Real Estate

Commercial, industrial, and residential real estate businesses are affected by swings in the lending environment, interest rates, material costs, and advancements in technology that create greater efficiencies. Depending on these factors and more, you need to keep close watch on your expenditures, property valuations, and costs associated with development and construction. You also want to make certain you are taking advantage of every tax credit and incentive available so that you can reinvest in your business.

Rich in Industry Experience

Lumsden McCormick has been serving real estate operators, developers, and investors for more than 30 years. We understand that the needs of the industry are multifaceted with complex reporting and transaction requirements. We collaborate with you to assess your needs and devise innovative approaches to financing and management that align with your long-term goals.

Our certified public accountants well versed in real estate proactively consider every detail to properly guide clients through all types of transactions, from assisting with tax-deferred property swaps to performing cost segregation studies and maximizing development incentive credits.

Our real estate services include:

Audit and Assurance Services

Tax Services

Consulting Services

Firm Resources

For more information about our accounting and consulting services for real estate businesses contact Brian Kern or complete the form below.

Services Leaders

Brian Kern

Brian J. Kern, CPA

Partner
Michē Needham

Michē C. Needham, CPA

Partner
Kerry Roets

Kerry A. Roets, CPA

Principal
David Schlein

David A. Schlein, CPA

Partner
Kelsey Weigel

Kelsey P. Weigel, CPA

Manager

Upcoming Events

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Organization

Webinar Series Part V: Changes to Lease Accounting and How it Impacts Your Organization

July 27, 2021

The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.

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Webinar Series Part VI: The Pandemic and the Economy - Where Are We Now?

Webinar Series Part VI: The Pandemic and the Economy - Where Are We Now?

August 10, 2021

As everyone knows, the COVID-19 pandemic has had a global impact beyond health and safety concerns.  With millions of Americans vaccinated, where does the economy stand and what can be expected across the Upstate region, New York State, the United States, and Canada?

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