Accruit Expands Real Estate Division with Addition of 1031 Veteran, Paul Holloway

Denver, CO - October 8, 2015

Accruit, LLC, the nation’s leading provider of qualified intermediary (QI) services and 1031 like-kind exchange (LKE) program solutions, is pleased to announce the addition of Paul Holloway as director of real estate exchange operations.

A veteran of the 1031 industry, Paul comes to Accruit from Land Title 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 Corporation where, for 24 years, he led the 1031 tax deferred exchange program and held the roles of real estate closer, 1031 exchange specialist, and vice president of the exchange corporation.  He holds a Bachelor of Science degree in Finance from the University of Northern Colorado as well as the like-kind exchange industry’s Certified 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 Specialist (CES®) designation.

“Since 2011, we've focused on building out our real estate practice with some of the best in the industry. We're very excited about the leadership and the wealth of experience that Paul brings to the team," said President and CEO, Brent Abrahm.

At Accruit, Paul will focus on developing and maintaining relationships with brokers, attorneys and real estate-related partners in the Colorado area.  Additionally, he will help educate and train the real estate community - including brokers, accountants and legal staff - on 1031 exchanges. 

When asked about his new role at Accruit, Paul responded, "Educating real estate clients on the benefits of tax deferment has always been a passion of mine.  At Accruit, I have the opportunity to expand on this passion by offering all types of 1031s, including reverse, build-to-suit, personal property and program exchanges."