Can a partnership own a TIC interest in real estate or is that strictly individuals? Thank you!

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Yes. In fact TICs in partnerships are a vehicle to facilitate Sec. 1031 like-kind exchanges. You can't do a LKE with a partnership interest, so they do it with a TIC. Many real estate funds own TICs because they can trade them. There can also be other business reasons to put a TIC in a partnership.

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Yes they can - effectively the premise of a drop and swap transaction - the entity or partnership ends up holding a TIC interest, even if just for the short term.

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