The firm's Real Estate Financial Services Group specializes in providing financial, tax and accounting solutions to real estate owners, developers, managers, REITs, private equity funds, institutional investors and other real estate related entities. Our expertise includes financial statement preparation, tax return preparation, tax consulting, investor reporting, accounting systems, construction accounting, partnership cash flow modeling and transactional services.

The Real Estate Financial Services Group offers a wide range of financial, tax and accounting services tailored to meet the specific needs of the real estate industry. These services are client customized to satisfy the requirements of the real estate investor ranging from the individual real estate owner through the largest global institutional investor. Our extensive knowledge of the real estate industry combined with our expertise in the leading real estate software packages (MRI, Yardi, IBS, Timberline, Argus) ensures that our clients maximize the value of their real estate holdings.

The professionals in the Real Estate Financial Services Group have gained valuable experience working at some of the most respected companies in the real estate industry including Tishman Speyer, RXR Realty, W.P. Carey, Vornado Realty Trust, The O'Connor Group, Jones Lang Wooton, The Rouse Company, The Schonbraun McCann Group and the E&Y Kenneth Leventhal Real Estate Group.

Services

Financial Reporting

• Monthly, quarterly and annual reporting including preparation of investor financial statements and accompanying footnotes
• Lender reporting and covenant compliance
• Asset level reporting

Outsourced Accounting

• General ledger maintenance, invoice processing and bank reconciliations
• Establish chart of accounts
• Accounting department development
• Training and oversight of accounting personnel
• Interim staffing requirements through CFO
• Operating expense billing and analysis

Construction Accounting Services

• Construction accounting and finance oversight
• Job costing
• Draw request preparation, review and approval
• Performance tracking vs budget
• Contract management

Waterfall/Promote Calculations

• Review operating agreement
• Create and maintain waterfall/promote model based on parameters in operating agreement
• Track partner contributions and distributions
• Calculate allocation of projected capital proceeds to partners

External Audit Coordination

• Manage external audit process
• Complete confirmations
• Prepare audit work papers
• Respond to auditor inquiries

Tax Services

• Federal and state tax return preparation
• Consultation regarding acquisition and sale, 1031 exchanges, cost segregation, debt financed distributions

Transactional Services

• Acquisition due diligence investigation and analytics
• Strategic investment analysis
• Lease consulting and abstracting
• Cash flow modeling (Argus)
• Property and portfolio purchase and sale closings
• Customized spreadsheets and databases