Meet the exchange practice behind IES and RES, and learn how the team coordinates property transactions with owners and their advisors.
Independent Exchange Services, Inc. was established in 1980.
1031 Strategies & Services Group brings together Independent Exchange Services, Inc. and Reverse Exchange Services, Inc. The practice focuses on exchange administration and the coordination needed around a property's sale, purchase, or improvement.
IES acts as Qualified Intermediary, preparing exchange agreements and assignments and coordinating proceeds. RES handles reverse-exchange titleholding arrangements when property needs to be acquired before the ordinary sale-first sequence can be completed.
Whether the transaction is straightforward or involves more complicated ownership, financing, or construction, the work starts with the actual contracts, dates, and people involved. Your tax advisor and attorney remain responsible for tax and legal conclusions.
Section 1031 transactions depend on timing, documentation, funds flow, and coordination among multiple professionals. The firm's role is to help investors and their advisors identify the correct exchange structure, keep exchange proceeds inside the exchange process, monitor key deadlines, and communicate clearly with escrow, title, lending, brokerage, tax, and legal teams.
The group works with real estate investors, business owners, trustees, family offices, agricultural property owners, commercial property owners, and professional advisors who need focused Section 1031 support. Engagements may involve a straightforward delayed exchange, a replacement-property-first reverse exchange, a construction or improvement exchange, or a transaction that requires careful review because ownership, financing, or closing sequence is complex.
The firm supports several core Section 1031 transaction categories.
| Simultaneous Tax Deferred Exchange | In this transaction, the closing of both Phase I and Phase II occur simultaneously. Because timing, lenders, locations, and document pressure can complicate the transaction, simultaneous exchanges are rarely used. Even when a client expects a simultaneous closing, using a qualified intermediary can provide a useful safety net. |
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| Delayed Tax Deferred Exchange | The sale of the relinquished property happens first, and the closing of the replacement property is delayed to a later date. This transaction was sanctioned by the 1984 Tax Act, which imposed requirements for the Qualified Intermediary, the 45-day Identification Period, and the 180-day Exchange Period. |
| Reverse Exchange | The chronological order is reversed. The replacement property is acquired first, then the relinquished property is sold. Reverse Exchange Services, Inc. provides the Exchange Accommodation Titleholder structure that can hold title during the parking period. |
Professional, pragmatic, deal-specific solutions.
IES acts as an independent, third-party corporate Qualified Intermediary for investors selling relinquished property and reinvesting through delayed, simultaneous, improvement, or related exchange structures.
Read about IES
RES structures reverse and improvement exchanges when replacement property, construction timing, financing, or entity planning requires property to be parked before the ordinary sale-first sequence can be completed.
Read about RES
Independent Exchange Services, Inc. focuses entirely on Section 1031 exchanges, giving clients a specialized team rather than a general transaction desk.
Meet the staffMore than 100 years of combined exchange experience.
Role: Chairman. Credentials: Certified Exchange Specialist, inactive Certified Public Accountant, Master of Business Administration in Tax, and Master of Science in Accounting.
Ralph started work on Section 1031 matters in 1978. He was a founder of Independent Exchange Services, Inc. in 1980.
His work includes accounting, tax matters, real estate finance, exchange planning, and organization development.
Ralph is a past president and former director of the Federation of Exchange Accommodators. He also serves as a leader of Reverse Exchange Services, Inc.
Role: President. Credential: Certified Exchange Specialist.
Ian has coordinated Section 1031 exchanges for more than two decades. He helps lead the exchange-services group.
Ian has served in leadership roles with the Federation of Exchange Accommodators and the Certified Exchange Specialist Council.
Role: Principal.
Kris has more than 20 years of administrative experience with the group. She leads administrative work for the exchange process.
Role: Vice President and Comptroller. Credential: Certified Public Accountant.
Frank has experience in financial management. His prior work includes more than 20 years as a division controller for Clorox.
Frank manages financial accountability for client exchange funds.
Role: Principal. Credential: Certified Exchange Specialist.
Jeff has more than 20 years of business-operations experience. His work includes company management, data security, and information compliance.
