Two of the three owners wanted to reinvest their equity out of Scott Street by doing a 1031 exchange.  The primary motivation for the sale of Scott Street was to move away from management and increase cash flow; therefore, net lease investments provided an ideal solution to achieve the clients’ objectives.  By engaging Net Lease Exchange, the clients successfully closed on two (2) net lease properties—the Wendy’s property closed within the clients’ 45-Day ID period, and the First National Bank closed only a week after the ID period ended, well before the expiration of the 180 day exchange deadline.  By successfully accomplishing their 1031 exchange, the clients were able to defer capital gains of nearly $1M, increase their cash flow and eliminate all property management responsibilities.