Simultaneous Exchange A simultaneous exchange occurs when the old and new properties close at the same time. On the surface this appears to be a simple transaction. This perception can be hazardous to the integrity of your exchange. The use of a Qualified Intermediary, such as 1031ae, assures that you will not have constructive receipt of the funds thereby ensuring safe harbor treatment of your exchange under the Treasury Regulations. In a simultaneous exchange, 1031ae transfers the property to the proper entity and instructs the escrow/closing agent with respect to the disposition of sale proceeds. Please contact one of our exchange consultants to discuss the need to use a Qualified Intermediary even when you are planning on closing simultaneously. >> back to strategies