Real Estate Journal — Financial Digest — November 11 - 24, 2016 — 7A
M id A tlantic
F inancial D igest
RINCETON, NJ — From traditional ac- counting, auditing and P Client base ranges from small, entrepreneurial startups to billion-dollar companies Withum’s Real Estate Services Group focuses on management services for all asset types
role is real estate business succession planning. “While related to estate planning and wealth preservation, succes- sion planning has become an area of increased focus within commercial real estate and across all other industry sec- tors,” said Machinga, who is a CPA in New Jersey, Pennsyl- vania and Florida with over 20 years’ experience in profes- sional accounting. “Succession planning is one of today’s greatest financial challenges facing small-to- mid-sized real estate enti- ties, many of which lack a
retirement plan and/or exit strategy,” she added. “Once structured and implemented, the succession plan ensures harmony among family mem- bers and/or partners, safe- guards assets from creditors and preserves one’s wealth.” Withum’s client base is as diverse as its Real Estate Ser- vices Group offerings. Recent assignments include: •Tax and consulting services for a real estate development and property management company with $10 billion in active commercial real estate development and a strong resi-
dential development portfolio •Internal audit work for one of the nation’s largest REITS involved in the development, ownership and management of commercial real estate proper- ties with annual revenues of over $775 million •Audit, tax and consult- ing work for a family-owned 11-building, 800,000 s/f office park and other ancillary real estate investments with an- nual revenues of $22 million •Audit, tax and consulting services for one of the largest private developers/managers of commercial and residential
real estate in New Jersey, with over 5,000 residential units and several hundred thousand s/f of commercial space, consisting of residential apartments, condominiums and townhomes, retail and commercial centers and hotels •Audit, attest, tax and con- sulting services for an owner/ developer of commercial and residential real estate that owns and manages over 90 properties, including office, medical, retail and industrial flex space totaling 4+ million square feet located throughout the tri-state region. n
tax services to commer- cial real es- tate indus- try-specific management a d v i s o r y s e r v i c e s , t h e R e a l Estate Ser- vices Group
at WithumSmith+Brown (Withum), PC , assists clients in meeting their business and growth objectives, increas- ing profitability and reducing operating costs. Princeton, NJ-based Withum is a top-30 nationally ranked public ac- counting and advisory firm with 800 staff members and an- nual revenue of $140+ million. “From transactional exper- tise – assistance with acquisi- tions or debt restructuring – or on-going compliance – like au- dit and tax preparation – our client base has come to rely on us to help them achieve a position of strength,” said Rebecca Machinga, CPA, CGMA , Withum partner and practice leader of its Real Es- tate Services Group. The firm’s industry special- ists serve a wide range of commercial, residential and industrial property developers; owners/investors; managers; agents; and brokerage profes- sionals. Asset categories run the full spectrum and include office properties, industrial buildings, apartment-rental properties, condominium and townhome communities, retail centers, hospitality and mixed use and parking facilities. Withum also advises clients focusing on residential homes, golf-course communities and low-income housing. Property-related services include cost-segregation strat- egies, like-kind exchange strat- egies, budgeting and forecast- ing, cash-flow analysis, acqui- sition due diligence, property valuations, lease analysis and review and financing assis- tance. On the management side, Withum works with cli- ents in the areas of ownership planning and restructuring, internal accounting proce- dures, assurance services, tax compliance, insurance consulting, litigation support and employee compensation and benefits. One area in which Withum reports a surge in its advisory
While we can’t promise we’ll approve every business loan,
If you run a business and have ever needed a loan of any kind, you probably understand the above headline all too well. While many of the banks in the Philadelphia area try to act “local”, when it comes to calling the shots they’re anything but. Any decision of consequence happens in some headquarters thousands of miles away. A fact that can cost you both time and money. Beneficial Bank, on the other hand, has been serving the community and businesses of Philadelphia for over 160 years. Our loan committees are made up of people who live and work, right here, where you do. People with a keen knowledge of business here. we can promise the decision makers are right here in Philadelphia.
To learn more, contact Marty Gallagher, Chief Lending Officer, at 215.864.3540
All loan products subject to credit approval.
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