Marshall Phillips
Partner, Project Finance and Consulting Practice Leader – CohnReznick Advisory LLC
Marshall Phillips serves as the National Director of the Project Finance and Consulting practice. His career spans more than 20 years and includes deep experience in finance and accounting with a focus on sourcing equity and debt capital for real estate transactions. He has completed numerous engagements for operating companies.
Experience and credentials
Work with clients to structure real estate transactions that include the use of federal and state historic tax credit (HTC) programs, the Low-Income Housing Tax Credit (LIHTC), solar/renewable energy investment tax credits (ITC) and incentives, and the federal New Markets Tax Credit (NMTC) Program
Expertise includes working, sometimes simultaneously, with the tax equity investors, real estate developers, tax credit syndicators, and regulatory agencies to provide his clients with financially feasible and sound deals
Client base includes affordable housing developers, CDEs, governmental entities, commercial real estate developers, housing authorities, and Fortune 100 financial service corporations
Works with a variety of state credit programs and oversees due diligence on behalf of tax credit investors and tax credit syndicators
Commercial real estate advisory engagements include IRR track record, partnership cash waterfall and liquidation, as well as more complex financial models for data aggregation, Power BI based dashboard, and decision support analytics
Supports client transaction due diligence across a variety of real estate asset types
Education
MBA, Finance – Georgia State University
B.A., Economics – Rollins College
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