Beyond the tax bill: A framework for 1031 exchanges, UPREITs, and what happens next

August 25, 2026 • 12:00pm ET • 1 CE Credit

Beyond the tax bill: A framework for 1031 exchanges, UPREITs, and what happens next

Lessons/Sessions to be included:

• Beyond the tax bill: A framework for 1031 exchanges, UPREITs, and what happens next

Many of your clients may be sitting on significantly appreciated investment real estate — and facing a difficult dilemma. They may want to sell, but the prospect of a large tax bill, loss of income, and the complexity of estate planning often keeps them stuck. Knowing how to navigate a 1031 exchange program positions you as a sophisticated planning partner, can strengthen referral networks, and can help you retain high-value assets.

In this session, we will cover how 1031 exchanges and UPREITs work mechanically, the risks and complexities, and the question it naturally raises: where does the capital go next?

Key Takeaways:

Understand exactly how 1031 Exchanges and UPREIT structures are constructed and how capital moves through them
Leave with a framework for guiding clients from tax deferral into a thoughtful, potentially durable real estate allocation — not just the next property
Know the right questions to ask when evaluating a 1031 manager and assessing the quality and risk profile of the underlying real estate

Sponsors of this webcast may contact registrants. This webcast is for financial professionals only.

Jill Jensen

Managing Director, Alternative Investments Business Development

Nuveen

Nick Tiemeyer, CFA

VP, Investment Product Manager

Nuveen

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FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION.

This material is for educational purposes only. The views and opinions expressed are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions, legal and regulatory developments, additional risks and uncertainties and may not come to pass.

Alternative investments, including investments in real estate investment trusts, 1031 UPREIT programs and Delaware Statutory Trusts, are speculative and involve a high degree of risk, including risk of loss of entire investment. Alternative investments such as those described herein involve complex tax structures and investment strategies, contain restrictions on transfer and are illiquid with no secondary market, and may be subject to high fees and expenses, which will reduce profits. There can be no assurance that any alternative investment program’s objectives will be achieved.

Diversification does not assure performance or protect against loss.
This material does not constitute tax advice. Investors should carefully consider the tax implications of these kinds of transactions. Operating partnerships issue K-1s for tax reporting purposes. Return of capital, depreciation and deductibility of distributions may vary compared to common REIT shares. The tax implications of these kinds of transactions, as well as the structuring required to implement them, are complex. Investors should consult with their tax professionals to understand the tax implications for their specific situations.

This communication includes a brief and general description of Section 721 and Section 1031 of the Internal Revenue Code. Transactions structured pursuant to these provisions are complex. All investors should consult their own tax advisors regarding the structuring of these transactions and their tax consequences as applicable to their particular circumstances.

Tax rates, along with IRS and Social Security Administration regulations are subject to change at any time, which could materially affect the information provided herein. The TIAA group of companies, including Nuveen, does not provide legal or tax advice. Please consult with your personal legal or tax advisor regarding your personal circumstances.