Real Estate Financial Services Group

REFS@marcumllp.com

Marcum LLP's Real Estate Financial Services Group specializes in providing financial and accounting solutions to real estate owners, developers, managers, REITs, private equity funds, institutional investors and other real estate related entities. Our expertise includes financial statement preparation, investor reporting, accounting systems, construction accounting, partnership cash flow modeling and other services.

The Real Estate Financial Services Group offers a wide range of financial and accounting services tailored to the meet the specific needs of the real estate industry. These services are 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 (MRI, Yardi, Timberline) ensures that our clients maximize the value of their real estate holdings.

Services

Financial Reporting

• Monthly, quarterly and annual reporting including preparation of investor financial statements and accompanying footnotes
• Lender reporting and covenant compliance
• Asset level reporting

Outsourced Accounting

• General ledger maintenance, invoice processing and bank reconciliations
• Development of chart of account
• Training and oversight of accounting personnel
• Interim staffing requirements through CFO

Construction Accounting Services

• Construction accounting and finance oversight
• Job costing
• Draw request preparation, review and approval
• Performance tracking vs budget
• Contract management

Waterfall/Promote Calculations

• Review relevant terms in operating agreement
• Create waterfall/promote model based on parameters in operating agreement
• Track individual partner contributions and distributions
• Calculate allocation of projected capital proceeds to each respective partner

Transactional Services

• Acquisition due diligence
• Lease consulting and abstracting
• Cash flow modeling (Argus)
• Property and portfolio purchase and sale closings
• Customized spreadsheets and databases