Tax adjustment of value upon inheritance.

Planning property transfer to heirs efficiently.

Sometimes, depending on tax and legal strategy.

Structuring ownership to reduce liability risk.

Using borrowed capital to control larger assets.

It often increases rents and replacement costs.

Increasing value through improvements or rezoning.

Rarely. Long-term fundamentals matter more.

Longer holds often reduce risk and increase appreciation.

Expansion, peak, contraction, and recovery phases.