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.

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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
 

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Real Estate Brochure

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Contacts

Select the region to view contacts.

Daniel  Vitulli, Partner-in-Charge, Real Estate Group, Real Estate Group
Practice Leader
Partner-in-Charge
Real Estate Group
Real Estate Group
New York, NY
NY

David  Appel, Senior Partner, Tax & Business
Senior Partner
Tax & Business
Miami, FL
FL

Stuart  Backer, Partner, Real Estate
Partner
Real Estate
Roseland, NJ
NJ

Joel  Berenson, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

Keith  Blitzer, Partner, Alternative Investments, Tax & Business
Partner
Alternative Investments
Tax & Business
Melville, NY
NY

Peter E. Buell, Partner, Tax & Business
Partner
Tax & Business
New York, NY
NY

 
Maury  Cartine, Partner-in-Charge, Tax Services -  New York, Tax & Business
Partner-in-Charge
Tax Services - New York
Tax & Business
New York, NY
NY

Robert  Cohen, Partner, Tax & Business
Partner
Tax & Business
Deerfield, IL
IL

Marge  Filippelli, Office Managing Partner, Real Estate Group
Office Managing Partner
Real Estate Group
Roseland, NJ
NJ

Stephen M. Gilman, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

Kurt R. Koegl, Partner, Tax & Business
Partner
Tax & Business
New York, NY
NY

Russell  Lightman, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

 
John J. McGonigal, Office Managing Partner, Assurance
Office Managing Partner
Assurance
Philadelphia, PA
PA

Thomas  O'Reilly, Partner, Real Estate Group
Partner
Real Estate Group
Roseland, NJ
NJ

Dennis S. Pellecchia, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

James  Philbin, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

Edward  Reitmeyer, Regional Partner-in-Charge, Tax & Business Services, Tax & Business
Regional Partner-in-Charge
Tax & Business Services
Tax & Business
Philadelphia, PA
PA

Bruce  Roff, Partner, Assurance
Partner
Assurance
New York, NY
NY

 
Robert  Spielman, Partner, Tax & Business
Partner
Tax & Business
Melville, NY
NY

Christopher M. Stevens, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

Hugh  Tama, Partner, Assurance
Partner
Assurance
San Francisco, CA
CA

Philip  Weiner, Partner, Assurance
Partner
Assurance
New York, NY
NY

 
 
 
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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.

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