Overview
The real estate sector continues to evolve amid increasing financial, regulatory, and operational demands. Shifts in accounting standards, property tax regulations, and capital structures require real estate owners and operators to maintain detailed and accurate financial reporting. These pressures have led many organizations to seek specialized support to navigate these requirements while remaining focused on daily operations.
Anchin’s Real Estate Advisory Services group (REAS) was developed to address these challenges by providing accounting and advisory support specifically designed for the real estate industry. REAS functions as an extension of internal real estate accounting teams, offering ongoing support rather than project-specific help. This model gives clients access to experienced professionals who work closely with management throughout the year. The team focuses on helping organizations better understand and anticipate accounting issues, improve financial reporting, and remain compliant with evolving requirements.
Tax Certiorari Reporting and Property Tax Support
In New York City, tax certiorari filings allow property owners to challenge the assessed values, potentially reducing their real estate tax obligations. Preparing for these filings requires clean, well-organized financial records. REAS assists clients by reviewing the underlying data used in these assessments, to help ensure accuracy and consistency.
The team works closely with a client’s internal accounting team and collaborates with legal counsel to review records, identify opportunities, and maximize deductions and potential reductions in assessed property values. By coordinating across accounting, management, and legal teams, Anchin’s REAS team helps clients efficiently manage the filing process and pursue lower property tax obligations with confidence.
Fixed Asset Review and Tax Planning
Fixed assets activity, including acquisitions, disposals, improvements, and capitalized costs, plays a central role in real estate accounting. REAS conducts detailed reviews of fixed asset activity to confirm proper classification and completeness. By analyzing this activity under current tax law, the team helps clients understand available deductions, credits, and depreciation benefits, enhancing tax efficiency and supporting strategic planning. This process supports both compliance and more informed tax planning.
Support Across Real Estate Transactions
Real estate transactions often carry significant accounting implications. The REAS team assists with analyzing and accounting for capital events, acquisitions, asset dispositions, refinancings, restructurings, and other complex transactions. Their role includes helping ensure that these transactions are recorded accurately and reflect the appropriate accounting treatment.
In addition to transaction support, Anchin assists clients with day-to-day real estate accounting activities, offering guidance on routine operations, financial reporting matters, and ongoing compliance requirements. By providing support in areas like tax certiorari reporting, fixed asset analysis, and transaction accounting, REAS helps internal teams focus their time on strategic business activities. Divisions of responsibilities can improve operational efficiency, especially for organizations with lean accounting departments or complex portfolios.
Anchin’s Real Estate Advisory Services supports a wide range of real estate asset classes and ownership structures, including family-controlled entities, developers, syndicators, and real estate funds. This exposure to various asset classes and ownership structures helps the team tailor its approach to different operational models and reporting requirements.
With its partner-led, hands-on approach, Anchin helps clients reduce complexity, manage risk, and position their organizations for long-term success. Whether supporting day-to-day operations, complex transactions, NYC tax certiorari filings, or fixed asset tax planning, Anchin’s Real Estate Advisory Services enables clients to operate with confidence and focus on what matters most, growing and managing their real estate portfolios.
