Qualified Intermediary

Madison 1031

Madison Exchange, LLC · Parent: Independent / Madison Commercial Real Estate Services · Firm website

FEA membership: FEA unknown
CES® holders: Michael S. Brady, Esq., CES®; David Medinets, CES®
Fidelity bond: $10 million fidelity bond
E&O / other cover: $10 million errors and omissions policy
How funds are held: Segregated
Dual-signature wires: Dual-signature
Reverse / improvement / DST: Reverse Yes · Improvement Yes · DST Unknown
Last sourced: 2026-09-11

Fund handling

Security of Funds: exchange proceeds sit in express trust accounts that Madison’s agreement treats as the clients’ beneficial property — funds never belong to Madison 1031. Each exchange is a segregated account that requires dual signatures for disbursement, with an option for the client as a third signature. FAQ: proceeds go into a secure dual-signatory account at the relinquished-property closing.

Who it is for

Nationwide delayed/forward, reverse/simultaneous (EAT), and construction/improvement 1031 exchangers who want a Lakewood, New Jersey QI in the Madison Commercial Real Estate Services family. Legal name on identification-notice and addendum PDFs: Madison Exchange, LLC (d/b/a Madison §1031). Public brand: Madison 1031. Office: 1125 Ocean Avenue, Lakewood, NJ 08701; 800-970-1031. Types page also publishes personal-property exchanges. DST-as-replacement QI work is not on the pages cited.

Verdict

Source-rich independent / title-adjacent NJ file: published $10 million fidelity and $10 million E&O, express-trust language, segregated dual-signature accounts with an optional client third signature, and two named CES® attorneys. That is a real custody menu. Company FEA membership is not on the pages cited — Medinets’ FEA committee seats are a people credential. No public fee card, float sentence, or DST-as-QI claim. Ask for today’s certificates, the live account title, and who the second (and optional third) signer is before a large wire.

Notes

This is a QI custody file, not a securities offering. The contracting name on the identification-notice PDF and in the Heartbreak white paper is Madison Exchange, LLC. The public brand is Madison 1031. The relinquished-property addendum PDF also prints “MADISON EXCHANGE, LLC … d/b/a Madison §1031.” Confirm that name on the exchange agreement.

Homepage: Madison 1031 is “part of the Madison family of companies” and has “an in-depth, broad understanding of commercial real estate.” The Heartbreak PDF footer calls Madison 1031 “a division of Madison Commercial Real Estate Services” at 1125 Ocean Avenue, Lakewood, NJ 08701. Medinets’ bio: Chief Counsel for Madison Commercial Real Estate Services, LLC and its affiliates, including Madison 1031. No public ticker is printed. Do not invent one.

Security of Funds — four pillars, still live 2026-09-11: (1) express trust accounts, funds the beneficial property of clients, never belonging to Madison 1031; (2) $10 million fidelity bond against corporate malfeasance; (3) $10 million errors and omissions; (4) a segregated account per exchange requiring dual signatures, with the option for the client as a third signature. Those are brochure limits until you have a current certificate.

Types page: Delayed / Forward; Reverse / Simultaneous (EAT holds the replacement until the relinquished sale); Construction / Improvement (QI holds title while work is done); Personal Property. Reverse and improvement are therefore yes. DST interests as replacement property are not described on the pages cited, so DST stays unknown.

Michael S. Brady, Esq., CES® is Executive Vice President. David Medinets, CES®, is Chief Counsel and “an active member of several Federation of Exchange Accommodators (FEA) committees, including the CES® Council and Tax Advisory Board.” Those are personal FEA roles. The pages cited do not say Madison Exchange, LLC is an FEA Regular Member, so feaMember stays unknown.

No public dollar fee card and no float / interest sentence on the Security page. Personal-property exchanges are a types-page menu item, not a finding that 1031 still covers personal property the way it did before the TCJA real-property-only change — confirm with counsel what they will actually accommodate.

Sources

Homepage — Madison 10312026-09-11
Security of Funds — Madison 10312026-09-11
Types of §1031 Exchanges — Madison 10312026-09-11
David Medinets — Madison 10312026-09-11
Michael S. Brady — Madison 10312026-09-11
Avoiding Real Estate Heartbreak (PDF) — Madison 10312026-09-11
Identification Notice (PDF) — Madison Exchange, LLC2026-09-11

Share a factual note

Prewritten LinkedIn text. No hype. No affiliate link.

Madison Exchange, LLC (Madison 1031) has a custody file on The QI File — published facts only. No star rating. No paid placement.

FEA: FEA unknown. Funds: Segregated. Dual-sign: Dual-signature.

Unknown on that file means unpublished, not a grade.

https://www.theqifile.com/firms/madison-1031/

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Corrections and verification

Listings are sourced from public pages. Unknown is omitted, not graded. If a fact is wrong or stale, send the primary URL.