1031 Exchange Options Appoints Replacement Property Specialist to San Diego County; James Bailey to Provide Expertise to Investment Property Owners

Business Wire, June 22, 2004

WALNUT CREEK, Calif. -- 1031 Exchange Options, a leading real estate investment consultancy, announced today the appointment of James Bailey to Replacement Property Specialist(SM) for San Diego County, Calif. As the company's newest Replacement Property Specialist, Bailey will assist investment property owners in finding suitable replacement investment properties for their 1031 exchanges and other real estate investments. Bailey is also responsible for expanding the company's market leadership within San Diego County's investment community.

"We are pleased to have James join our Replacement Property Specialist team," said Cary Losson, Founder and President of 1031 Exchange Options. "We look forward to working with San Diego County investors to satisfy their investment needs."

"I'm extremely excited about joining 1031 Exchange Options," stated Bailey. "The company's focus on the fastest growing options for replacement property investments, Tenants-in-Common (TIC) or co-ownership of real estate (CORE), enables me to provide the right tools to support my clients in finding investment replacement property and other real estate investments."

Before joining 1031 Exchange Options, Bailey spent more than 20 years in consulting focused on the energy marketplace; using his financial and accounting background to develop work management and energy management systems. As a Replacement Property Specialist, Bailey utilizes his consulting skills to work closely (one-on-one) with clients in order to become a trusted advisor; and, to quickly respond to their unique investment needs.

Bailey is licensed with NASD as a General Securities Representative; and, licensed as a Uniform Securities Agent in the State of California. He earned a Bachelor of Science degree in Economics from Valparaiso University and a Masters of Business Administration from Case Western Reserve University.

About 1031 Exchange Options

1031 Exchange Options is a leading real estate investment consultancy recognized for real estate investments structured for co-ownership. The company advises clients on tenant-in-common (TIC) ownership, funds, LLCs, REITs, and other real estate investments. 1031 Exchange Options national headquarters is located in the San Francisco Bay Area and services clients nationwide. Additional information is available at www.1031tic.com.