The QI File

Qualified Intermediary

Towne 1031

Towne 1031 Exchange, LLC · Parent: TowneBank / bank-owned subsidiary · Firm website

FEA membership
FEA unknown
CES® holders
Leila Bradley, CES®
Fidelity bond
Not published on cited pages
E&O / other cover
Not published on cited pages
How funds are held
Segregated
Dual-signature wires
Wire controls unknown
Reverse / improvement / DST
Reverse Unknown · Improvement Unknown · DST Unknown
Last sourced
2026-09-12

Fund handling

Timeline page: proceeds from the relinquished-property sale are paid directly to Towne 1031 Exchange and held in a separate account at TowneBank until used to buy replacement property or the exchange period ends. Homepage: the firm opens an exchange account at TowneBank. Dual-signature / QEA wire control is not on the pages cited.

Who it is for

Bank-owned QI for exchangers who want Towne 1031 Exchange, LLC — a TowneBank subsidiary — to hold proceeds in a separate TowneBank account. Public brand: Towne 1031. Homepage specialists: Ute Heidenreich, President of Towne 1031 Exchange, LLC (also TowneBank general counsel on the rewards page); Leila Bradley, Vice President. A street HQ is not printed on the TowneBank 1031 pages cited. Reverse, improvement, and DST menus are not on those pages.

Verdict

Bank-owned Virginia QI with a usable custody sentence: sale proceeds paid to Towne 1031 Exchange and held in a separate TowneBank account, plus a named CES® vice president. That is enough to list. Company FEA, bond/E&O dollars, dual-signature wires, a fee card, and reverse/improvement/DST products are not on the TowneBank pages opened. Do not copy a third-party FEA-directory street address onto this file. Ask for today’s certificates, the live account title, and who can release the wire before a large transfer.

Notes

This is a QI custody file, not a securities offering. The legal name on the TowneBank 1031 pages is Towne 1031 Exchange, LLC. The public brand is Towne 1031. Homepage: “a trusted subsidiary of TowneBank.” Confirm that LLC on the exchange agreement.

The TowneBank 1031 URLs are JavaScript-heavy; the facts here are from those same primary pages as extracted 2026-09-12. Timeline (byline Leila Bradley, CES® | Towne 1031 Exchange, LLC): proceeds paid directly to Towne 1031 Exchange and held in a separate account at TowneBank until replacement purchase or the exchange period ends. Homepage: identification information is needed “in order to open your exchange account at TowneBank.” That is a bank-account custody sentence, not a published dual-signature or qualified-escrow rule.

Rewards page (Written By: Leila Bradley, CES®): she earned the CES® designation in 2023 and describes it as a voluntary FEA certification. That is a people credential. The pages cited do not say Towne 1031 Exchange, LLC is an FEA Regular Member, so feaMember stays unknown. Same page: Ute Heidenreich is TowneBank general counsel and President of Towne 1031 Exchange. Homepage team block: Ute Heidenreich, President; Leila Bradley, Vice President.

Reverse, improvement, and DST products are not published on the three pages cited. Bond and E&O dollars, float, and a fee card are unpublished. A Norfolk street address appears on third-party FEA directories and is not copied here.

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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