Real Estate
Innovative real estate consulting, tax and assurance solutions for developers, owners, investors and property managers.
Real Estate
Brian Bader
CPA
Principal
Randall Barrus
CPA
Principal
Donald N. Bernards
CPA
Principal
Matthew Brody
CPA
Principal
Todd Carpenter
Managing Principal
Laura Cataldo
Director
Amy Estes
CPA
Principal
Russ Fleming
CPA
Principal
Garrick Gibson
CPA
Principal
Ahmed Hamdy
CPA, CMA
Principal
John Heyde
CPA
Principal
Tina M. Huisman
CPA
Principal
Chase A. Inda
CPA
Principal
Tyler R. Inda
J.D.
Principal
Michael Jakimzak
CPA, M.S.T.
Principal
Mike Kamienski
CPA
Principal
Howard Kang
CPA
Director
Brian J. Kassalen
CPA, CFF
Principal
Amanda E. Klein
Principal
Katie Kral
MSA
Principal
Joel M. Laubenstein
Principal
Brent W. Maier
Principal
Phillip R. McCollum Jr.
CPA, J.D.
Principal
James Munuhe
CPA
Principal
Frank C. Nardi
CPA
Principal
Tracey Nguyen
J.D., MBA
Principal
Bradley P. Nicklin
CPA
Principal
Anthony Ollmann
CPA, CCA
Principal
David Perzov
Principal
Claire Pugh
CPA, MBA
Principal
Benjamin Quigley
PMP
Principal
Steven Schlachter
MBA, CPA
Principal
Thomas J. Sheahan
CPA
Principal
Jeffrey Smith
CPA
Principal
Jeremy A. Smith
CPA
Principal
Gabriel Torre
CPA, M.S.T.
Managing Principal
Nate Voss
Principal
Matt Waller
CPA
Principal
Cory R. Wendt
Principal
Helping clients realize greater value, from concept to completion.
Protecting and strengthening your real estate portfolio is your top priority. As you scale your business to new heights, we’re here to help you protect and enhance the value of your assets in an efficient and effective way. As trailblazers in real estate consulting and accounting, we understand what it takes to maintain a high-quality asset portfolio. With Baker Tilly’s suite of services and real estate industry specialists, we’ll guide you through these challenges while helping you navigate to a better tomorrow.
Baker Tilly helps real estate developers, owners, investors and property managers navigate an ever-changing landscape across all segments of the industry.
Through every project lifecycle, you can expect a refreshingly comprehensive approach to protecting and expanding your business. After all, our reputation is built on experience.
Why Baker Tilly?
Real estate is the largest industry Baker Tilly serves. As a leading advisory, tax and assurance firm and the world’s 10th largest global network, we help clients navigate to a better tomorrow. Real estate professionals choose Baker Tilly because of our extensive national footprint, depth of experience and comprehensive service offerings which include real estate consulting.
We offer our clients a “best of both worlds” solution that pairs the technical qualifications and expansive resources of larger accounting firms with the attentive service and competitive pricing of smaller firms. We focus on long-term growth, quality assurance and investments to help our clients meet and exceed their objectives.
In today’s environment, it’s more important than ever to rely on someone you trust, which is why being a trusted advisor is the pinnacle of our real estate practice.
