LO.4 Cherie held vacant land that qualified as an investment asset. She purchased the vacant land on April 10, 2008. She exchanged the vacant land for an apartment building in a qualifying like-kind exchange on January 22, 2012. Cherie was going to hold the apartment building for several years and then sell it. However, she got an ‘’offer she could not refuse’’ and sold it on November 22, 2012, for a substantial gain. What was Cherie’s holding period for the apartment building?