An Exceptional Exchange Experience, Made Easy. |
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Reverse Exchanges Remain Popular
Alleviating Stress and Maximizing Opportunities
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The real estate market remains very competitive, and the short 45-Day Identification Period creates anxiety for investors contemplating a 1031 exchange. No one wants to sell their old property without being certain you can replace it with something better. In the last year, 1031 CORP. has seen countless transactions fall apart while the Exchanger is waiting to close on their relinquished property. These are scenarios our Exchange Team discuss with Exchangers daily.
The tight real estate market of the last four years has led to more investors opting to eliminate the stress of the 45-Day Identification Requirement by utilizing a reverse exchange. These savvy investors are taking their time to find their perfect replacement property before putting their old property on the market. A reverse exchange takes the pressure off and eliminates the timeclock.
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Webinar
Reverse Exchanges: Maximizing Opportunities
Our Reverse Exchange Experts will discuss when a reverse exchange may be the perfect solution for your situation. From no buyer for your relinquished property, a desire to improve the replacement property or a deal that fell apart, a reverse exchange helps make it easy for you to benefit from a 1031 exchange. Our team will review the structure and its requirements. They will also provide a few tips to keep the process easy.
12:00 Noon Eastern
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Upcoming Webinars
12:00 Noon Eastern
12:00 Noon Eastern
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1031 CORP. provides an easy-to-follow overview of 1031 exchanges and their many benefits. We'll also review the requirements of a successful exchange and the essential role of 1031 CORP. to keep the exchange transaction simple for all parties. |
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The 1031 CORP. Exchanging Thoughts® Blog
Looking for another perspective on 1031 exchanges and the real estate industry?
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Lisabeth Patch Joins 1031 CORP. as Pennsylvania Branch Manager
1031 CORP. Welcomes Lawyer to Manage East Coast Operations
1031 CORP. welcomes the newest member of the 1031 CORP. Team, Lisabeth Patch, to its 1031 exchange operations as Pennsylvania Branch Manager. Patch will facilitate 1031 exchanges, manage the company’s office in Collegeville, Pennsylvania, and oversee client service on the East Coast, supporting the Company’s commitment to provide “an exceptional exchange experience, made easy.”
Lisabeth is responsible for managing operational efficiency, growth and business development, client experience and team development for the Exchange Team based in the Collegeville, Pennsylvania office.
“I am very fortunate to have the opportunity to be a part of the 1031 CORP. team and look forward to helping the Company expand while continuing to provide a superior exchange experience for our customers and advisors,” Lisabeth says.
“Lisabeth, with her extensive experience spanning two decades in various portions of real estate transactions, has been a pivotal figure in our marketplace. Our paths have intersected numerous times. Her operational expertise, unwavering commitment to employee development, impressive growth track record, and deep understanding of the 1031 exchange industry uniquely qualify her to lead our exchange operations in Collegeville. Her contagious enthusiasm is truly inspiring, and I am thrilled to collaborate with her,” says Margo McDonnell, President of 1031 CORP.
Lisabeth comes to 1031 CORP. with 17 years of operational experience in the I.R.C. Section 1031, real estate and title industries, serving previously as a Chief Operating Officer, Partner, and Director of 1031 exchange services. She also has experience in the business development and legal arenas.
Lisabeth holds a Juris Doctor from the Dickinson School of Law at Penn State University, a bachelor’s degree in economics and business administration from Immaculata University, and participated in the Master’s Degree in International Business program at St. Joseph’s University in Philadelphia.
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1031 CORP. Annual Award Winners |
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The 1031 CORP. Team celebrated their wins in 2023. We recognize those team members who showed exceptional commitment to 1031 CORP. culture, values, goals, and clients. |
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2023 Make It Happen Award
The Make It Happen Award recognizes team members who show a dedication to leadership, accomplishing their goals, and overcoming obstacles to meet the challenge.
These team members were selected for their outstanding commitment to achieving results and leadership of their teams.
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Jennifer Edmondson
Branch Manager,
Bend, Oregon
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Marissa LoCascio, CES®
Sr. Vice President,
Chief Compliance Ofc.