Our services
From real estate consulting to tax and assurance, we offer a suite of services, such as:
Tax services
- Federal, state and local
- International tax
- Cost segregation and cost recovery tax planning
- Section 704(c) for partnerships and 1031 exchanges
- Opportunity zones and other tax credits and incentives
- IRS controversy and exam assistance
- Transfer pricing studies
- Tax planning for asset disposition and asset acquisition activity
REIT testing
- REIT quarterly asset and income testing
- REIT consulting, structuring and diligence
- Distribution testing
- Taxable REIT subsidiary analysis including ASC 740 calculations
- Prohibited transaction testing
- Impermissible tenant service income testing
- Annual "earnings and profits" calculations for shareholder reporting
Accounting and assurance services
- Audit review and compilation services
- Internal audit and controls
- IT audit
- SOC reporting
- SOX compliance services
- Agreed-upon procedures
Environmental, social and governance (ESG) and sustainability solutions
Digital solutions
Real estate transaction advisory
- Housing market studies
- Development advisory (project assessment, development planning, design and coordination, pre-construction and construction and project completion)
- Site selection and location strategy
- Project finance through tax credits and incentives
- Energy and energy transition services
Construction risk management
- Construction contract review and negotiation
- Construction contract compliance and cost control
- Project monitoring
- Construction draw coordination
Real estate valuation and appraisal
- Periodic fair value reporting
- Purchase price allocation (ASC 805)
- Impairment analysis (ASC 350)
- Financial due diligence
- Deal modeling and assumption testing
Outsourced accounting/client accounting services (CAS) and CFO advisory services
Private equity fund administration
- Fund accounting
- Capital event management
- Financial reporting
- Treasury services
- Investor relations
Risk advisory services
- Risk, internal audit, cybersecurity and regulatory compliance
Whitepaper
Three steps to comprehensive transparency for greater real estate portfolio performance
Download our whitepaper for three steps real estate investment firms should take to create processes agile enough for the contemporary marketplace.
Featured insights
Resources and tools
Quarterly whitepaper
REcap: Baker Tilly's signature commercial real estate market report
Our quarterly commercial real estate market reports, "REcap," were created to help real estate professionals understand how the market is performing and current trends to aid in planning for the future.
Featured services and related industries
Baker Tilly Advantage
Tax, accounting, HR and payroll back-office outsourcing for growing organizations
Digital Solutions
Foster the future through a continuous culture of innovation.
CFO Advisory Services
Baker Tilly provides critical advisory services and support to financial leaders, business owners and investors that meet the unique challenges, complexities and the ever changing environment the office of the CFO faces.
Construction
Baker Tilly’s experienced construction accountants help owners and executives of construction companies grow their business from audit and tax to construction advisory services, all tailored to your needs.
Construction Risk Management
Keep your capital projects on time and on budget.
Cost Segregation
Individuals and companies that build, purchase, remodel or expand any kind of real estate can benefit financially from using cost segregation.
Corporate Renewal & Turnaround Services
Baker Tilly works with companies to design and execute a comprehensive turnaround plan to help mitigate risk and improve operations during an economic downturn.
Cybersecurity
Proactively protect and address your cybersecurity and information technology (IT) risks.
Development Advisory
Guiding clients through development projects from conception to completion.
Energy
With expertise in oil and gas, power and utilities and renewable energy, we provide a collective view with measurable results.
Energy Transition Services
Leading organizations are navigating their energy vision and planning their energy transition. Baker Tilly provides right-sized, actionable strategies for the journey.
ESG & Sustainability
Leading in specialties including compliance, risk, controls, assurance, sustainability, decarbonization strategy development and technology consulting, we provide comprehensive environmental, social and governance (ESG) and sustainability advisory that spans solutions for any company, function or challenge.
Financial Statement Audit
Baker Tilly marries technology with the extensive experience to provide clients with an innovative financial statement audit service.
Healthcare & Life Sciences
Baker Tilly helps organizations win now, and explore the options for tomorrow, through an orchestrated approach and understanding encompassing all facets of the healthcare ecosystem.
Historic Tax Credits
The trend to revitalize historic buildings nationwide is becoming more prevalent with the availability and value of Historic Tax Credits.
IT Audit Solutions
Leverage industry-specialized IT audit professionals to enhance and protect organizational value.
Internal Audit
Leverage industry-specialized internal audit services for organizational success.
Inflation Reduction Act Tax Credit Solutions
The Inflation Reduction Act (IRA) includes the largest clean energy incentive effort in U.S. history. Find out how your organization can leverage IRA tax credits to save as much as 50% or more on qualifying project costs.
Lodging
Advisory, tax and assurance real estate services for the lodging and hospitality industry.
Multifamily Housing
Transactions, tax, audit and advisory services for multifamily housing developers, owners and investors.New Markets Tax Credits
Optimize your project’s approach to capital with the New Markets Tax Credit program.
Opportunity Zones
A powerful tax incentive for real estate investors, venture capital, private wealth, family offices and private equity.
