Page 6 - RE-NJ

Rebecca Machinga,
CPA, CGMA, Partner
Real Estate Practice
Leader
Al Erdmann, CPA,
CGMA, Partner
Real Estate Audit Lead
Brian Lovett, CPA, JD,
Partner
Real Estate Tax Lead
Jim Mulroy, CPA, PSA,
CGFM, CGMA, Partner
Affordable Housing
Lead
Rebecca Makely, CPA
Real Estate Advisory
Lead
OUR CLIENTS
Our favorite clients to work with are those who are
entrepreneurial, passionate about what they do and
seeking to grow. We work with clients ranging from
individuals with real estate investments, to private
funds that use “friends and family” money to expand
their portfolio, to large real estate funds and REITs
who are looking to work with a fi rm who is nimble,
responsive and has the knowledge and expertise to
service any size real estate entity.
OUR ADVANTAGE
Our professionals, from staff to partner, are
entrepreneurial and understand the industry. The
expectation of our professionals is that they get
out in the marketplace, understand the biggest
issues affecting our real estate clients and have the
ability to communicate potential solutions. Our
partners are those who roll up their sleeves and get
very involved with our clients on a regular basis —
listening, vetting issues, making recommendations
and advising. Our 2,500 team members across
the globe can address any business issue that
challenges our clients, whether accounting-related
or not.
6
506 Carnegie Center, Suite 400
Princeton, NJ 08540
YEAR FOUNDED: 1974
NUMBER OF ACCOUNTANTS INVOLVED
IN COMMERCIAL REAL ESTATE IN
NEW JERSEY: 47
AREAS OF EXPERTISE IN REAL ESTATE:
Planning, structuring, tax credits, valuations,
ESG, cost segregation, outsourced accounting,
cybersecurity, digital and technology
transformation, tax compliance and attest
services.
ON THE HORIZON
The biggest opportunity for Withum is in the advisory
services arena. With specialists focusing on non-
traditional accounting fi rm offerings, we have the ability
to help our current clients and prospects with services
that help their businesses thrive, outside of traditional
accounting services. The services that provide the most
impact include cost segregation studies for upfront tax
savings, outsourced accounting for back-offi ce support
as our clients struggle with their workforce, tax credits
for immediate tax savings and real estate valuations for
gifting and succession plan purposes.
PROJECT SPOTLIGHT
Withum’s real estate tax team was engaged by a
new client to provide tax compliance and consulting
services for a group of affordable housing communities
with rental properties located across various states.
The client came to Withum largely because they were
undergoing a complex business roll-up of approximately
20 rental properties into one and needed Withum’s tax
expertise to help them through the process. Withum
was able to guide them from start to fi nish, reviewing
formation documents, preparing short-year fi nal tax
returns, computing IRC Section 704(c) built-in gain/
loss calculations, preparing special partner allocations,
analyzing business interest expense limitations under
IRC Section 163J, providing cost segregation studies,
and preparing the roll-up entity’s consolidated federal
and state tax returns. The project required multiple
professionals in various disciplines to work together
seamlessly to provide the client a full solution to their
needs — timely, effectively and effi ciently.