Client owned substantially appreciated real property (vacant land) and received a generous offer but was reluctant to sell due to the taxes she would incur on the sale. Client was also nearing retirement and wanted to generate additional income. By using a like kind exchange both of her goals were met. The like kind exchange rules allowed her to sell the vacant land using an intermediary and reinvest the proceeds into commercial rental property which generated a steady income for her. It was a win win result for the client.