Category: Press Releases

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 ProSM to facilitate their 1031 exchange business. Exchange Manager ProSM, 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.
Exchange Authority’s President and CEO, John Peculis, confirmed that Exchange Manager ProSM 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 ProSM 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.
Exchange Authority is seeing a significant reduction in the calls and emails their specialists must manage daily due to Exchange Manager ProSM 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 ProSM,” adds John.
“Exchange Manager ProSM 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.  Automating routine, repetitive processes through Exchange Manager ProSM is allowing QIs to focus on creating a much greater customer experience.” 
 
About Exchange Manager Pro SM
Exchange Manager ProSM by Accruit is a proprietary, online software application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager ProSM 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.
About Exchange Authority
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,  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

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 ProSM to facilitate their 1031 exchange business. Exchange Manager ProSM, 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.
Exchange Authority’s President and CEO, John Peculis, confirmed that Exchange Manager ProSM 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 ProSM 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.
Exchange Authority is seeing a significant reduction in the calls and emails their specialists must manage daily due to Exchange Manager ProSM 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 ProSM,” adds John.
“Exchange Manager ProSM 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.  Automating routine, repetitive processes through Exchange Manager ProSM is allowing QIs to focus on creating a much greater customer experience.” 
 
About Exchange Manager Pro SM
Exchange Manager ProSM by Accruit is a proprietary, online software application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager ProSM 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.
About Exchange Authority
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,  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

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 ProSM to facilitate their 1031 exchange business. Exchange Manager ProSM, 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.
Exchange Authority’s President and CEO, John Peculis, confirmed that Exchange Manager ProSM 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 ProSM 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.
Exchange Authority is seeing a significant reduction in the calls and emails their specialists must manage daily due to Exchange Manager ProSM 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 ProSM,” adds John.
“Exchange Manager ProSM 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.  Automating routine, repetitive processes through Exchange Manager ProSM is allowing QIs to focus on creating a much greater customer experience.” 
 
About Exchange Manager Pro SM
Exchange Manager ProSM by Accruit is a proprietary, online software application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager ProSM 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.
About Exchange Authority
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,  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

Denver, CO–Technological innovation is woven into the operational culture of Accruit.  In October 2000, Accruit became the first QI to complete a 1031 exchange via the Internet.  It was a groundbreaking approach that paved the way for further innovation.  
Leveraging technology to simplify the 1031 exchange process, Exchange ManagerSM 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.
“Technology, expertise, flexibility, and the ability to scale with our operations was key when selecting the QI for our Company,” says Patrick Esper, CAO of Home Partners. “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.”
“Accruit’s ability to build custom technology sets them apart from other QIs,” says President & CEO 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.
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.

Denver, CO–Technological innovation is woven into the operational culture of Accruit.  In October 2000, Accruit became the first QI to complete a 1031 exchange via the Internet.  It was a groundbreaking approach that paved the way for further innovation.  
Leveraging technology to simplify the 1031 exchange process, Exchange ManagerSM 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.
“Technology, expertise, flexibility, and the ability to scale with our operations was key when selecting the QI for our Company,” says Patrick Esper, CAO of Home Partners. “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.”
“Accruit’s ability to build custom technology sets them apart from other QIs,” says President & CEO 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.
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.

Denver, CO–Technological innovation is woven into the operational culture of Accruit.  In October 2000, Accruit became the first QI to complete a 1031 exchange via the Internet.  It was a groundbreaking approach that paved the way for further innovation.  
Leveraging technology to simplify the 1031 exchange process, Exchange ManagerSM 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.
“Technology, expertise, flexibility, and the ability to scale with our operations was key when selecting the QI for our Company,” says Patrick Esper, CAO of Home Partners. “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.”
“Accruit’s ability to build custom technology sets them apart from other QIs,” says President & CEO 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.
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.

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.
“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,” said Brent Abrahm, President & CEO of Accruit.
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.
“I am extremely excited to join the team at Accruit to help drive the next stages of growth at the company,” said Holtkamp. “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.” 
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.
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.
About Accruit
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.

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.
“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,” said Brent Abrahm, President & CEO of Accruit.
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.
“I am extremely excited to join the team at Accruit to help drive the next stages of growth at the company,” said Holtkamp. “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.” 
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.
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.
About Accruit
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.