Multifamily Apartment Owner Choose to Pay IRS Millions of Real estate Taxes, Without Passing Down Prop 13 and 1031 Tax Savings to his Children

By Tim Vi Tran, | Dec 19, 2025 | Representing Sellers, Representing Landlords

This is a brief introduction to a full case study about the true story of a multifamily apartment owner in his 90s, who spent a lifetime growing, maintaining, and collecting rents from a 21-unit multifamily portfolio, chose to sell and pay the IRS millions of real estate taxes, without passing down Prop 13 and 1031 tax savings to his children – his “why” was bigger than any tax strategies and simplify everything for his wife and children.

What if the smartest decision you could make for your family meant writing a seven-figure check to the IRS—on purpose?

The full case study, available for a small fee at https://theivygroup.com/course-category/cre-strategies-tactics/, will walk you through how we guided him and his children to clarify their priorities for making a fully informed decision. We made sure the family understood what they were giving up: a California Proposition 13 low property tax basis for generations, and a step-up in tax basis upon inheritance that can wipe out capital gains tax through a 1031 Exchange or Delaware Statutory Trust (DST).

To watch this short intro as a 2-min video

To listen to this short intro as a 2-min podcast

This case study reveals a wise father’s choice to simply sell, for reasons of health, caregiving, and family harmony.

Many long-time commercial real estate owners are entering the sunset stage of life. If you are quietly wrestling with similar questions about legacy, simplicity, and peace of mind—if you’ve ever wondered, “Is it time to stop managing and start simplifying?”—this story offers you a different way to think about your exit strategy based on your own priorities.

👉 To learn more, you can access, for a small fee, case studies: https://theivygroup.com/course-category/cre-strategies-tactics/
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