An exchange accommodation titleholder is a special-purpose entity that holds title to a property during a reverse 1031 exchange — effectively "parking" the replacement property until the relinquished property sells.
EATs are typically LLCs established specifically for a single reverse 1031 exchange. Managed by the qualified intermediary or a specialized accommodator. The EAT holds title for up to 180 days; at exchange completion, the EAT transfers title to the exchanger using relinquished-property sale proceeds.
For LA multifamily reverse 1031 exchangers, the EAT is a required structural element — without it, the reverse exchange doesn't work. Accommodator fees for EAT services run $5,000–$15,000+ for the 180-day parking period.
From the Sterman LA Multifamily Glossary — defined the way a broker with $1.41 billion across 254 closed transactions actually uses these terms.
Michael Sterman, Senior Managing Director Investments, Marcus & Millichap.
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