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REAL ESTATE SERVICES GROUP
Mazars USA LLP is an independent member firm of Mazars Group.
MAZARS USA LLP
WWW.MAZARSUSA.COM
As one of the nation’s leading professional service firms, Mazars USA provides the resources, experience and global expertise to help you adapt in a dynamically changing real estate landscape.
Building Dynamic, Forward-Thinking Solutions.
For over 90 years, the Mazars Real Estate Services Group has offered solutions and top-level advice to real estate investors, owners, managers, and developers. We have special insight into today’s volatile real estate markets and guide clients to long-term success and maximum profitability. We advise clients on operational inefficiencies and reduce non-value added costs by providing services across accounting, auditing, tax consulting, credit and cash flow planning, forecasting and budgeting, cost systems, profitability analysis, and financing.
We serve as advisors to a full spectrum of real estate companies, including prominent real estate funds, institutional investors, real estate owners and real estate investment advisors. Our robust in-house business valuation services include a specialty focus on how debt and derivative instruments are valued.
Unlike traditional real estate advisors, we also offer seamless real estate consulting and planning for both simple and complex engagements at every stage of a project’s life, nationally and internationally.
“Greater operational and financial performance equates to greater growth and an improved bottom line.”
MAZARS USA REAL ESTATE SERVICES GROUP
Contact
11%
Our longstanding relationships with institutions and entrepreneurs in all sectors of the real estate industry are a testament to our capabilities and our desire to act as your trusted business advisors.
OUR CLIENTS Real estate owners/operators/managers/developers
Pension plans and other institutional investors
Real estate investment advisors
Real estate investment trusts (REITs)
Real estate investment funds
Hospitality and leisure
Construction companies and home builders
Real estate brokerage firms
Carlos Martins, Partner | Real Estate Practice Leader | (P) 212.375.6667 | (E) [email protected]
11%
3%
67%
6%
13%
The real estate market is increasingly global. We offer you worldwide service with the deep resources you need in a true partner, backed by the local insight to help you, no matter in which country you are operating.
With seamless access to over 24,000 professionals in 90+ countries through our membership in Mazars Group, we deliver a full range of value-added services all over the world.
A GLOBAL PRESENCE FOR A GLOBAL MARKET
01 Assurance and Accounting Services
02 Tax Compliance and Tax Structuring Services
03 Real Estate Advisory Services
Assurance and Accounting Services
Our experts work closely with clients to develop service plans intended to produce efficient and cost-effective assurance and accounting services that minimize the disruption of your daily routine.
The Mazars Real Estate Group offers a continuum of services designed to help our clients reach their full potential and achieve their business goals.
OUR SERVICES
Audit, review and compilation of financial statements
Agreed-upon procedures
Special purpose statements
Common area audits for owners/operators
Attest services for historical investment performance
Compliance services regarding HUD requirements and Affordable Housing
IFRS compliance and advisory services
SEC compliance
Forecasting and projections
Risk management, internal controls and internal audits
Outsourced accounting and financial reporting systems
Real Estate Advisory Services
Our Real Estate Services Group serves as problem-solver, appraiser, analyst, and transaction counselor across a full spectrum of real estate activities. Our scope of offerings extends beyond traditional appraisal services to include real estate counseling and planning for both simple and complex engagements at every stage of a project’s life.
Tax Compliance and Tax Structuring Services
We plan for tax opportunities rather than react to tax consequences by optimally positioning our clients through emphasis on constructive planning and a proactive approach. Our commitment extends beyond compliance to keeping you informed of the latest tax legislation and judicial decisions that impact your operations.
Real Estate Valuation Services
• Independent valuations for all types of commercial real estate following USPAP and client guidelines
• Review of internal and third-party valuations
• Expert witness testimony
Fair Value Analysis
• Recommendations for appraisal policies and procedures
• Periodic fair value appraisals for balance sheet reporting
Due Diligence Analysis
• Document review
• Analysis of historical and projected financial information including cash flows
• Expert witness testimony
Research
Tax planning and business tax compliance
International tax compliance and structuring and cross-border tax issue resolution
Transactional due diligence (representing buyer/seller)
Affordable and low income housing credit structuring and cost certifications
Cost segregation
Organizational structuring
Like-kind exchange analysis (section 1031)
Workouts and restructuring
Real Estate Investment Trust (REIT) consulting and compliance
SALT: State and Local Taxes, including state and local credits
Historical rehabilitation tax credits, brown field credits and energy credits analysis
EB-5 planning
Fund Valuation Services
• Strategies for financing, refinancing, or buying/selling properties that enable you to attract the right investors
• Reviews for acquisition and divestiture purposes, including an evaluation of the target properties or target companies asset base
• Valuation studies of operating and investment holding companies for business planning/performance monitoring purposes
Litigation Support
• Consultative analyses relating to partnership disputes
• Just compensation analyses resulting from eminent domain (easements, partial and full-taking)
• Review of ground and building leases
• Expert witness testimony
• Certiorari proceedings analyses
Market and Feasibility Studies
Our Real Estate Private Equity Group understands the critical issues facing our clients, whether
your investment strategy is core, value add or opportunistic. Our service approach is effective
both at the portfolio and fund levels. We understand and are experienced in the key financial
reporting considerations of real estate private equity funds including Investment Company
reporting, fair value reporting and calculation and accounting for performance returns.
