Save taxes and maximize reinvestment of capital with a 1031 Exchange
Kelly Alton, General Counsel of NES Financial, recently published an article in the New York Real Estate Journal discussing 1031 exchanges in the emerging real estate market. View the digital edition of the journal.
NES Financial works with REITs and real estate investors to optimize diversify and grow their real estate portfolios by deferring taxes on property sales. Exchange funds are held in highly secure, liquid escrow or trust accounts with top-tier banking partners that have been vetted for sound practices and solid capital reserves.
As a leading Qualified Intermediary (QI), NES Financial offers an unsurpassed level of expertise and experience in conducting smooth and secure Forward Exchanges and works closely with clients and their advisers through every stage of the exchange. NES Financial’s comprehensive services include:
- Opening a new exchange account and working closely with clients and their advisers through every stage of the exchange
- Establishing a Qualified Escrow or Qualified Trust account to hold and protect the proceeds from the sale of the relinquished property
- Assisting with timely notifications of deadlines
- Persistent digital archive of executed exchange documentation
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For more information on 1031 exchanges get our 1031 Exchange Solution kit.
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About the Author
Reid is responsible for global sales and marketing at NES Financial. He brings over 20 years of experience in sales and marketing at both private and public companies, and has held executive sales and marketing positions at other high growth Silicon Valley companies including Sylantro Systems, an industry pioneer in Voice Over IP, VINA Technologies, where he significantly increased the company’s revenues and market share leading to a successful IPO in 2000, and Octel Communications, which was acquired by Lucent Technologies. Most recently Reid served as SVP of Global Sales at Laszlo Systems, a global leader and pioneer in Rich Internet Applications. He holds a degree in Electrical Engineering from Queen’s University at Kingston, Ontario.
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