Privately Owned Real Estate
EisnerAmper’s Real Estate Services Group provides a wide array of audit, tax and advisory services to private owners of real estate.
Our team of professionals has a depth of expertise working with diverse clients. We approach each engagement with a big picture perspective, working across our many specialties to provide each client with a comprehensive service solution that works for their specific needs. As a leading service provider for financial service companies as well as family offices, EisnerAmper is also uniquely positioned to create synergies that help our real estate fund clients grow their businesses.
Audit, Assurance and Consulting Services
- Audit, review, and compilation of financial statements in accordance with GAAP or other comprehensive basis of accounting
- Technical accounting consultation including assistance in implementing accounting standards (e.g. new lease accounting standards)
- Due diligence for real estate acquisitions
- Assistance with property and entity valuation and appraisal services
- Assistance in implementing cost segregation study services to maximize depreciation deductions
- Debt financing/re-financing consulting
- Audits of common area maintenance expenses on behalf of lessors and lessees
- Accounting and recordkeeping services
- Employee benefit plans, including defined benefit, defined contribution and health and welfare plans
Tax and Consulting Services
- Implementing tax efficient structures to hold real estate, including partnerships, LLCs, Real Estate Investment Trusts (REITs), and other entities
- Financial analysis of business and tax structuring alternatives
- Estate planning
- IRC sections 754 basis step-up calculations
- Planning for the disposition of assets in a tax efficient manner
- Assistance in planning and implementing like-kind exchanges and reverse like-kind exchanges
- International tax services
- Reporting assistance for U.S. owners of foreign real estate or foreign investors in U.S. real estate
- Ownership structuring
- FIRPTA planning/analysis
- State and local tax services
- State and local credit, grant and incentive procurement
- Sales tax implications of shared services agreements
- Sales and Use Tax Analysis of Purchases and Additions
- Audit defense in state and local issues
- Income/franchise tax planning
- Ruling requests
- Assistance in personal property taxes matters
- Assistance with property/lease valuations
- Real estate tax credit analysis
- Sale–leaseback structuring
- Form 1099 reporting requirements
- Tax controversy group to assist with IRS or state examinations
Information Technology and Consulting Services
- Implementing systems of internal control over financial reporting
- Fraud review and assessments
- Enterprise risk management
- SSAE 16 – reporting on controls of a service organization
- IT governance
- Data security and privacy
- Disaster recovery planning and implementation
- Lease and contract compliance
- Forensic accounting services with respect to real estate transactions and assistance to owners, managers, investors and their counsel in resolving real estate related controversies
- Tax accounting and recordkeeping assistance to family offices of real estate owners and investors
Real Estate Industry Insights
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Lisa Knee
Lisa Knee is the Managing Partner and national leader of the Real Estate practice and the National Real Estate Private Equity Group with expertise in the hotel, real estate, financial services, aviation and restaurant sectors and is a member of AICPA, New York State Society of Certified Public Accountants and the New York State Bar Association.
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