NES Financial Introduces Purpose-Built 1031 DST Administration Solution

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New application of award-winning financial administration platform designed for Delaware Statutory Trust managers and their 1031 exchange investors

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As an industry leader in both 1031 QI services and technology-enabled fund administration, NES Financial is uniquely positioned to serve real estate–focused Delaware Statutory Trusts and their investors.

Specialty financial administrator NES Financial announced that it has added a new, purpose-built fund administration service to its current lineup of EB-5, 1031 exchange, private equity and Opportunity Zones offerings. The DST Administration Solution leverages NES Financial’s award-winning eSTAC® administration technology to provide maximum security, transparency and compliance to Section 1031 Delaware Statutory Trust (DST) managers and their clients.

1031 exchanges enable investors to reduce or eliminate taxes on the sale of business or investment real estate. If buying one property and purchasing a “like-kind” replacement property within 180 days of the sale, structuring these two transactions as a Section 1031 exchange can enable the investor to avoid capital gains tax and depreciation recapture tax. NES Financial is a longtime leader in the 1031 space, with more than 25 years’ experience facilitating exchanges.

Recently, a growing number of 1031 exchangers have recognized the advantages of buying a percentage interest in a DST owning real estate — rather than all of a single real property — as a way to complete their 1031 exchange. This is often used as a way to upgrade the quality of the exchanger’s property investment, while turning over active management to the DST manager.

For DST managers, the new 1031 DST Administration Solution offers the same secure, technology-enabled fund administration for which NES Financial is known in other financial industries, and it also gives the DST’s investors the highest levels of security, transparency and compliance in addition to ready access to the company’s 1031 Qualified Intermediary (QI) services.

“As an industry leader in both 1031 QI services and technology-enabled fund administration, NES Financial is uniquely positioned to serve real estate–focused Delaware Statutory Trusts and their investors,” said Michael Halloran, NES Financial Chairman and CEO. “For our DST clients, we facilitate 1031 exchanges both into and out of the DST, and we improve the efficiency for the DST Sponsors by handling all the reporting, distributions, and analytics in between.”

For additional information about NES Financial’s 1031 DST Administration services, please visit their website.

About NES Financial
NES Financial is a specialty financial administrator which serves sectors characterized by high administrative complexity, increased transaction security needs, and challenging regulatory compliance requirements. The company’s purpose-built solutions streamline the administrative processes of these markets — simplifying specialized financial transactions, curtailing fraud and abuse and helping ensure the utmost in security, transparency and regulatory compliance through each step of an investment’s life cycle.

NES Financial, recognized on the San Francisco Business Times’ top Bay Area fintech list, has defined industry best practices in each of the markets it serves — from 1031 exchanges and EB-5 visa funding, to private equity and the landmark Opportunity Zones program. NES Financial services more than 300 funds, administers over $20B annually, and has worked with more than 700 EB-5 projects. For more information, visit nesfinancial.com.

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