About
Full Service Exchange Firm
Since 1980, the affiliates of 1031 Strategies & Services Group have been providing clients with the most extensive planning and strategies in the complex field of section 1031 tax-deferred exchanges. Independent Exchange Services, Inc. and Reverse Exchange Services, Inc. provide clients with guidance throughout every step in the exchange process.
Independent Exchange Services, Inc. and Reverse Exchange Services, Inc. provide IRS Section 1031 exchange services—essentially a deferral of capital gains taxes from the exchange of investment properties—for real estate investors throughout the United States and Internationally. The company acts as a third party, qualified intermediary for various types of exchanges, including delayed, simultaneous, reverse, built-to-suit and international.
The company operates as part of the 1031 Strategies & Services Group. It’s a boutique exchange firm, which means it doesn’t handle thousands of transactions a year and is able to take a personalized approach to dealing with its clients.
Exchange Benefits
- Defer Capital Gains
- Exchange from a good property to a great property
- Allow for better estate planning
- Provide greater flexibility with real estate investments
- Develop a diversified portfolio
Exchange Types
Our services

Independent Exchange Services, Inc.
IES has been acting as an independent, third-party corporate Qualified Intermediary to facilitate exchanges under Section 1031 of the Internal Revenue Code.

Reverse Exchange Services, Inc.
RES provides "reverse" tax deferred exchanges that gives you control over the replacement property before you dispose of the relinquished property.
Executive Staff

Ralph B. Bunje, Jr.
CES®, CPA (inactive), MBA (Tax),
MS (Accounting),

Billie Sue Records
CES®
Billie Sue has an extensive professional career that has included 13 years working for a California farming organization where she worked in operational and management roles, including commercial real estate development, real estate investment, along with numerous varied farming operations. Billie Sue spent 20 years working for Walton Enterprises in Bentonville, Arkansas. In addition to accounting, she presided over (Not Wal-Mart) their varied real estate investments and real estate development projects. She also managed many of their philanthropic and legislative endeavors. In 2007, she designed a new Qualified Intermediary Department within Mission Bank in Bakersfield, CA, her hometown. She has facilitated all types and variations of 1031 Exchanges, including reverse construction exchanges.

Ian Bunje
CES®
Ian has coordinated and facilitated Section 1031 exchanges for more than two decades, and is responsible for the investment oversight of over $300 million of assets under the Group’s management. He is a Certified Exchange Specialist (CES®) and is currently on the Board of Directors of the Federation of Exchange Accommodators (FEA) the exchange industry’s governing body. Ian served previously as a Regional Vice President for the FEA, and a as Council Member of the Certified Exchange Specialist (CES®) which over sees the certification of the exchange community. He holds a BS degree from Willamette University, Oregon, and a Culinary Arts degree from the California Culinary Academy.

Kris Champion Morton
Kris has excelled in many administrative roles for over 20 years with our Group and is now leading our administrative efforts to provide our clients with the best practices and process experience in completing their 1031 exchange.

Frank Nishimoto
CPA
Frank has had an extensive career in financial management. Spending 20+ years as the controller of a division of the Clorox corporation. Frank manages the financial accountability of all 1031 client funds. Frank holds a degree in accounting from University of Redlands and a graduate degree from UCLA.

Jeff Lowenstein
Jeff has been a successful entrepreneur for over 20 years with experience starting, managing and operating over 10 businesses. Jeff brings his skills of business operations, data security and information compliance to insure our 1031 clients achieve successful results with their exchanges. Jeff holds a BS in Economics and a Minor concentration in Business Administration from Santa Clara University.