(authored by RSM US LLP) Massachusetts directive explains the application of use...
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Real Estate Investment Companies
The real estate investment industry is highly dependent on market and regulatory factors. Changes in either may result in additional investments or early termination of deals. All the while, competition in Greater Boston for access to both direct and institutional investors is high. New or established investment firms with active portfolios can turn to LGA for partner-level service when seeking tax or audit compliance, or complementary services such as valuations, deal due diligence, or outsourced accounting.
What we’re talking with clients about:
How to better structure deals to drive ROI.
The additional tax considerations to be aware of when taking in foreign investments.
The pros and cons of converting a REIT to a C Corp.
Audit & Assurance Services
The structure complexity and volume of entities associated with real estate investment companies requires an audit and assurance team with the right combination of depth and breadth to effectively service your needs. LGA’s real estate investment company team has national and regional firm experience so we can deliver timely, quality financial statements to you under a client-centric service model. These audits are performed under a cost-efficient model and we work closely with your team to ensure that the financial statements are issued in accordance with the agreed upon dates. We approach these audits from a risk-based perspective, while maintaining a focus on pragmatism, which is achievable since your engagement team includes decision makers; we’re never waiting for approval from another office out of state. Experience the LGA way and the difference will be apparent to your internal financial team, as well as those charged with governance.
Business Valuation Services
Reliable valuation reports are an essential element to issuing meaningful and appropriately presented financial statements. Whether you are looking for an independent CPA firm to prepare business valuations for the various properties to provide to outside auditors or want a firm with assurance and attest experience internally to evaluate the externally prepared valuations, LGA has the team to meet your needs. Work with a team that takes the time to understand the unique aspects of your properties to arrive at a valuation that is appropriate and makes sense and eliminate the frustration of what often becomes a commoditized process.
Business & Individual Tax Services
Special profit and loss allocations, carried interest, and preferential liquidating distributions are just a few of the areas that are often reported inaccurately on tax filings for real estate investment companies. At LGA, we’ve got you covered. We have been servicing clients with complex entity structures with blocker entities and foreign investors, as well as complex operating agreements and related provisions for decades so we know what to look for to ensure that the related tax compliance properly reflects these provisions. Tax minimization is always a priority to ensure that the funds are available for future investment. We are committed to keeping current with the ever-changing tax landscape, and to providing proactive and timely communications about regulatory changes to ensure that the decisions that you are making along the way are well informed. Learn more about our tax services for businesses and investors.
Outsourced Management Accounting Services
Looking to offload the day to day accounting for the holding companies or strengthen certain aspects of the financial reporting team for either the holding companies or the related portfolio properties themselves? LGA provides customizable and scalable outsourced management accounting services that range from fundamental accounting tasks to outsourced Controller and CFO level services. Outsourcing this function allows you and your team to focus on what really matters, which is driving financial results and continued performance improvement for the various properties. In addition, LGA’s involvement can also assist with providing an added layer of internal controls, providing for the segregation of duties that is often not achievable when the work is performed in house by a smaller finance team. Work with a provider that leverages experienced auditors and CPA’s who ensure the accuracy of the financial information produced, while delivering the information in a timely fashion.
Real Estate Investment Company Resources
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Real Estate Investment Company Team Leader
Jim is an accounting professional with more than 10 years of accounting experience in both the public and private sectors. His specializations include audits of commercial real estate entities and consulting in connection with financing, acquisition and dispositions of commercial real estate. Jim has experience in a range of services from traditional assurance engagements, financial planning and analysis, outsourced accounting, and as a solution focused project manager.
Steve has been servicing the complex tax needs of investment based entities for 40 years and is a trusted advisor to his clients. He is a leader in this area and provides training to other members of the firm on regulatory compliance surrounding carried interest, special partnership allocation provisions and domestic compliance with foreign reporting requirements. Steve works closely with management and external advisors, such as tax counsel, to ensure the appropriate interpretation of the related operating agreement provisions and reporting on the related tax returns.