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Mehdi Star
Helping landlords 1031 exchange into Net Lease and DSTs.
Mehdi Star is a Partner at NLX (Net Lease Exchange), where he specializes in representing private capital clients in 1031 exchange transactions focused on net lease investments across the United States. He co-founded NLX with Kourosh Bakhtvar, aiming to provide buyer advisory services specifically for single-tenant net leased properties.132
In his role, Mehdi assists clients in transitioning from residential to passive commercial investments, exemplified by successful transactions such as the acquisition of a Walgreens property, which allowed clients to achieve favorable cash-on-cash returns.1 His expertise is particularly valuable for landlords looking to shift into more passive real estate investments.
Highlights
Mehdi Star and Kourosh Bakhtvar form new buyer advisory services platform, Net Lease Exchange (NLX). Specializing in single tenant net leased investments and the Delaware Statutory Trust, NLX endeavors to provide clients the resources required to successfully execute on their 1031 exchange objectives.
Client was introduced to us in their ID period, after their first pursuit did not make.
Their exchange required replacing a certain amount of debt, in addition to equity realized from the sale of their ownership interest in a 64-unit multifamily property.
Initially, our Client was resigned to the fact that they would have to inject personal funds to replace the debt portion of their exchange, as obtaining a new loan was not an option for them; however, given our experience handling 1031 requirements and unique specialization, we offered a compelling solution that our Client had not previously considered—
By allocating a small portion of their equity towards a highly-leveraged zero cash flow DST, our client was able to cover all the debt they needed to avoid boot on their 1031 exchange. They applied the balance of funds towards a triple net investment all cash. In effectuating this strategy, our client was able to avoid having to bring in personal funds into the exchange, and managed to defer all capital gains by meeting their 1031 objectives in a short timeframe. Thank you Matthew Flaherty and Ryan Rodriguez for the referral. Kourosh Bakhtvar
