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Friedman LLP

Owner / Developer

Owner / Developer

Exceptional resources that deliver high returns.
  • Overview
  • Service Menu
  • Insights & Events

Overview

The opportunities in real estate development are extraordinary, but complex and not without risk. Friedman LLP’s Real Estate Services team brings almost a century of experience working on complicated transactions for many of the nation’s most well-known owners and developers. We’ll help you avoid pitfalls and maximize the outcomes of your transactions.

Friedman focuses on the operational, tax and financial issues, so you can focus on your deals and running your business. Whatever your real estate needs may be – from reducing taxable income and meeting financial and tax deadlines, to conforming with tenant obligations, determining and verifying partner income allocations and more – our skilled and dedicated advisors can assist with a comprehensive suite of audit, tax and consulting services.

Our ground-breaking differences:

  • Deep understanding of the operational, tax and financial issues involved in complex transactions enables us to structure them effectively—helping you maximize your investment.
  • Insider’s knowledge of the day-to-day issues of running a real estate business, giving us insight into your challenges.
  • More than eight decades advising owners and developers involved in a wide spectrum of properties—spanning affordable housing, multifamily, commercial, industrial and more.
  • Intangible yet crucial benefits that include partner and senior-level engagement, frequent communication, and timely information and resources delivered to you throughout the year.

Develop the groundwork for financial success today—connect with a member of the Real Estate Services team, or contact us.

Service Menu

In addition to our core accounting, audit and tax services, we provide unique offerings customized to our real estate clients’ specific needs. They include:

Transactional Services:

  • Deal structuring
  • Low-income and historical tax credits
  • Pre- and post-acquisition services, including:
    • Due diligence
    • Compliance monitoring during and post-completion
  • Rollups and UPREITS
  • Dispute resolution and mediation
  • Governance, risk and compliance consulting

International Tax Services:

  • Advising inbound clients on:
    • Investment structuring
    • Pass-through and blocker structures
    • Estate tax exposures in the U.S.
  • Consulting to outbound investors on:
    • Transaction structuring
    • Controlled foreign corporation rules
    • Passive foreign investment company regulations
    • Foreign tax credits
    • Tax Cuts and Jobs Act provisions, including Global Intangible Low Taxed Income (GILTI)
  • Optimizing structures, including:
    • New earnings stripping laws
    • Sheltering interest payments under the portfolio exception and/or treaty relief 
  • Assisting with tax compliance and reporting:
    • U.S. federal, state and local income tax returns
    • U.S. global information reporting
    • U.S. source withholding tax remittance and reporting
    • Foreign bank account reporting of foreign financial assets for U.S. residents
  • Coordinating with local legal counsel as well as local tax and other advisors, as needed, to develop and implement an integrated cross-border solution

Operations Services:

  • Business operations evaluation and strategic planning
  • Cash flow analysis and management
  • Cost certification
  • Internal controls assessment
  • Forecasts, projections and budgets
  • Lease abstracting

Disposition Services:

  • Estate planning and generational transfers
  • Liquidation planning
  • Property dispositions
  • Tax-free exchanges – Sections 1031 and 1033
  • Workouts and reorganizations
  • Expert testimony

Other Advisory Services:

  • Qualified Opportunity Zone consulting
  • International Financial Reporting Standards (IFRS) implementation
  • Information systems consulting
  • Partnership and shareholder agreement review
  • SEC reporting
  • Securitizations
  • Special project teams for outsourcing
  • Special purpose audits
  • Appraisal services
  • Cost segregation and maximizing depreciation
  • Lease review, structuring, restructuring
  • Loan and mortgage review

Insights & Events

  • January 14, 2022 What’s In a Name: IRS Chief Counsel Answers – At Least for Rental Income

    William Shakespeare’s Juliet thought that a name was arbitrary or irrelevant. Apparently, IRS Chief Counsel agrees, at least when it...

    Read more
  • July 29, 2021 Carbon Emissions & NYC Local Laws (#97) Got You Down? Consider C-PACE & Green Mortgage Loans

    The COVID crisis has created many challenges for businesses far and wide. For real estate owners and operators, the challenges to...

    Read more
  • August 6, 2020 6th Annual Brooklyn Queens Forum

    Friedman is proud to be the exclusive accounting firm sponsor of the 6th Annual Brooklyn Queens Forum, now a virtual...

    Read more
  • August 6, 2020 How COVID-19 is Impacting Life Science Real Estate in the Greater New York City Area

    The tremendous growth of the global life sciences sector, and its real estate property needs (including construction, leasing activity and...

    Read more
  • January 14, 2022 What’s In a Name: IRS Chief Counsel Answers – At Least for Rental Income

    William Shakespeare’s Juliet thought that a name was arbitrary or irrelevant. Apparently, IRS Chief Counsel agrees, at least when it...

    Read more
  • August 6, 2020 How COVID-19 is Impacting Life Science Real Estate in the Greater New York City Area

    The tremendous growth of the global life sciences sector, and its real estate property needs (including construction, leasing activity and...

    Read more
  • May 27, 2020 [Access Webinar] Real Estate in Post COVID-19 World

    Friedman hosted a webinar featuring a panel of real estate industry experts who discussed COVID-19's impact on the commercial and...

    Read more
  • June 7, 2019 “Strong Island” City Perseveres Without Amazon

    Last Valentine’s Day, Amazon broke a few hearts after announcing that they would no longer establish their headquarters in Long...

    Read more
  • February 1, 2019 [Video Series] Unraveling Tax Reform -- Opportunity Zones

    Watch the second episode in this exclusive series featuring Steven Bokiess, CPA, Partner for ways to reap tax advantages by investing...

    Read more
  • July 29, 2021 Carbon Emissions & NYC Local Laws (#97) Got You Down? Consider C-PACE & Green Mortgage Loans

    The COVID crisis has created many challenges for businesses far and wide. For real estate owners and operators, the challenges to...

    Read more
  • August 6, 2020 6th Annual Brooklyn Queens Forum

    Friedman is proud to be the exclusive accounting firm sponsor of the 6th Annual Brooklyn Queens Forum, now a virtual...

    Read more
  • March 17, 2020 Commercial Observer 4th Annual Retail Forum

    Friedman is proud to be a sponsor of this exclusive event presented by the Commercial Observer. Who Should Attend Leasing Brokers •...

    Read more
  • View all Events
  • View all Insights

Spotlight

Spotlight
  • COVID-19 Resource Center
    COVID-19 Resource Center

    Get breaking news and tactical business guidance

    Read more

Related Industries

Related Industries
  • Affordable Housing Accounting Services
  • Construction
  • Real Estate
  • REITs

People

People
  • Frederick R. Berk
    Frederick R. Berk
    CPA, Co-Managing Partner
    fberk@friedmanllp.comp 212.842.7530
  • Meet more of the team

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