In this eye-opening episode of The Financial Sandbox, host Herb Alston sits down with Remy from Baker Tilly, one of the largest and fastest-growing accounting and consulting firms in the country.
From international roots to real estate expertise, Remy shares the inside story of Baker Tilly’s expansion into 1031 Exchanges, Delaware Statutory Trusts (DSTs), and student housing investments. Whether you’re a seasoned investor or just exploring your options, this conversation dives deep into the strategies that can help you build wealth while minimizing hassle.
What You’ll Learn:
- The surprising size and scope of Baker Tilly’s global real estate and tax consulting services
- The difference between 1031 and 1033 exchanges (and why they matter in California)
- Why student housing is one of Baker Tilly’s preferred asset classes
- How Baker Tilly uniquely protects investors by covering variable expenses
- The critical importance of pre-leasing cycles in student housing
- How brokers, sponsors, and property managers work together behind the scenes
Why This Episode Matters:
Herb and Remy get into the details that most investors overlook. Whether you’re considering a 1031 Exchange, exploring passive real estate income, or want to understand how DSTs really work, this is the financial clarity you’ve been looking for.
Jeremy (Remy) Francioli, MBA, CIMA, EA
Managing Director at Baker Tilly, real estate expert, former competitive swimmer, and author of Social Security: An Advisor’s Field Guide. Remy brings a global perspective and deep industry knowledge to every conversation. Jeremy has spent over 24 years in the financial services industry with a focus in Private Equity investments. Jeremy holds the Series 7 (General Securities Representative), 63 (Uniform Securities Agent State Law), and 65 (Uniform Investment Advisor Law) licenses. He is also an Enrolled Agent Tax Professional. Jeremy holds his FL sales associate Real Estate license.
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Because investor situations and objectives vary this information is not intended to indicate that an investment is appropriate for or is being recommended to any individual investor. This is for informational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. This material is not to be interpreted as tax or legal advice. IRC Section 1031 and IRC Section 1033 are a complex tax concepts; therefore, you should consult your legal or tax professional regarding the specifics of your individual situation. There are material risks associated with investing in private placements, Delaware Statutory Trusts (“DSTs”) and real estate securities including the potential loss of the entire investment principal, illiquidity, tenant vacancies impacting income and revenue, general and real estate market conditions, lack of operating history, interest rate risks, competition, including the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and investors should read the PPM carefully before investing paying special attention to the risk section. Risks associated with 1031 exchange- A 1031 exchange has an identification period of 45 days from the sale of the relinquished property to identify a potential replacement property or properties depending on the value of the previous property. To defer all capital gains tax, you must reinvest the entire net proceeds from the sale of the relinquished property into the replacement property and acquire debt on the new property that is equal to or greater than the debt on the property that was just sold and relinquished. DST 1031 properties are only available to accredited investors (typically defined as having a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years) and accredited entities. Securities offered through Concorde Investment Services, LLC (CIS) Member FINRA/SIPC. Advisory Services offered through Concorde Asset Management (CAM), an SEC registered investment advisor. Insurance products offered through Concorde Insurance Agency, (CIA). Thornwood Financial is independent of CIS, CAM and CIA.
