About the Author

David M. Gorenberg, CES®

Vice President

David is a member of the Global Capital Markets Specialized Escrow Team, where he manages a portfolio of complex and sophisticated escrow relationships across various industries. He also plays a key role in developing and delivering escrow services to real estate, wealth, and institutional clients, as well as Qualified Intermediaries under IRC Section

Prior to joining Wilmington Trust in 2018, David was director of 1031 exchange services at Citibank. Earlier in his career, he held leadership positions with three other qualified intermediaries and was president of the Federation of Exchange Accommodators, the only national association for 1031 exchange professionals. With more than 20 years of industry experience, David speaks frequently on ethics and other issues in 1031 exchange transactions, for organizations such as the FEA and REISA, and for law firms and accounting firms around the country.

David holds a JD from Widener University School of law, cum laude, and a bachelor’s degree in political science from Rider University. He also holds the professional designation of Certified Exchange Specialist®.

A former volunteer firefighter, EMT, and Little League coach, David has served on the board of directors of various REALTOR® associations and civic groups, and other professional associations in three states and nationally.

By the Author

Five Biggest Mistakes in Choosing Your Qualified Intermediary

David M. Gorenberg, CES® |
Corporate & Institutional
Five Biggest Mistakes NC.jpg

There are several considerations when choosing a qualified intermediary for your 1031 Like-Kind Exchange.The regulations governing 1031 exchanges clearly articulate who cannot be your qualified intermediary.Knowing what not to do can assist you in finding the right qualified intermediary for your transaction.The role of a qualified intermediary (QI) is integral to a 1031 Like-Kind Exchange to manage the financial, administrative, and sophisticated reporting requirements.


Advantages of 1031 Like-Kind Exchanges

David M. Gorenberg, CES® |
Corporate & Institutional

1031 Like-Kind Exchanges offer businesses and investors the opportunity to maximize their return on real estate investments while minimizing their capital gains tax bill.  Allowable under Internal Revenue Code 1031, Like-Kind Exchanges are used to defer the payment of capital gains taxes on the sale of real property.  The basis of the relinquished property is transferred to the replacement property, thereby delaying the payment of the capital gains tax.