Brent Abrahm, CEO of Accruit, Named 2024 Colorado Titan 100

We are pleased to announce that Brent Abrahm, CEO of Accruit, an Inspira Financial solution, was named a 2024 Colorado Titan 100 by Titan CEO. The Titan 100 program recognizes Colorado’s Top 100 CEOs & C-level executives using criteria that includes demonstrating extraordinary vision, leadership, and passion. “These preeminent leaders have built a distinguished reputation that is unrivaled in their field. We proudly recognize the Titan 100 for their efforts to shape the future of the Colorado business community. Their achievements create a profound impact that makes an extraordinary difference for their employees and clients across the nation.” says Jaime Zawmon, President of Titan CEO.

Altogether, 2024 Colorado Titan 100 honorees and their companies employ over 74,000 people and generate over $43 billion in annual revenues. Accruit is proud to have Brent Abrahm acknowledged and honored for the hard work and leadership observed daily to not only the company, but the 1031 exchange industry as a whole.

Co-founder, President & CEO of Accruit, Brent Abrahm is a pioneer in developing innovative Qualified Intermediary programs for Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s for a Fortune 500 Company. Brent’s commitment to driving business forward and using redirection as a catalyst for growth is unmatched. In 2017, personal property exchanges were removed from the tax code as part of the Tax Cuts and Jobs Act, as well as nearly 75% of Accruit’s revenue. Many leaders would throw in the towel at what seems to be the end of the road. However, Brent’s adaptability was instrumental in identifying the power and nimbleness of technology, which lead to Accruit replacing all lost revenue by the end of 2019 through focusing solely on real estate Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s. This was accomplished by the programming and patenting of Exchange Manager Pro^SM, Accruit’s Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange software that accurately streamlines the exchange process. By building on the competitive edge patented software brings, Accruit has outpaced competitors who have focused on real estate Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s for decades. From 2019 to 2023, commercial real estate transactions were down 22%, Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange transactions were up 15%, and Accruit grew its transactions 84%. 

When asked what Brent’s 5-year vision is for Accruit, he stated, “Accruit will participate in every 1031 exchange through one of our technology workflows supporting a consistent safe-harbor transaction.  Accruit is investing in people, processes and technology that encourages 1031s transacted through an embedded QI service as a back-office workflow that supports economic growth while reducing friction in real estate transactions.  This will be the way all real estate investments are transacted.”

In addition to his success and undeniable leadership at Accruit, Brent has been involved with the Federation of Exchange Accommodators (FEA) for over 20 years. He joined the board of directors, rose to President in 2010, and was awarded the FEA President’s Award in 2009 & 2016, a distinction that recognizes the individual’s dedication and service to FEA members as well as the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange industry. After his FEA presidency, Brent has not wavered in his commitment to the FEA and industry as a co-chair of the Government Affairs Commitee for five years, he continues to travel to Washington D.C., lobbying for Section 1031 to various administrations who propose hard limits on exchanges. In addition to these industry accolades, Brent has created a workplace where employees are proud and excited to work and provide top-tier customer service. Both Accruit employees and their clients give the company a world-class designation as defined by Net Promoter Score.   

“Have patience with a disruptive idea. Invest in the right people and surround yourself with the brightest minds who support your vision while effectively testing and challenging your plan and don’t hesitate to move on from those who don’t meet this criterion.” – Brent Abrahm

The awards celebration where recipients are honored will be held at Magness Arena in Denver, CO on May 30^th, 2024.