Real Estate/Development
Dec. 30, 2003
Birth of the Exchange
The concept of 1031s originated in California, which is where a majority of the activity has taken place, according to Tim Egan, executive director of the Federation of Exchange Accommodators .
The concept of 1031s originated in California, which is where a majority of the activity has taken place, according to Tim Egan, executive director of the Federation of Exchange Accommodators.
"It now has become a national phenomenon," he said. "The greatest activity is probably on the West Coast, but the greatest degree of growth is on the East Coast."
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"It now has become a national phenomenon," he said. "The greatest activity is probably on the West Coast, but the greatest degree of growth is on the East Coast."
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