Overview
Bonaventure is featured in Wealth Management’s 2026 Market Outlook, with an article by Michael Auerbach, Head of Tax Deferral at Bonaventure, titled How to Help Investors Unlock Passive Potential With 721 Exchanges. In the piece, Auerbach explains how 721 exchanges offer investors a strategic path beyond traditional 1031 exchanges by allowing a transition from active property management to passive ownership within a professionally managed REIT portfolio. The article outlines how this approach supports long term income, diversification, and tax deferral while reducing the operational burden of direct ownership, positioning the 721 exchange as a natural evolution in tax deferred real estate planning.