The Grove is the answer for 1031 exchange investors

Ranked by Forbes Magazine as one of the best markets for real estate investment in 2019, the Orlando real estate market is becoming a target for 1031 exchange transactions. The luxury vacation homes at The Grove Resort & Water Park highlight this trend. Compared with past years, The Grove has seen an increase of over 200 percent in contracts and inquiries from 1031 exchange investors so far this year.
1031 exchange transactions allow investors to sell income-producing properties and acquire like-kind exchange assets as replacements to defer capital gains tax.
The Grove, which is a short term rental vacation home community – not a primary home – meets one of the main 1031 exchange rules. The Grove residences are all available to close within the 180-day deadline specified by 1031 exchange rules. More importantly, The Grove offers buyers a hotel rental program professionally operated by world-class Benchmark Resorts & Hotels® to manage the residences on behalf of the owners. Since opening in 2017, The Grove has seen a continued increase in occupancy, reaching a stage where the hotel is sold-out during certain days. This is driving up revenue and making the vacation homes more popular with 1031 exchange investors.