Accruit's sole business is facilitating Like-Kind Exchanges (LKEs). Our companies handle all types of LKEs including real estate, business assets, collectibles, franchises and more. We facilitate complicated transactions such as reverse, build-to-suit or improvement exchanges nationwide. With tightly defined processes, one-on-one personal service and a comprehensive audit trail, we make the entire exchange easy on you.
Internal Revenue Code (IRC) rules mandate that all LKEs, except simultaneous exchanges, must be handled by a disinterested third party. This third party–the qualified intermediary (QI)–may not be your attorney, accountant, agent or other person related to you or your business. Accruit serves as a qualified intermediary who links the sale and the purchase together to create a viable exchange. We hold sale proceeds, prepare the necessary documentation and disburses proceeds, as specified in the tax code. The QI performs a crucial role and when it comes to choosing your QI it is important to demand high standards .
Denver, Colorado-based Accruit, LLC is the nation’s leading provider of qualified intermediary and 1031 like-kind exchange program solutions, serving more than 20 industries. Accruit handles all types of LKEs, including real estate, business assets, collectibles, and franchises; they facilitate all types of forward, reverse and improvement exchange transactions nationwide.
Since 2010, through a joint business relationship, Accruit and PricewaterhouseCoopers (PwC) together provide clients the absolute highest level of expertise in 1031 LKE program management. A year later, Accruit expanded its real estate and franchise exchange offerings through the strategic acquisition of North Star Deferred Exchange LLC, a Chicago-based national provider of QI and Exchange Accommodation Titleholder (EAT) services, in order to provide the exchange industry with one of the broadest service offerings available.