Volume 2, Issue 2, March 24, 2006

This issue sponsored by SCI Real Estate Investments

 A LETTER FROM THE FEA PRESIDENT
Dennis Helmick, CES® Exchange Facilitator Corporation

Dear FEA Members,

By now, you have heard from me concerning the impact 468B-7872 regulations will have on our members and profession. Everyone who receives marketing fees, earnings credits, and interest from financial institutions will be hammered by 468 B. FEA has enlisted your support in both time and dollars.  We reached out to our members to ask for their financial support of FEA’s efforts in this regard and we would like to thank the following members who have contributed to the fight (list complete as of 03/22/2006):

If you would like to join your fellow colleagues in the fight, please fill out the attached form in the email and send it to FEA headquarters.

I would also like to thank the 40 members who joined me on the teleconference with the SBA yesterday. I will be providing all members an update shortly.

Thank you.

THERE'S STILL TIME TO REGISTER FOR THE NORTHERN
CALIFORNIA REGIONAL MEETING!

Saturday, April 1, 2006
Embassy Suites Hotel San Francisco Airport
South San Francisco, CA

An excellent agenda has been prepared by Northern California Chair Ian Bunje designed to meet your professional needs.  Click here to view the full agenda. To see a list of the attendees click here. We would like to thank our sponsors for the event:

Platinum:
SCI Real Estate Investments, Los Angeles, CA

Gold:
Woods, Loeb & Co., Redwood City, CA

Silver:
1031 Property Watch, Salt Lake City, UT
1031 & TIC Investments, Minneapolis, MN
Argus Realty Investors, San Clemente, CA
CapHarbor, Inc., Beverly Hills, CA
Upland Real Estate, Minneapolis, MN

HOTEL INFORMATION:
Embassy Suites Hotel San Francisco Airport
250 Gateway Boulevard
South San Francisco, CA 94080
650-589-3400
650.876.0305 (Fax)

Room Rate:       $119 King
Parking:            Free for day and overnight 

Here is what you need to do to register for this meeting:

1. Click here to download the registration form. Complete the form and return it via fax to FEA at 215.564.2175.

REGISTRATION OPEN FOR THE MID-YEAR CONFERENCE!

Register by April 14, 2006 to receive the early bird rate! Save $100!

May 11-12, 2006
Philadelphia Marriot
Philadelphia, PA

This year’s Mid-Year Conference is being held May 11-12, 2006 at the Philadelphia Downtown Marriot.  You are all aware of proposed Treasury regs 468B/7872.  Everyone who receives marketing fees, earnings credits, and interest from financial institutions will be clobbered by 468B.  We will explain in detail the impact this could have your business.  You will also receive the latest information on this situation and get up to the minute news on the FEA response.  Click here to view the full brochure for the event. A large variety of educational topics will be covered at this event in the popular round table format. There will also be a full reception and “Taste of Philadelphia” dinner on Thursday evening, May 11, to allow you a chance to spend more networking time with your fellow FEA members.

Here are some key dates to keep in mind:

• Will you be arriving in Philadelphia early? Spend Wednesday night at Citizens Bank Park to watch the Philadelphia Phillies take on the New York Mets.  To register for this event, please be sure that your registration is in by April 10. Click here to download the registration form for the Conference and the game.
• Reserve your room at the Philadelphia Marriott Downtown no later than April 11, 2006 in order to secure the FEA negotiated rate. You can either register for your room online (In the group code box enter "FEAFEAA."), or by downloading the registration form and faxing it to the hotel.

Don’t miss this chance to get the latest news from the industry!

MARCH 27, 2006: DEADLINE TO SUBMIT APPLICATIONS FOR THE CES® EXAM!

The first CES® examination of the year will be held following the Mid-Year Conference, Saturday May 13 in Philadelphia, PA at the Philadelphia Marriott Downtown.  To learn more about the CES® Designation visit their website at www.1031ces.org. To download the 2006 Candidate Bulletin of Information and Application click here.

Saturday, May 13, 2006
7:30 am Registration
Philadelphia Downtown Marriott
1201 Market Street
Philadelphia, PA 19103
                                
MEMBERSHIP DIRECTORY- Ads Available!

Thank you to the majority of members for submitting their Membership Directory Update forms. To date, 60% of our members have responded, but we need 100% participation before we can publish this document.

If you are interested in buying an ad for this directory, please review the options by clicking here.

Tenants-In-Common Real Estate Investments
Submitted by this Newsletter’s Sponsor, SCI Real Estate Investments
By: Paul L. White

What is a tenants-in-common real estate investment?   Where did it come from?  Why haven’t I seen it before in my thirty-year career in commercial real estate?

Tenants-in-common real estate investments originated in Old England in the 1600’s when it became possible for the commoner to own land.  The quality farming acreage was too expensive for the former serfs to purchase so several joined together as “tenants-in-common” to purchase the tracts.  They would pool their money and purchase the property but since land ownership was so new to them, they wanted to own the land themselves and not be obligated to others… To read more, click here.

MEMBERSHIP NEWS

Chicago Deferred Exchange Corporation (CDEC) has expanded its national presence by opening a full-service office in Plymouth, Massachusetts.  CDEC maintains its corporate headquarters in Chicago and has opened satellite offices in San Diego, San Francisco, and New York since the company was incorporated in 1989.  The New England office, located at 40 Court Street in Plymouth, will be led by Daniel Feehan, Senior Vice President (a former senior vice president for J.P. Morgan Property Exchange Inc.).  Joining Feehan in the New England office are Jim Livesey, Vice President, Lisa Leary, Exchange Officer, and Kim Borsari, Marketing Officer.  Livesey most recently served as a vice president with Atlantic Exchange Company, LLC in Boston; Leary is a former transaction coordinator with J.P. Morgan Property Exchange Inc. in Rockland, Mass.; and Borsari most recently served as a vice president for Compass Exchange Advisors LLC in Kingston, Mass.  The CDEC New England team can be reached at (877) 811-1031.

MIDWEST REGIONAL MEETING

The Midwest Regional Meeting will be held this year on June 9, 2006 at the Hilton Garden Inn Downtown Chicago/Magnificent Mile. Regional Chair, Hugh Pollard is currently working on an agenda for the event.

Check out the Calendar of Events page on the FEA website for all the latest meeting news! 

WELCOME NEW MEMBERS IN FEBRUARY!

Regular:

Exchange Facilities Group, Inc., Greenville, SC
1031 Tax Services, L.L.C., Audubon, PA, www.1031taxservices.com
Universal 1031, Blue Bell, PA, www.universal1031.com
Acacia Exchange Services, Inc., Healdsburg, CA, www.acacia1031.com
Corporate Accommodators, Inc., Arcadia, CA
Harmony Exchange Associates, LLC, Eatonton, GA
1031 Exchange Partners, LLC, Scottsdale, AZ, www.exchangepartners.com
Rattikin Exchange Services, Inc., Fort Worth, TX, www.rattikinexchange.com

Affiliate:

Nashbar Wealth Services, LLC, Tampa, FL, www.nashbar1031.com
T & C Exchange Accommodators, Inc., Corona, CA, www.tcescrowcorp.com

HERE’S HOW YOU CAN SUBMIT NEWS TO THE EXCHANGE

Do you have any exciting news about your company and/or employees or do you have suggestions for topics to be covered? Please use this form to provide FEA with that information and we would be happy to include that information in a future issue of The Exchange.