1031 Exchanges

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Section 1031 Exchange

Compass provides exchange services for real estate, aircraft, oil and gas interests, artwork, trademarks, brands, railroad assets, and leased capital assets, as well as other tangible and intangible assets. Our clients own property and wish to sell property, buy replacement property, and defer paying taxes.

Compass has the expertise and flexibility to fully service all of our clients' exchange needs. In addition to providing industry-leading exchange services, Compass is dedicated to providing its clients with safety and security in all of their exchanges.

Compass is a wholly owned subsidiary of Rockland Trust Company whose parent company is Independent Bank Corp (NASDAQ: INDB). 

Rockland Trust specializes in lending to condominium associations, homeowner associations and property management firms. Whether your association has a large capital reserve project, faces overruns in critical and volatile budget-line items such as snow removal, or is just trying to lessen the economic impact of a large assessment to your unit owners, our team of professionals will work with you to design a lending solution to meet your needs.

In the past, we have provided condominium associations with loans for everything from small-scale projects of $10,000 to large deals of $50 million.

To Get Started

Contact the Managing Director of Compass Exchange Advisors.

Andrew F. Gelson, Esq.
Email: Andrew.Gelson

Andy is responsible for managing all of Compass' new and existing client relationships and transactions. Andy has over 25 years of experience in IRC §1031 exchanges, documenting his first of many exchanges in California in 1985. Prior to co-founding Compass, he was Senior Vice President and General Tax Counsel at J.P. Morgan Property Exchange Inc. (JPEX) where he had primary responsibility for executing more than $15 billion of exchange transactions on behalf of corporate and institutional property owners of real estate and aircraft. Prior to that, Andy practiced law focusing on real estate finance, corporate and tax law, serving as a trusted advisor to numerous successful businesses. Andy is admitted to the bar in CA and MA and holds a BS from Boston College, a JD from Southwestern University, and an LLM (in Taxation) from New York University. He is also an active member of the American Bar Association (ABA) Tax Section and the National Association of Real Estate Investment Trusts (NAREIT). Andy is also Assistant General Counsel for Rockland Trust.