Page 18 - Old Republic Title Exchange
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YOUR NATIONAL 1031
        EXCHANGE EXPERTS



        Unfortunately, there is no federal regulation of the
        Qualified Intermediary industry. Because it is fairly easy
        to become a Qualified Intermediary, it is imperative
        that you place your exchange funds with  a Qualified
        Intermediary that can protect your assets.
        When you choose Old Republic Exchange, you are
        assured that your exchange funds are secure and
        that your documents will be accurately prepared in
        a timely manner. Old Republic Exchange is a sister
        company of Old Republic Title, which is a wholly-owned
        subsidiary of Old Republic International Corporation
        (NYSE:ORI), a multi-billion dollar corporation, which
        ranks among the nation’s 50 largest publicly-held
        insurance organizations.

        We hope this information is useful to you, so that you
        can have a meaningful conversation with your tax
        advisors. If you have additional questions, please call
        one of our regional offices, which are located throughout
        the United States or visit our website for up-to-date
        information and resources at  www.orexco1031.com.



        FEA MEMBER: FEDERATION OF
        EXCHANGE ACCOMMODATORS

        Old Republic Exchange does not provide tax or legal
        advice. Consult with your tax advisor to determine
        whether an exchange is appropriate for your
        circumstances.



                       Corporate Office
             1990 N. California Boulevard, Suite 1070
                    Walnut  Creek, CA 94596
                          800.738.1031
                   oldrepublicexchange.com





















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