Real Estate

Align your real estate strategy and business objectives—whether your goal is to grow and expand for the future or consolidate locations for operational efficiency.

Developing and implementing capital can be a challenge as operating teams often lack the additional expertise or bandwidth to oversee and manage capital projects. Let our experience in project management, process, and controls provide confidence and trust during your development phase.

Analyzing your real estate strategy, our professionals can help you identify and seize emerging opportunities to help:

• Identify goals and objectives
• Identify key timelines and funding sources
• Review regulatory requirements
• Enhance construction planning
• Provide project leadership during implementation phase

Focus on your priorities without draining time and resources by outsourcing the management of day-to-day property functions to our professionals.

Our services can help:

• Select and manage leasing teams
• Select and manage third-party property manager teams
• Prepare capital plans, cash flows, and budgets for owner review and approval
• Analyze and enhance lease structure
• Review and manage contracts and leases review
• Analyze strategies to enhance value and holdings
• Manage debt compliance
• Manage partnership reporting and distributions
• Manage and oversee capital plans and projects

Move your business forward and overcome unexpected challenges with strategic qualitative and quantitative technical assistance.

Working closely with your management team, our professionals develop tailored strategies customized for each stage of your organization’s life cycle.

Our services can help you:

• Identify appropriate purchase, transfer, or exit options
• Oversee real estate valuation and purchase closing processes
• Develop capital plans
• Evaluate tax structuring
• Perform feasibility studies and due diligence
• Develop post-closing strategy

Construction projects face consistent challenges such as staying on schedule and within budget, adhering to building regulations, and limiting the impact of unforeseen disruptions.

Implementing construction management methods, contracting strategies, project controls, and engineering, we conduct construction audits to help general contractors and construction managers with issues that arise from schedule delays, construction quality, change orders, excess charges, and project progress reporting.

Composed of skilled professionals and performance auditors, our team has completed hundreds of construction audits and understands different types of construction contracts and project delivery methodologies, as well as site requirements, local and state regulations, and compliance issues.

Services include:

• Construction Audits. Validate construction contract billings are compliant with the construction contract and not excessive to support transparency and accountability with key stakeholders.
• Program Assessments. Monitor your program’s progress and identify risks before they become barriers to success.
• Process Improvement and Policy and Procedure Development Services. Implement a project control structure to reduce your project costs and boost performance.
• Program Management Support. Receive reports on progress, expenses, work quality, and more to ensure your project is compliant and on budget.   
• Capital Program Reporting. Track performance aligned with industry best practice key performance indicators (KPIs) to monitor and enhance performance.
• Contract Consultations. Help owners and contractors execute a Guaranteed Maximum Price (GMP) contract with strong contracting practices and controls to help manage budget and control cost.

Strategies can also help:

• Project economy, efficiency, and cost control
• Prevent problems and detect risks early to avoid costly overruns and delays
• Maintain compliance with contract requirements and existing policies to avoid excessive procurement charges
• Tighten internal and project controls to avoid unfair subcontracting practices
• Reduce errors and overcharges
• Improve communication to avoid payments not in accordance with contract terms
• Protect stakeholder funds by avoiding contractor liens and claims

Businesses that lease space often pay common area maintenance (CAM) costs in addition to rent. Included expenses vary by lease.

Without a professional monitoring your tenant obligations and associated costs you could pay more than necessary. 

Our professionals can:

• Conduct an assessment of your lease agreement and CAM reconciliations
• Determine if you overpaid beyond your lease requirements
• Assess if the costs charged to your tenants are fair and reasonable
• Develop objective and balanced assessment documentation to facilitate discrepancy resolution from compliance issues
• Provide control recommendations for future lease agreements

Proactive tax planning can help you stay in compliance and reduce your tax burden as well as identify any potential savings opportunities your business may overlook.

These tax services can help you navigate compliance and increase cash flow:

• Cost Segregation. Property owners that build, remodel, expand, or purchase a facility can benefit from cost segregation provisions that could help defer federal and state incomes taxes and avoid paying taxes sooner than required.
• Deductions for Energy-Efficient Buildings. Claim up to $5 per square foot for energy-efficient improvements to buildings your business owns or operates. This amount varies based on placed-in-service date, percentage energy cost savings and building systems improved such as HVAC and hot water, lighting, and building envelope.
• Credits for Energy-Efficient Residences. Claim up to $5,000 per dwelling unit for the construction or renovation of energy-efficient residential homes and multifamily developments.
• Fixed Asset Accounting Services. Meet your fixed asset and depreciation reporting compliance needs and identify opportunities to apply fixed-asset changes that can help provide immediate tax savings through accelerated tax methods for depreciation, repair and maintenance expenses, and other items.
• Property Tax. Reduce the risks and costs associated with incomplete, incorrect, or late property tax filings and pursue exemptions, abatements, and other tax mitigation opportunities.
• Real Property Tax. Reduce property tax assessments and generate savings for your commercial and complex properties by identifying and quantifying opportunities to negotiate and settle excessive assessed values.
• Site Selection. Identify ideal locations for your business’s next phase of growth and expansion with a site selection analysis.
• Unclaimed Property Tax. Avoid draining precious time and resources scrutinizing determinations and maintain compliance for your unclaimed property reports for first-time filings or subsequent annual submissions.

Execute your accounting obligations and save time and resources with our professionals providing outsourced accounting services, either as an extension of your current accounting staff or covering all your accounting needs.

Explore valuation solutions for public and private owners and operators of real estate, real estate investment trusts (REITs), private equity, pension funds, law firms, and government entities.

We perform appraisals, market studies, and cash flow modeling for multiple purposes including:

• Market value appraisals (ASC 820 and IFRS 13)
• Purchase-price allocations (ASC 805 and IFRS 3)
• Real estate equity and mortgage debt fair value analysis
• Real estate entity interest valuations for gift, estate, and succession planning
• Market feasibility studies, benchmarking, underwriting, and transaction diligence
• Dynamic cash flow modeling for complex commercial real estate projects