Real Estate Investment Trusts (REITs)
Since the 1990s, Real Estate Investment Trusts (“REITs”) have gained considerable traction as an investment vehicle due to their significant tax advantages. With those advantages, however, come complex compliance requirements under Internal Revenue Code Sections 856 and 857. These requirements include, for example, the type of business classification and minimum number of shareholders. In addition, certain quantitative REIT compliance test thresholds must be met.
Real Estate Services is a cornerstone practice at EisnerAmper. Members of our Real Estate Group have years of practical experience in complicated transactions involving audit, assurance, tax, information technology and consulting services.
We work with a broad-spectrum of clients to help them effectively manage their portfolios and real estate assets. These clients include family offices, institutional investors, foreign entities, and an increasing number of non-traditional real estate businesses using the REIT framework.
EisnerAmper’s professionals examine each client’s needs and situation holistically. We then leverage extensive firm-wide resources to work cooperatively with clients to develop a long-range growth plan.
Our real estate experts develop their extensive skills and networks through speaking, writing, continuing education, and active participation in industry events. EisnerAmper’s full menu of REIT services includes:
Audit and Assurance
- Financial statement audits and reviews
- Audits under Regulation S-X 210-3.14 (real estate acquisition) and Regulation S-X 210.3.05 (business combination)
- Sarbanes-Oxley compliance
- Due diligence for real estate acquisitions
- Local, state and international taxation
- Sale/leaseback structuring
- Real estate tax credit analyses
- Property/lease valuations
- REIT Compliance
- Fraud review and assessments
- Data security and privacy
- Disaster recovery
- IT governance
- Lease and contract compliance
- Cost segregation studies
- Earnings and profits studies
- Transfer pricing studies
- Taxable REIT Subsidiary (TRS) structuring