PRESS RELEASES

Leading Qualified Intermediary, Accruit, Grows Their Footprint with New Hires in Montana and Florida
05/12/22
Accruit, a leading, national Qualified Intermediary for 1031 exchanges and developer of the patented, 1031 exchange technology Exchange Manager ProSM, announces the ...
Authored by: Karlee Kilbey
Authored on: Thu, 05/12/2022 - 17:13
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<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif">DENVER, CO, May 12, 2022 – Accruit, recently welcomed Jonathan Barge, J.D. to their team of staff attorneys. Jonathan joins Accruit after nearly 20 years in public service in the United States Air Force and as a law enforcement officer for the Bozeman, Montana Police Department. Additionally, Accruit welcomed Brad Dugger, a licensed REALTOR®, with over 10 years’ experience in the Real Estate Industry to the internal sales team, after his most recent role as Lead National Agent Development Trainer at Realogy Title Group. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif">Jonathan is an active member of the Montana State Bar Association, his legal experience, client-focused practice, and background in public service makes him a valuable addition to the Accruit team of staff attorneys. “What an opportunity,” said Barge. “This position allows me to work side-by-side Accruit’s renowned subject matter expert and Managing Director, Max Hansen. I’m already seeing tangible results in applying this in-house training to advise Accruit clientele and their fiduciaries on both complex and straightforward exchange transactions. I’m very excited to develop in this new role and grow Accruit’s presence in the Northwest Rocky Mountain region.” </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif">Brad has an extensive background throughout the Real Estate Industry. From being a licensed REALTOR® to developing and instructing industry leading Continued Education (CE) courses to thousands of agents nationwide, including topics such as 1031 exchanges. Brad’s vast knowledge will be a great addition to business development at Accruit. “I cannot wait to hit the ground running. I look forward to utilizing the relationships I have within the real estate industry both in Florida and the greater United States to help investors defer capital gains and other taxes on their investment properties,” stated Brad.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif">“We couldn’t be more excited to grow our footprint in Montana, and the Rocky Mountain Region as a whole, as well as within Florida and other Southern states with the addition of both Jonathan and Brad,” stated Steve Holtkamp, Executive Vice President of Accruit. </span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,serif"><u>About Accruit</u></span></span></p>

<p><span style="font-size:12.0pt"><span style="font-family:&quot;Times New Roman&quot;,serif">Accruit is a leading independent, national Qualified Intermediary with over 20 years in the 1031 exchange industry, providing 1031 exchange service across all 50 states and specializing in all types of exchanges from forward, reverse, built-to-suit/improvement to non-safe harbor exchanges. Through its’ patented, 1031 exchange workflow technology, Exchange Manager Pro<sup>SM</sup>, Accruit is proud to offer clients best in class customer service</span></span></p>

Fri, 05/20/2022 - 14:50
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BHX 1031 Exchange Experiences Increased 1031 Exchange Volume since Implementing Exchange Manager Pro(SM)
04/27/22
BHX 1031 Exchange implemented the patented 1031 exchange workflow technology, Exchange Manager ProSM, in mid-January 2022 and has seen a 50% increase in 1031 exchange ...
Authored by: Karlee Kilbey
Authored on: Wed, 04/27/2022 - 21:06
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<p>DENVER, CO, April 27, 2022 – BHX 1031 Exchange, an independent Qualified Intermediary (QI) has seen a 50% increase in 1031 Exchange volume and at least a 50% reduction in laborious exchange processes since implementing Exchange Manager Pro<sup>SM</sup>. Exchange Manager Pro<sup>SM</sup>, a patented technology solution for 1031 exchanges, features autogenerated exchange agreements, assignments, and notifications. The cloud-based system allows for access to all 1031 exchange data, documents, and reports 24/7 from any device.</p>

<p>BHX 1031 Exchange’s CEO and Founder, Brad Horton, implemented Exchange Manager ProSM after outgrowing his original cumbersome software that required photocopying documents, manila file storage and manual, time-consuming tasks for each exchange. Brad stated that implementing Exchange Manager Pro<sup>SM</sup> was, “one of the better decisions” he ever made. The digital solution eliminates paper processes and the need for storing paper files.</p>

<p>BHX notes that some of the most beneficial features of Exchange Manager Pro<sup>SM</sup> include: the ability to have all information in one click, efficiencies created through single-entry data, and the support provided during implementation, training and beyond. “It is like having two or three brains without having to issue paychecks,” said Brad.</p>

<p>“We couldn’t be more excited to see the results Brad and BHX 1031 Exchange are seeing with Exchange Manager Pro<sup>SM</sup>. Our one-of-a-kind, patented 1031 exchange software can revolutionize the industry, becoming the standard method by which all 1031 exchanges are processed,” stated Brent Abrahm, President and CEO of Accruit.</p>

