chi-Lampi_Keith (4) Keith Lampi, president and chief operating officer of Oak Brook, IL-based Inland Private Capital Corp., and newly-elected president of the Alternative & Direct Investment Securities Association.

CHICAGO—Whenever major tax reform efforts get underway, investors of all types have to be alert. Even slight changes to existing statutes can either close off or open up opportunities. A year ago, some of those involved in the world of alternative investment feared Congress could eliminate or curtail 1031 property exchanges, which allow taxpayers to defer capital gains and other tax liabilities when trading properties.