Medical Office Buildings
Find healthcare real estate for stable, long-term tenancy.
Medical office building services are designed for property investors in New York, NY and nationwide who are seeking replacement healthcare real estate within their 45-day identification period. Our specialized service focuses on locating medical office buildings, professional buildings, and healthcare facilities that provide stable tenancy and meet IRS like-kind exchange requirements.
This service is ideal for healthcare property owners, medical practice owners, and institutional investors looking to identify medical office replacement properties that offer long-term leases with healthcare tenants. We work closely with qualified intermediaries and qualified escrow holders to ensure that all identified properties meet exchange compliance standards while maintaining the security of exchange funds.
During the 45-day identification period following your relinquished property closing, we help you identify medical office properties that qualify under IRS rules including the 3-Property Rule, 200% Rule, and 95% Rule. Throughout the 180-day exchange period, we coordinate healthcare-specific due diligence, tenant credentialing, and acquisition planning to ensure successful completion of your exchange.
Our New York, NY-based team understands the unique characteristics of medical office buildings in the metropolitan area, including proximity to hospitals, specialty concentrations, and healthcare regulatory requirements. We help you identify properties with established healthcare tenants and long-term lease commitments.
Working with qualified intermediaries and qualified escrow arrangements, we coordinate the identification process while ensuring all documentation meets IRS requirements. Our comprehensive approach includes tenant analysis, healthcare market evaluation, property condition assessments, and coordination with medical real estate specialists to streamline the identification and acquisition process.
We provide dedicated support throughout both exchange periods, helping you navigate the complexities of medical office building identification while maintaining compliance with all IRS regulations. Our expertise in the healthcare real estate sector helps you identify properties that not only qualify for exchange purposes but also align with your investment objectives and market positioning.
What's Included
- Medical office building market analysis and identification
- 45-day identification period deadline monitoring
- Coordination with qualified intermediary for documentation
- Healthcare tenant analysis and credentialing review
- Boot analysis for medical improvement differences
- Property valuation and healthcare market analysis
- Medical real estate specialist coordination
- Compliance verification for IRS identification rules
Common Situations
Medical practice owners seeking replacement medical office buildings near hospital campuses in New York City.
Healthcare investors identifying multi-tenant medical buildings with established practices across suburban markets under the 200% Rule.
Institutional investors identifying portfolios of medical office properties with long-term healthcare leases for stable income.
Example Engagement
Example of the type of engagement we can handle
Service Type:
Medical Office Buildings
Location:
New York, NY
Scope:
Identification of 3 medical office buildings within 45-day period under 3-Property Rule
Client Situation:
Owner of medical office building in Manhattan seeking replacement properties in Brooklyn and Queens healthcare corridors
Our Approach:
Coordinated medical property search focusing on hospital-adjacent locations, reviewed tenant credentials and leases, analyzed medical market dynamics, prepared identification documentation for qualified intermediary
Expected Outcome:
Successful identification of 2 qualifying medical office buildings, both acquired within 180-day exchange period
Frequently Asked Questions
What types of medical office properties qualify for identification during the 45-day period in New York, NY?
Medical office properties that qualify for identification during the 45-day period in New York, NY include professional buildings, medical office buildings, and healthcare facilities occupied by licensed medical professionals. The properties must be like-kind to your relinquished property and meet IRS requirements for investment or business use. We help you identify properties that maintain healthcare functionality and provide stable tenancy.
How do the identification rules apply to medical office buildings in New York, NY?
The identification rules apply to medical office buildings in New York, NY the same way as other property types: 3-Property Rule (maximum 3 properties), 200% Rule (unlimited properties up to 200% of relinquished value), or 95% Rule (unlimited properties if 95% of total value is acquired). We help you determine which rule best fits your healthcare investment objectives and ensure all identifications are properly documented with your qualified intermediary.
What healthcare tenant considerations are important when identifying medical office buildings in New York, NY?
Healthcare tenant considerations for medical office buildings in New York, NY include medical licensure, specialty focus, patient volume, and lease terms. We review tenant credentials, practice stability, and market positioning to help you identify properties with established healthcare providers that can maintain long-term occupancy and property value.
How might medical building improvements affect boot recognition in New York, NY exchanges?
Medical building improvements can affect boot recognition in New York, NY exchanges if replacement properties have different medical-specific improvement values than your relinquished property. Specialized medical build-outs may have different values that could create boot. We analyze improvement values and help you identify properties that minimize potential boot in your exchange transaction.
Can I identify medical office buildings with multiple healthcare tenants during the 45-day period in New York, NY?
Yes, you can identify medical office buildings with multiple healthcare tenants during the 45-day period in New York, NY, as long as the overall property use remains healthcare-related and meets like-kind requirements. We review tenant mixes, lease terms, and building configurations to ensure identified properties qualify for your exchange while providing diversified income streams.
Educational content only. Not tax, legal, or investment advice. 1031 defers income tax on qualifying real property and does not remove transfer or documentary taxes.
Ready to Get Started?
Contact us to discuss your medical office building needs in New York, NY. We can share references upon request.
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