Accruit Addresses the Safety of our Employees and the Needs of our Clients During the COVID-19 Outbreak

With a focus on protecting our employees and limiting the unnecessary spread of this novel coronavirus, Accruit and its subsidiaries are implementing our Business Continuity Plan effective March 16, 2020. With offices in CO, MT, & IL, weather has warranted the need to implement our remote service plan in the past and our employees are well practiced in following protocol. Our operational processes for remote access mandate that our services to our clients and the needs of their exchanges must be met timely and securely. All employees will continue to operate under similar security protocols to ensure your 1031 exchanges and the associated funds remain a top priority.

For the last two years, Accruit has processed our clients’ exchanges 100% paper free through our Accruit 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 application, providing our team constant access to secured data – anytime, anywhere. You should experience no change in how you interact with our Client Services Team or our Treasury Operations. Our teams will continue to monitor your exchange transactions from remote locations. They can always be reached via the same email and phone numbers you call today. Additionally, should you need to fax your Client Service representative information regarding your exchange, please utilize our e-fax number: 1-888-892-5899.

Please stay on top of email correspondence or other communications as it relates to your exchange and alert us if you have any last-minute changes or needs that may require extra time as we coordinate with multiple parties to ensure your exchanges stay compliant.

Should you have any questions at all regarding our services, please do not hesitate to contact your Accruit representative or contact us via email at exchanges@accruit.com or directly at 1-866-397-1031. As always, you are welcome to contact me at brenta@accruit.com.