Have you ever looked at a picture to see one thing, only to look further and see something else? Perspective.

We all see the world through our own lens, giving us our own perspective. But what about how someone else looks at an issue? Have you ever been talking to someone and not been able to see their point of view? Possibly it was a colleague, a trust beneficiary or even a family member. Take some time to listen and try to understand where they are coming from, their perspective. Your response to the situation can be beneficial to you and them. Try saying- “I see where you are coming from.” If their view is not yours- don’t look at it as wrong- but just another interpretation.

Be open to the idea of something different- you might find a new favorite way to view the world around you. If everyone took the time to listen and re-position their view- so to speak, we may actually find some common ground, making this world more unified and connected.

Your view can be very diverse- if you tilt your lens. Open yourself up to looking at things another way- you might be surprised.

Register now for ITA’s Annual Conference. This year’s event features the popular peer group meeting, a full exhibit hall, and engaging and educational sessions. This year's conference starts on Monday with the peer group meetings and is continued on Tuesday and Wednesday, Oct. 3-4.

This year’s conference includes sessions on -

Pricing – $250 members and $350 for nonmembers.  

by Peoples Company

The first step to completing a successful 1031 exchange is understanding the timeline rules and connecting with a professional to help you navigate the process. Section 1031 exchanges have two critical timing rules that must be followed for a successful exchange. These are known as the 45-day identification period and the 180-day exchange period. Failure to adhere to these standards will result in an unsuccessful exchange. There are no exceptions or extensions to these two standards. The standards are more specifically described as follows:

45-DAY IDENTIFICATION PERIOD: Closing of the sale of the property to be relinquished triggers the 45-day identification period. Upon closing of the sale of the relinquished property, the individual completing the exchange has 45 days to identify the replacement properties. If the individual completing the exchange is relinquishing multiple properties, the 45-day identification period commences upon closing of the sale of the first relinquished property.

180-DAY EXCHANGE PERIOD: The 180-Day exchange period requires closing on one of the identified properties to be completed by the earlier of:

To learn more about the timeline for a traditional Section 1031 exchange as well as rules for other types of exchanges including 1031 reverse exchanges, 1031 simultaneous exchanges, and 1031 improvement exchanges timelines check out this article by Chris Pearson with Money.

Peoples Company Capital Markets helps facilitate Section 1031 Exchanges via the DST investment vehicle through its partner, DST Farmland. DST Farmland has formally launched as a sponsor of Delaware Statutory Trust (DST) investment vehicles, focused on a first-of-its-kind offerings in the farmland asset class. The application of the DST vehicle to farmland investing is exciting, as it allows investors to take direct ownership in an asset class historically requiring capital at a scale that is out of reach for many investors. Visit DSTFarmland.com to for more information on the DST investment vehicle and current offerings.

As a reminder, the Iowa Trust Association welcomes contributors to its quarterly newsletter. If you would like to comment on recent activities in the industry or let us know about an upcoming event that would be of interest to our readers, please feel free to contact Darcy Burnett, at 800-987-7365. Thank you for your interest in our publication and we look forward to hearing from you.

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