Medical Office Property Identification

Medical office property identification service specializes in sourcing healthcare tenanted properties with credit backed leases that qualify as like kind replacement properties for Chicago, IL investors. This service focuses exclusively on medical office assets nationwide to help investors meet their forty five day identification deadline and one hundred eighty day closing requirement.

Our team maintains relationships with medical office brokers, healthcare real estate specialists, and institutional sellers across all major markets. We provide property underwriting, lease term analysis, and tenant credit reviews specific to medical office assets. The service coordinates with your Qualified Intermediary to ensure proper identification letter structure and works with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.

Chicago, IL investors benefit from our specialized focus on medical office properties, which offer demographic tailwinds and credit tenant stability. We understand the specific requirements for medical office replacement property identification and can help structure exchanges that comply with IRS like kind rules while meeting investment objectives for stable income and healthcare sector exposure.

What We Include

  • Specialized medical office property sourcing nationwide
  • Healthcare tenanted property opportunity identification
  • Hospital affiliation and physician group analysis
  • Lease term analysis and tenant credit reviews
  • Coordination with Qualified Intermediary for identification letters
  • Qualified escrow coordination for one hundred eighty day closings
  • Daily deadline monitoring for forty five day and one hundred eighty day milestones
  • Property underwriting summaries specific to medical office assets

Common Situations

Chicago, IL investor selling commercial property and needs to identify medical office replacement properties within forty five days

Investor seeking healthcare tenanted properties with hospital affiliations and needs specialized medical office sourcing support

Investor with multiple medical office identification options and needs tenant credit analysis to make selection decisions

Example of the type of engagement we can handle

Service Type

Medical Office Property Identification

Scope

Identify medical office replacement properties with healthcare tenants across major metropolitan markets nationwide within forty five day deadline

Client Situation

Investor selling Chicago retail property and needs to identify medical office replacement properties with hospital affiliated tenants in multiple markets before forty five day deadline

Our Approach

Specialized medical office sourcing team scanning healthcare tenanted inventory nationwide, providing hospital affiliation analysis and tenant credit reviews, coordinating with Qualified Intermediary for identification letter structure

Expected Outcome

Multiple vetted medical office replacement property options identified with complete underwriting data and compliance documentation before forty five day deadline

Educational content only. Not tax, legal, or investment advice.

Frequently Asked Questions

What identification rules apply to medical office property identification for Chicago, IL investors?
Chicago, IL investors identifying medical office replacement properties can use the three property rule, two hundred percent rule, or ninety five percent rule. Our service helps structure identification letters that properly document medical office properties and coordinate delivery to your Qualified Intermediary to ensure compliance with IRS requirements.
How does boot affect Chicago, IL investors exchanging into medical office properties?
Boot for Chicago, IL investors exchanging into medical office properties can occur if cash is received, debt is reduced, or personal property is included in the transaction. Our medical office identification service documents all potential boot sources, but investors should work with their tax advisors to calculate the correct tax impact for their specific exchange situation.
Can Chicago, IL investors identify medical office properties in different states?
Yes, Chicago, IL investors can identify medical office replacement properties in any state nationwide. The IRS like kind requirement focuses on property type, not location. Our service sources medical office properties across all major markets to provide Chicago, IL investors with maximum options before the forty five day deadline.
What happens if Chicago, IL investors cannot close on identified medical office properties within one hundred eighty days?
If Chicago, IL investors cannot close on identified medical office properties within the one hundred eighty day deadline, the exchange may fail and taxes become due. Our service monitors closing deadlines and coordinates with qualified escrow agents to help ensure timely closings that meet IRS requirements.
How does medical office property identification help Chicago, IL investors evaluate healthcare tenant stability?
Medical office property identification helps Chicago, IL investors evaluate healthcare tenant stability by providing analysis of hospital affiliations, physician group credit, and healthcare system relationships. Our service includes tenant credit reviews and demographic studies specific to healthcare markets to support identification decisions.

Ready to Get Started?

Contact our team to discuss how Medical Office Property Identification can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.