Industrial Real Estate Insights #proposition 15

Proposition 15 proposes to remove the Prop 13 protection on commercial properties allowing for annual reassessment and potential drastic property tax increases.

With the possible passage of Proposition 15, would a Sale-Leaseback be good way to avoid paying a large property tax increase? With 1031 exchanges also possibly going away are Opportunity Zones the answer?

We will be voting on Prop 15 in November, if passed your commercial real estate property tax may go up and no longer have Proposition 13 protection.