Patent ID: 8468084

Claim:
A system for managing a plurality of investment instruments adapted for performing tax deferred exchanges of real properties comprising: at least one database having: property related database entries containing information associated with at least one real property, wherein title for the at least one real property has been divided into a plurality of part interests, each one of the plurality of part interests subject to a master agreement and a reaggregation provision; and investor database entries containing information associated with holders of the plurality of part interests in the at least one real property; a report generator for generating at least one of a report required by securities laws, a report on the value of the at least one real property, a report of rental income due to each of the holders of the plurality of part interests in the at least one real property and a report of information required by said holders for reporting income tax; a communication device coupled to a network for allowing remote access to the at least one database.