Build-to-Suitsearch for term

The build-to-suit exchange is a tax-deferred exchange in which improvements are made to the replacement property. Once the necessary improvements are completed (within the 180-day exchange time period), ownership is transferred to the Exchanger and the exchange transaction is completed. This exchange variation gives investors more flexibility, providing the opportunity to either improve an existing property or construct a new replacement property. Also known as a construction exchange or improvement exchange.