March 2021
GAC Update - March 2021
2020 Ling & Petrova Microeconomic Impact Study Complete; EY Study Nearing Completion
 
The updated 2020 microeconomic impact study by Professors David Ling and Milena Petrova is available for viewing. The work is a result of a year-long effort by FEA and members of the real estate 1031 coalition to produce updated versions of the groundbreaking research that Professors Ling & Petrova conducted on like-kind exchanges in 2015. The EY Study is still in process, but nearing completion. The combined findings of both studies will be powerful tools to inform and validate our arguments in favor of preserving Section 1031, and represent money well spent by the FEA. 
FEA and Real Estate Coalition Send Letters to Treasury Secretary, Congressional Tax Writers About Importance of Section 1031
On March 16, FEA joined 30 members of the Real Estate Coalition in sending letters to U.S. Treasury Secretary Janet Yellen and to the chairmen, ranking members and chief counsels of Senate Finance Committee and House Ways & Means Committee, extolling the importance of Section 1031 exchanges to the U.S. economy.
 
The coalition represents national real estate, housing, environmental, farming, ranching, forestry, conservation, and financial services related organizations. The coalition letters hit on all the major talking points and highlight the various benefits of like-kind exchanges. 
 
 
The GAC leadership has spent considerable time working with our coalition partners to achieve such enormous support by our coalition partners in co-signing and sending these letters. Our partners are fully engaged to work with us to preserve Section 1031 as the initiatives of this new Congress unfold. 
Recent FEA 1031 PAC Fundraisers
February 2021

  • Sen. Chuck Schumer (D-NY), Feb. 18 from 5-6pm ET - FEA contributed $5,000 to joint event attended by two FEA representatives.
  • Sen. Maggie Hassan (D-NH), Tuesday, Feb. 23, 5:15-6pm ET - $10,000
Welcome New Members
Platform Ventures
Fairway, KS (Affiliate)
Affiliate Spotlight
Axos Bank
4350 LaJolla Village Drive #140
San Diego, CA 92122
(858) 732-1381
Mercer Consulting, LLC
21940 Minnetonka Blvd
Excelsior, Minnesota 55331
815-550-8813
Affiliates First!
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

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

Enterprise Bank & Trust
(760) 550-2030

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

Mercer 1031 Consulting, LLC
(866) 773-1031

Millwork Commercial
(801) 899-1943

Montego Minerals
(940) 395-4750

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

Platform Ventures
(803) 464-4263

Realized Holdings LLC
(512) 827-3651

Robbins May & Rich, LLP
(910) 692-4900

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
From the FEA Executive Director's Desk
It is with great sadness that we share the loss of one of FEA’s affiliate members and greatest supporters Peter Douros with Customers Bank, CB Private & Commercial Banking – NY. Cards of condolences may be sent to:

Douros Family
c/o Customers Bank
Attn: Gene Kennedy
102 South Ridge Street
Rye Brook, NY 10573

Job Postings
Job postings are intended as a service to our members by allowing companies to post employment opportunities for 90 days. Check out these newest job postings in the Members Center.

Did You Know?
What has FEA done for you lately? Take a look at “FEA by the Numbers” an infographic on all FEA’s accomplishments in 2020
Listen to the April 1 GAC Webinar 
Did you miss the April 1, 2021 at 12:00 p.m. Eastern for a complimentary 30-minute webinar, Economic Benefits of Section 1031 and Update from the Hill presented by Dave Franasiak, FEA Lobbyist, Williams & Jenson PLLC and Suzanne Goldstein Baker, Esq., CES®, Executive Vice President and General Counsel, Investment Property Exchange Services, Inc. (IPX1031®)?

David Franasiak, of Williams & Jensen, our Federal lobbyist and counsel, reported on 1) the latest activity on Capitol Hill, 2) his valuable insights as to present and future threats to Section 1031, and 3) FEA and coalition partners’ efforts and strategy to preserve Sec. 1031.  GAC co-chair, Suzanne Goldstein Baker, reported the conclusions of 1031 benefits as quantified by two recently updated, powerful economic impact studies by Professors Ling and Petrova and by EY, both of which were partially underwritten by FEA.

Click here for the link. Passcode: ^+9jJ+Mv
Register for the 1031 - Beyond the Basics Webinar Series
The Webinar Series is intended for those familiar with the basics of like-kind exchanges who seek a sounder grounding in the details. 

