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Advantages of Using CDEC:For twenty years, CDEC has utilized both the Qualified Intermediary and the Qualified Trust safe harbor for every client on every transaction. Currently Bank of America acts as the third party trustee. Funds held in trust for the benefit of the Taxpayer cannot be reached by creditors of CDEC or creditors of Bank of America in the event of either party’s bankruptcy. This security measure is paramount in today’s environment. CDEC’s core team has been together nearly 15 years. Our expertise and experience is unparalleled. Our fees are extremely competitive and comparable to most other QIs. We offer a variety of money market funds and deposit products designed to provide the flexibility and liquidity required in an LKE, and all interest accrues for the benefit of the Taxpayer. Many QIs retain a portion or all of the interest earned on the sale proceeds, which means your exchange could cost you significantly more than the quoted fee. Incorporated in 1989, CDEC facilitates thousands of Section 1031 LKEs annually - on time and accurately - for assets such as real estate, aircraft, gas gathering and distribution pipelines, fleets of vehicles, FCC licenses, collectibles such as artwork and classic cars, air rights, development rights, leasehold interests, construction equipment, power plants, and paper mills. Our dedicated and experienced professionals will provide helpful, practical assistance throughout your exchange. We invite you to contact the professionals of Chicago Deferred Exchange Company if you would like to review your contemplated exchange with us. We look forward to assisting you.
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