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Advisor Overview

EXPERIENCE HIGHLIGHTS

Larry Beck, with more than 30 years of experience in public accounting, advises across the diverse spectrum of the real estate industry — real estate opportunity funds, owners, operators, developers, investors, and managers — on operational issues, transactions, and tax matters.  Previously, Mr. Beck was the founder and managing member of Beck & Company LLC, an accounting firm specializing in the real estate industry that merged into Berdon.

Mr. Beck’s expertise encompasses areas that include the following:

  • Perform due diligence for a diverse array of complex real estate acquisitions throughout the U.S. and beyond
  • Assist clients through each step of the real estate acquisition process — contract, closing and integration.  Services include:
    • Financial underwriting
    • Due diligence
    • Liaison with attorneys in drafting purchase agreements
    • Coordinate the tenant estoppel and SNDA processes
    • Coordinate the creation of closing statement and related pro-rations and closing adjustments
    • Recording the asset and interacting with property managers to insure a seamless transition to the new owner’s operations
  • Conduct forensic investigations to identify misappropriated funds, kick-backs, defalcations and to insure contractual obligations are fulfilled
  • Assist with mergers of public REITs and REIT IPOs
  • Assist large real estate funds in establishing financial reporting systems and integrate those systems with multiple third party property managers’ reporting systems
  • Provide mortgage loan servicing services 
  • Monitor waterfall calculations, debt compliance, tenants’ insurance compliance, and lease administration     
  • Provide tax planning and preparation for partnerships, corporations, and trusts as well as for U.S. and non-U.S. high net worth individuals
  • Perform certified audits for institutional real estate clients
  • Assist in establishing the fair market value of real estate assets 
  • Monitor and review reports of third-party management companies
  • Represent landlords with tenant operating expense escalation audits and percentage rent audits
  • Review or prepare lease escalation billings

PROFESSIONAL MEMBERSHIPS AND ACTIVITIES

American Institute of Certified Public Accountants

New York State Society of Certified Public Accountants

Northport-East Northport School District

  • Past Member, Audit Committee

EDUCATION AND LICENSES

Larry Beck graduated from Hofstra University with a Bachelor of Business Administration degree in accounting. He is licensed as a certified public accountant in New York State.