WOODLAND HILLS, Calif., Jan. 29, 2018 (GLOBE NEWSWIRE) — Peak 1031 Exchange, a part of the Peak Corporate Network group of entities and a leading national provider of tax deferred 1031 exchange services, is proudly celebrating 2017 as an extremely strong year of growth. With a strong focus on expanding brand awareness, increasing name recognition and making client service a top priority, the company achieved an impressive year over year growth of more than 150%.
“Last year was a record year for our team, and we look forward to continuing to grow our deposits and exceed customer service goals in 2018,” said Kevin M. Levine, Vice President of Peak 1031 Exchange. “A strong market paired with an experienced and knowledgeable team and a dedication to implementing digital innovation into our work-flow has helped us to create a well-oiled machine that makes client service a top priority. As a part of the Peak Corporate Network, we’re also expanding our brand recognition, which exposes us to a larger market and ultimately positions us as a leader in a very competitive industry.”
The 2018 tax changes also bring some long-awaited news for the 1031 exchange business. Under the new tax law, like-kind exchanges for real property will remain intact and available to property owners and investors. By contrast, like-kind exchanges for personal property have been eliminated from the tax code, which means that even more pressure will be placed on the definition of “real property” for the purposes of doing like-kind exchanges.
“The new tax code actually brings about some great opportunities for real estate investors,” said Steven Rosansky, Senior Director of Exchanges for Peak 1031 Exchange. “As the market continues to prosper property values will increase, which incentivizes investors to explore new opportunities, buy new properties and escape capital gains – all of this coupled with our extraordinary team sets us up for a very promising new year.”
For more information about Peak 1031 Exchange please visit www.peakexchange.com or call at (866) 357 – 1031.
About Peak 1031 Exchange
Peak 1031 Exchange, Inc. is a leading national provider of tax-deferred 1031 exchange services for private investors and larger enterprises, with headquarters at 5900 Canoga Avenue, Woodland Hills, CA.
About the Peak Corporate Network
As a leading authority in the real estate industry, the Peak Corporate Network group of companies provides a full array of comprehensive real estate services nationwide, including residential and commercial brokerage services, residential and commercial mortgage financing, insurance services, short sales, foreclosure processing and 1031 exchange. The Peak Corporate Network is a brand that represents a group of related, separate legal entities, each providing its unique set of real estate services.
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