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WEST CHESTER, PA-Josh Slaybaugh, former national sales manager with Media-based DeSanto Realty Group, has formed Trade Up 1031. Slaybaugh is president, and Jeff Price, formerly with Wayne-based Trinity Capital Partners, is CFO.

Trade Up 1031 is a financial advisory that deals only in commercial real estate investments and specializes in like-kind exchanges that allow its clients to reinvest their gains from a real estate sale into fractional shares of other income-producing properties and defer capital gains. They are primarily tenant-in-common investments.

In its first full quarter of operation, Slaybaugh says his firm's high-net-worth clients invested $22 million in properties in 11 states. The purchase price of the properties typically ranges between $20 million and $50 million, he tells GlobeSt.com, and the individual investments are generally in excess of $1 million each.