<p><strong>About Exchange Manager Pro SM</strong></p>

<p>Exchange Manager Pro<sup>SM</sup>&nbsp;is a proprietary, online software application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager Pro<sup>SM</sup> was designed to automate routine functions of Qualified Intermediaries including: online client onboarding, document creation and distribution, and automatic deadline reminders and notifications.</p>

<p><strong>About BHX 1031 Exchange</strong></p>

<p>BHX 1031 Exchange, founded by Brad Horton, with over 27 years’ experience in 1031 tax exchanges involving over 7,000 transactions throughout the country. Brad has been involved in the Arizona real estate marketing since 1977 and has over 45 years’ experience including purchasing properties for investors, mortgage lending, and teaching continuing education such as contract law, Understanding the 1031 Exchange.</p>

Thu, 05/12/2022 - 17:17
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Exchange Authority Successfully Implements Exchange Manager Pro(SM)
02/16/22
Exchange Authority completed the implementation of the recently licensed Exchange Manager ProSM by Accruit. The proprietary 1031 exchange software features paperless ...
Authored by: Karlee Kilbey
Authored on: Wed, 02/16/2022 - 23:14
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<p>DENVER, CO, February 15, 2022 – Exchange Authority, a subsidiary of Fidelity Bank in Leominster, MA, became the first Qualified Intermediary (QI) to implement Exchange Manager Pro<sup>SM</sup> to facilitate their 1031 exchange business. Exchange Manager Pro<sup>SM</sup>, a patented SaaS offering, hosted on Microsoft Azure, provides 24/7 secure, online access to all 1031 exchange data, documents, and reports. It allows for single-entry data to auto-generate required exchange agreements, assignments, and notifications.</p>

<p>Exchange Authority’s President and CEO, John Peculis, confirmed that Exchange Manager Pro<sup>SM</sup> has offered his team a one-stop-shop for 1031 exchanges, from document creation, automated communication, calendar reminders, and status tracking throughout the entire exchange process. “Exchange Manager Pro<sup>SM</sup> is a solution made for QIs, by a QI that truly understands the technical side of 1031 Exchanges and therefore provides a true solution,” stated John.</p>

<p>Exchange Authority is seeing a significant reduction in the calls and emails their specialists must manage daily due to Exchange Manager Pro<sup>SM</sup> providing their team a real-time dashboard of the exchange status and automated updates to the client. “After internal analysis, we expect to decrease the time spent on tedious, back-and-forth communication by 30-50% with Exchange Manager Pro<sup>SM</sup>,” adds John.</p>

<p>“Exchange Manager Pro<sup>SM</sup> is an out-of-the-box solution for all Qualified Intermediaries that are looking to increase efficiencies, security, and volume, without increasing staff,” said Brent Abrahm, Accruit’s President and CEO. “We are excited about the impact this technology is having on the entire real estate industry.&nbsp; Automating routine, repetitive processes through Exchange Manager Pro<sup>SM</sup> is allowing QIs to focus on creating a much greater customer experience.”&nbsp;</p>

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<p><b>About Exchange Manager Pro<sup> SM</sup></b></p>

<p>Exchange Manager Pro<sup>SM</sup> by Accruit is a proprietary, online software application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager Pro<sup>SM</sup> was designed to ease the administrative burdens related to like-kind exchanges and automate routine functions of Qualified Intermediaries including: online client onboarding, document creation and distribution, and automatic deadline reminders and notifications.</p>

<p><b>About Exchange Authority</b></p>

<p>Exchange Authority has been assisting clients and their professional advisors throughout the United States on exchange matters and acting as a Qualified Intermediary since Congress adopted the exchange safe harbor regulations in 1991. As a Qualified Intermediary,&nbsp; Exchange Authority advises and educates their clients on the process, creates all required documents, coordinates the exchange of funds, and provides full reports at the end of the exchange. In 2008, Exchange Authority was acquired by Fidelity Cooperative Bank, making it a wholly-owned subsidiary of the bank. Learn more about <a aria-label="Exchange Authority" href="https://exchangeauthority.com&quot; title="Exchange Authority">Exchange Authority</a>.</p>

Fri, 05/20/2022 - 15:21
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Accruit announces major release of Accruit Exchange Manager(SM) software
07/30/20
Read more about how Accruit became the first QI to complete a 1031 exchange via the Internet.
Authored by: Anonymous
Authored on: Thu, 07/30/2020 - 19:18
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<p>Denver, CO--Technological innovation is woven into the operational culture of Accruit.&nbsp; In&nbsp;October 2000, Accruit became the first QI to complete a 1031 exchange via the Internet.&nbsp; It was a groundbreaking approach that paved the way for further innovation.&nbsp;&nbsp;</p>

