Real Estate Investment Trusts (REITs)

We work with a broad-spectrum of clients to help them effectively manage their portfolios and real estate assets. These clients include family offices, institutional investors, foreign entities, and an increasing number of non-traditional real estate businesses using the REIT framework.

Since the 1990s, Real Estate Investment Trusts (“REITs”) have gained considerable traction as an investment vehicle due to their significant tax advantages. With those advantages, however, come complex compliance requirements under Internal Revenue Code Sections 856 and 857. These requirements include, for example, the type of business classification and minimum number of shareholders. In addition, certain quantitative REIT compliance test thresholds must be met.

Real Estate Services is a cornerstone practice at EisnerAmper. Members of our Real Estate Group have years of practical experience in complicated transactions involving audit, assurance, tax, information technology and consulting services.

EisnerAmper’s professionals examine each client’s needs and situation holistically. We then leverage extensive firm-wide resources to work cooperatively with clients to develop a long-range growth plan.

Our real estate experts develop their extensive skills and networks through speaking, writing, continuing education, and active participation in industry events.

EisnerAmper’s full menu of REIT services includes:

Consulting Services

Utilizing REITs in various structures
Due diligence for real estate acquisitions
Due diligence for REIT acquisitions & liquidations
Environmental, Social and Governance (ESG)
State Nexus studies
Lease and contract compliance
Cost segregation studies
Earnings and profits studies
Transfer pricing studies
Taxable REIT Subsidiary (TRS) structuring
Sale/leaseback structuring

Audit and Assurance

Financial statement audits and reviews
Audits under Regulation S-X 210-3.14 (real estate acquisition) and Regulation S-X 210.3.05 (business combination)
Sarbanes-Oxley compliance