National 1031 Exchange Service, LLC ("National 1031") specializes solely in facilitating tax deferred exchanges as a Qualified Intermediary under Section 1031 of the Internal Revenue Code. National 1031 will facilitate the exchange of any type of business and investment property, including real estate, aircraft, vehicles, equipment, mineral rights, franchises and intellectual property.

National 1031 has the ability, expertise and willingness to work with Exchangors to accommodate all types of exchanges, including typical delayed and simultaneous forward exchanges. In addition, National 1031 is very experienced in accommodating special exchange transactions, such as "title holding" and "improvement" exchanges, and is one of the few intermediaries who is structuring reverse and improvement exchanges under either the "safe harbor" IRS procedure, or the more general principals established by legal and tax precedent. National 1031 has structured numerous title holding and improvement exchanges throughout the United States, and is called upon frequently by attorneys, accountants and real estate professionals to structure and execute these complicated types of exchanges.

National 1031 facilitates exchanges anywhere in the United States and U.S. Virgin Islands, and can easily coordinate with any title company, closing escrow company, attorney, broker, or other closing agent to set up and execute an exchange. From its principal office in Boulder, Colorado, National 1031 can handle exchanges in all time zones with a minimum of inconvenience to the parties involved.

The principal and founder of National 1031, Andrew G. Ogden, is a tax, real estate and business attorney, and with approximately twenty years of experience handling 1031 exchanges. The Exchange Manager and co-principal of National 1031, Janese E. Patterson, brings over six years experience in processing and managing 1031 exchanges, in addition to her paralegal and accounting background. Prospective Exchangors and their advisors can consult directly with Andrew and Janese to discuss specific situations and develop exchange strategies. After an exchange has begun, as Exchange Manager, Janese will supervise National 1031's staff in the preparation of the necessary exchange documents, coordination with realtors, title companies and other closing agents, and the tracking of each transaction through the exchange process. Both Andrew and Janese will always be available to discuss with clients any issues that may arise as the exchange progresses, and to ensure compliance with the technical requirements of Section 1031, the I.R.S. Regulations and relevant rulings, case law and other precedent.

The security of funds and property held by the Qualified Intermediary in an exchange is always of primary importance to all Exchangors and their advisors. The principals of National 1031 have already handled thousands of successful exchanges involving properties valued in the hundreds of millions of dollars per year. Further, National 1031 and each of its regional affiliates are bonded by the CNA Insurance Companies to a limit of $500,000 per occurrence. This Fidelity Bond insures National 1031's clients against loss from dishonest acts such as embezzlement, fraud and theft. In addition to the internal controls required by the Fidelity Bond underwriter, National 1031's procedures for the handling of client funds ensure the greatest degree of both safety and confidentiality. Finally, all funds held by National 1031 are fully deposit insured by a combination of FDIC, SPIC and private insurance coverages.

National 1031 is a member in good standing of the Federation Of Exchange Accommodators, the most respected industry association of Qualified Intermediaries, tax advisors and other exchange professionals. As a member, National 1031 adheres to the strict FEA Code of Ethics, giving further assurance all exchanges are handled according to the highest standards of professionalism and honesty.

National 1031 offers a unique combination of technical expertise, personal attention, security and value for investors seeking a Qualified Intermediary to facilitate the exchange of their real estate or other business and investment properties. Because National 1031 specializes only in accommodating tax deferred exchanges as a Qualified Intermediary, it can and does provide the highest quality of service and greatest personal attention to each investor's exchange transaction. Investors, tax advisors and real estate professionals find working with National 1031 to be professional, personal and efficient, resulting in confidence that their or their client's exchange is being handled correctly, and with the care and attention it deserves.

We invite all investors and their advisors to contact National 1031 for further information and with any questions you may have regarding how an 1031 exchange may be beneficial in your specific situation.