Centri Case Study: Taking Your Real Estate Entity to the Next Level
A start-up real estate entity that received some initial anchor investors was looking to take the next step and drive their company towards the public markets. The company had the personnel to perform the everyday accounting functions and operations, but it did not have the skillset or bandwidth to handle the impacts of technical accounting matters nor have the expertise to address the compliance of developing an internal control structure.
The company called on Centri to create accounting policies and controls, help identify gaps within the internal control environment, address accounting risks in the organization that would be impactful in the development of the organization, and assist with technical accounting position papers in connection with transactions between affiliates within their UPREIT organizational structure.
Centri assembled two separate teams to assist the client, each representing one of its solution sets. The first team focused on the development of internal control narratives such as a heat map, gap analysis, and a risk and control matrix. The second team focused on the preparation of several position papers that documented the assessment of technical accounting matters ranging from topics such as the evaluation of variable interest entities (VIEs) to the impact of leases in which the company is the lessee.
Because Centri has a breadth of team members across its multiple solution sets, the company was able to obtain the deliverables on time for not just its audits, but also for the timely filing of its original registration statement.
Whether a company is taking the next step in its development or the first step in its journey, Centri tailors its solutions so you can feel assured that your infrastructure is built properly and that your complex accounting matters are addressed correctly the first time.
Managing Director | Real Estate Practice Leader | CPA
Michael is a Managing Director at Centri Business Consulting and the leader of the firm’s Real Estate Practice. He joined Centri in June 2022 and assists in practice development across the firm’s service lines. Throughout...
About Centri Business Consulting, LLC
Centri Business Consulting provides the highest quality advisory consulting services to its clients by being reliable and responsive to their needs. Centri provides companies with the expertise they need to meet their reporting demands. Centri specializes in financial reporting, internal controls, technical accounting research, valuation, mergers & acquisitions, and tax, CFO and HR advisory services for companies of various sizes and industries. From complex technical accounting transactions to monthly financial reporting, our professionals can offer any organization the specialized expertise and multilayered skillsets to ensure the project is completed timely and accurately.
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