allows identification of up to three properties regardless of value. The 200 percent rule permits identification of any number of properties if their total fair market value does not exceed 200 percent of the relinquished property value. The 95 percent rule allows identification of any number of properties if you acquire at least 95 percent of the identified value.
How do I ensure my medical office property exchange in Columbus, OH closes within the 180-day deadline?
To ensure your medical office property exchange in Columbus, OH closes within the 180-day deadline, we coordinate with lenders for pre-approval, work with title companies to expedite due diligence, and maintain regular communication with all parties. We provide deadline tracking and notification systems to keep you informed of critical milestones and potential delays that could impact the closing timeline.
Example Engagement
Example of the type of engagement we can handle
Client Situation:
Investor selling a commercial property in Columbus, OH seeks to identify medical office buildings with credit tenants and healthcare-specific improvements
Our Approach:
We searched nationwide medical office properties, analyzed tenant credit and lease structures, verified property improvements and compliance, and prepared identification documentation
Expected Outcome:
Client identified qualifying medical office properties meeting all criteria, with identification completed within the 45-day deadline
Educational content only. Not tax, legal, or investment advice. Not tax, legal, or investment advice. Consult a qualified intermediary and tax advisor before making decisions.
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