Advising many of the most prominent figures who shape the New York skyline and beyond, we eat, sleep, and breathe real estate to help them succeed. Our real estate team—led by partners averaging 25 years of experience and many are both CPAs and attorneys—is backed by more than 100 professionals, making it one of the largest in the profession.
The Berdon Team Advises:
COMMITMENT TO THE REAL ESTATE INDUSTRY
Berdon’s real estate expertise runs broad and deep. Our clients have been involved with the development and construction of some of the area’s most iconic developments. They continue to turn to Berdon for the unparalleled service, industry knowledge and technical expertise that we deliver.
Our team of experts can help you in any number of areas critical to your success:
Tax Strategy: Because any move may have tax consequences, dedicated federal, state, local and international tax specialists offer strategies to put you in the best tax position.
Deal Structuring & Transaction Facilitation: Representing clients in highly complex transactions in the billions of dollars, we evaluate the economics and claim the maximum tax advantages while performing due diligence and helping overcome roadblocks.
Cost Certifications: Used to fulfill the needs of government agencies and tax incentive programs, our cost certifications are relied on by the Department of Housing and Urban Development, as well as federal, state, and local tax authorities. With deep experience in real estate and construction, and a national reputation for excellence in real estate accounting—we deliver results that are reliable and cost efficient.
Lease Audits: For nearly ten decades, we’ve been advising real estate organizations of all types and sizes—amassing deep insights into the pitfalls, ambiguities, and nuances of leases to help clients realize cost savings. Successfully representing both tenants and landlords, we have performed hundreds of lease and lease escalation audits. We know where to look to quickly uncover overcharges and both common and uncommon mistakes that can lead to refunds. Leveraging our real estate expertise gives us a clear picture of actual operating expenses for Class A and other types of properties. Looking deeply at the all–important base year, we isolate variations that directly impact all future escalations.
Due Diligence: Hands-on throughout the entire process, we help you identify the value drivers, evaluate the deal breakers, and develop negotiating points essential to helping you make an informed business decision. From bid support during the auctioning phase to detailed financial due diligence once exclusivity is granted, we take a practical, risk-based approach to every engagement.
Family Issues: For real estate families, we plan for the complex interplay between the needs of the business, family, and individuals. Our advice encompasses areas that include compensation, short-and long-term planning, and succession.
Workouts and Restructuring: Whether you are the borrower, buyer of debt, or lender, we weigh the tax, business, financial impact on you and your organization to isolate the optimum path.
Negotiation: Standing with you at the negotiation table for sales, mergers, exchanges, and acquisitions, we help you determine if and when the deal makes sense from a business and economic perspective and offer alternatives. We leave no stone unturned when examining a negotiation on behalf of our clients.
Funding: Leveraging our strong relationships with banks, venture capitalists, and alternative financing sources, we can introduce you to potential funding sources for your next project.