Wagner writes in favor of like-kind exchanges in Crain’s Chicago Business

Dan Wagner

By preserving 1031 like-kind exchanges in the midst of calls for tax reform, legislators will help small business owners and investors, writes Illinois REALTORS® Treasurer Dan Wagner in an opinion piece for Crain’s Chicago Business.com today.

Titled, “Tax reform noble but hands off like-kind exchanges,” Wagner outlines several reasons why the elimination of like-kind exchanges would be detrimental to the economy and to individuals.

Wagner is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance organizations.

Active in the real estate industry since 2004, Wagner has been involved in all levels of the REALTOR® organization, with a particular focus on commercial real estate and government affairs efforts. In 2016, he served as president of the Chicago Association of REALTORS®.

On the national level, Wagner has been actively involved with the National Association of REALTORS® (NAR). He currently serves as the 2016 Commercial Liaison for NAR and is the immediate past chair of the Commercial Legislation and Regulatory Advisory Board.

 

 

‘Experiential retail,’ 1031 exchanges, MIPIM among commercial issues discussed in DC

(l to r) REALTORS® Christopher Schramko, Deena Zimmerman and Mark Goodwin.

Illinois REALTORS® commercial members are busy in Washington, DC at the NAR Legislative Meetings and Trade Expo alongside their residential colleagues.

Illinois REALTOR® Global Business Council Chair Alex Ruggieri, CCIM led the NAR Commercial Real Estate Forum where items such as the MIPIM conference in Cannes, France next March and the Swanepoel Commercial Alert Report were presented. CAR member and NAR Commercial Liaison Deena Zimmerman shared her thoughts on an emerging commercial real estate trend called “experiential retail” where shopping now has become more than just a transaction, it is an experience.

NICAR leaders Mark Goodwin and Christopher Schramko attended the forum and then headed to Capitol Hill to meet with U.S. Reps. Randy Hultgren and Mike Quigley. Their expertise on 1031 exchanges, depreciation and infrastructure was an added value to the conversation.

Illinois REALTORS® Treasurer Dan Wagner also was on hand at the meeting with Senator Dick Durbin to explain the 1031 exchange and its importance to real estate and the U.S. economy.