Annual Virtual Conference 2020
|
|
Thank You to Our Sponsors! |
|
Meet Your New President, Julie Baird |
Julie Baird is Vice President, Counsel, and Western Regional Manager for First American Exchange Company. Julie has served as National Underwriting Counsel for First American Title Company in the San Francisco NCS office and as National Counsel for First American Exchange Company, where she has been involved in all phases of 1031 exchange transactions including negotiation of documentation; management and oversight of reverse and build to suit exchange transactions; and the facilitation of underwriting decisions. |
|
|
Comments Shared by Outgoing President Scott Saunders |
Although 2020 has been a year with many unforeseen challenges in many areas, I’m thankful for the opportunity to work alongside so many top caliber 1031 professionals in the FEA. |
|
|
Board of Directors Elects New Members and Officers |
The 2019-2020 officers elected by the board are as follows:
President: Julie Baird, JD, First American Exchange Company, Denver, CO
President-Elect: Jeff Peterson, CPEC1031, LLC, Minneapolis, MN Secretary/Treasurer: James Miller Esq., IPX1031®, Chandler, AZ
Past President: Scott Saunders, Asset Preservation Inc., Palmer Lake, CO
The Nominating Committee made up of Mike Anderson, Chair, Bill Horan, Julie Baird, Scott Saunders and Lynn Harkin offered for consideration the following members for a second three-year terms beginning October 2020 and expiring in 2023:
Julie Baird, JD, First American Exchange Company
James Miller, Esq; IPX1031
Toija Beutler, Esq; Beutler Exchange Group, LLC
Stephen A. Wayner, Liberty 1031, LLC
and starting his first three-year term as a new board member is Tom Gustafson, Atlas 1031 Exchange LLC
The membership has voted and all five of the candidates were elected. Members may read full bios and photos of all new board members here. |
|
|
FEA Recognizes Retiring Board Member |
William “Bill” Horan, Realty Exchange Corporation, Gainesville, Virginia is stepping down as a board director. Bill was appointed to the board in 2009 and started making on immediate impact on the board and FEA. He has served on the following committees: government affairs, finance, FEA 1031 PAC (served as chair), nominations, and the executive committee. He is a past president of FEA.
|
|
|
45 and 180 Day Extensions for Disaster Areas in Alabama and Oregon |
The IRS has issued extensions as follows:
Alabama: Baldwin, Escambia, and Mobile counties for hurricane on September 14, 2020.
Oregon: Clackamas, Douglas, Jackson, Klamath, Lane, Lincoln, Linn and Marion counties for wildfires that began on September 7, 2020.
Listed counties are the “Covered Disaster Area”. [Please check the IRS disaster website periodically at the address listed below for updates because the FEA does not send out notices for each disaster or for counties added to ongoing disaster extensions.]
|
|
|
FEA Government Affairs Committee Leaders Invite You to Zoom Webinar |
When: Oct 7, 2020 12:00 PM Central Time (US and Canada)
Topic: Call to Action: FEA 1031 PAC Update
Register in advance for this webinar:
Everybody is asking, “What can I do to help save Section 1031 LKE?” Here’s a great start - David Franasiak, partner with Williams & Jensen, and FEA GAC Co-Chairs will provide an update on FEA's virtual fundraising strategy, current FEA 1031 PAC goals, and how FEA members can help preserve Section 1031.
|
|
|
GAC Update - September 2020 |
Since the Tax Policy Center published an analysis of former Vice President Joe Biden’s tax proposals in March, which determined that elimination of Section 1031 was part of his campaign plan to raise taxes on the real estate industry, FEA GAC has been working diligently to influence the campaign and preserve Section 1031.
GAC members have virtually met with multiple key members of Congress, coordinated the update of economic studies with members of the real estate 1031 coalition, and are preparing for a grassroots campaign, along with a renewed campaign to raise needed funds for the FEA 1031 PAC.
|
|
|
Save the Date - Chicago, IL 2021 |
Mark your calendar for the 2021 FEA Annual Conference, September 22–24, 2021 at The Palmer House Hilton, Chicago, Illinois. |
|
|
Introducing Amplify Association Management Expanding the Legacy of AML |
Association Management, LTD (AML) is expanding its 40-year legacy of management services with a new brand: Amplify Association Management. Amplify is an accredited association management company (AMC) that elevates the impact of associations. The Ankeny-based firm specializes in full-service management for professional and trade associations, including the Federation of Exchange Accommodators. AML has proudly served as the association management partner of FEA since 2013. |
|
|
FEA thanks our Affiliate Members for their support of our FEA members and the 1031 exchange industry. In return, FEA members are encouraged to support our Affiliate Members. |
|
|
1031 Investment Services LLC
(845) 534-6818
Alma Bank
(718) 663-5335
Axos Bank
(858) 732-1381
BankUnited
(914) 305-9428
Budget Mortgage Corp.
