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We offer tailored solutions — whether private company or owner; public or private fund, adviser or fund service provider; or Fortune 1000 enterprise. Learn how we can help you.

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Our industry experience means you can find professionals who speak your language and bring earned insights to the table. Learn how we can help you.

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Digital Assets Investment Companies Manufacturing Private Companies Private Equity Real Estate & Construction Technology & Life Science
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Foundational Principles In the Community Diversity, Equity & Inclusion Technical Excellence Alumni TIAG Membership
Why Cohen & Co Our Culture Total Rewards & Benefits Early Career Opportunities Experienced Opportunities Join Our Talent Community
Akron, OH Baltimore, MD Buffalo, NY Chicago, IL Cleveland, OH Deer Park, IL Denver, CO Detroit, MI Milwaukee, WI New York, NY Philadelphia, PA Pittsburgh, PA St. Clair Shores, MI Youngstown, OH
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Real Estate & Construction

Real Estate & Construction Professionals Who Immerse Themselves in Your Industry

Your project — regardless of size — will receive the support of savvy practitioners experienced in the real estate industry. Approximately 20% of our client base is connected to real estate and construction, including developers, homebuilders, real estate property owners, property management companies, REITs in a variety of sectors, private equity real estate funds, private and institutional real estate investors, pension funds, and residential and commercial construction companies. Our top clients own in excess of $100 billion in industrial, office, retail and residential properties throughout the U.S. and Canada.

Our Real Estate & Construction Industry Services

We have been involved in projects from concept planning through ground breaking, and have in-depth experience with the following compliance and consulting services specific to real estate and construction: 

  • Financial statement audits, reviews, compilations and other attest services

  • Tax compliance and planning, including partnerships and LLC expertise

  • Tax credits and incentives, including New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs), property tax abatements, alternative apportionment agreements, and energy credits and incentives

  • REIT tax compliance testing to meet the quarterly asset tests, annual income test, required distributions and other associated REIT tests

  • Capital structures

  • Tax structuring for private equity real estate funds, including carried interest planning, asset management fees and management incentive compensation plans

  • Public and private financing tools, including state and local bond issuances, TIF, HUD (108 and 221(d)), SID, CMB, as well as traditional lending partners

  • Financial pro-forma and modeling

  • Cost segregation studies

  • Tenant CAM reconciliations

  • Acquisition due diligence

  • Lease structuring and tax planning, such as lease termination agreements

  • Internal control analysis

  • Prequal reports

Meet Our Leadership

Adam Hill, CPA

Partner in Charge, Advisory
Market Leader, Real Estate & Construction
Partner, Cohen & Co Advisory, LLC
ahill@cohenco.com
216.774.1130

Dave Sobochan, CPA, MT

Market Leader, Real Estate & Construction
Partner, Cohen & Co Advisory, LLC
dsobochan@cohenco.com
216.774.1163

What Our Clients are Saying

I recommend many real estate industry organizations to Cohen & Co. The team is deep and experienced, prompt and professional. They support my analysis as I layer tax consequences into my decision making.
First Interstate Properties, LTD.
Level of service is exceptional. Value from service is exceptional. Knowledge of our team is exceptional.
Stevens Engineers & Constructors, Inc.
We've developed a wonderful relationship with our Cohen & Co team, and the biggest reason is the longevity of the senior team members. That longevity provides consistency in service, which we greatly appreciate.
RMS Investment Group, LLC

Understanding Qualified Opportunity Zones (QOZs)

Designed to incentivize long-term investment in low-income and economically distressed communities, QOZs allow taxpayers to defer paying tax on capital gains by investing in qualified opportunity funds.

More Information About QOZs

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House Bill Takes Next Step: Stand Out Tax Areas to Watch (for Now)

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"Cohen & Co" is the brand name under which Cohen & Company, Ltd. and Cohen & Co Advisory, LLC, and its subsidiary entities, provide professional services.

Cohen & Company, Ltd. and Cohen & Co Advisory, LLC practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards.

Cohen & Company, Ltd. is a licensed independent CPA firm that provides attest services to its clients. Cohen & Co Advisory, LLC and its subsidiary entities provide tax, advisory and business consulting services to their clients and are not licensed CPA firms.

The entities operating under the Cohen & Co brand are independently owned and are not responsible for the services provided by any other entity operating under the Cohen & Co brand. Our use of terms such as “our firm,” “we,” “us” and other terms of similar import denote the alternative practice structure of Cohen & Company, Ltd. and Cohen & Co Advisory, LLC.

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