Centre Street Partners forms Accretus with Atlanta Deferred Exchange
The platform starts with an Atlanta-based Qualified Intermediary handling more than 600 1031 exchanges and $500 million in proceeds annually.
Centre Street Partners launched Accretus, a technology-enabled real estate transaction services platform, around Atlanta Deferred Exchange, an Atlanta-based Qualified Intermediary for 1031 exchanges.
ADE serves property owners and investors across all 50 U.S. states, facilitating more than 600 exchanges and $500 million in exchange proceeds annually.
Terms were not disclosed for the platform formation, which gives Accretus a founder-owned operator in a fragmented 1031 exchange services market.
"ADE has spent decades earning the trust of our clients and their advisors through the dedication of our exceptional team, and I'm excited about the firm's growth prospects under Centre Street Partners' stewardship," said Ron Raitz, Founder of Atlanta Deferred Exchange.
Raitz will remain a minority shareholder and join Accretus' board, while Adam Friedman, formerly a director on BlackRock's AI & Analytics Engineering team, becomes Accretus CEO.
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