Property and transaction preparation checklists.

1. The property recordAddress, year built, rentable and usable square footage, parking, and a current stacking or site plan.
2. The incomeTrailing twelve months of income and expenses, the current rent roll, and any lease abstracts.
3. The leasesExecuted leases with amendments, so term, escalations, options, and expense structure are verifiable.
4. Capital historyRecent improvements, deferred maintenance, and any known building system issues.
5. The purposeWhether the opinion supports a sale, a refinance, planning, or a partner buyout. The purpose shapes the analysis.
6. Your timingWhether you may act now, within the year, or simply want the number. It changes nothing in the evidence, but it frames the conversation.

When these are in hand, Speak with a research advisor, or open Broker Opinion of Value.

1. A clean rent rollCurrent, reconciled to the leases, with any vacancy and rollover clearly shown.
2. Trailing financialsTwo to three years of operating statements, reconciled to bank records where possible.
3. The lease fileEvery executed lease, amendment, and estoppel-relevant document, organized for the data room.
4. Service contractsVendor and service agreements, with assignability and termination terms noted.
5. Reports on handAny recent environmental, condition, survey, or appraisal reports that shorten a buyer's diligence.
6. A pricing viewA broker opinion of value, so the guidance price is set on evidence before launch, not adjusted after.

When these are in hand, Speak with a research advisor, or open Investment Sales.

1. A qualified intermediaryEngaged before closing on the relinquished property. You cannot touch the proceeds and still defer the gain.
2. Your tax counselConfirming the exchange qualifies and the entity and title structure are right, before anything is signed.
3. The two datesDay 45 to identify replacement property in writing, and Day 180 to close. Calendar days, concurrent, no extensions.
4. A replacement shortlistCandidate properties in view before closing, so identification is a decision, not a scramble.
5. Identification rulesThe three-property rule or the two-hundred-percent rule, chosen deliberately and documented.
6. Backup optionsMore identified properties than you need, because a deal that falls after Day 45 cannot be replaced with a new one.

When these are in hand, Speak with a research advisor, or open the 1031 deadline calculator.