1031 Exchange Options Appoints Adam James and Eric Allen as Replacement Property Specialists; To Provide Investment Consulting Services in Orange County and Southern California Region.

Business Editors

LAFAYETTE, Calif.--(BUSINESS WIRE)--Feb. 11, 2004

1031 Exchange Options, a leading investment Consultancy for investors looking to convert investment property holdings into a "Tenancy-In-Common" (TIC) investment utilizing a 1031 exchange, announced today the designation of two Replacement Property Specialist(sm) for Orange County, Calif. Adam James and Eric Allen are responsible for consulting clients in Orange County and the Southern California region, educating them on the value and tax savings benefits of 1031 exchanges and to match client needs and desires with appropriate TIC, or co-ownership of real estate (CORE), investment opportunities.

Prior to joining 1031 Exchange Options, James was President for Rx Count Corporation, a manufacturer for prescription counting machines located in Gardena, Calif. Subsequent to Allen's appointment at 1031 Exchange Options, he was a Senior Loan Officer for GMAC Mortgage Corporation, a mortgage firm located in Costa Mesa, Calif.

"We are very fortunate to have these industry veterans join our team," said Cary Losson, Founder and President of 1031 Exchange Options. "Adam and Eric's blend of technical expertise and integrity in providing service adds tremendous value to our company."

"I am excited to join the nation's leading specialist in TIC/CORE investments and 1031 exchanges," said James. "The industry experience and prominence of 1031 Exchange Options affords me the best opportunity to match every client's objectives with the top real estate investment products available."

"From my experience the average real estate professional lacked expertise when it came to completing a 1031 exchange let alone a co-ownership 1031 exchange," said Allen. "Becoming a part of 1031 Exchange Options is an incredible opportunity to provide a service to property investors who may not know what is available to them and help them make a wise investment."

About 1031 Exchange Options

Through its expertise in institutional real estate planning, analysis and comparison, 1031 Exchange Options provides and is the recognized leader in complete process management for 1031 investment real estate exchange transactions. The company works with investment property owners seeking access to the benefits of institutional-grade real estate ownership. TIC ownership, or CORE, is a popular choice among real estate exchangers, as it provides investors with the benefits of co-ownership with two or more other investors; the properties can be identified and closed in a timely manner with pre-arranged financing; it enables investors to eliminate ongoing property management responsibilities while achieving potentially greater cash flow and improved asset quality.

1031 Exchange Options is headquartered in the San Francisco Bay Area and provides TIC/CORE investment consulting to clients nationwide. Additional information is available at www.1031tic.com.