CapServe Exchange, L.L.C.
1031 Exchanges are most commonly associated with the Delayed Exchange, whereby an exchangor sells a
property through a qualified intermediary and then, purchases another property through the qualified
intermediary. The sold property is referred to as the relinquished property and the acquired property is
referred to as replacement property. Essentially, once the relinquished property is sold, the exchangor has
45 days to identify a replacement property and 180 days to close on the acquisition of such property.
Additional guidelines dictate the manner in which replacement property must be acquired.
Call:  (334) 263-0016   Fax: (334) 263-0056
105 Tallapoosa Street  - Suite 104  
Montgomery, Alabama  36104