A client requested that Mr. Michelsen prepare a purchase agreement for the sale of a piece of commercial land that was part of a larger legal parcel. The purchase agreement required the buyer to process the subdivision so that a legal parcel could be sold. Thereafter, the firm monitored the subdivision process. During escrow, the client sought to purchase a property before the closing and wanted to enjoy section 1031 exchange treatment. This resulted in processing a reverse 1031 exchange with an accommodator. After the replacement property was purchased, the land was subdivided and sold, resulting in a successful exchange for the client.