ABOUT

Accruit is the leading, independent, trusted managed service provider of 1031 exchanges. We specialize in these complex financial instruments so you don’t have to, allowing you to focus on your business. Through our modern technology systems, comprehensive set of solutions and highly-credentialed subject matter experts, you can feel confident that the job will be done to the highest standards.

Patented 1031 Exchange Software

Accruit’s customized technology,   The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager SM  is a patented 1031 exchange technology solution, hosted on Microsoft Azure.  The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager provides:

  • 24/7 secure, online access to all 1031 exchange data, documents and reports
  • Allows for single-entry data
  • Auto-generates all required exchange agreements, assignment, and notifications.

The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager drives bottom line results, consistent delivery of services, and state of the art security through efficient workflows and the automation of routine, repetitive processes supported by industry professionals.

1031 Exchange Services

Our specialists facilitate all types of real estate 1031 exchanges, including:

To learn more our like-kind exchange services, contact us! 

Advocacy

As a Board-level member of the Federation of Exchange Accommodators (FEA), Accruit is actively involved in the association’s efforts in Washington D.C. to engage and educate legislators and others on the value that  Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s represent to the nation’s economy.

Brent Abrahm, Accruit’s CEO, is a past FEA President and former Co-Chair of the FEA’s Government Affairs Committee.

Max A. Hansen, one of Accruit’s Managing Directors, is a past FEA President, former Co-Chair of the FEA’s Government Affairs Committee and still an active member on the Committee.

Education and Training

As part of our mission to educate on and advocate for the 1031 industry, we regularly host webinars and trainings on a variety of topics, including:

And many more! We are happy to meet with you and your team, whether in your office or virtually, to help your team better understand  Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s and how to offer them to your customers.

Our team of  Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange  Subject Matter Experts and Sales Executives are available to co-present on one of your webinars as well.

HISTORY

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Accruit is formed in March by industry pioneers Brent Abrahm and Todd Fisher. In the beginning, the company operated as an Application Service Provider (ASP) and qualified intermediary (QI), for hosted software solutions based on like-kind exchanges. The original company was “e-LKE,” and early accomplishments include the creation of one of the country’s first high-volume repetitive personal property 1031 like-kind exchange programs.

In October, the company completes the first 1031 exchange completely via the Internet.

British Petroleum, (BP) becomes the Company's first Program Client, utilizing an online workflow for oil & gas production equipment. Fisher & Abrahm file for initial patent with US Patent & Trademark Office for this process.

KineticWorks, the sole development firm used by Accruit, is acquired to continue the expansion of developing software for the like-kind exchange process.  

Wagner Equipment Company makes sizeable investment into Accruit to support expansion in the heavy equipment industry.

Deloitte and Accruit sign a marketing alliance agreement offering tax advisory and 1031 exchange services nationwide.

Accruit signs its 100th Program Client, managing over $6B in LKE proceeds and over 95,000 assets.

Accruit and Ritchie Bros. Auctioneers form strategic marketing relationship and Peter Blake, CEO of Ritchie Bros. joins the Accruit Board of Directors. Joseph Lane, former president of IBM Global Finance, joins Accruit's Board of Directors.  

President & CEO Brent Abrahm is elected to the Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s Board of Directors.

Accruit partners with Inter-Atlantic Group, a private equity firm from New York, to increase investments in Accruit's 1031-LKE software technology.  

Accruit awarded US Patent: Apparatus, systems and methods for transacting and managing like-kind exchanges U.S. Patent No. 7,379,910, 

Associated Equipment Distributors recognizes Accruit for the 6th consecutive year as their exclusive Preferred Provider of 1031 Services.

In 2010 Accruit announces an unprecedented new joint business relationship with tax advisory leader PricewaterhouseCoopers. PwC and Accruit have more than 20 years of combined experience providing like kind exchange program services. The joint business relationship enables PwC and Accruit to work together (where permitted by professional and regulatory requirements) to deliver a comprehensive LKE program solution that leverages PwC’s experience in providing LKE tax advisory services and Accruit’s knowledge in delivering LKE QI services.  

Brent Abrahm is elected as the President of the Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s.

On September 30th, Accruit completes the stock acquisition of North Star A 1031 exchange conducted under the safe harbor 1991 Treasury Regulations wherein the replacement property is received up to 180 days after the disposition of the relinquished property. Typically what people mean when referring to a 1031 exchange, Starker exchange, like-kind exchange, delayed exchange, etc. Deferred Exchange (NSDE), led by Martin Edwards, headquartered in Chicago, Illinois, from BMO Financial Corporation. Since 1997, North Star A 1031 exchange conducted under the safe harbor 1991 Treasury Regulations wherein the replacement property is received up to 180 days after the disposition of the relinquished property. Typically what people mean when referring to a 1031 exchange, Starker exchange, like-kind exchange, delayed exchange, etc. Deferred Exchange LLC has been a national provider of QI and Exchange Accommodation Titleholder (EAT) services for complex exchanges of both real and personal property, specializing in reverse, build-to-suit and improvement exchanges. Included in this acquisition is NSDE's Independent Director/Independent Manager Services.

