1031 Exchange Options Names Rocco Cortese Managing Director.Business Editors LAFAYETTE Lafayette (lä'fēĕt`, lăf'ēĕt`). 1 City (1990 pop. 23,501), Contra Costa co., NW Calif., a residential suburb in the San Francisco–Oakland area; settled 1848, inc. 1968. , Calif.--(BUSINESS WIRE)--Nov. 17, 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 appointment of Rocco Cortese Cortese is a variety of wine grape grown primarily in northern Italy. Gavi, in the region of Piemonte, is the production centre for Cortese di Gavi, a white wine made exclusively from this grape. to managing director. In his new position, Mr. Cortese is chartered with expanding the company's market leadership in the commercial real estate industry. Mr. Cortese has more than 17 years of commercial real estate experience. Before joining 1031 Exchange Options, Mr. Cortese worked for Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. , Cigna Investment Management, CB Commercial and Citicorp. "We are extremely fortunate to secure Mr. Cortese's services for this critical management position," stated Cary Losson, Founder and President of 1031 Exchange Options. "Mr. Cortese's extensive history in the commercial real estate market, coupled with his comprehensive experience working with major institutional real estate companies, makes him an ideal choice for this post." "As a managing director for 1031 Exchange Options, I will leverage my extensive relationships in the commercial real estate community to build a network of brokers who understand and employ the value proposition associated with real estate co-ownership and who actively utilize 1031 Exchange Options to find replacement properties for their clients," said Cortese. 1031 Exchange Options is the recognized leader in complete process management for 1031 exchange transactions. The company works with investment property owners seeking access to institutional-grade real estate. TIC ownership is a popular choice among real estate exchangers, as it provides investors with the benefits of co-ownership with two or more other investors. TIC investment opportunities are well suited to investors involved in the 1031 exchange process because the properties can be identified and closed in a timely manner thanks to pre-arranged financing. More importantly, a 1031 exchange into a TIC investment enables investors to remove themselves from day-to-day property management responsibilities while reaping the benefits of greater cash flow and more time to devote to personal interests. 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 professionalism the upholding by individuals of the principles, laws, ethics and conventions of their profession. 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 pref·er·en·tial adj. 1. Of, relating to, or giving advantage or preference: preferential treatment. 2. access to quality real estate investments. 1031 Exchange Options is headquartered in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . The company has additional branches covering the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. States, Pacific Northwest, 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. |
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