5 Back-Office Functions Real Estate CFOs Are Outsourcing First
You’re managing multiple properties, dealing with tenant issues, and trying to close your books on time. Your back-office team is stretched thin. Sound familiar?
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Outsourced Accounting for real estate private equity
Transform your real estate private equity operations with specialized Outsourced Accounting services at every stage of your lifecycle.
BPM’s Outsourced Accounting team delivers comprehensive financial services that go beyond basic bookkeeping. From rapid growth to sustainment to wind-down, we specialize in supporting real estate private equity firms through every stage of their lifecycle.
As the economy evolves, it is vital to rely on a dependable, flexible and trained team to support your finance function. More than a vendor, we serve as a reliable foundation that will easily support your current team with the right ratio of managers, seniors, accountants and bookkeepers. Our team is familiar with the private equity accounting practice across funds and joint ventures and can easily scale up or down depending on growth and reporting timelines.
Real estate private equity accounting services
BPM’s outsourced accounting team is a resource you can consistently count on in these areas, among others:
Property Level Close Process
• Organize and process property financial packages provided by joint venture (JV) or property managers (PM)
• Construction roll forward and cutoff; draw package processing or accrual adjustments
• General ledger adjustment imports and chart of account reconciliation
Fund Level Monthly Close Process
• Multi-entity structure rollup and general ledger entry; Intercompany reconciliations
• Perform bank reconciliations
• Update various roll-forward schedules
• Book accruals and other tax or GAAP Requirements
• Assist with capital account roll forward – waterfall and income allocation
• Prepare subscription line compliance
• Upload investor reports into Investor Portal
• Prepare monthly reporting packages; Assembly of quarterly investor reports
Audit Preparation
• Prepare fund financial statements and footnotes
• Support audit readiness
• Technical support
• Interact with auditors
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BPM’s value proposition for real estate private equity
Today’s private equity operations demand sophisticated financial management to drive growth and maintain competitive advantage. By collaborating with our 90+ person team, you gain access to deep industry knowledge, proven accounting processes and scalable resources that adapt to your changing needs. With BPM managing your accounting functions, you can focus on what matters most – growing your portfolio and maximizing returns for your investors.
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