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Real Estate CPA & Advisory Solutions

Whether you are looking for value drivers for a single real estate transaction or your entire portfolio, Aprio’s dedicated real estate CPA and advisory team can help you identify short- and long-term opportunities to increase return on investment.

Market opportunities.

Tax structure optimization.

Asset acquisitions.

Debt & equity structuring.

Formation & exit strategy execution.

Aprio helps real estate businesses Account for Anything™

Success in real estate depends on more than market timing—it also takes strategy, foresight, and the right financial partner.

For over 70 years, Aprio’s dedicated real estate CPA and advisory team has helped investors, developers, and owners navigate everything from evolving tax regulations and complex capital structures, and multi-jurisdictional compliance. From structuring profitable investments and optimizing tax positions to improving cash flow and building long-term equity, we provide tailored accounting and advisory solutions that turn opportunities into lasting value across every stage of your portfolio’s growth. Our specialists collaborate with key players across the real estate industry, including:

Our Solutions for the Real Estate Industry

Business Tax Services

Our specialists will develop tax strategies curated specifically for the real estate industry, helping you reduce your tax burden at every stage of the investment lifecycle.

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Financial Audit & Assurance Services

We’ll help you strengthen trust and provide peace of mind for key stakeholders with streamlined financial audits and simplified compliance.

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Cost Segregation Services

Our team will help you accelerate depreciation deductions, boost investor IRR, reduce your tax burden, and increase cash flow with a cost segregation study.

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Wealth Management Advisory

We’ll help you grow your wealth and build your financial plan while managing the cash flow & liquidity needs of your real estate business.

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Retirement Plan Services & Administration

Our team puts your employees at the center of the equation. We’ll help you offer a competitive retirement plan that reduces administrative costs and enhances employee financial wellness—without the strain on your internal team.

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C-Suite Advisory Solutions

We leverage our relationships across the real estate industry to connect you with top talent across the nation.

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State Compliance & Entity Management Services

Let our specialists help you simplify government paperwork, manage entity registrations, and safeguard regulatory adherence nationwide.

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Forensic Services

Our team can help you proactively identify risks, uncover misconduct, and work towards swift, data-driven resolutions to any litigation or forensic challenge.

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Transaction Advisory Services 

We’ll help you prepare your business for a transaction—including mergers, acquisitions, or sales—and help you get the most value from your real estate company.

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Income Tax & Estate Planning Services

Our holistic approach to estate planning combines tax optimization, asset protection, and succession planning to make sure your legacy endures for future generations.

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State & Local Tax (SALT) Compliance

We’ll help you reduce the complexity of multi-state tax compliance with proactive sales tax consulting and comprehensive technology-enabled compliance solutions.

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Valuation Services

Our precise valuations empower real estate professionals to make informed decisions, boost investments, and navigate complex transactions with confidence.

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The Latest from Aprio

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Your Real Estate Specialists

With over 70 years of experience in real estate tax, accounting, and advisory

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Real Estate Industry Resources

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Frequently Asked Questions

How can I defer taxes on the sale of real estate?

You can defer capital gains taxes on real estate sales through strategies like 1031 like-kind exchanges, Delaware Statutory Trusts (DSTs), or Qualified Opportunity Zone (QOZ) investments. Each option allows you to reinvest proceeds and delay taxation. In some cases, IRC Section 1033 applies when a property is involuntarily converted—such as through condemnation or casualty—offering another path to defer gains.

How should I structure a real estate deal for tax efficiency?

Choosing the right structure—whether an LLC, partnership, REIT, DST, or QOZ fund—can significantly impact tax exposure and long-term profitability. The best fit depends on your investment goals, income needs, and succession planning. Collaboration between your legal, accounting, and financial advisors helps ensure compliance, smooth fund operations, and optimized returns.

What are best practices for financial reporting in real estate companies?

Real estate firms often require fair value financial reporting to meet investor and compliance demands. Key best practices include:

  • Accurate valuation support and audit readiness
  • Alignment with GAAP or IFRS standards
  • Clear cash flow and performance reporting
  • Streamlined consolidations and technology integration

These steps help provide transparency and confidence to investors and stakeholders.

What should I know before forming a Real Estate Investment Trust (REIT)?

A REIT can provide significant tax advantages but must meet strict ownership, income, and distribution requirements. Understanding structural rules, accounting needs, and ongoing reporting obligations is essential. Proper planning with experienced advisors ensures compliance and helps you maintain REIT status while optimizing returns. Contact Aprio today to learn more.

How do real estate investors manage multi-state tax compliance?

Multi-state real estate investments often trigger complex state and local tax (SALT) obligations. Investors must evaluate nexus, apportionment, and filing requirements in each jurisdiction. Strategic planning helps minimize exposure, improve compliance efficiency, and identify tax-saving opportunities across property acquisitions, sales, and entity structures. Contact Aprio today to learn more.

How can I maximize real estate depreciation deductions?

Optimizing depreciation begins with proper asset classification and cost segregation. Key strategies include:

  • Differentiating repairs vs. capital improvements
  • Using the de minimis safe harbor for low-cost assets
  • Leveraging partial asset dispositions for faster deductions

Advanced options like §179D energy efficiency deductions can further enhance savings and improve cash flow. Contact Aprio today to learn more about our Cost Segregation and fixed asset study services.

What should real estate owners consider when working with foreign investors?

Foreign investment in U.S. real estate offers growth potential but involves complex tax, legal, and administrative requirements. Key considerations include:

  • Entity structure selection (direct ownership, LLC, C-corp, REIT)
  • FIRPTA compliance and treaty-based tax relief
  • Reporting obligations such as Form 1042, 8804, and K-1

Thoughtful structuring can reduce tax burden, ease administration, and attract long-term foreign capital efficiently. Contact Aprio today to learn more.

Don’t risk missed opportunities in your investment portfolio.

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