1031 EXCHANGE DONE : 2 Acres in Central Texas - #TexasTriangle

Beck-Reit is no stranger to 1031 exchanges. In fact, you may call us the 1031 experts. In 2022 we closed two 1031 exchanges, and have never failed. The rigorous timeline to identify a property to purchase before Uncle Sam tries to swoop in and grab his “share” can be intimidating for most, but our meticulous process makes every one of those 45 days of the identification period count.

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WHAT'S NEW AT BECK-REIT : 5 LOTS PURCHASED FOR OUR SURPRISE DEVELOPMENT PROJECT

In the last week of March, The East Austin Experts—Beck-Reit Commercial and others closed on 5 lots in East Austin to begin a killer surprise development project on E 7th Street.

Let us know if you’re interested in office, retail, or restaurant space on E 7th, and check back here for more updates as the project progresses and more details are announced.

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Austin Women Trailblazers

Bisnow is honoring Austin’s most influential trailblazers - Top-level women executives and industry powerhouses who influence the way commercial real estate is done in ATX. Read the article full of quotes by our Founder DeLea Becker : “Building The Plane While Flying It”: Women In Austin CRE Are Soaring

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Less than 3% of Commercial Real Estate is Owned and Managed by Women

According to research by BiggerPockets, women represent less than 2% of commercial real estate investors. This figure is surprising given that more women own and manage their own businesses today than ever before. Commercial real estate is an asset class that offers tremendous potential for growth, especially when you consider the current market conditions. However, most women are not investing in commercial real estate for one main reason: lack of knowledge about how it works and how they can get started investing. But this isn't true for Women In Commercial Real Estate. For Women in our profession, investing is squarely in our Circle of Competence.

There is potential to create $1 trillion dollars of value for women in commercial real estate by 2025 if we start investing like men. It's a $3.5 trillion dollar industry, and it's the largest one in the world.

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1031 Diary II: Boost Mobile, 4403 W. Commerce

We acquired 4403 W Commerce in December of 2020 after selling 2707 Rogge Lane. The Rogge property was an East Side shopping center near the Mueller that required a gut renovation. We had it leased up and were working through our redevelopment plans when Austin’s growth out-paced us and a bigger fish came with an offer we couldn’t refuse.

Similar to our 8808 Barker Cypress acquisition, we felt like we could sell high in the Austin market and move our gains into a safe and stable NNN investment elsewhere.

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