Overview
- Centre Street Partners publicly launched Accretus and closed its first acquisition of Atlanta Deferred Exchange on Tuesday, June 9, 2026.
- Adam Friedman, a former BlackRock AI and analytics director, was named CEO of both Accretus and ADE while ADE founder Ron Raitz will remain a minority shareholder and join the Accretus board.
- CSP is deploying capital from a reported $50 million Fund II for the deal, which the firm describes as a control majority buyout but did not disclose the purchase price.
- Accretus plans to invest in technology, hire operational staff, and expand ADE beyond the Southeast to serve 1031 exchanges nationally and broaden its suite of transaction services.
- 1031 exchanges move roughly $100 billion in annual real estate value and rely on compliance‑sensitive Qualified Intermediaries, so CSP says modernizing these manual operations with AI could speed transactions for investors and advisers and reduce operational risk.