REAL ESTATE FUND
ADMINISTRATION SERVICES
Mengali Accountancy is a boutique CPA and outsourced accounting firm offering back-office financial services to real estate funds, joint ventures, and syndicators. We use robust, enterprise-level technology platforms to drive accuracy, efficiency, and secure data retention. Formed in 2003, we have more than a decade of experience in real estate transactions of all types, including commercial, multifamily housing, ground-up development, redevelopment, tax credit equity, REITs, deed-in-lieu acquisitions, and others nationwide. We have worked with numerous joint-venture partners, including Wells Fargo Real Estate Investment Corporation; Ares Management; Och-Ziff Capital Management; Pacific Coast Capital Partners; ING Realty Partners; The Praedium Group; Buchanan Street Partners; Angelo, Gordon & Co.; Torchlight Investors; Prospect Capital Corporation; PIMCO; McDowell Properties; and The Reliant Group.
Our core values are excellence, accuracy, integrity, dependability, collaboration, and respect, while providing the highest level of service to our clients. You will save a substantial amount of time, energy, and frustration, as well as enjoy peace of mind in knowing that your financial reports are both timely and accurate.
SERVICE OFFERINGS:
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Third-party fund administration at ownership level, with custom financial statement reporting
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Bookkeeping services at ownership level, including bill payment, reconciliations, receivables, payroll, and 1099 filings
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Analysis of title closing statements and development of acquisition, disposition, and refinance workbooks
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Property-level financial review and correction, with journal entry adjustments as needed, on either GAAP or tax basis (or both if required)
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Capital tracking by partner
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Distributable cash calculations
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Creation of depreciation and amortization schedules for GAAP or tax basis (or both if required) and ongoing maintenance as required
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Property tax and prepaid insurance schedule maintenance
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Accounting for active insurance claims, including lost rents
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Construction draw payment processing, including optionally calling capital from partners to fund capital improvements and not impact operational cash flows
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Lender debt covenant management and specialized reporting, if required
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Business process consulting with custom-designed processes, policies, and procedures
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Tax return preparation (optional—we also work collaboratively with existing CPA firm relationships)
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Audit support, working collaboratively with existing CPA firm relationships to provide support and ensure that audit deadline is met
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Paperless maintenance of all financial documents, using state-of-the-art software