We offer expert guidance, whether your needs involve accounting and tax services, transaction
support, valuation, financial modeling, integration, restructuring or financing. Our financial
advice is equally valued by investors, shareholders, managers and other business professionals.
REAL ESTATE PRIVATE EQUITY Specialty Area
Carlos Martins, Partner | Real Estate Practice Leader | (P) 212.375.6667 | (E) [email protected]
Unlike traditional real estate advisors, we offer seamless real estate consulting and
planning for both simple and complex engagements at every stage of a project’s life,
nationally and internationally.
FUND SERVICES
• Cost effective risk based audit of the private equity real estate funds
• Special purpose statements
• Assurance services on cash waterfall and valuation models
• Attest service for historical investment performance
• Effective tax structuring ensuring the best and most effective tax structure for domestic and foreign investors
• Tax structuring to minimize or mitigate the impact of unrelated business taxable income (“UBTI”)
• Tax planning and compliance services
• Outsourced accounting and financial reporting services which include maintaining accounting books and records, calculations of capital calls, distributions (including waterfall allocations), preferred returns and fees
• Recommendations for appraisal policies and procedures
PORTFOLIO MANAGEMENT
• Audit, assurance and tax compliance services for underlying investments
• Beneficial tax structuring and compliance services
• Purchase accounting
• Portfolio analysis and monitoring
FUND ADVISORY SERVICES
• Strategies for financing, refinancing or buying/selling properties that enable real estate private equity funds to attract the right investors
• Purchase and sell due diligence
• Valuation of real estate assets
• Appraisal review services
• Business valuation services including valuation studies of operating and investment holding companies for business planning/performance monitoring purpose
• Analysis of historical and projected financial information including cash flow modeling
• Review of contracts and agreements
• Forensic accounting and litigation support
• Lease abstracting
• Cybersecurity
Our Owners, Operators, Developers Group helps you preserve wealth from generation to
generation and takes on the burden of financial and tax compliance so that you can focus on
growing your business. By specializing in serving private developers, owners,
operators and managers of a wide variety of real estate entities, our professionals possess
a truly up-to-date understanding of developments in accounting and auditing, taxation, and
consulting from the development stage, to the operating cycle through your exit strategy
We have developed exceptional resources for creating tailor-made solutions specifically
designed for owners, operators and developers. We consistently deliver the highest level of
service with big firm capabilities and unmatched personal touch.
OWNERS, OPERATORS, DEVELOPERS Specialty Area
Arthur J. Adams Jr. Partner | (P) 212.375.6524 | (E) [email protected]
Other services include:
• Audit and tax return services • Tax-exempt bond application preparation • Bond financed development certification• Application pre-scoring to optimize likelihood of obtaining tax credits • LIHTC placed-in-service cost certification• Preparation or review of applications for allocations of 4% or 9% tax credit in
conformance with each state’s qualified allocation plan• Qualified and Historic Rehabilitation analysis and certifications• 421(a) and ICAP certifications • Transaction structuring and financial projections • Analysis of the propriety of partnership allocations according to IRS Code Sections
704 and 752 • Breakeven calculations• Cybersecurity
We serve some of the world’s top real estate companies and our offering can give
you a strategic advantage.
In today’s uncertain investing environment, Real Estate Investment Trusts (REITs)
are challenged to maintain shareholder value and take advantage of marketplace
opportunities. Management focuses on maintaining cash flow, holding onto core
investments and riding out periods of volatility. Our dedicated REIT group gives
you a strategic advantage in identifying solid opportunities, assessing value and
navigating complex tax laws and regulations both in the U.S. and abroad.
By specializing in serving private and public REITs, our professionals are able to
tailor their approach to meet your specific needs in tax planning, compliance
and documentation, reviewing operations and transactions, and structuring
acquisitions, construction and dispositions to assure compliance with the REIT
requirements. Our extensive background in valuation makes us especially
effective in identifying hazards and opportunities for our clients. We possess a
truly up-to-date understanding of the latest regulatory developments and can
bring exceptional value to your organization as your trusted advisors.