<p>Leveraging technology to simplify the 1031 exchange process, Exchange ManagerSM&nbsp;offers a paperless workflow, tracking transactions in real time while also maintaining security standards required to protect 1031 exchange details. Architected with proven technology from Fortune 100 companies, the software is hosted in a redundant and fault-tolerant cloud data center, ensuring 24/7/365 availability. Data is encrypted and continuously backed up; access to the application is secured behind a robust web application firewall.</p>

<p>"Technology, expertise, flexibility, and the ability to scale with our operations was key when selecting the QI for our Company," says&nbsp;Patrick Esper, CAO of Home Partners.&nbsp;"Accruit's ability to integrate their platform with our process and evolve as our needs have change while ensuring our 1031 transactions are properly managed has been pivotal to our growth strategy."</p>

<p>"Accruit's ability to build custom technology sets them apart from other QIs," says President &amp; CEO&nbsp;Brent Abrahm. This latest release expands the complete online workflow by launching functionality and tighter integrations with channel partners, high-volume clients, and tax advisors. Other features include integrating intake forms with third party back-end systems and communicating instantaneously with deal information.</p>

<p>Personal service is central to the Accruit experience. Exchange Manager handles the administrative burden of exchanges which provides Accruit representatives and subject matter experts time and flexibility to address a clients' unique needs.</p>

Wed, 03/10/2021 - 01:24
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Accruit prepares for rapid growth with the addition of Steve Holtkamp as Executive Vice President & Chief Financial Officer
03/18/20
Accruit announces the addition of Steve Holtkamp as the company’s Executive Vice President and Chief Financial Officer.
Authored by: Anonymous
Authored on: Wed, 03/18/2020 - 17:13
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<p>DENVER - Accruit, a leading national qualified intermediary and back-office managed service provider of 1031 like-kind exchanges, today announced the addition of Steve Holtkamp as the company’s Executive Vice President and Chief Financial Officer. Holtkamp comes to Accruit with an impressive background in leading growth stage businesses.</p>

<p><em>“We’re incredibly fortunate Steve is joining us as we celebrate 20 years in business, open new regional offices, and expand our technology leading 1031 like-kind exchange solutions,"</em> said Brent Abrahm, President &amp; CEO of Accruit.</p>

<p>Holtkamp joins Accruit with experience in growing businesses across hospitality and the financial sector and is passionate about building trust and relationships with clients. In his most recent role as Chief Strategy Officer for Hotel Engine, a rapidly growing hotel booking platform, Steve’s tenure included leading sales, operations and the company’s initiatives expanding into public sector travel. Holtkamp is a huge proponent of empowering employees and providing recognition when objectives are achieved. It is this approach to team building that makes him an excellent addition to the Accruit culture.</p>

<p><em>“I am extremely excited to join the team at Accruit to help drive the next stages of growth at the company,”</em> said Holtkamp. <em>“There are so many talented individuals at the company who have contributed to their market leading technology and expertise. I am thrilled to build on their momentum.”</em>&nbsp;</p>

<p>Prior to Hotel Engine, Holtkamp spent ten years with Morgan Stanley, where he became a top performing Private Wealth Advisor. Holtkamp, raised in rural Iowa, earned his MBA from Columbia Business School and is a CFA charterholder.</p>

<p>Primarily focused on growth, Steve's leadership is critical as Accruit continues to innovate and lead in the 1031 exchange industry as it enters its third decade of business. Holtkamp will be based out of the Accruit Headquarters in Denver, CO.</p>

<p><strong>About Accruit</strong></p>

<p>Since 2000, Accruit has helped thousands of businesses and individuals defer taxes on investment property, nationwide. Through the use of its cloud-based technology, Accruit—a leading, independent, trusted qualified intermediary—enables law firms, individual investors, and banks to have complete transparency into exchange transactions anytime, via any device. Accruit’s staff boasts attorneys and tax experts to handle the most complex transactions. The company’s leadership team is nationally renowned for their contribution, support and advocacy in the IRC section 1031 of the federal tax code.</p>

Wed, 03/10/2021 - 01:25
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Accruit Addresses the Safety of our Employees and the Needs of our Clients During the COVID-19 Outbreak
03/13/20
With a focus on protecting our employees and limiting the unnecessary spread of this novel coronavirus, Accruit and its subsidiaries ...
Authored by: Anonymous
Authored on: Fri, 03/13/2020 - 19:46
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<p>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, &amp; 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.</p>

<p>For the last two years, Accruit has processed our clients’ exchanges 100% paper free through our Accruit 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.</p>

<p>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.</p>

<p>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.</p>

Wed, 03/10/2021 - 01:25
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