We are often asked how we insure the buyer of our objectivity. The answer to this is twofold. First, Tenant-in-Common (TIC) properties are bundled with all fees and commissions.  These costs can be found in the Private Placement Memorandum (PPM) available on all properties offered for sale. Second, our objectivity should be directly proportional to the number of properties and sponsors we present to buyers with full and fair disclosure. We believe if buyers are able to objectively compare multiple sponsors and properties, less prejudice or undo favoritism exists for any one sponsor or property.  As of January 2008, OMNI signed 59 selling agreements and 1031PropertyWatch has helped clients invest with 45 sponsors.  At any given point we typically have 50-60 properties.

The Role of a Sponsor (Real Estate Provider/Seller):
A sponsor sources the property, performs property due diligence, garners the financing, arranges for asset and property management, and offers the property to potential investors. Because an investor has a continued reliance upon the seller after the close of the property and because an investor will own the property for some time into the future, the role of the sponsor should be carefully considered.

The Role of a Qualified Intermediary (QI):
The IRS requires that the investor does not take possession of the proceeds from the sale of the property during a 1031 exchange. A qualified intermediary, also known as a "facilitator" or "exchange accommodator", acts as a fiduciary over the proceeds from the sale of the property during the exchange period, and provides services to help keep the investor in compliance with IRS rules and laws.