Real Estate
At CFGI, we specialize in providing tailored solutions to address the unique challenges faced by the real estate industry. In the dynamic and complex world of real estate finance, we understand the intricacies that come with recruiting top talent, managing cash flow in a challenging environment, and meeting stringent debt and lender reporting requirements. Our goal is to empower real estate businesses to establish scalable and efficient processes and to navigate these challenges with confidence and precision.
Challenges Faced by Real Estate CFOs
CFOs in the real estate industry encounter distinctive challenges that require specialized expertise:
Recruitment and Retention of Talent
Hiring and retaining professionals with expertise in real estate-specific accounting matters such as Common Area Maintenance (CAM) calculations, lease accounting, and GAAP versus Tax accounting.
Cash Flow Management and Liquidity Projections
Navigating cash flow management and liquidity projections in a challenging environment marked by volatile interest rates and vacancy rates in commercial real estate.
Debt and Lender Reporting
Meeting the stringent requirements of debt and lender reporting, providing clear and supportable revenue and liquidity projections to maintain compliance with capital institutions.
CFGI Expertise in Real Estate
At CFGI, we bring a wealth of expertise to address the specific needs of the real estate industry:
- ASC 842 – Leases Implementation: Providing comprehensive support for ASC 842 implementation, including accounting and lease software implementation and ERP integration.
- Streamlining Accounting Close Processes: Improving efficiency by streamlining monthly, quarterly, and annual accounting close processes to enhance reporting timing.
- Audit and Regulatory Compliance: Offering internal and external audit support, as well as regulatory compliance guidance specific to real estate and REIT matters.
- Real Estate Financial Analysis and Modeling: Utilizing advanced financial analysis and modeling to provide valuable insights for real estate decision-making.
- Fair Value Analysis: Conducting fair value analysis to ensure accurate and transparent valuation of real estate assets.
- Debt Modification and Extinguishments Review: In-depth review and consultation on ASC 470-50 for debt modification and extinguishments.
- CECL and Portfolio Impairment Analysis: Specialized analysis to navigate CECL requirements and assess portfolio impairment within the real estate sector.
- Earnings Per Share (EPS) Calculations: Expertise in ASC 260 for accurate and compliant earnings per share calculations.
- · Segment Determination and Reporting: Providing support in determining and reporting on segments within the real estate industry.
Recent Relevant Projects
Our commitment to excellence is reflected in recent projects that showcase our capabilities:
- Interim Property Controller/Accounting Manager – Provided interim support for a multi-billion-dollar private real estate investment firm.
- ASC 842 Consultation – Consulted on industry-specific matters, including ground leases and air rights analysis.
- Fixed Asset Automatization – Successfully transitioned from manual processes to real estate accounting ERP for fixed asset management.
- Real Estate Asset Valuation and Modeling – Conducted comprehensive valuation and modeling for real estate assets.
Connect With Our Leaders
Andres Garzon
Senior Managing Partner
(617) 306-1888
agarzon@cfgi.com
Matt Pantera
Partner
(508) 625-0172
mpantera@cfgi.com
Diana Cordeiro
Partner
(617) 308-2754
dcordeiro@cfgi.com
Partner With CFGI
For Better Results.
Partner With CFGI For Better Results.
