ABOUT

Accruit is now a proud member of the Inspira Financial family of companies, offering 1031 Exchange Qualified Intermediary services and technology solutions.

For over 23 years, Accruit has been a national, leading 1031 exchange Qualified Intermediary and 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 Accommodation Titleholder, specializing in all types of 1031 exchanges from simple to the most complex.

We specialize in this complex, tax deferral strategy to help preserve wealth, build investments, and secure financial wellbeing. 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 ProSM  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 Managed ProSM achieved SOC 2 Compliance after successfully completing a System and Organization (SOC) 2, Type II audit, achieving compliance with the industry leading standards for customer data security. 

Benefits of 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 ProSM include:

  • Improved accessibility with 24/7 secure, online access to all 1031 exchange data, documents and reports
  • Increased efficiency through improved process flow and single-entry data
  • Simplified Document Creation: Auto-generates all required exchange agreements, assignment, and notifications
  • Data Security through electronic document execution for a paperless process

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 ProSM 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:

In addition, our team has extensive experience structuring complex 1031 exchanges including some of the following property types or scenarios:

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.

David Gorenberg, one of Accruit's Managing Directors, is a past FEA President and former Co-Chair of the FEA's Ethics Committee.

Steve Holtkamp, Accruit's Senior Managing Director and CFO, is a current FEA board member. 

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

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
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.
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.
Accruit's Managed Service offering increased over 350% YoY with a total of 32 signed Managed Service Facilitators in 2022. Exchange Manager ProSM SaaS licensing propelled to 27 clients live at the end of 2022. 
Accruit completed the strategic sale to Inspira Financial, formally Millennium Trust Company, allowing for accelerated growth and additional opportunities to continue revolutionizing the 1031 exchange industry.

GROWTH

Accruit completed the strategic sale to Millennium Trust Company allowing for accelerated growth and additional opportunities to continue revolutionizing the 1031 exchange industry.

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

Inspira Financial

Inspira Financial, formally Millennium Trust Company, a leading provider of health, wealth, retirement and benefit solutions. For more than 20 years, Inspira Financial has provided access to and custody solutions for alternative asset investments, including real estate. Inspira Financial solves important business challenges through innovative financial wellness solutions that help people plan, save and invest. With clients holding over $55 billion in assets under custody, Inspira Financial uses decades of expertise and strong partnership with the financial community to empower employers, advisors and institutions to help people achieve short-term and long-term financial security.

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.

Advocus (formerly ATG®)

Advocus, formerly 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.

Advocus 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." 

California Land Title Association

Rental Property Owners Association

What our customers think about us

Michael Huddleston, in the last week

Without question the best 1031 exchange company I have ever worked with. Marita is a pro and takes all the guess work out of the process. She has managed four exchanges for me in the past year and will continue to be my agent of choice in the future. No need to search any further!

Kenny Brower, in the last week

A great service, performed with expceptional communication. A++

greg oswald, in the last week

Every person involved in our exchange would hold your hand and walk you through the process if necessary. Great folks. We are already scheduling another exchange. Regards Oswald’s

Brigitte Echave, a week ago

Marita Kazos has been very responsive and helpful over the last 6 months that I have been working with her. When embarking on any new system it can be intimidating, no matter how much you know the subject matter the software can throw you off of your game. I have been able to reach Marita immediately with any needs I might have. She is always pleasant and never avoids helping. If Marita can't help, because the back end needs to get involved, then she finds the help you need and gets a teammate involved. I enjoy working with Marita and look forward to our future interactions. Thank you Marita - Brigitte

Amanda Snyder, a week ago

What an interesting class. So much information presented in a digestible way.