In this week's episode, BJ and Isaiah dive into the mechanics of 1031 exchanges and their impact on the real estate market. After some fun banter reminiscing about boarding school and hockey days, the discussion shifts to the current state of 1031 transactions amid rising interest rates and evolving market conditions. BJ explains the basics of 1031 exchanges, emphasizing their role in tax deferral for real estate investors and how net lease properties fit into this framework. The conversation explores the challenge of tracking accurate 1031 data, referencing industry statistics and the limitations of traditional sources like CoStar. They analyze fluctuations in transaction volumes and cap rates, highlighting a shift in market dynamics that benefits institutional players. The episode wraps up with the hosts sharing excitement about their upcoming office move, which will allow them to incorporate video into future episodes, promising more engaging content for their audience. Catch this insightful episode to understand how 1031 exchanges influence real estate liquidity, capital allocation, and market efficiency in today’s environment.