San Diego, California (PRWEB) January 06, 2015
An increase in real property values, combined with the threat of higher tax rates and greater access to financing, fueled a resurgence in 1031 Exchanges throughout 2014, according to Exeter 1031 Exchange Services, LLC. In fact, tax rates on capital gains increased on January 1, 2014. When the Bush-era tax cuts expired, individual taxpayers with adjusted gross incomes (AGIs) of more than $400,000, and married couples with AGIs of $450,000, were subjected to capital gains tax rates of 20 percent vs. 15 percent of prior years.
“The 1031 Exchange business increased exponentially in 2014, and we grew along with it,” said company founder, William L. Exeter, President and CEO. “We had a record year in 2014. With interest rates as low as they are, we look forward to an even busier 2015.”
Throughout 2014 Exeter 1031 Exchange assembled more talent with exceptional depth and expertise in the 1031 Exchange industry, and added Spanish-speaking capabilities. Elizabeth Harris, a longtime 1031 veteran, was recruited as Assistant Vice President and National Marketing Manager. Elizabeth started her 1031 Exchange career as a marketing executive for TIMCOR Exchange Corporation. Teresa Rodriguez joined Exeter’s 1031 Exchange Administration Group as Assistant Vice President and Senior 1031 Exchange Officer. In addition to her many years of experience, Teresa also brings Spanish language services to Exeter’s clients. Additional personnel were added in the areas of customer service, Exchange Administration, sales, and marketing support.
Exeter 1031 Exchange Services, LLC is a leading national provider of Qualified Intermediary, Exchange Accommodation Title holding, and Advisory Exchange Services for individual, corporate and institutional clients throughout the United States and the world. Exeter administers all types of 1031 Exchange transactions, including Forward, Reverse and Improvement (Build-To-Suit or Construction) 1031 Exchange structures, for real estate, personal property and foreign assets.
Exeter 1031 Exchange Services, LLC currently has national office locations in San Diego, Newport Beach, Fresno, and San Francisco, California, as well as Kona, Hawaii; Chicago, Illinois; East Northport, New York; and Springfield, New Jersey. Contact Exeter 24 hours a day, 7 days a week, 365 days a year.