The QI File

Qualified Intermediary

NExT1031

National Exchange Titleholder 1031 Co. · Parent: Independent / unpublished · Firm website

FEA membership
FEA unknown
CES® holders
CES® on staff; names not published on cited pages
Fidelity bond
Not published on cited pages
E&O / other cover
Highest Levels of Security page: NExT1031 carries both errors and omissions insurance and a fidelity bond — no dollar amounts. Its “proof of insurance” link points to a 2018–2019 PDF that returned 404 on 2026-09-29, so no certificate could be read. Safety and Security white paper (May 2015): company financials and exchange account records reviewed and reconciled by an outside accountant; optional features for additional fees include a qualified trust, a special purpose entity as QI, a bankruptcy-remote special purpose entity, and the taxpayer as special manager of the entity.
How funds are held
Segregated
Dual-signature wires
Dual-signature
Reverse / improvement / DST
Reverse Yes · Improvement Yes · DST Unknown
Last sourced
2026-09-29

Published coverage notes

Highest Levels of Security page: NExT1031 carries both errors and omissions insurance and a fidelity bond — no dollar amounts. Its “proof of insurance” link points to a 2018–2019 PDF that returned 404 on 2026-09-29, so no certificate could be read. Safety and Security white paper (May 2015): company financials and exchange account records reviewed and reconciled by an outside accountant; optional features for additional fees include a qualified trust, a special purpose entity as QI, a bankruptcy-remote special purpose entity, and the taxpayer as special manager of the entity.

Fund handling

Highest Levels of Security page: segregated accounts for each client, separately identified under the client’s tax identification number; exchange funds never commingled with another client’s funds or with NExT1031 operating funds; qualified escrow accounts available on request; banks send clients a monthly account statement; funds deposited only with FDIC-insured institutions in money market accounts insured up to $250,000. The deposit bank is not named. For reverse and improvement parking, each client’s property is held in a newly created single-member LLC; the EAT gives the client a pledge and security agreement over the LLC interest, and the client may request a mortgage or deed of trust from the LLC.

Who it is for

Mesa, Arizona boutique QI and exchange accommodation titleholder for exchangers who want National Exchange Titleholder 1031 Co. (NExT1031) — attorney-run, with reverse and improvement parking as its specialty — to handle delayed, simultaneous, reverse, and improvement exchanges. Dana R. Sobrado, Esq. is named President and Chief Executive Officer and co-founder; her bio describes 13 years at IPX1031 as Vice President and Assistant Manager of its national reverse and improvement division. The homepage team section also names Karin A. Church, described as having founded and managed the country’s largest reverse and improvement exchange operation. The site says a Certified Exchange Specialist is on staff but does not name the person. Office: 2733 N Power Road, Suite 102, Unit #410, Mesa, AZ 85215-1693. Phone 855-NXT-1031 (855-698-1031). Company FEA, bond and E&O dollar amounts, the deposit bank, a fee card, float, and DST are not on the pages cited.

Verdict

Mesa, Arizona attorney-run QI and reverse/improvement titleholder with one of the more detailed custody pages in the file: per-client segregated accounts under the client’s tax ID, no commingling, client written authorization plus two authorized employees for every disbursement, monthly statements direct from the bank, and qualified escrow accounts on request. Reverse and improvement parking uses a new single-member LLC per client with a pledge back to the client. Weak points: fidelity bond and E&O are claimed without dollar amounts, the proof-of-insurance link is broken (404), the bank is not named, and most site pages were last updated between 2015 and 2024, so the file may be stale. The site says a CES® is on staff but does not name the person. Experience claims (“30+ years,” “over 4,000 exchanges”) are firm claims, not ratings. Ask for current fidelity bond and E&O certificates, the bank and account title, and confirmation that the two-signature rule is still in force before a large transfer.

Notes

This is a QI custody file, not a securities offering. The name on the site is National Exchange Titleholder 1031 Co. (“NExT1031”). The entity type behind “Co.” is not stated and is not invented here. Confirm the named party on the exchange agreement. NExT1031 acts both as a qualified intermediary (holding exchange funds) and as an exchange accommodation titleholder (holding parked property). A Delaware statutory trust is typically a securities offering sold by a sponsor and registered representatives — a different product. The pages opened for this file do not mention DST work.

Homepage and Accommodation Services: a like-kind exchange boutique offering qualified intermediary and exchange accommodation titleholder services for delayed, simultaneous, reverse, and improvement exchanges, with reverse and improvement as its specialty. Reverse and improvement are therefore yes. Exchanges are processed by attorneys.

Highest Levels of Security: segregated accounts for each client, separately identified under the client’s tax identification number; never commingled with other clients’ funds or NExT1031 operating funds; qualified escrow accounts available on request; written authorization from the client is required to move exchange funds, and all disbursements require approval of two NExT1031 authorized employees; banks send clients a monthly statement; deposits only with FDIC-insured institutions in money market accounts insured up to $250,000. fundsHeld is therefore segregated and dualSignature is yes. The bank is not named. The same page quotes Washington’s RCW 19.310.040 disclosure. The May 2015 white paper repeats these controls and adds outside-accountant review of company financials and exchange account records, plus optional features for additional fees: a qualified trust, a special purpose entity as QI, a bankruptcy-remote entity, and the taxpayer as special manager.

Insurance: the security page says NExT1031 carries both errors and omissions insurance and a fidelity bond, with no dollar amounts. Its “proof of insurance” link points to a 2018–2019 PDF that returned 404 on 2026-09-29. Do not invent a bond or E&O figure.

People: Dana R. Sobrado, Esq. is named President and Chief Executive Officer; her bio says she co-founded NExT1031 after 13 years at IPX1031, where she was Vice President and Assistant Manager of the national reverse and improvement division, and earlier worked as an Arizona Assistant Attorney General. The homepage team section also names Karin A. Church; the 2015 white paper refers to “Dana and Karin” as the principals. Karin Church’s current role is not stated elsewhere on the site. The site says a Certified Exchange Specialist is on staff but does not name the person, so cesHolders stays empty.

Experience figures differ by page and date: the homepage says “over 25-years of combined experience,” the security page says “30+ years” and “over 4,000” exchanges, and the 2015 white paper says “over 3,000.” These are firm claims, not ratings.

Freshness: WordPress reports the site’s pages as last modified between 2015 and May 2024, and the insurance link is broken. Treat this file as describing the published program, and confirm it is current before relying on it.

Company FEA, a fee card, float, state registrations, and DST are not on the pages opened 2026-09-29. FEA’s Find a QI Company directory, searched the same day for “National Exchange” and “NExT,” returned no NExT1031 listing (only Nextphase 1031 Exchange, LLC, a different firm), so company FEA stays unknown.

Office: 2733 N Power Road, Suite 102, Unit #410, Mesa, AZ 85215-1693. 855-NXT-1031 (855-698-1031).

Ask National Exchange Titleholder 1031 Co. for current fidelity bond and E&O certificates, the bank and account title, whether a qualified escrow account will be used, and who the two authorized signers are — then read those papers, not this summary.

Sources

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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.

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