Marcum LLP
Industries

Real Estate

 

The Firm's Real Estate Group specializes in providing financial, tax and accounting solutions. Marcum provides a full range of services to real estate owners, developers, managers, REITs, private equity funds, institutional investors hotel owner operators and other real estate related entities.

Our expertise includes financial statement preparation, tax return preparation, tax consulting, investor reporting, accounting systems, partnership cash flow modeling and transactional services.

The Real Estate 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 ensures that our clients maximize the value of their real estate holdings.

CONTACT THE NATIONAL LEADER
Daniel  Vitulli, Partner-in-Charge, Real Estate Group, Real Estate Group
Partner-in-Charge
Real Estate Group
1.888.580.7745


 

Scope of Services

The Real Estate Group provides a full range of assurance, tax and consulting services to the real estate industry including private equity funds, real estate investment funds, REITs, pension advisors and private real estate companies including:

Assurance Services

  • 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

  • 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

  • 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 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.
 

Why Choose Marcum?

The professionals in the Real Estate Group have years of experience and expertise to perform at the highest level. Our partners have spent their careers building strong reputations among real estate leaders. From day one to the completion of our engagement, you'll have ongoing access to a partner who will make sure you get the comprehensive advice your investment deserves.

Our background encompasses:

  • Private and public REIT's.
  • Office buildings.
  • Condo conversions.
  • Hotels.
  • Shopping centers.
  • Industrial buildings.
  • Storage centers.
  • Golf courses.
  • Land.
Real Estate
 

Related News

The Mann Report published an article by Tax Partner Kurt Koegl about the residential real estate market in New York City.


As Seen In

The Mann Report published an article by Tax Partner Kurt Koegl about the residential real estate market in New York City.

There is no place in the world like New York City - ask anyone who lives here. Residents can walk out of the door of ....

Entrepreneur magazine interviewed Tax Partner Kurt Koegl about the financial dynamics of retail vacancies and leasing, for an article about the challenges facing Main Street America.


As Seen In

Entrepreneur magazine interviewed Tax Partner Kurt Koegl about the financial dynamics of retail vacancies and leasing, for an article about the challenges facing Main Street America.

Whether or not you have a retail store, you've seen the problem: Storefronts are shuttered on streets nationwide. And when one store closes, others will ....

The Hartford Business Journal published a column by Philadelphia Real Estate Chair Edward Reitmeyer for its latest real estate focus, on how commercial property owners are impacted by the new tax law.


As Seen In

The Hartford Business Journal published a column by Philadelphia Real Estate Chair Edward Reitmeyer for its latest real estate focus, on how commercial property owners are impacted by the new tax law.

The Tax Cuts and Jobs Act is the most sweeping change to the U.S. federal income tax laws in over three decades, and it will ....

The Mann Report published a column by Marcum Tax Partner Edward Reitmeyer, about the Firm’s upcoming Real Estate Summits.


As Seen In

The Mann Report published a column by Marcum Tax Partner Edward Reitmeyer, about the Firm’s upcoming Real Estate Summits.

The Tax Cuts and Jobs Act of 2017 places a limit on the amount of interest expense that businesses can deduct on their tax returns. ....

The San Francisco Business Times quoted Regional Managing Partner Jeff Pera in an article about how new federal, state, and local tax laws are impacting the Bay Area housing market.


As Seen In

The San Francisco Business Times quoted Regional Managing Partner Jeff Pera in an article about how new federal, state, and local tax laws are impacting the Bay Area housing market.

President Trump's tax overhaul limiting the deductions for mortgage interest as well as state and local taxes paid is already taking a toll on the ....

The Mann Report published an article by Senior Manager Daniel Baskin about the market for residential real estate in New York City’s Tribeca neighborhood


As Seen In

The Mann Report published an article by Senior Manager Daniel Baskin about the market for residential real estate in New York City’s Tribeca neighborhood

Over the past decade, as New York City's neighborhoods have continued to grow and change, an influx of new developments have followed to take advantage ....

Real Estate Brochure

DOWNLOAD
 
 
 
 
HAVE A QUESTION? ASK MARCUM
 
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

Learn More

CONNECT WITH US
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATIONS

Leading Edge Alliance

Privacy Policy

This website uses cookies to learn how visitors interact with our website so that we can improve our services and your online experience. By using this website, you agree to our privacy policy.