Real Estate Revise
Real Estate Tax, Assurance and Advisory Services
Helping real estate owners, investors, and operators navigate complex real estate structures, transactions, and tax considerations.
Real estate businesses operate through layered ownership models, but their advisors often only see part of the picture. At FGMK, we help clients evaluate decisions within the context of the full ownership structure.
Real estate organizations often operate across complex structures, including single-property LLCs, partnerships, joint ventures, investment funds, and REITs. While these structures offer flexibility, they can create challenges across tax planning, reporting, and decision-making, where activity in one entity impacts the broader investment structure.
FGMK works with both closely held and institutional real estate organizations to evaluate how transactions, operations, and reporting decisions affect owners and investors. Our team delivers practical, proactive guidance across tax planning, transaction support, and entity structuring to help clients achieve their objectives.
Financial Reporting Service Offerings
Tap the tiles below to learn more about our financial reporting service offerings.
Agreed-Upon Procedures
- Targeted procedures designed to independently verify financial information or an assertion of management, providing clarity and confidence without unnecessary scope.
Audit & Assurance Services
- Audit, review, compilation, and preparation services tailored to your reporting requirements and provided with clarity, quality, and responsiveness.
Entrepreneurial Services
- Comprehensive accounting, tax, and advisory support for entrepreneurial businesses. We provide the back-office support so leaders can stay focused on what matters most.
Employee Benefit Plan Audits
- Specialized audits designed to meet ERISA, DOL and IRS regulatory and compliance requirements and address a plan sponsor’s fiduciary responsibilities, including review of Form 5500 and supplemental schedules for consistency with the audited financial statements.
FAR Audit & Consulting Design
- Helping government contractors navigate Federal Acquisition Regulation (FAR) requirements. FGMK provides guidance on indirect rate development, delivering audit, review, and compilation services to support compliant cost structures and overhead rates.
Forecasts & Projections
- Forward-looking financial analysis that supports planning, decision-making, and long-term strategy with clarity and confidence.
Fund Administration
- Accounting, reporting, and tax services for funds and other investment companies—helping fund managers communicate results clearly, confidently, and on schedule.
Statutory Audits
- Audit services that focus on financial reporting and regulatory compliance, delivered with technical precision and a practical understanding of local and regulatory requirements.
Surprise Examinations / Custody Audits
- Independent examinations that meet regulatory requirements for registered investment advisors with custody of client assets.
Our Capabilities
FGMK’s real estate professionals provide a broad range of tax, advisory, and accounting services designed to support owners, investors, and operators throughout the lifecycle of a real estate investment.
Tax Planning & Compliance
Real estate ownership models often involve multiple entities, investors, and jurisdictions. Our professionals assist with federal, state, multi-state, and international tax planning and compliance while helping organizations evaluate how reporting decisions affect owners and investors across the broader structure.
Services include:
- Federal tax planning and tax return compliance
- Multi-state tax planning and compliance
- International tax planning and compliance
- State and local tax planning and incentives
- Tax credits, entitlements, and other incentives
- Energy efficient building deductions and credits
- Repairs and capitalization studies
- Tax-deferred planning including Sections 1031 and 1033 exchanges
Transaction & Deal Advisory
The tax impact of a real estate transaction is often determined long before the deal closes.
Acquisitions, dispositions, financing decisions, and ownership restructurings can carry significant tax implications depending on how transactions are structured. Our professionals assist clients in evaluating these considerations early in the process to support informed decision-making.
Services include:
- Real estate acquisition and disposition planning
- Transaction structuring
- Due diligence
- Debt structuring
- Equity structuring
- Entity structuring
- Entity organizational document review
- REIT and UPREIT transactions
Accounting, Assurance & Operational Support
Real estate organizations must manage property-level accounting while also supporting investor reporting and ownership-level tax planning. Our professionals frequently work alongside controllers, finance leaders, and internal accounting teams to help ensure property reporting aligns with broader ownership and tax reporting requirements.
Our team is familiar with many of the accounting systems commonly used in the industry, including Yardi, Skyline, and Timberline.
Services include:
- Operations review and benchmarking
- Compensation planning
- Financial reporting oversight
- Depreciation analysis and reporting support
- CAM (Common Area Maintenance) reconciliations
- Audit and assurance
Real Estate Tax Strategies
Real estate tax rules create opportunities for owners and investors to improve cash flow and tax efficiency when properly evaluated. Our professionals assist clients in identifying and implementing strategies designed to maximize available tax benefits.
Services include:
- Cost segregation studies
- Energy efficient building deductions and credits
- Repairs and capitalization studies
- Tax credits and incentives
Ownership & Succession Planning
Many real estate organizations involve long-term ownership groups and multi-generational planning considerations. We assist owners in developing strategies that support the continued growth and transition of real estate assets.
Services include:
- Estate planning
- Succession and business continuity planning
Valuation & Litigation Support
Our professionals provide valuation and litigation support services to assist clients in addressing complex financial and legal matters involving real estate assets and ownership interests.
Services include:
- Valuation
- Litigation support and expert witness services
Navigating layered real estate ownership structures or planning a transaction?
Supporting every corner of the real estate industry with expertise and passion.
Real estate organizations face unique challenges depending on their property type, ownership model, and investment strategy. FGMK works with a broad range of clients, including investors, real estate operating companies, and real estate management and brokerage firms, to provide specialized tax, advisory, and accounting support.
