Aprio’s Real Estate and Construction GroupYOUR BLUEPRINT FOR SUCCESS

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Does your real estate business have a blueprint for growth?

Quality of serviceYou want the best accounting firm with the best work products that you can find, because when you have quality financial statements and tax preparation, it drives continuous business improvement and success. At Aprio, we go above and beyond to provide you with the best service you can find. That means proactive tax planning for years to come, insights to improve your operational efficiencies and more.

Timeliness of delivery and communicationYou’ve got critical investor deadlines or even government deadlines that have to be met. That’s why we bring a sense of timeliness to everything we do. We’ll make sure your audits finish on time and your tax filings are completed to meet your deadlines. If you call to ask a question, we guarantee you’ll get a response quickly – not several days later.

Deep industry expertiseWith more than 10 partners and 60 professionals dedicated to the real estate industry, we represent hundreds of real estate developers and owners. Our tax team works with real estate businesses every day to create effective strategies that reduce and manage tax liabilities, and our assurance team performs over 400 real estate audits each year. Additionally, our professionals receive many hours of industry-specific training to keep them up-to-date on the techniques and knowledge that fuel your company’s prosperity.

In an ever-changing real estate market, you need a partner who can guide you through the financial landscape and help you capitalize on opportunities. Aprio’s Real Estate & Construction group has been helping clients achieve profitable growth for over 65 years.

Our blueprint for your success rests on three key factors that are the foundation of our business:

When your success is on the line, you want a partner who does what they say they’ll do. At Aprio, that is our definition of trust, and it is one of the 30 fundamentals on which our firm operates. You can rely on us to always meet our commitment to you.

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Aprio provides a comprehensive range of services including:

Audit, accounting & assurance

Tax planning & preparation

Tax credits & incentives Fixed asset maintenance and repair regulation consulting

Cloud accounting

Cost segregation studies

Partnership and joint venture structuring

Transaction due diligence

Aprio specializes in helping companies in the following sectors thrive:COMMERCIAL REAL ESTATEIn a dynamic market, you’re always looking for new opportunities. Developers and owners of office, retail and industrial properties can count on Aprio to reduce their tax liabilities with proactive solutions like cost segregation studies, providing more capital that can be reinvested into new ventures. You can also rely on us for timely preparation of your financial statements to keep your investors satisfied. Our firm works with over 200 commercial real estate firms around the world, and we bring that wealth of experience to bear on every engagement.

MARKET-RATE MULTIFAMILYThe multifamily market is booming, bringing prosperity with it. Aprio can help you position your business to take full advantage of market conditions. Our tax group can help structure your company to reduce tax liabilities to maximize profitability. Aprio offers business consulting and outsourced accounting services that can help your business control costs, increase operational efficiencies and mitigate risks so that your business can continue to thrive regardless of market conditions.

AFFORDABLE HOUSINGAs a business in the affordable housing space, you’re subject to a host of federal and state reporting and regulatory obligations – and missteps are costly. On the other hand, you’re also able to take advantage of many tax credits to reduce your tax liabilities. Aprio performs services, including audit, tax, consulting, compliance, REAC submissions and other agreed-upon procedures, for over 450 different properties with subsidized programs from the U.S. Department of Housing and Urban Development (HUD) and the USDA Rural Development (RD). We work tirelessly to secure the tax credits that save you money and to ensure that all your reporting obligations are fulfilled on time and without penalty.

CONSTRUCTIONWhether you’re looking to secure financing or find money to reinvest into your projects, Aprio provides accounting, tax and consulting solutions to meet your needs. We’ll supply the audited financial statements your lenders need, while also helping you improve your internal controls. You’ll get proactive tax and succession planning that helps you build for the future.

REITSAs a real estate investment trust, your business is all about making wise investment decisions that produce strong ROI. Aprio provides services that help you make those decisions, including due diligence for property acquisitions, and tax structuring to decrease tax liabilities. Additionally, we will help you streamline your financial controls and meet all your compliance deadlines on time.

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Specialty ServicesCOST CERTIFICATIONSCost certifications are required for multifamily projects to determine your actual costs and establish the maximum insurable mortgage. Aprio performs both standard and simplified cost certifications, and we will always meet your deadlines and those of your lender and the government.

COST SEGREGATIONWhether you are constructing a new building, expanding an existing one, purchasing real estate or rehabbing an old facility, your property can generate much bigger tax savings than you realize. They are buried in your construction costs, and Aprio can help you find them with a cost segregation study. Our study carefully breaks down your costs and allocates them to specific categories, maximizing accelerated depreciation for qualifying building components. A cost segregation study can also increase your sales tax exemptions and lower your property taxes.

LEASE AUDITSAs a tenant, you are required to pay certain charges for use of shared areas. Lease audits look at these operating or common area maintenance charges to determine overpayments over the entire lease term. The biggest opportunities for savings often lie in HVAC, parking, elevators and landscaping. Aprio offers lease audit services to our clients, enabling you to cut costs and improve your working capital.

CLOUD ACCOUNTINGAprio Cloud provides cloud-based outsourced accounting and technology solutions for domestic and global small-to-mid-sized businesses and entrepreneurs. The service is ideal for real estate businesses seeking access to real-time financial data and meaningful advice. We provide the tools and best practices to eliminate data entry and provide automated scalable solutions accompanied by accounting, support and advisory experts to outsource and oversee your back office functions.

FIXED ASSET MAINTENANCEEvery real estate deal is unique, let Aprio make your life easier by maintaining your fixed asset schedules. The largest deduction on most real estate deals is depreciation expense. Expensing items as repairs and maintenance, instead of capitalization, can yield permanent tax savings not just timed deductions. We will review your fixed asset capitalization policy (or assist you in writing one) to determine what assets must be capitalized. We then consider all strategies allowing expense treatment and capitalized assets to be properly classified by class to maximize tax savings.

Alan VaughnPartner-in-Charge, Real Estate & Construction Group alan.vaughn@aprio.com 404.898.8233

To learn more about Aprio’s Real Estate & Construction group, contact:

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