Dhar Kalsi, CPA/ABV, is a Partner in CohnReznick’s Valuation Advisory Services practice with over 20 years of experience in business and real estate valuation. He provides valuations for tax planning, financial reporting, and litigation purposes, with deep expertise in projects involving LIHTC, NMTC, HTC, and QOZ investments. Dhar also provides reasonableness opinions for HTC and NMTC transactions and has completed hundreds of valuations nationwide assessing investor and sponsor returns and exit strategies.
Dharminder Kalsi
ABV, Partner – CohnReznick Advisory LLC
Areas of expertise
Close
Contact Dharminder
Let’s start a conversation about your company’s strategic goals and vision for the future.
Please fill all required fields*
Please verify your information and check to see if all require fields have been filled in.
Dharminder+Kalsi Dharminder.Kalsi@cohnreznick.comExperience and credentials
Certified Public Accountant
Focus includes preparing valuations of debt and equity investments in partnerships engaged in the business of developing real estate projects financed with tax credits. Tax credit experience extends to hundreds of projects throughout the country
Extensive experience serving real estate entities involved with Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Historic Tax Credits (HTC), and Qualified Opportunity Zones (QOZ), routinely providing reasonableness opinions for HTC and NMTC transactions.
Develops sophisticated financial models to assess investor and sponsor returns and exit scenarios
Develops complex financial models to help determine investor/sponsor returns during tax credit compliance periods and upon exits/liquidation
Prepares reasonableness opinions for related party fees and arrangements for Historic Tax Credit transactions as well as arbitrage rebate calculations for tax-exempt bonds in accordance with Treasury Regulation § 148 for compliance purposes
Has performed valuations of financial instruments and embedded derivatives including convertible debentures, preferred stock, debt securities, and financial derivatives (call/put options, interest rate/currency swaps, warrants, futures, forwards) for financial reporting purposes
Experience preparing purchase price allocations (ASC 805, Business Combinations), goodwill and other indefinite-lived asset impairment (ASC 350/360, Intangibles – Goodwill and Other), and common stock valuations (ASC 718, Compensation – Stock Compensation and IRC Section 409A
Education
B.S., Accounting and Finance – University of Maryland, College Park
Receive CohnReznick insights and event invitations on topics relevant to your business and role.