1031 Exchange Options Client Investors Acquire Bank of America Center in Florida.

WALNUT CREEK, Calif. -- Cary Losson, Founder and President of 1031 Exchange Options, today announced on behalf of its clients the successful acquisition of Bank of America Center in Naples, Florida. 1031 Exchange Options, a national real estate investment consultancy, represented individual Tenancy-in-Common (TIC)/Co-ownership of Real Estate (CORE) investors in the property, many who successfully completed 1031 exchanges with the acquisition of their undivided fractional interest in the property.

Bank of America Center is a 77,765-square-foot, four-story Class A office property located at 4501 Tamiami Trail North. The property was acquired for $21 million, net of reserves. Constructed in 1985, the property is currently 100% leased to tenants including Bank of America, NewsBank, Stock Development and Provident Development Group.

"The Southeast region continues to be a hotspot for TIC/CORE opportunities," said Christian Mirner, Executive Vice President -- Real Estate for 1031 Exchange Options. "Naples is expected to be one of the top three fastest growing communities in the country over the next five years, and currently has per capita income, job growth, and population growth each at three times the national average. During 2004, office vacancy rates dropped 50% to 10.6% by year's end. Additionally, Bank of America Center is prized property in the city, known for its modern architectural design. We're very happy to help our client investors acquire this property."

Triple Net Properties, LLC acquired Bank of America Center from Jones Lang LaSalle Investments on behalf of the co-ownership group of TIC/CORE investors.

About 1031 Exchange Options

1031 Exchange Options is a national real estate investment consultancy representing clients in investments structured for co-ownership. We advise clients on 1031 exchanges, Tenancy-in-Common (TIC) ownership, triple net leased properties, funds, LLCs, REITs, and other alternative real estate investments. 1031 Exchange Options offers securities through Sigma Financial Corporation, Member NASD and SIPC.

1031 Exchange Options' national headquarters is located in the San Francisco Bay Area. The company services clients nationwide. Additional information is available at www.1031ExchangeOptions.com.

While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described.