(410) 458-5747
Capital One
(631) 304-3061
Capital Square 1031
(804) 290-7900 Ext 132
Clark Wealth Strategies, Inc.
(402) 504-3531
Colorado Financial Service Corporation
(303) 962-7267
Customers Bank, CB Private & Commercial BKNG-NY
(212) 843-2488
Effective 1031 Planning
(888) 251-3004
ExchangeRight Real Estate, LLC
(855) 317-4448
First Foundation Bank
(949) 468-8559
Four Spring Capital Trust
(732) 749-7339
Independent Financial
(469) 301-2791
Inland Real Estate Group
(630) 218-4953
Kay Properties & Investments, LLC
(310) 404-7297
Lockton Insurance Brokers, LLC
(415) 568-4106
Luther Burbank Savings
(858) 436-1830
|
|
Meltzer, Lippe, Goldstein & Breitstone, LLP
(516) 747-0300
Millwork Commercial
(801) 899-1943
MNM Partners, LLC
(408) 221-3077
MUFG Union Bank, N.A.
(312) 601-3956
Nano Banc
(858) 880-5900
NexTrend Securities Inc.
(972) 661-1283
Northern Bank and Trust
(781) 569-1852
Passco Companies, LLC
(949) 263-7904
Peregrine 1031 Energy Partners
(214) 483-1997
Realized Holdings LLC
(512) 827-3651
Robbins May & Rich, LLP
(910) 692-4900
Seacoast Commerce Bank
(760) 550-2030
Signature Bank
(646) 822-1946
Stan Johnson Company
(646) 778-5560
Syndicated Equities
(312) 640-9028
Tangible Wealth Solutions
(720) 996-1794
TriState Capital Bank
(412) 304-0464
Umpqua Bank
(818) 254-3492
Wilmington Trust
(302) 636-6019
|
|
|
From the FEA Executive Director's Desk |
|
|
FEA members have been a powerful force this past year in a wide variety of support:
- FEA had 29 companies give an additional member contribution in 2020 – in addition to their annual dues’ renewal - totally $142,000.
- There are 27 people who gave to the FEA 1031 PAC so far in 2020 totally $43,000 and 28 candidate contributions totally $57,000 made.
- Other members have volunteered their talent by speaking at this conference or providing webinars – sharing their knowledge with others.
- Many of you serve on committees, assisting in the behind the scenes work of the association.
- Others help with new member recruitment and we invite everyone to bring in one new member in 2020.
- Our affiliate members support the FEA thru tremendous financial support and their sponsorships at FEA events.
- And several companies have taken it upon themselves to extend the strong voice of the FEA messaging by communicating through their own websites, newsletters, and local publication articles.
- Our members attend in-district meetings, write letters to Congress, and educate their client base to keep the 1031 exchange alive and intact.
- It isn’t always money that matters. We are grateful for anything you’ve done and continue to do.
Thank you for allowing Amplify Association Management (FKA AML) to partner with you and as you know, it’s not just me here, but an entire team of folks who support FEA back at Headquarters office. Kelly Kipping is the Membership/Database manager; Darcy Watson, IT Director, Donna Donovan is CFO, Kirk Leeds, CEO of the parent company, Iowa Soybean Association, our Administrative team and FEA’s outstanding meeting planner, Denise Hoffman.
It’s an honor and a pleasure to work with FEA. We look forward to a great 2021.
|
|
|
New Threats to Section 1031 Like-Kind Exchanges |
|
The FEA 1031PAC contributes to Members of Congress of both political parties. The FEA 1031PAC is funded by eligible individual employees. To become eligible, individuals must be employed by FEA member companies that have filed a Permission to Solicit form. A Permission to Solicit form is required by the Federal Election Commission before FEA can solicit eligible employees of member companies.
Member companies are only permitted to grant one trade association permission to solicit their employees per calendar year. Contact Lynn Harkin at director@1031.org for more information.
FEA Member Key Contacts can find a Permission to Solicit Form here.
|
|
Federation of Exchange Accommodators
|
|
|
|
|
|
|
|
