2015 Annual Review responses by Lynne Bagby of Asset Preservation, Inc.

Respondent’s Name: Lynne Bagby Company: Asset Preservation, Inc. What was your greatest professional accomplishment in 2015? The opportunity to work with the vast array of dedicated, experienced and personable professionals involved in and related to the real estate industry throughout New England to assist their investor clients with Qualified Intermediary (“QI”) services for 1031 exchanges. What was your most notable project, deal, or transaction in 2015? API was chosen as QI for many recognizable transactions involving the use of IRC Section 1031 this past year. This tax code is a “taxpayer initiative”, and usually not publicized. Some of the most interesting were the multi-asset exchanges involving real estate & personal property & the reverse-improvement exchanges. What are your predictions for commercial real estate in 2016? Although most of the “trophy” buildings have been sold, there are still many New England investors who would like to sell/exchange a highly depreciated real estate asset and move to another “buy & hold” property which suits their investment strategy—provided the numbers work for them.