1031 CORP.
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Grace Rivera, CES®
Exchange Officer
Vice President,
Reverse 1031 CORP.
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2023 Excellence Award
Cindi Platt-Elliott, CES®
Exchange Officer
The Excellence Award recognizes those who attain excellence through focused pursuit and dedication to providing exceptional service to external and internal customers.
Cindi was selected because of her meticulous work and interactions with clients, and contribution to the success of the Exchange Team.
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2023 Dare to Soar Award
Katie Bromley
Exchange Coordinator
The Dare to Soar Award recognizes a commitment to an excellent attitude and contribution to teammates and Company performance.
Katie was selected because she is always willing to participate in Company business development and helps lead culture-building projects while providing exceptional service to her clients.
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2023 Teamwork Award
Gabbie Durante
Exchange Coordinator
The 2023 Teamwork Award recognizes the ability to work together toward a common vision, providing the fuel that allows common people to attain uncommon results.
Gabbie was selected because she is always willing to step in and help the Exchange Teams, and takes care of team needs with humility and responsibility. She has built trust with coworkers so they feel comfortable coming to her for assistance.
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2023 Bill Cotter Eagle Award
Cait Fling
Human Resources Relationship Manager
The Bill Cotter Eagle Award recognizes a team member who demonstrates dependable and exceptional leadership.
Cait was selected for taking on a new role with positive energy, fresh leadership, and innovative perspective. She fosters a positive environment and encourages ideas and creativity.
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Laura and Grace are Vice Presidents at Reverse 1031 CORP., an affiliate company of 1031 CORP. that handles reverse, parking, and improvement exchanges. |
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Laura K. Markham, Esq.
General Counsel, 1031 CORP.
Vice President, Reverse 1031 CORP.
(866) 388-1031 ext. 234
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Grace Rivera, CES®
Vice President, Reverse 1031 CORP.
Exchange Officer, 1031 CORP.
(800) 828-1031 ext. 219
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In what situations should an Exchanger consider a reverse exchange?
GR: Reverse exchanges are most useful when you need to close on new property before you’ve sold the old property. Sometimes clients want to do a reverse when they are nervous about the timeline or have found the perfect replacement property that they can’t pass up.
Are there cases where reverse exchanges don’t work?
LM: It’s a great tool, but it’s not always the best strategy. Last week, I had a client who put an offer on a replacement property that was contingent on selling their relinquished property. They were nervous that the structure wouldn’t work. But they have plenty of time and a flexible seller, so they can negotiate the terms that accommodate their sale. We recommended a traditional 1031, a forward exchange.
What are the unique benefits of a reverse exchange?
LM: Reverse exchanges are great if you have the perfect property in your pocket—you don’t have to worry that you’ll miss out. We see this with commercial clients, in particular. These properties are often specialized—a big box store, an oil change building, a restaurant in a particular location. These replacement properties are often found first and need to be acquired when the opportunity comes up. Timing is important for them. A reverse exchange can make these exchanges work where a traditional, forward exchange might not work.
Can you give an example of a successful reverse exchange?
GR: A recent exchange had been set up as a traditional 1031—as a forward exchange. The sale and purchase had been scheduled to close within a week of each other. The relinquished property sale fell through. In a forward exchange, this would have doomed the exchange. But we saved the exchange by converting it to a reverse exchange. They acquired the replacement property and then had time to find a new buyer and met the exchange deadlines.
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Poll: Where are you or your clients investing? |
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Please select only one answer. Poll results will be reported next month.
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Single family residential
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Non-real estate real property
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Poll: Is your local region growing or shrinking? |
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Your poll answers from the May issue of Exchanging Times®.
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Serving as a nationwide Qualified Intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide an exceptional exchange experience made easy for our clients and their advisors. We provide our clients with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our clients and their advisors. Our Exchange Team, which includes Certified Exchange Specialists®, has the experience and expertise to facilitate even the most complex exchange transactions, including reverse and improvement exchanges.
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