1031 exchange QIs
Chicago Deferred Exchange Company
Chicago Deferred Exchange Company (CDEC) acts as qualified intermediary and exchange accommodation titleholder for investors deferring gain under IRC Section 1031. It handles forward and reverse exchanges for individuals, partnerships and corporations, and says tax-deferred exchanges are its only business.
A separate qualified trust account is created for every client on every transaction. Funds held in trust for clients are segregated from creditors' claims by operation of law, are placed only in professionally managed, highly liquid institutional money market funds rated AA or better, and all interest accrues to the client's account.
Founded in 1989, CDEC is a subsidiary of Wintrust Financial Corporation and works from 231 South LaSalle Street in Chicago. It reports more than 75,000 completed exchanges, including thousands of reverse exchanges, touching every state and every sector of real estate. Its core team has been together more than 30 years and includes Certified Exchange Specialists and attorneys; the firm has obtained several private letter rulings from the IRS and offers complimentary CLE and CPE presentations to clients and business partners.
No fees are published. Exchange pricing, reverse-exchange structuring costs and the treatment of interest should be confirmed with the firm before an exchange period starts.
Best for
Investors who want a bank-owned intermediary holding exchange funds in a separate qualified trust account, and owners who need reverse exchanges as well as forward ones; fees are quoted, never published.
What they do
- Qualified intermediary for forward 1031 exchanges
- Reverse exchanges as exchange accommodation titleholder
- Separate qualified trust account for each exchange
- Exchange consultation for individuals, partnerships and corporations
- Complimentary CLE and CPE presentations for clients and business partners
Details
| Attribute | Value |
|---|---|
| Founded | 1989 |
| Ownership | Subsidiary |
| Exchange types | Forward, Reverse |
| Fund security | Segregated accounts, Bank-owned |
What stands out
- Founded in 1989 and a subsidiary of Wintrust Financial Corporation
- Reports more than 75,000 completed exchanges, including thousands of reverse exchanges
- Core team has worked together more than 30 years and includes Certified Exchange Specialists and attorneys
- Exchange funds sit in institutional money market funds rated AA or better, with interest accruing to the client
- Has received several private letter rulings from the IRS