The situation
An exchanger needed a like-kind replacement that could be identified and closed inside the 45- and 180-day windows. The target was stabilized, professionally managed self-storage in a supply-constrained Northeast corridor — Westchester County, about 25 miles north of midtown Manhattan.
What Hartley did
- Sourced Jefferson Valley Self Storage (621 Bank Rd, Jefferson Valley, NY)
- Structured a direct real-property interest suitable for like-kind exchange treatment
- Coordinated identification language and closing timing with the exchanger’s QI
- Partnered with Horizon Storage Group for day-to-day operations
The property
- Type
- Stabilized self-storage
- Size
- 405 units · 55,311 rentable square feet
- Market
- Jefferson Valley / Westchester County, NY
- Ops partner
- Horizon Storage Group
Outcome
The exchange closed into Jefferson Valley. The asset is a real operating property with professional management — the kind of replacement exchangers can explain cleanly to a QI and CPA.