1031 Exchange Options Expands Executive Team; Company Announces New CEO in Response to Explosive Growth.Business Editors LAFAYETTE, Calif.--(BUSINESS WIRE)--July 7, 2003 1031 Exchange Options, a leading resource for investors looking to utilize a 1031 exchange to convert investment property holdings into a "Tenancy-in-Common" (TIC) investment, today announced the addition of Jim Noack to its executive management team. Effective May 1, 2003, Mr. Noack joined 1031 Exchange Options as Chief Executive Officer. In response to its explosive growth, 1031 Exchange Options will leverage Mr. Noack's experience and administrative skills to manage the company's 300% annual growth rate. In his new capacity, Mr. Noack is chartered with building the foundation that will facilitate this rapid growth and further expand the company's national presence. David Waal, the company's former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will take over the position of Managing Director. In his new role, he will be better able to focus on his primary professional goals, which are to cultivate and nurture business relationships with the company's long list of associates, partners and clients. "We are delighted to announce the addition of Jim Noack to our team of top-notch executives. The transferring of this position is the next step in the company's plan to execute a systematic, well-organized and comprehensive growth and expansion program, said Cary Losson, founder and president, 1031 Exchange Options. "The company's growth has exceeded the original forecast and is accelerating at a 300% year-over-year growth rate. This accelerated growth rate is driving more structure and more business development efforts. We feel fortunate to have secured Jim's talents in response to our structural needs and to have David's talents to spearhead our critical business development efforts." "1031 Exchange Options has become synonymous in the industry with customer service, and it gives me tremendous satisfaction to be involved with an organization that is able to make such a difference to clients and partners alike," said Jim Noack, chief executive officer, 1031 Exchange Options. "The company's growth rate, in addition to its sophisticated and influential management team, made this change a very easy and compelling choice." Prior to joining 1031 Exchange Options, Mr. Noack was the founder and president of Monument Mortgage. In 1983, Mr. Noack joined Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Mortgage as a senior vice president, Wholesale Mortgage Banking Wholesale mortgage banking The purchasing of loans originated by others, for the acquisition of the servicing rights. . When the company was sold in 1985 and became IMCO In my considered opinion." See digispeak. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Services, he served on the Executive Committee and was a senior member of its Loan Committee. Prior to Wells Fargo Mortgage, Mr. Noack held positions of increasing responsibility with the Federal National Mortgage Association (Fannie Mae Fannie Mae: see Federal National Mortgage Association. ). Mr. Noack is currently a board member for the following organizations: Eyecron, CEO Jumpstart, Nelson-Noack Land Holdings and Kirtas Technology. 1031 Exchange Options is currently on track with its aggressive expansion plans announced earlier this year and is continuing its search for additional replacement property specialists across the country. About 1031 Exchange Options Through its expertise in institutional real estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the , analysis and comparison, 1031 Exchange Options provides complete 1031 exchange process management from beginning to end. The company's highly talented team of industry experts focuses on providing the most knowledgeable, professional and ethical investment real estate guidance. 1031 Exchange Options sets the industry standard for performance, professionalism and integrity. The company's relationships with the leading providers of institutional-grade, real estate investment opportunities offers clients of 1031 Exchange Options exclusive, preferential access to quality real estate investments. 1031 Exchange Options is headquartered in Lafayette, Calif. The company has additional branches in Connecticut, Portland, Seattle and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Additional information is available at www.1031tic.com. Securities offered through Sigma Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). .SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion