Real Estate & Construction
We'll give you a firm financial foundation.
Call us the know-it-alls of real estate and construction accounting. Complexity and rapid change don’t faze us. We’ll keep pace with your dynamic industry and proactively help you resolve challenges and prepare for the future.
And here you thought you were just getting your taxes done.
It's not our job;
it's our vocation.
As real estate accountants and advisors, we are fluent in the operational, financial, and industry dynamics you face in the world of real estate and construction. We know how to spot financial opportunities—which means you will, too. You can always expect us to…
Begin with the end in mind and design a plan that supports your exit strategy
Know the ins and outs of your specific business complexities (you’ll work with a dedicated, consistent team)
Anticipate your challenges and understand the creative options to apply so you’re ahead of the game
Ensure you have access to and really get to know all the individuals on your Perkins team, senior to junior, for well-rounded service and timely support
Be transparent about cost at all levels
Provide education and networking opportunities through our Real Estate Connection series
Answer your questions within 24 hours
We can help business in real estate and construction with...
Federal, state, and local tax issues and audits
CAM charge analysis
Capitalizations vs. repairs
Cash flow modeling
Deal economic performance analysis
Debt restructuring and workouts
Entity choice and exit strategy
Federal tax credit planning, including new markets, low-income housing, and historic rehab
Multi-state and local tax planning, including real estate transfer taxes
Networking for financing and investor opportunities
Oregon BETC and federal ITC grant certification
Sustainable energy incentive tax planning
Real Estate client purchased an existing commercial building and did a complete asbestos removal project along with other significant tenant and building improvement projects.
The investment in the capital improvements described above was deducted over a fairly long period for tax purposes. Our goal was to maximize the depreciation expense allowed as much as possible.
Our real estate accounting group worked with our affiliate, BDO Seidman, on a cost segregation study. The study analyzes the building, its structural components, and other components and allocates the costs to the shortest-lived property allowed by the IRS. The cost segregation study allowed the client to take and additional $4.8 million in depreciation deductions in the year the study was done.
Our 1:6 ratio means more 1:1
Our ratio of executive team shareholders to staff is unusually low for a full-service regional firm: 1:6 or lower, depending on the service or industry practice group. It means you get the direct, involved attention of our top talent from day one. They proactively offer you strategy, feedback and ideas all along the way.
Don't take our word for it
“Good knowledge on complex real estate and business affairs and excellent customer service/responsiveness. Also provide great educational/networking events that make it fun to keep up on taxes and the people in my industry. Nice work!”
Urban Asset Advisors LLC
“The staff at Perkins have been so very helpful and accommodating in helping us meet our financial and tax goals. We use them not only for the regular tax prep of our returns but also as part of our tax planning advisory committee that meets quarterly. They help us strategize and come up with new ideas so we can meet our tax objectives for the year. I have really enjoyed working with Tim Kalberg, Kimberly Woodside, Trent Baeckl and Isaac Jones and look forward to our continued partnership with Perkins.”
Holland Partner Group
Real Estate & Construction
Multnomah County Ballot Measure 26-238: Eviction Representation for All
Perkins was recently engaged to provide tax analysis on the proposed Multnomah County ballot measure 26-238 set to be voted...Read more
Washington’s New Capital Gains Tax Is Being Enforced
The 2021 Washington State Legislature enacted a new 7% excise tax on long-term capital gains, effective for sales or exchanges...Read more
Delaware Corporations: Annual Report and Franchise Tax Filing Requirement Due by March 1
Is your business incorporated in the state of Delaware? If so, you are required to file an annual report and...Read more