445 Broad Hollow Road, Suite 25
Melville, NY 11747
p 877.701.1031
f 877.703.1031

March 28, 2022

Legal 1031 Exchange Services, LLC (“Legal 1031”) is pleased to announce that Kensington Vanguard National Land Services, LLC (“KV”) and Legal 1031 have been acquired by Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, the nation’s sixth-largest bank based on assets and deposits.

As a current client in the midst of a 1031 exchange transaction, or an advisor of one of our exchange clients, we wanted to make sure that you were aware of this acquisition and merger. The 1031 exchange operations will continue with the same management and processing team that you have been working with. We are as committed as ever to providing you with best-in-class service.

Legal 1031 is now part of a much larger banking organization, with much greater resources, which we are confident will translate into an even higher level of service. Please rest assured that Todd R. Pajonas, Esq., President, and Matthew K. Scheriff, CPA, CES, Executive Vice President, will continue to run operations along with the rest of the Legal 1031 team.

If you should have any questions about this merger, please feel free to contact Todd R. Pajonas, Esq. () or Matthew K. Scheriff, CPA, CES () and we would be happy to speak with you.

Thank you again for working with us and we look forward to continuing to serve you and your clients.