Tuesday, April 27, 2021 - Final 1031 Regulations (Post TCJA)  
Speaker: James Miller, Esq., Senior Vice President and Western Operations Counsel, IPX1031® 

Wednesday, May 12, 2021 - Treas. Reg. 1.1031(k)-1 – Treatment of Deferred Exchanges, Line-by-Line Part 1  
Wednesday, May 19, 2021 - Treas. Reg. 1.1031(k)-1 – Treatment of Deferred Exchanges, Line-by-Line Part 2  
Wednesday, June 2, 2021 - Treas. Reg. 1.1031(k)-1 – Treatment of Deferred Exchanges, Line-by-Line Part 3  
Wednesday, June 16, 2021 - Treas. Reg. 1.1031(k)-1 – Treatment of Deferred Exchanges, Line-by-Line Part 4  

Speaker: Lee David Medinets, Esq., CES®, Senior Counsel, Madison Exchange, LLC 

Wednesday, July 21, 2021 – Related Party Issues in a 1031 exchange – an in-depth look  
Speaker: Carol A. Hayden, Esq., CES®, Executive Vice President, Investors Title Exchange Corporation 

Each webinar is $39.00 (FEA member) / $59.00 (potential FEA member) 
Registration coming soon. 

One (1) CES® credit hour is awarded for attending each of the April 27-July 21 webinars. Attorney’s looking for CLE credit should consult with their state bars to see if the webinars qualify. 

Questions? Contact Denise Hoffman, CMP, Meetings@1031.org (515) 334-1049
1031 Boot Camp & 1031 Reverse Boot Camp Recordings Available for Purchase
Expand your knowledge of the 1031 industry through our two online offerings – 1031 Boot Camp and 1031 Reverse Exchange Boot Camp. Both three-hour sessions were recorded at the 2020 FEA Virtual Annual Conference. Unlimited access to the recordings and supporting materials can be purchased here Videos-on-Demand (1031.org)

1031 Boot Camp
Hugh Pollard, CES®, Senior Vice-President, Investment Property Exchange Services, Inc. (IPX1031®)
Are you relatively new to the Qualified Intermediary business? Have questions about constructive receipt and actual receipt of funds? Join us for an immersive 1031 Boot Camp led by industry veteran Hugh Pollard, you are sure to have all your questions answered.

Reverse Exchange Boot Camp
Martin S. Edwards, JD, CES®, Managing Director, Accruit, LLC
Jordan A. Born, JD, LL.M.
Whether you have been facilitating reverse exchanges since long before Rev. Proc. 2000-37 was issued, or you are just thinking about offering this service to your clients, do not miss comprehensive overview of reverse exchanges, related property parking transactions, combining forward and reverse exchanges and the technicalities and practicalities.
In the Safest Way Possible
Join us in Chicago at the FEA Annual Conference in person! Special attention is being given to health and safety.
 
  1. Partnership with The Palmer House
  • Food safety
  • Best practices to assist in physical distancing.
  • Health and safety reminder postings
  1. Attendee’s personal accountability commitment, disclaimers, and cancellation policies
  2. Stay Healthy and Safe
 
Click here for information to assist you with budgeting.
 
Sponsorships are available. To learn how FEA can help you reach your 2021 goals, contact Denise Hoffman meetings@1031.org.
 
As always, FEA continues to monitor the health situation in Chicago.
 
We are very much looking forward to seeing you Chicago! Conference questions may be directed to Denise Hoffman meetings@1031.org.
 
FEA Annual Conference
1031 – A Century of Growth 
September 22–24, 2021
The Palmer House Hilton
17 East Monroe Street
Chicago, Illinois
#like-kindcelebrates100yrs
FEA Midyear Washington, DC Meeting – Cancelled
The FEA Midyear meeting, originally scheduled for April 2020, postponed and re-scheduled for May 2021 in Washington, DC has been cancelled. The FEA Government Affairs Committee Co-Chairs, along with FEA’s lobbyist, David Franasiak, Williams and Jensen, LLP remain committed to conducting virtual fundraisers. We are fortunate that the Melrose Hotel DC was supportive of this decision.
New Threats to Section 1031 Like-Kind Exchanges
1031 PAC
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.
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