Stewart Title Celebrates Asset Preservation Inc.’s 25th Anniversary
HOUSTON (June 9, 2015) – Stewart Title® is excited to celebrate the 25th anniversary of Asset Preservation, Inc. (API), a 1031 qualified intermediary committed to providing exchange customers with unmatched service and the highest level of security when they need to trade one business or investment asset for another.
API started as a subsidiary of Placer Title Company in Northern California in September of 1990, during a time when there was very little 1031 exchange activity. Stewart acquired the company in 1993, and as a national provider of title insurance products and services, supported a national platform for API’s qualified intermediary services, financial backing and the institutional controls associated with a publicly traded company.
“API has been a great asset for Stewart over the last couple of decades,” said Matt Morris, CEO of Stewart Information Services Corporation. “We’re honored to celebrate its 25 years of commitment to the 1031 exchange industry and its customers, and we look forward to many more years to come.”
“I speak for API as a whole in saying a heartfelt thank you to all of our clients and partners, who have given us a chance to prove our dedication to serving them to the highest possible degree,” said Javier G. Vande Steeg, co-founder and president of API. “I love working with you on your transactions and showcasing our 25 years of experience and expertise.”
Since Stewart’s acquisition, API has expanded at a rapid pace with a presence today in most states around the country. The group has successfully facilitated more than 150,000 tax deferred exchanges and is a recognized national leader in the “Qualified Intermediary” industry. For more information, visit http://www.apiexchange.com.
Stewart Title Company is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family. Stewart provides these services to homebuyers and sellers; residential and commercial real estate professionals; mortgage lenders and servicers; title agencies and real estate attorneys; home builders; and United States and county governments. Stewart also provides loan origination and servicing support; loan review services; loss mitigation; REO asset management; due diligence for capital markets; collateral valuations; home and personal insurance services; tax-deferred exchanges; and technology to streamline the real estate process. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, and is the preferred real estate services provider. More information can be found at http://www.stewart.com/news, subscribe to the Stewart blog at http://blog.stewart.com or follow Stewart on Twitter @stewarttitleco.
Trademarks are the property of their respective owners.
# # #