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EY: Global leader in real estateBuilding your business future Many businesses are focused primarily on real estate, while many more are not in the real estate business yet have a substantial amount of capital invested in it.
In today’s complex and fast-moving economic environment, the strategies taken to effectively manage real estate assets must be continuously re-evaluated.
Are you ready to break ground?Our real estate practice has the ability to mobilize a team of seasoned professionals to address complex and demanding challenges and provide seamless service on a global basis. We can help move you forward.
Global Real Estate Center
EY’s Global Real Estate Center brings together a worldwide team of professionals to help you achieve your potential – a team with deep technical experience in providing assurance, tax, transaction and advisory services. We work to anticipate market trends, identify the implications and develop points of view on relevant industry issues. Ultimately, it enables us to help you meet your goals and compete more effectively. It’s how EY makes a difference.
Why EYEY has the largest integrated real estate practice of any accounting organization, with more than 10,000 professionals around the world providing audit, tax, transaction, and real estate advisory services to real estate owners, investors, lenders, and users — including many REITs, homebuilders, and developers.
We combine entrepreneurial thinking and a working knowledge of real estate issues with broad real estate experience, vast resources, and a diverse network of clients and contacts. EY has the proven ability to mobilize a world-class team to meet the most complex and demanding challenges and provide high-quality, seamless service on a global basis. In addition, EY has its own network of foreign nationals with knowledge of tax laws in more than 130 countries. EY serves more than 4,000 real estate clients throughout the world.
Services we provide to the real estate industryAssurance • Accounting and financial reporting (including IFRS)
• External audit services
• Financial Accounting Advisory Services
• Fraud, Investigation and Dispute Services
Advisory • Portfolio strategy & location advisory services
• Delivery strategy & operational model services
• Governance and control services
• Risk mitigation, processes and control services
• Technology and implementation services
• Project/risk assessments
• Project management oversight advisory
• Cost evaluation
• Capital project advisory
• Performance improvement
Tax • Formation / acquisitions services
• Operations services
• Restructuring services
• Disposition of assets services
• Tax compliance
• Domestic and international tax planning
Transactions • Strategic analysis
• Financing services
• Acquisitions, divestitures and partnerships
• Valuation
• Due diligence
• Dispute resolution
• Public sector advisory
• Operations enhancement
Subsector credentialsHomebuildersWe audit 10 of the 19 homebuilders, or 53%, on the Russell 3000.
Hospitality and leisureEY audits 19 of the 75 hospitality and leisure companies, and 45% of the hos-pitality and leisure market cap, on the Russell 3000.
Construction and engineeringEY audits 9 of the 34 construction and engineering companies, and 49% of the construction and engineering market cap, on the Russell 3000.
HotelsEY audits 7 of the 20 hotels, and 50% of the of the hospitality and leisure market cap, on the Russell 3000.
REITsWe audit 77 of the 205 REITs, 45% of the REIT market cap, on the FTSE/NAREIT Index.
Other
PwC
KPMG
Deloitte
EY
EY53%
Deloitte26%
KPMG11%
PwC5%
Other5% Other
PwC
KPMG
Deloitte
EY
EY49%
Deloitte15%
KPMG9%
PwC21%
Other6% Other
PwC
KPMG
Deloitte
EY
EY45%
Deloitte19%
KPMG17%
PwC12%
Other7%
Other
PwC
KPMG
Deloitte
EY
EY45%
Deloitte28%
KPMG18%
PwC8%
Other1% Other
PwC
KPMG
Deloitte
EY
EY50%
Deloitte15%
KPMG22%
PwC12%
Other1%
Private Equity Real Estate Top 50 • Ernst & Young audits 34 (68%) of Private Equity Real Estate (PERE)’s top 50 real estate private equity firms
• EY serves 84% or 42 of PERE’s Top 50 real estate private equity firms.
Market leaders in real estate, hospitality and constructionWe lead the big four firms in real estate market value audited of the companies on the Fortune Global 2000, Fortune 1000 and Russell 3000 lists.
Percentage of market value audited as of April 2013
2013 Forbes Global 2000
0
5
10
15
20
25
30
35Other
KPMG
PwC
Deloitte
EY
EY
Deloitt
ePwC
KPMGOth
er
35%
25%
18% 17%
5%
2013 Fortune 1000
0
5
10
15
20
25
30
35
40Other
PwC
KPMG
Deloitte
EY
EY
Deloitt
e
KPMGPwC
Other
38%
22% 22%
13%
5%
2013 Russell 3000
0
10
20
30
40
50Other
KPMG
Deloitte
PwC
EY
EYPwC
Deloitt
e
KPMGOth
er
48%
21% 20%
9% 2%
Our BC real estate team We’re on the ground in BC — and connected to the global EY network of real estate professionals. Contact us today to learn how we can help you.
For all our thought leadership with timely insights on industry issues that matter to you, visit ey.com/ca/realestate.
EY | Assurance | Tax | Transactions | Advisory
About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
For more information about our organization, please visit ey.com.
© 2014 Ernst & Young LLP. All Rights Reserved. A member firm of Ernst & Young Global Limited.
1326848 ED 000
This publication contains information in summary form, current as of the date of publication, and is intended for general guidance only. It should not be regarded as comprehensive or a substitute for professional advice. Before taking any particular course of action, contact Ernst & Young or another professional advisor to discuss these matters in the context of your particular circumstances. We accept no responsibility for any loss or damage occasioned by your reliance on information contained in this publication.
ey.com/ca
Krista BlaikieCanadian Real Estate Leader and Assurance+1 604 891 8418 [email protected]
Kevin Brennan Transaction Advisory +1 604 899 3551 [email protected]
Kirsten Tisdale Advisory +1 604 891 8266 [email protected]
Greg Noble Tax +1 604 891 8221 [email protected]
