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Construction Industry Poll
Certification Agencies
Accruit Conducts Record Number of Exchanges at Premiere 2011 Ritchie Bros. Auction
InfoNOW!
Have someone from Accruit LLC contact you with more information Click Here
March 3rd, 2011
Company: Accruit LLC
Category: Appraisers, Certification Agencies
DENVER – Feb. 24, 2011 – Accruit, LLC, the leader in like-kind exchange (LKE) and qualified intermediary services (QI), today announced that it conducted a record number of exchanges at the unreserved 2011 Ritchie Bros. Orlando auction, held last week (Feb. 15 – 19). Representing nearly five percent of the total value of items sold, this marks Accruit’s highest value of exchanges conducted in its history as a provider at this auction.
“The outstanding value of exchanges conducted at this Ritchie Bros. auction tells us that American businesses are beginning to put the recession behind them and are envisioning profitability and taxability on the horizon,” said Mike Luster, Director of Corporate Accounts for Accruit. “We’re very optimistic about this level of activity, which indicates that companies are again starting to trust and understand the significant benefits of 1031 LKE strategies.”
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