Accruit signs joint marketing relationship with EnergyNet, an online Oil & Gas Marketplace, to provide 1031 exchange services.

The Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s appoints another Accruit executive to the Board of Directors.  

PwC & Accruit's joint business relationship secures 1031 business with top 10 worldwide bank, H&E Equipment, John Deere Financial, and TCF.

Accruit's CEO, Brent Abrahm, co-Chairs the Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s' Government Affairs Committee amidst tax reform efforts limiting the use of 1031s.  

Accruit and PwC are named as the AED preferred provider for delivering a comprehensive 1031 tax advisory solution .

The Tax Cuts and Jobs Act of 2017 repeals personal and intangible property from eligibility for 1031 exchange, leaving only real property as eligible for an exchange. 

Accruit invests significantly in technology to support a scaled service offering of real property exchanges.

Accruit acquires Montana-based qualified intermediary, American Equity The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange , founded in 1991 by 1031 veteran, Max A. Hansen. Max joins the Accruit team as Managing Director and continues to expand the business across the Rocky Mountain region.

Accruit restructures company by redeeming a majority of shares from private investors.

Steven Holtkamp joins as Executive Vice President and Chief Financial Officer.

Accruit continues to protect the 1031 exchange industry through education and by playing an active role with the Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s, as members of the Board and Government Affairs Committee.

SUBSIDIARIES

Accruit’s customer base has expanded over the years and we’ve grown our offerings to better meet the needs of our clients. We have grown our company through the acquisition of other companies, each of which uniquely contributes to our diverse portfolio of services:

American Equity Exchange

Founded by Max Hansen in Dillon, Montana, American Equity Exchange managed thousands of successful exchanges from 1991 to 2018. Max Hansen, now executive vice president at Accruit, represented clients in real estate transactions, including 1031 exchanges, for 42 years. Hansen has actively practiced law since 1976, is a past president of the Federation of Exchange Same as intermediary, facilitator, or Qualified Intermediary. The party who facilitates a tax-deferred exchange by acquiring and selling property in an exchange to aid the taxpayer in complying with Section 1031 and all applicable rules. Accommodator s and still serves on the FEA Board of Directors and the Government Affairs Committee.

Bankers Escrow

One of the largest full service escrow companies in Colorado, Bankers An escrow agreement provides for the placement of money or other assets in the control of an independent third party in order to protect the parties involved in a transaction. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations contained in the escrow agreement have been fulfilled. Escrow has facilitated tax and insurance reserves, installment land contract and wrap-around mortgage servicing, lease to purchase arrangements, software code escrows, and document and cash holding escrows since 1991.

North Star Deferred Exchange

Memberships

FEA

Accruit is a board-level member of the Federation of Exchange Accommodators (FEA) and active in the organization’s efforts to engage and educate legislators and others on the value that 1031 exchanges represent to the nation’s economy. 

We have five past presidents of the FEA on our staff, as well as active members of the government affairs committee, and our team is regularly tapped to present at the FEA annual conference as subject matter experts.

Denver Metro Association of Commercial Realtors

Accruit has worked with the Denver Metro Commercial Association of REALTORS®, from sponsoring awards luncheons to training the commercial real estate force in the Denver Metro area.

REALTORS® Land Institute

Accruit's team includes proud members of the REALTORS® Land Institute.

American Land Title Association

Accruit has been a proud member of ALTA, American Land Title Association, for numerous years.

American Bar Association

Accruit has five valued team members that are also members of the American Bar Association.

Summit REALTORS®

Accruit is a proud member of Summit REALTORS®.

As a leading advocate of their unique local real estate industry, Summit REALTORS® provides REALTOR® members with the education & technology that enables them to conduct business competently and professionally.

Summit REALTORS® promotes and enforces ethical standards, encourages real property ownership and improves the quality of their community.

Attorneys' Title Guaranty Fund, Inc. (ATG®)

Attorneys' Title Guaranty Fund, Inc. (ATG®) was founded in 1964 by a group of Illinois lawyers concerned about the erosion of the lawyer's role in real estate transactions. They are the only Bar-Related® title insurance company — their agents are lawyers who issue title insurance policies as part of their law practices — in Illinois.

ATG is widely known as an advocate for lawyers and the clients they serve. Through the years, their goal has remained the same: "To provide our agents with a level of support and services that empowers them to give their clients high-quality legal assistance with real estate transactions — including title insurance and related services." 

Institute of Portfolio Alternatives

Through advocacy and industry-leading education, the Institute for Portfolio Alternatives (IPA) is committed to expanding access to real assets and creating more opportunities for retail investors to effectively balance their portfolios.

The IPA provides national leadership for the Portfolio Diversifying Investments (PDI) industry. They bring together the top asset managers, product distribution partners and industry service providers - new and established - who are dedicated to driving the industry forward through education, innovation and transparency. Learn more about the IPA.

ADISA

Accruit's CEO, Brent Abrahm, is a proud member member of The Alternative & Direct Investment Securities Association (ADISA) is a national trade association of professionals involved in primarily non-traded alternative investments.

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