relinquished property
- Property sold by an investor in a 1031 exchange that is held in trust, typically by a neutral trustee, before it's used to purchase a replacement property
- The office building served as the relinquished property for the new shopping center.
- The funds from the relinquished property were held in trust until the replacement property's purchase.
- The investor's apartment complex was the relinquished property in his recent 1031 exchange.
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