Pierre W. Priestley, Esq., CPA, CES®
Washington IPX1031 Counsel

IPX1031 Northwest Regional Office

900 SW Fifth Avenue, South Mezzanine
Portland, OR 97204

Phone: (503) 223-3911
Toll-Free: (888) 310-1031
Fax: (503) 796-6653
Toll Free Fax: (866) 848-5038

Washington state law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your taxpayer identification number. You must receive written notification of how your exchange funds have been deposited. Your exchange facilitator is required to provide you with written directions of how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibility to determine that your exchange funds will be held in a safe manner.

Pierre, Senior Vice President, currently serves as the Associate General Counsel of IPX1031. As Counsel, Pierre primarily assists IPX1031’s Midwest, Northern California and Pacific Northwest Operations with legal and technical support and transaction structuring guidance. Pierre has over 37 years of experience as a tax attorney and consultant. Prior to joining IPX1031, Pierre was Vice President and Director of a large bank-owned Qualified Intermediary. Pierre also spent over 6½ years at General Electric Capital Corporation where he helped implement and administer a multi-million dollar consumer Auto Leasing Tax Deferred Exchange program.

Pierre is a licensed attorney in Ohio and earned his JD from The Ohio State University Moritz College of Law. He has a MBA in Finance and Business Policy from the University Of Chicago Booth School Of Business, a BA in Accounting and Political Science from Mercyhurst University and is a Certified Public Accountant (inactive). Pierre is a Certified Exchange Specialist and is the former Chairman of the Federation of Exchange Accommodators’ CES® Council.

IPX1031 Exchange Seminars

IPX1031 provides seminars for continuing education credits as well as custom and personalized seminars. To find out about a seminar nearest you, or to schedule a seminar for your office, please contact me.