I got started in the 1031 exchange space in 1990 with a tax law firm in Oakland, California. That's where I learned about the exchanging process from a former IRS attorney.
In 2005, together with Stan Freeman and Mike Halloran, I co-Founded Nationwide Exchange Servives, or NES. We developed a proprietary processing platform to create some document generation efficiency, added a polished web presence courtesy of a world class PR firm, and integrated a brand new marketing approach known as Google Adwords, to become the industry leader in 1031 exchanging.
I left NES and began a new effort consulting for banks who were interested in utilizing Section 1031 to provide a new banking service while identifying new high net worth clients and driving deposits through the creation of an inside of the bank Qualified Intermediary.
In 2018, after a few other lunches with Dean Senner, a well known tech CEO in Silicon Valley, we decided to create Fyntex, where we could start with a clean sheet of paper and build both the processing platform and the Exchanger experience that the exchange industry desparately needed.
The result was an end to end facilitation platform that provided unprecedented personal and transactional data security, Exchanger visibility, processing efficiencies, and a funds security regimen that is the safest in the industry. It took a while to build, but once it was ready, we added some incredibly gifted personnel from other QIs to drive the effort, and based upon client feedback, Fyntex was and is still definitely changing the Exchanger experience.
In April 2025, at the request of several Delaware Statutory Trust sponsors in the institutional 1031 and UPREIT space, I was asked to create an institutionally oriented Qualified Intermediary that could deliver exchange processing at scale for investors and Exchangers coming out of Delalware Statuory Trust portfolios once they went full life cycle. The result is Institutional 1031 Corp., the first effort to streamnline the interaction between tradition escrow and settlement companies, the investment sponsors and providers, and an individual real estate inbvestor or Exchanger who simply wants to transition easily from one portfolio investment to another as easily as possible.
Attorneys 1031 came along at the insistance of Stu Rosenbaum, who was insistent upon creating a similar facilitation capability and Exchanger experience for the Closing Attorney and independent title community in the non escrow states across the country.
