1031 Exchange Activity Update

First, I want to wish each and everyone of you a very happy, healthy and prosperous New Year.  I don't know about you, but I am so very ready to say goodbye to 2011 and welcome 2012 with open arms.  It has certainly been a challenging few years. 

Having said that, I thought that I would end the year with a quick update on how we see the 1031 Exchange market place.  So, I will leave you and 2011 with some observations in terms of 1031 Exchange activity and trends:

• 1031 Exchange transaction activity (volume) for 2011 was up by more than 250% compared to the transaction activity for 2010.
• 1031 Exchange transaction cash balances (equity) for 2011 was up by more than 400% compared to the transaction cash balances for 2010.
• The 1031 Exchange transaction pipeline going into 2012 continues to show increased momentum, and we anticipate a 400% increase in 1031 Exchange transaction activity in 2012 over 2011.