Specialty AreaREITSREAL ESTATE INVESTMENT TRUSTS
Howard S. Landsberg, Partner | (P) 212.375.6604 | (E) [email protected]
We have special insight into today’s volatile real estate markets and guide clients to long-term success and maximum profitability.
FUND SERVICES
Enterprise risk management
Business performance services
• Finance transformations
• Cost optimization
Transaction services
• Decision support
• Commercial, operational, financial and tax due diligence
• Objective project risk assessments
Contract compliance services
Construction advisory services
Dispute advisory services
• Alternative dispute resolution
• Cost and damage analysis
• Expert witness testimony
FUND SERVICES
Targeted studies on specific tax and audit issues
Credit risk management
Liquidity services
Valuation modeling
Restructuring services
Internal audit services
SSAE 16 services
IFRS conversion
Cybersecurity
Loan staff services
Timely alerts and analyses of new laws, regulations, IRS rulings and court decisions
Based on our substantial experience, we design solutions tailored to your company that target cash management, corporate
financing, audit and tax services, succession planning and technology.
Our Construction Services Group understands the special needs of contractors. We
are able to assist with bonding companies to ensure that your financial statements
are adequate and discover any potential issues before the statements are
submitted. We are also adept at providing training in construction and progress
schedules and have a significant background developing succession plans.
Specialty Area
Other services include:
Assurance and Accounting• Construction project monitoring• Construction requisite reviews• Construction budget analysis• Cash flow projections and analysis of internal control and reporting• Job costing systems and job profitability planning• Preparation of audit, review or compiled financial statements• Preparation of company and shareholder tax returns• Year-end company and shareholder tax planning• Tax compliance and planning for entities and owners• Provide advice on special industry tax regulations including look-back
planning and compliance• Assist clients in filing state-specific prequalification reports to bid on
governmental contracts• Assist with bonding and surety issues• Business succession planning• Employee benefit plan audits • ERISA• Mergers and acquisitions• Cybersecurity
By specializing in serving privately held and family-owned general contractors and construction firms, our professionals possess a truly up-to-date understanding of developments in accounting, business and compliance issues that are unique to construction.
Lisa Minniti, Partner | (P) 267.532.4377 | (E) [email protected] CONTACT
CONSTRUCTION
Mazars has built a strong practice dedicated to the hotel and hospitality
industry, blending technical expertise with industry specialization. This
dedicated group of professionals provides a full suite of accounting, audit, tax, and
management consulting services to the hotel and hospitality industry. Our clients
in this industry include hotels, golf courses, country clubs, restaurants, and food
service companies among others.
HOSPITALITY Specialty Area
Arthur J. Adams Jr. Partner | (P) 212.375.6524 | (E) [email protected] Donald Bender, Partner | (P) 516.620.8420 | (E) [email protected]
Other services include:
Assurance and Accounting• Audit, review and compilation of
financial statements• Retirement plan auditing services• Agreed-upon procedures• Special purpose statements• Common area audits for owners/
operators• IFRS compliance and advisory
services• Cash flow forecasting and
projections risk management, internal controls and internal audits
• Outsourced accounting and financial reporting systems
Tax Compliance & Structuring• Tax planning and business tax
compliance• International tax compliance and
structuring and cross-border tax issue resolution
• Transactional due diligence (buyer/seller)
• Cost segregation• Organizational structuring• SALT – State and local taxes,
including tax credits• Historical rehabilitation tax
credits, brown field credits and energy credit analysis
Consulting• Internal control review of hotel
operations• Fair value analysis• Assistance with financing• Due diligence services• Market feasibility studies• Tip reporting• Employee benefits consulting• Pension plan consulting• Restaurant and catering
operations• Debt restructuring• Mergers and acquisitions• Cybersecurity
The hospitality industry is constantly evolving in response to dynamic economic and competitive market conditions, including
the increasing demand to move to a more global platform.
Mazars USA LLP is an independent member firm of Mazars Group.
Mazars USA LLP provides insight and specialized experience in accounting, tax and consulting services. Since 1921, our skilled professionals have leveraged technical expertise and industry familiarity to create customized solutions to overcome client challenges.
As the independent U.S. member firm of Mazars Group, we have a global reach of 24,000 professionals in 90+ countries.
Locally and internationally, we build lasting relationships with our clients by addressing their particular needs, creating value and optimizing their organizational performance.
FOR MORE INFORMATION
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ABOUTMAZARS USA
