Real Estate In Orange County CA

Due to frequent tax legislative change and technological shifts, PE firms and real estate businesses are turning to co-sourcing for their tax and finance functions. Understanding the pressure and the needs of real estate businesses, we leverage our combined industry expertise and prioritize communication by positioning ourselves as a true partner of your team.

The real estate and Private Equity practice represents one of our largest lines of business. Prior to forming O’Connor & Yu LLP, our partners worked in the real estate group of a Top 20 national accounting firm and developed in-depth industry experience. Our expertise enables us to effectively address the most complicated real estate transactions and sophisticated business structures. We routinely handle transactions involving the acquisition, exchange or disposition of property across all asset types—retail, office, hotel, industrial, mixed use and multifamily. Beyond tax compliance and timely investor K-1 delivery, we help you choose the efficient business structure, identify tax savings, handle technical accounting, and develop successful exit strategy.

Who We Serve?

• Property Owner & Operators
• Homebuilders & Developers
• Investment Companies
• Construction
• Hospitality
• Private Equity Real Estate Funds

Our Services:

• Federal, state and International Tax consulting & compliance
• Investor tax reporting and timely K-1 delivery
• UBTI analysis and reporting for tax-exempt investors
• State withholdings and filing

Our Value-Added Expertise:

• Partnership, LLC, and S-Corporation planning and structuring
• Blocker entity structuring
• Review operating agreements
• Capital gain characterization planning
• Calculate sophisticated partnership allocations
• Review distribution waterfalls and carried interest allocations, including preferred returns and IRR calculations
• Structuring real estate acquisitions & dispositions
• Tax-free exchanges (§1031 exchanges) to defer tax liabilities
• Debt restructuring or modification
• Cost segregation studies for accelerated depreciation categorization
• Tangible property regulation application for fixed asset classifications
• Technical accounting for real estate transactions, including acquisition, refinance and sale
• Partnership basis adjustment from sale or redemption of partnership interests