Real Estate Funds
SUPPORT ACROSS THE FUND'S LIFE SPAN
Given the constant competitiveness of the capital-raising environment, investors are overwhelmingly attracted to fund managers with a demonstrated track record and the ability to manage the fund’s operational infrastructure.
Emerging managers may come to market with verifiable past performance statistics, but usually need assistance building their business plan, preparing for capital raising, choosing service providers, selecting the right fund structure, calculating market-acceptable fees, developing terms and conditions, and addressing regulatory, tax, and environmental, social, and corporate governance (ESG) considerations.
For established managers, outside of achieving their investment objectives, it is most important to rightsize infrastructure and service providers based on the growth and complexity of the fund and its underlying investments. This group will also increasingly be expected to maintain and grow their efforts around ESG.
Our team is experienced in assisting both emerging and established fund managers with these various needs. Our practitioners are also available to discuss issues such as valuation methodology, admission of new limited partners, carried interest computations, and joint venture (JV) operating partners.
Attest services are provided through CohnReznick LLP.
EXPERIENCED PERSPECTIVES
CohnReznick’s Commercial Real Estate (CRE) industry practice is one of the largest of its kind among national accounting firms in the U.S., serving clients in all 50 states. Our dedicated professionals offer a broad knowledge and keen understanding of the nuances of real estate companies and their operations, the underlying fundamentals of real estate across varied property sectors, and the most current and topical technical accounting, tax, and business issues that impact the CRE industry.
Our broad range of services and client base cover many diverse property types and organizational structures, including:
- Multifamily
- Student housing
- Workforce housing
- Assisted living
- Affordable housing
- Industrial
- Hotels
- Self-storage
- Data centers
- Flex
- Retail
- Office
- Land development
- Timber
To best support our real estate fund clients, our Real Estate professionals work in tandem with our Financial Services team. Our Financial Services group specializes in providing services to:
- Alternative assets such as life settlements, solar energy credits, lottery financing, and loan origination
- Commercial and residential real estate
- Derivative financial instruments
- Distressed securities/bank debt
- Foreign securities
- Illiquid investments
- Portfolio companies
- Traditional domestic debt and equity securities
- Other investment partnerships (funds of funds)
CohnReznick LLP is recognized by accredited investors and the pension and institutional investor community, and is registered with the Cayman Islands Monetary Authority (CIMA).
Our professionals are actively involved in associations, organizations, and regulatory bodies that influence and affect the real estate industry, such as the National Council of Real Estate Investment Fiduciaries (NCREIF) and Nareit, the National Association of Real Estate Investment Trusts.
Real Estate Fund services
CohnReznick’s specialists are knowledgeable about constantly evolving issues including tax legislation, accounting pronouncements, securities laws, and market tactics that affect investment decisions. Our accounting, audit, and tax services for funds include the following:
- Audit of financial statements for hedge funds, fund of funds, private equity funds, venture capital funds, RIAs, and broker-dealers
- Audit of Form 468 for SBICs
- Audit of Internal Controls over Financial Reporting SOC 1
- Audit of securitization conduits
- Consultation on and review of fund offering documents
- Domestic and international tax planning and entity structuring
- Monitoring and compliance with SEC and other regulatory bodies’ regulations
- Optimizing tax efficiency of an investment vehicle
- Performance examinations
- Preparation of partnership tax allocations
- Preparation of tax returns and partners’ Schedule K-1s
- Reporting under U.S. GAAP and International Financial Reporting Standards (IFRS)
- Surprise examinations to comply with Rule 206-4(2) under the Investment Advisers Act of 1940
- Structuring advice in relationship to cross-border tax issues, as well as assistance with withholding tax compliance
Related services
Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.