NES Financial will be exhibiting at the International Council of Shopping Centers’ (ICSC) RECon event from May 18-20 in Las Vegas, Nevada. NES Financial is the market leading service provider to the rapidly growing EB-5 alternative capital sector and is recognized as the largest independent 1031 Qualified Intermediary in the country, processing more than $85 billion in 1031 exchange transactions annually. The company provides the commercial real estate sector with the experience, expertise, and technology to more effectively raise, deploy, administer, and preserve capital.
NES Financial’s market leading 1031 team is headed by Kelly Alton, formerly of the IRS Chief Counsel’s Office in Washington, D.C., recognized as one of the nation’s leading experts on tax deferred exchanges. 1031 exchanges are frequently used in commercial real estate as a way to defer taxes on the buying and selling of business or investment property. NES Financial’s Intelligent 1031 Exchange Solutions are leveraged extensively to mitigate risk, process transactions, and provide complete funds security and 100% transactional transparency. The company helped clients defer over $33 billion in taxes in 2014 alone.
CRE developers of all sizes are also taking advantage of the quickly-expanding EB-5 program as a mainstream source of low cost alternative capital. The EB-5 program, created in 1990, encourages investment into government-approved projects that create U.S.-based jobs, while providing an opportunity for foreign nationals to become lawful permanent residents. This program is not only a valuable complement to traditional sources of financing for real estate projects, but it also creates jobs to boost the United States economy.
NES Financial is the leading provider of subscription escrow, fund administration, and loan administration solutions for the EB-5 industry, having been engaged in over 300 EB-5 projects representing more than $12 billion in target capital raises. As the EB-5 market has become mainstream, the company has continued to release innovative solutions to meet the needs of the marketplace. In addition to its leading 1031 Exchange Solution, NES Financial will be showcasing the latest enhancements to its suite of Intelligent EB-5 Solutions, which helps issuers streamline the entire EB-5 process from start to finish.
ICSC’s RECon is the largest global convention for the shopping center industry, with over 34,000 attendees and 1,000 exhibitors. The annual convention is a great opportunity to network with other business professionals, stay updated on industry news and trends, and view the latest products and services on the market. NES Financial will be at booth SF11 in the Leasing Hall.