Aloha 1031 Exchangors act as accommodators or facilitators for real estate or personal property exchanges performed under § 1031 of the IRS Code. That Code allows investors to defer capital gains taxes on the sale of property held for investment or for a business use. It can be either personal or real property. The process requires the sale of “relinquished properties” and exchange for “replacement properties.” Although it can be a direct, immediate swap, it usually involves a deferred exchange on the sale of one property and the later purchase of another. There are both timing and procedural requirements to qualify. One of them is the use of an Accommodator to hold the funds. The Accommodator’s function is not only to hold funds during the period of the exchange and to make them available for the purchase of the replacement property; but to assure that all requirements are properly met and procedures properly followed.