Ownership Transition & Exit Strategies
One of the most significant changes to a business and its stakeholders can be the transfer of ownership. Baker Tilly can help you prepare for transition now, for tomorrow.
Private Equity & Portfolio Companies
From private equity firms and their portfolio companies to family office, Baker Tilly leverages industry knowledge and operational experience to offer clients value from the fund level down through the entire portfolio.
Project Finance
We take a comprehensive view of available federal, state and local tax credit and incentive programs and loan programs when developing a project’s capital stack.
Private Equity Fund Administration Services
With Baker Tilly as your fund administrator, general partners are able to confidently focus on what they do best – deploying capital, managing investments and building investor relationships.
Property Assessed Clean Energy (PACE)
Property Assessed Clean Energy (PACE) is a voluntary financing program providing long-term funding for energy efficiency, renewable energy and other qualifying improvements made to property.
Real Estate Client Accounting Services
Baker Tilly’s client accounting services address the growing demands of real estate clients’ evolving business and technology needs.
Real Estate Investors
An experienced advisor and real estate investment consultant for real estate investment funds, private equity real estate, REITs, institutional investors, family offices, endowments and foundations.
Real Estate Advisory Services
Baker Tilly’s real estate advisory services are designed to help leaders across various industries and communities with their ever-changing real estate and infrastructure needs.
Real Estate Valuation Services
Our accurate and reliable real estate valuation services paired with strategic advisory encompass the entire transaction lifecycle.
Risk Advisory
Baker Tilly addresses the full spectrum of risk, governance and compliance considerations in the context of industry, operations and culture.
Real Estate Services for Family Offices
Real estate portfolio services for family offices and high-net-worth individuals.
Sarbanes-Oxley (SOX) Compliance
Drive a more efficient and effective SOX compliance program.
System & Organization Controls (SOC) Reporting
Baker Tilly’s dedicated AICPA SOC specialists perform hundreds of SOC engagements each year and help clients with their SOC reporting needs across a wide variety of industries.
Site Selection & Location Strategy
From inception to site selection, we assist companies through the process of determining the optimal location to operate their business.
Tax
Contributing to clients’ success by accelerating tax deductions, increasing tax credits, reducing cash taxes and mitigating risksTransactions
Baker Tilly works with clients on mergers, acquisitions, capital sourcing and markets, project finance, due diligence, valuation and transactions
Transaction Advisory Services
Baker Tilly’s transaction advisory services team provides straightforward advice to clients on every critical business decision before, during and after a transaction.
Unclaimed Property
We provide advocacy and operational solutions to managing and minimizing all areas of risk associated with unclaimed property compliance.
Over the last three years, our development activity has increased and the number of external investors has risen from less than 30 to almost 400. Without your guidance to gravitate to electronic delivery of K-1s, we would not have been able to manage the deluge of paper. We continue to deliver greater value to our investors than our competitors, which enhances our ability to attract capital. The Baker Tilly team is an important part of our success and we appreciate the strong relationship.Edward J. Madell, Chief Financial Officer, Continential Properties Co., Inc.
Case studies
AJ Capital expands and protects portfolio through outsourcing
International investment manager, AJ Capital, focuses on high-value activities channeling rapid growth after outsourcing their accounting and fund administration function.
Change in accounting method nets rental real estate developer $2.3 million tax deduction on stagnant property
If a project's production period for the property ceases for at least 120 consecutive days, a taxpayer may suspend the capitalization of interest for that project. Baker Tilly helped a client expense the associated interest costs until production activities resume.
Investment firm manages risks across large portfolio through ongoing cyber health checks
Baker Tilly performs bi-annual cybersecurity health check across 150+ portfolio companies, helping the firm understand their risk exposure.
Private equity investment firm grows company with trusted real estate guidance
Realizing the possible: Baker Tilly becomes an investment firm's one-stop-shop for all business advisory needs.
Real estate company strengthens third-party management processes, enhances investor confidence
A real estate investment management company hired Baker Tilly to review and enhance their internal controls and processes for managing third-party agreements.
REIT improves business processes and operations while ensuring SOX compliance with outsourced internal audit function
A REIT was looking for an outsourced internal audit function to assist with SOX compliance. Baker Tilly became the REIT's internal audit partner.