Insights
Amid Backlash, Florida’s Foreign Principal Real Estate Law Passes Legal Hurdles
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STRENGTHEN YOUR BUSINESS’ FINANCIAL FOUNDATION
As a developer, operator, or investor, you’re no stranger to fluctuating markets and unexpected problems that eat into margins. Risks come in many forms and can impact your portfolio in surprising and unexpected ways – changes to tax laws, supply and demand issues, or macroeconomic trends. We recognize the fast pace of change in the industry, the potential pitfalls, and the need for a solid foundation to mitigate these risks.
Marcum’s Real Estate practice delivers comprehensive financial, tax, and accounting solutions that resonate with owners, developers, managers, REITs, funds, hotel owners/operators, and institutional investors’ unique needs. Our professionals are deeply immersed in the sector, guiding the nation’s leading real estate brands toward transformative business strategies. From financial statement and tax return preparation to reporting, system optimization, cash flow modeling, and transactional services, our team builds the business foundation, freeing you to build real ones.
Our clientele spans entities of all sizes, from individual owners to large global investors. Beyond offering financial, tax, and accounting services tailored to meet their needs, we leverage extensive industry knowledge to maximize the value of their holdings by embracing advanced technology – particularly efficiency-enhancing software – to drive value.
A REAL ESTATE EDGE: OUR TEAM, YOUR VISION
- A Dedicated Team: Our Real Estate Group ranks among the nation’s largest, with a remarkable track record in staff retention. This ensures a stable, familiar team dedicated to your projects.
- Personalized Attention: Receive focused care from senior-level partners who are integral to your team, providing hands-on support and personal attention to your needs.
- Transactional Experience: Regardless of the size of the deal, Marcum structures highly complex transactions across the nation and around the globe to help you accomplish your financial goals.
- Benefits beyond real estate accounting: Our professionals keep their finger on the pulse of the industry, keeping you updated on issues that impact your business through our webinars and industry events.
EXPLORE OUR SOLUTIONS
Marcum has been immersed in real estate for nearly a century, guiding many of the nation’s most prominent developers, operators, and investors on strategies to overcome challenges and reap rewards at every stage.
The Real Estate Group provides a full range of assurance, tax, and consulting services, catering to a range of clients such as private equity funds, investment funds, REITs, pension advisors, and private companies.
- Assurance Services
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- Financial statement audits.
- Real estate investment company audits.
- Due diligence and operational agreed-upon procedures reports.
- Regulated real estate projects audit.
- Reviews and compilation.
- Special-purpose audits including operating and certiorari.
- Rule 3-14 and Rule 3-05 of SEC resolutions S-X audits.
- Outsourced Accounting
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- 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.
- Waterfall/Promote Calculations
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- 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
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- Manage external audit process.
- Complete confirmations.
- Prepare audit work papers.
- Respond to auditor inquiries.
- Tax Services
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- Federal and state tax return preparation.
- Consultation regarding acquisition and sale, 1031 exchanges, cost segregation, debt financed distributions.
- Transactional Services
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- Acquisition due diligence disposition and financing.
- Strategic investment analysis.
- Lease consulting and abstracting.
- Cash flow modeling (Argus).
- Property and portfolio purchase and sale closings.
- Customized spreadsheets and databases.
- Joint Venture and Individual Property Audits
- Audits for office buildings, apartment buildings, condo conversions, hotels, shopping centers, industrial buildings, land and more. We operate in all fifty (50) states and, our ability to perform joint venture audit engagements primarily offsite provides significant savings to the owners. We also perform reviews and compilations.
- Real Estate Investment Fund Audits
- Audits of real estate investment funds at fair value accounting in accordance with Investment Company guidance.
- Agreed Upon Procedures
- Assisting owners and investors in monitoring their investments through implementing procedures to evaluate performance and compliance by their property manager or joint venture partners. Procedures can be tailored to focus on the high risk and key areas of concern or importance.
- Rule 3-14 and Rule 3-05 of SEC Regulation S-X
- Providing audits for new acquisitions in accordance with Rule 3-14 and Rule 3-05 of Regulation S-X governing the financial statement requirements for acquired properties.
- Acquisition Due Diligence
- Comprehensive due diligence including evaluation of projects, testing and review of purchase price models including Argus and NOI reviews.
- Cost Segregation
- Preparation of cost segregation studies and coordination with tax group.
Case Studies
Marcum Outshines One of the Nation’s Largest Providers of Historic Tax Credit Work
Marcum Helps Company Recover 2013 Taxes, Increasing Liquidity for Upcoming Projects
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