Spectrum Exchange

What Spectrum Exchange does

Spectrum Exchange Corp., doing business as Spectrum 1031, is a family-owned Qualified Intermediary facilitating Internal Revenue Code Section 1031 tax-deferred real estate exchanges. Founded in 1995 in South Orange County, California and now headquartered in Camp Verde, Arizona, the firm serves individual real estate investors, family offices, and affiliated real estate entities across the United States, having processed more than $2 billion in cumulative exchange value since inception. The core offering comprises three IRS-sanctioned exchange structures: Delayed (the most common), Simultaneous, and Reverse exchanges, with the Reverse product enabled via a sister-company arrangement with All Real Property, Inc., which holds title to replacement property on behalf of the taxpayer.

The business operates on a transaction-fee model typical of Qualified Intermediaries, charging per-exchange fees on completed exchanges rather than recurring SaaS or asset management fees. Underlying the service is a proprietary exchange processing software system developed and maintained in-house by co-founder Rick Westberg, with the most recent iteration deployed in 2020. The firm is bootstrapped, employs 1-10 people, and provides national coverage from its Arizona base; its go-to-market is primarily referral-driven within the real estate investor ecosystem. The team includes Rick Westberg, Operations Manager Jack Westberg (since 2019), and team member Dawna Westberg, following founder Claire Westberg's retirement in 2020.

The competitive position is built on three decades of regulated experience, an in-house technology stack, and a sister-company structure that enables Reverse exchanges, which many smaller Qualified Intermediaries cannot offer directly. The firm shows no external funding, no acquisition activity, and no public revenue disclosure, positioning it as a stable, niche, owner-operated services business rather than a venture-stage or growth-equity asset.

Name

Spectrum Exchange

Legal name

Spectrum Exchange Corp.

Website

https://spectrum1031.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Spectrum Exchange (DBA: Spectrum 1031) is a family-owned Qualified Intermediary facilitating IRS Section 1031 tax-deferred real estate exchanges, having processed over $2 billion in exchanges since 1995. It serves individual real estate investors and family offices nationally with Delayed, Simultaneous, and Reverse exchange structures.

Ownership category

akta.pro rank

Product category

1031 Exchange Qualified Intermediary Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

1031 Exchange Intermediary Services (BPAJAOAL)

Keywords

• 1031 exchange services
• Qualified intermediary
• Tax-deferred exchanges
• Real estate exchange
• Exchange accommodator

Headquarters

HQ city

Camp Verde

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Qualified Intermediary Services: Spectrum Exchange Corp. acts as a Qualified Intermediary for 1031 tax-deferred real estate exchanges. Revenue is generated through fees for facilitating delayed, simultaneous, and reverse 1031 exchanges, including preparation of documentation (assignments, exchange agreements) and holding exchange funds in dedicated FDIC-insured accounts.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Spectrum Exchange Corp. acts as a Qualified Intermediary and Accommodator for 1031 tax-deferred real estate exchanges, facilitating delayed, simultaneous, and reverse exchanges under IRS code section 1031. The company prepares all necessary documentation — including assignments, exchange agreements, and exchange instructions — and holds client exchange funds in dedicated FDIC-insured bank accounts. Operations are supported by proprietary exchange processing software developed in-house.

Product overview

Spectrum Exchange Corp is a 1031 Exchange Qualified Intermediary offering a unified suite of tax-deferred real estate exchange services. The core offerings are three types of 1031 exchanges: Delayed (Starker) Exchange, Simultaneous Exchange, and Reverse Exchange. All services are facilitated through proprietary exchange processing software developed internally, with the latest iteration launched in 2020 under Jack Westberg's leadership. The company also partners with its sister company All Real Property, Inc. to handle reverse exchange title holding.

Differentiator

Problem solved

Functional benefit

Products and services

• Delayed 1031 Exchange The Delayed (Starker) exchange is the most common 1031 exchange type, in which the investor sells their relinquished property and purchases replacement property within specific IRS-mandated time periods (45 days to identify, 180 days to complete). Spectrum Exchange acts as the Qualified Intermediary acquiring and transferring the properties via assignment.
• Simultaneous 1031 Exchange The Simultaneous exchange involves properties closing at the same time, with the Qualified Intermediary acquiring and transferring both the relinquished and replacement properties via assignment of purchase contracts.
• Reverse 1031 Exchange The Reverse exchange allows investors to acquire replacement property before selling the relinquished property. All Real Property, Inc., a sister company to Spectrum Exchange Corp., holds title to the exchange property on the investor's behalf to address IRS related-party and agency concerns.

Quantifiable outcome

• Over $2 billion in 1031 exchanges processed since 1995
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• All Real Property, Inc.coreStrategic or Co-development PartnerAll Real Property, Inc. is described as a sister company to Spectrum Exchange Corp. It assists with reverse exchanges by holding title to exchange properties on behalf of investors when needed. This structure addresses IRS 'related party' and 'agency' concerns that arise when investors attempt to have friends or agents purchase property on their behalf, potentially jeopardizing the intended exchange status.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• IPX1031: One of the largest national Qualified Intermediaries in the U.S., offering delayed, reverse, and improvement 1031 exchange services. Directly competes with Spectrum for investor-side QI mandates nationwide.
• Asset Preservation, Inc. Specialty Qualified Intermediary focused on 1031 tax-deferred exchanges, including reverse and improvement exchanges. Competes head-to-head with Spectrum for complex and standard 1031 mandates from real estate investors.
• Exchange Right Corporation: National 1031 exchange Qualified Intermediary offering delayed, simultaneous, reverse, and construction exchanges. Operates with a similar service menu and target customer base as Spectrum.
• Accruit: Specializes in 1031 like-kind exchange Qualified Intermediary services with a national footprint. Targets similar investor clientele and offers comparable exchange structures to Spectrum.

Broad incumbents

• First American Exchange Company: 1031 exchange arm of First American Financial Corporation, a major title insurer. Provides national-scale QI services with the backing of a large, diversified real estate financial services platform—overlapping materially with Spectrum's core offering.
• Equity Trust Company: Self-directed IRA custodian that also facilitates 1031 exchanges. While broader in product scope, it competes with Spectrum for real estate investors seeking tax-advantaged structures.
• JTC Group (Exchange Services): Global professional services firm offering 1031 exchange Qualified Intermediary and related real estate services in the U.S. Provides scaled, multi-jurisdictional service capability that overlaps with Spectrum's national QI offering.
• WFG National Title Insurance Company: National title insurer that bundles 1031 exchange services with escrow and title. Competes with Spectrum by offering QI services as part of a broader real estate closing stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/spectrum-exchange-corp.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spectrum Exchange