Deaton 1031 - Exchanges & Tenant-In-Common Properties
Deaton 1031 is a real estate firm that brokers Tenant-in-Common investments, often associated with 1031 tax-free exchanges.
A tenant-in-common (often referred to as a TIC) investment occurs when an individual investor purchases a fractional interest in a professionally-managed commercial real estate property. In simpler terms, you can buy a "share" of a property. It can be a retail strip center, an office building, land or large apartment community.
TIC investments are ideal for investors who want to own real estate without being a landlord. A TIC investor receives regular checks, just like rent, based on the performance of the particular property.
The level of investment varies according to property, but an investor should expect to invest between $100,000 and $1,000,000. There can be up to 35 "shares" available but typically, you would see somewhere between 12 and 20 investors co-owning the property.