Get the details on reverse exchanges.
INTRODUCTION
What is a reverse exchange?
HOW IT WORKS
Plan ahead for your reverse exchange.
Identification Period
You must identify the relinquished property within 45 days of the closing of the replacement property.
The 45-day identification period is not extended if the 45th day should happen to fall on a Saturday, Sunday or legal holiday.
Exchange Period
The selling of your relinquished property (and the acquisition of the replacement property parked by the EAT) must be completed within 180 days of the closing of your replacement property.
“Reverse exchanges can be complex, but our team is here to make them feel simple. We’re committed to helping our clients make the best decision for their real estate investments, so they can move forward with confidence. Every transaction is a chance for us to deliver transparency, expertise, and results—and that’s what we show up for every day.”
Anthony Alosi
Director, National Reverse Exchange Team
Our Exchange Officers
Meet our reverse exchange officers.
Our Reverse Exchange Officers bring expertise and precision to one of the most complex areas of 1031 exchanges. With extensive experience working on intricate transactions, they help clients who want to acquire a replacement property before selling their relinquished property. As trusted experts, they ensure clients preserve the tax benefits of a 1031 exchange while allowing for strategic flexibility to meet their investment goals.
About Ann
Ann Yap
Reverse Operations Manager
About Chantelle
Chantelle Trevethick
Senior Reverse Exchange Officer
About Colleen
Colleen Pham
Senior Reverse Exchange Officer
About Nadira
Nadira Reed
Senior Reverse Exchange Officer
Our Administration Team
Meet our reverse administration team.
Our Reverse Administration Team provides the essential operational support behind every successful reverse exchange. With a commitment to detail and accuracy, they manage the logistics that keep transactions moving smoothly. Their dedication ensures clients experience a seamless process while maintaining compliance and maximizing the benefits of their exchange.
About Kelci
Kelci Sinclair
Reverse Counsel
About Marie
Marie Parker
Reverse Exchange Assistant
TESTIMONIALS
Our customers trust us.
The First American Florida team managed our 1031 exchange that had multiple complexities with unparalleled professionalism, efficiency, quick turnaround, trustworthiness and patience. We could rely on them to guide us through this process every step of the way, which removed a huge burden from us.
Amra from Florida
1031s are not easy, but the Louisiana team at First American made what felt very complicated, much easier. I was so grateful for their help, support and clarity in answering all my questions and getting the 1031 done exactly as required.
Trina from New York
Your questions, answered.
Still looking for your question? Review our frequently asked questions (FAQ) page for more information.
It is important to review your goals for a 1031 exchange, and all potential courses of action, with your independent tax and legal advisor(s) prior to commencing the exchange transaction. First American Exchange Company can provide helpful guidance in addition to exchange facilitation services, but cannot offer tax or legal advice, so it is essential to build a team of trusted advisors to work together with you and your Qualified Intermediary to avoid any unintended or unexpected obstacles to a successful exchange.
Learn more about qualified intermediaries.
Once your property is sold, it is too late to set up an exchange. That's why you should start considering the details of a potential exchange before putting your investment property on the market. This way, you will have time to contemplate the various factors at play and vet the process with your independent legal and tax advisors, as well as with First American Exchange Company. However, an exchange can be set up any time before the sale and transfer of your investment property. It is preferable to bring First American Exchange Company into the process at least two weeks before the planned closing date so that we can verify all details and prepare your documents with ample time for closing.
Learn more about the full 1031 exchange process.
Each 1031 exchange is unique. At First American Exchange Company, we are committed to providing top-tier, customized service to our clients by taking the details of each transaction into consideration. Our fees reflect many factors, including the type and number of properties involved, the location of the properties, and the overall complexity of the exchange. Rather than a one-size-fits-all approach, we tailor fees to the specific transaction, and we provide clear guidance on pricing upfront so you know exactly what to expect. Because reverse exchanges involve additional structural and legal requirements, those transactions typically carry higher fees than a standard forward exchange. At First American Exchange Company, our fees are transparent and comprehensive, with most wires and administrative services included.
When selecting a Qualified Intermediary (QI), we encourage you to ask how your exchange funds will be held, whether fees have any hidden qualifiers (for example, if the fee only includes one property), and if additional charges, like wire fees, rush fees, or administrative costs, may apply. As part of the First American Financial family, we deposit exchange funds only with FDIC-insured, investment-grade banks and hold funds in segregated, taxpayer-designated accounts. We maintain broad fidelity and professional-liability coverage, and we operate under strong financial controls and governance. All our customers benefit from the financial strength of First American, supported by the expertise of our nationwide team of exchange specialists.
Learn more about why First American Exchange Company is an industry leader.