Methods and investment instruments for performing tax-deferred real estate exchanges

A computer implemented method of creating a real estate investment instrument adapted for performing tax-deferred exchanges comprising:

• creating a real estate portfolio from at least one real property;
• subjecting the real property in the real estate portfolio to a master agreement;
• maintaining a computer database for tracking a plurality of deedshares created by dividing title in the real estate portfolio into a plurality of tenant-in-common deeds, each of the plurality of deedshares subject to a provision in the master agreement for later reaggregating the plurality of tenant-in-common deeds;
• and
• issuing the plurality of deedshares to a plurality of holders, at least one of the holders receiving deedshares in exchange for relinquishing title to a real property not in the real estate portfolio;
• wherein the master agreement does not establish a partnership among the plurality of holders and wherein said exchange by said at least one of the holders is a tax-deferred exchange under IRC §1031.

A computer implemented method of creating a real estate investment instrument adapted for performing tax-deferred exchanges comprising:

• creating a real estate portfolio from at least one real property;
• subjecting the real property in the real estate portfolio to a master agreement;
• creating an investment management computer database having at least one property table associated with the real property in the real estate portfolio;
• creating a plurality of deedshares by dividing title in the real estate portfolio into a plurality of tenant-in-common deeds, each of the plurality of deedshares subject to a provision in the master agreement for later reaggregating the plurality of tenant-in-common deeds;
• issuing the plurality of deedshares to a plurality of holders, at least one of the holders receiving deedshares in exchange for relinquishing title to a real property not in the real estate portfolio;
• creating at least one investor table in the investment management computer database containing a list of deedshare holders in the real estate portfolio;
• wherein the master agreement does not establish a partnership among the plurality of holders and wherein said exchange by said at least one of the holders is a tax-deferred exchange under IRC §1031;
• generating a report from the investment management computer database for said at least one of the holders to provide documentary evidence for tax-deferral on said exchange.

A computer implemented method for creating and managing a plurality of investment instruments adapted for performing tax-deferred exchanges comprising:

• creating an investment portfolio containing at least one real property;
• subjecting the real property in the investment portfolio to a master agreement;
• and
• maintaining a computer database of investment interests, each of the investment interests comprising a part interest in the real property subject to at least one provision in the master agreement governing disposition of such investment interest so as to allow a holder of the investment interest to exchange the investment interest in a tax-deferred exchange.