DHG | Real Estate

Foundational Services for Real Estate Companies

Real estate companies stand to benefit from the economy’s growing strength. To do so, however, they must be ready to capitalize on new opportunities, combining sound accounting and financial performance with long-range strategic vision.

DHG Real Estate professionals have been helping developers build asset value and operating income in times of economic expansion and contraction. We work with a wide range of industry players — real estate owners, developers, partnerships, funds, trusts and property management operations. These clients develop and/or manage a wide range of properties, including:

Major shopping centers
Single-tenant retail
Neighborhood and community strip centers
Office and industrial properties
Multi-family housing
Residential developments

We can monitor your financial performance, provide tax planning and offer strategic guidance on the formation and management of complex capital structures. Our services include:

Strategic Planning
Tax Planning
Assurance
Transaction Advisory

We customize our resource delivery through one DHG partner. This partner manages your relationship, working closely with your owners, management and board to provide the accountability and responsiveness you need.

Services

Our services come with an up-to-date understanding and awareness of industry trends, so you can plan intelligently, manage risk and capitalize on opportunities while maintaining full regulatory compliance and demonstrating the operating efficiency and cash flow that lenders look for.

Assurance

Audits, reviews and compilations, including those subject to the reporting requirements of the U.S. Department of Housing and Urban Development (HUD) and cost certifications
Accounting and Internal controls
Internal audit, risk and compliance services
Cash flow analysis and forecasts
Budgets, forecasts, and projections
Feasibility studies
Financial risk management
Contract compliance
Employee benefit plan audits

Tax

Return preparations
Entity selection considerations
Project analysis
Tax-free exchanges
Partnership taxation consulting
Transaction assistance and analysis
Passive activity rules
Alternative minimum tax (AMT) issues
Cost segregation
Representation before the IRS

Advisory

Business Valuations
Cash flow analysis and forecasts
Cost Segregation Studies
Estate planning, including charitable remainder trusts, family limited partnerships, gifting strategies and asset transfers
Evaluation of expert reports and expert witness testimony
Federal and state tax credit programs
Internal Controls
Financing
Government-Assisted and Government-Insured Property Advisory
Historical Tax Credits
Like-Kind (1031) Exchanges
Low-Income Housing Tax Credit
Operational improvement services, including operational manuals, human resources management, compensation programs, operational reviews, internal control reviews and accounting system selection
Ownership considerations, including business continuation and transition, formulating exit strategies, employee relationships, business valuations and mergers and acquisitions
Personal tax services, including alternative minimum tax considerations, capital gains, installment sales and individual tax return preparation
Real Estate Investment Trusts (REITs)
Special Partnership Allocation and Distributions

Experience

We work with real estate owners, developers, partnerships, funds, trusts and property management operations. These clients develop and/or manage a wide range of properties, including:

Major shopping centers
Single-tenant retail
Neighborhood and community strip centers
Office and industrial properties
Multi-family housing
Residential developments

In addition to our client experience, DHG Real Estate professionals stay involved with national, state and local industry associations. Our involvement keeps us current with industry trends and legislative and regulatory activity, to help ensure that our guidance addresses both your short- and long-term needs.

Our professional certifications and associations include:

American Institute of Certified Public Accounts
National Association of State and Local Equity Funds
Affordable Housing Association of Certified Public Accountants
Certified Construction Industry Financial Professionals
LEED Accredited Professionals
Certified Green Professionals
Certified Management Accountants

Knowledge Share

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Section 179D – How Designers of Government-Owned Buildings Can Receive Benefits

Tax incentives for buildings are typically associated with a taxpayer and the actual owner of the building, but federal tax incentives actually allow designers of government-owned buildings the ability to allocate and transfer a tax deduction to their tax return. The incentive is tied to a special tax incentive outlined in Section 179D of the tax code regarding energy efficient buildings.

Section 179D Green Incentives Retroactively Extended

On Dec. 20, 2019, the Omnibus Appropriations Bill H.R. 1865 was signed into law, which provided an extension for the Section 179D energy efficient building deduction, now allowing projects placed in service in 2018, 2019 and 2020 to be certified for qualifying energy tax incentives. The Section 179D tax deduction was originally passed as part of the Energy Policy Act of 2005; on Feb. 9, 2018, the Bipartisan Budget Act was also passed to provide a one-year retroactive extension for Section 179D for projects placed in service in 2017.

FASB Finalizes Effective Date Delays for Major Accounting Standards

Today, the Financial Accounting Standards Board (FASB) issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.

Upcoming Events

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Webinar Recordings

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Private Company Live Stream: What to Look for in 2020

Join DHG professionals on January 9th as we discuss top issues affecting private companies. We’ll facilitate an interactive conversation to discuss the impacts of recently released guidance from FASB, the latest updates on tax reform, corporate culture and talent engagement, as well as IT trends.

Year End Tax Planning Webinar for Construction and Real Estate Companies

Many construction and real estate companies contemplate opportunities to minimize their income tax payments as the end of the year approaches and address potential traps and pitfalls to avoid. Join us December 12, 2019 as we discuss top tax planning opportunities and risk mitigation techniques to consider post tax reform.

Top Issues Affecting Private Companies

Join DHG Assurance, Tax & Advisory professionals on January 9th as we discuss top issues affecting private companies. We’ll facilitate an interactive conversation to discuss the impacts of recently released guidance from FASB and the IRS.

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Section 179D Tax Deduction

Section 45L Tax Credit

Downloads

179D - Deduction for Energy Efficient Property

45L - Energy Efficient Home Credit

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