South Carolina December 2020 – Key Take Aways

• Everyone is having a busy year end.  Many are wanting to close deals before the end of 2020.  Some worry about the pipeline for 2021.
• Land transactions remain high.  Some concern about running out of product.
• Industrial space continues to be very busy especially in cold storage and distribution centers.
• Multi-family market is saturated.
• It is getting tougher and tougher to get timely reviews and permits.
• There are concerns that the Biden administration will eliminate the 1031 exchanges for high-earning real estate investors.
• Cherry Bekaert said that hotel clients are very interested in new Hospitality Tax Credit.  Hotels can receive significant cash benefits by qualifying for federal research and development tax credits related to expenses associated with implementing COVID-19 health and safety procedures.
• There are some concerns with the impact of PPP Loans as they are seen as taxable income.