Independent Exchange Services

	Ralph B. Bunje, Jr. CPA, MBA (Tax), MS (Accounting), CES Chairman rbunje@ies1031.com Ralph has been advising clients on Section 1031 matters since 1978 and was a founder of Independent Exchange Services, Inc. in 1980. He has over twenty–five years of practical experience in financial management, accounting, income tax matters, investment banking, real estate finance, tax–deferred exchanges and organizational development. He has successfully managed merger, acquisition, reorganization, financing, joint venture, bankruptcy, problem assets and organizational engagements for clients. Ralph is a past President and current Director of the Federation of Exchange Accommodators, as well as the President and Co Founder of Reverse Exchange Services, Inc.
	Cecily A. Drucker, JD CES President Cdrucker@ies1031.com cdrucker@1031pro.com Since 1974, Ms. Drucker’s continued law practice in the areas of real estate tax planning and financing, and other business and commercial transactions, provides added value to the strategic planning, which is an integral part of the Company’s “Qualified Intermediary” services. Her tax expertise and 25 years of experience in structuring and implementing §1031 tax–deferred exchanges has produced. She is the co–author of Real Property Exchanges, 3rd ed. (June 2002) published by the California Continuing Education of the Bar, and the seminal article on reverse exchanges, Reverse Tax–Deferred Exchanges (1989 Cal. Real Property Law Rptr., Vol XII, No. 8), and the experience of the Company's exchange coordination staff provide unsurpassed, professional, and responsive client services. She is the Executive Vice President of Reverse Exchange Services, a national qualified intermediary.
	Ian Bunje, CES Executive Vice President ibunje@ies1031.com For more than a decade, Ian Bunje has coordinated and facilitated Section 1031 exchanges, and is responsible for the investment oversight of over $300 million of assets under the Group’s management. A Certified Exchange Specialist (CES®), he began his career in the hospitality industry. He is currently Regional Vice President for the Federation of Exchange Accommodators, and a Council Member of the Certified Exchange Specialist (CES®) governing body. He holds a BS degree from Willamette University, Oregon, and a Culinary Arts degree from the California Culinary Academy.
	Wayne Gregori Vice President of Sales wgregori@pro1031.com Starting his career in 1988 leasing and selling commercial real estate, Wayne has remained active as a licensed California real estate broker and is currently a Certified Commercial Investment Manager(CCIM) candidate. Wayne’s knowledge and proficiency in IRC Section 1031 began in 2002 following RevProc 2002-22 when he became involved with a prominent real estate sponsor of TIC investments. Recognized for his expertise and analysis of real estate co-ownership and 1031 law, Wayne is an in-demand speaker for advanced 1031 presentations and seminars. In an effort to create a regional information exchange for 1031 issues as well as to foster synergies among industry professionals, Wayne created 1031 Resource Network, a regional replacement property directory, 1031 educational resource web site and community calendar of regional real estate events.
	Frank Nishimoto, CPA Vice President/Comptroller fnishimoto@ies1031.com