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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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Business Valuations Data & Insights Digital Finance Solutions IT Strategy & Implementation Litigation Support Services M&A Advisory Outsourced Accounting Solutions Transaction Services Turnaround & Restructuring

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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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Our team wants to help your team stay up to date. Browse our thought leadership, events and news for insights and a point of view on business-critical topics.

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Browse valuable articles and publications our experts have written to help you and your organization answer key questions — and consider new ones.

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Join us in person and online for events that address timely topics and key business considerations.

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Find out what is happening at Cohen & Co, from industry recognitions and growth updates, to where we are contributing to important media stories.

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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 Westchester, NY Youngstown, OH
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Real Estate & Construction

Real Estate Private Equity Fund Accounting

Advisers Who Offer a Unique Blend and Depth of Real Estate Fund Expertise

Our specialists bring deep expertise in real estate private equity fund accounting, helping institutional and entrepreneurial sponsors, advisers, and general partners meet investor reporting and compliance requirements. Beyond managing costs, outsourcing your fund accounting can transform back-office functions into a true competitive advantage — freeing your team to focus on growth while we address accounting and regulatory complexities. Our team uses its experience and technology-driven solutions to help you gain scalable infrastructure, reliable data and greater bandwidth without the burden of building it yourself.

Our Real Estate Private Equity Fund Accounting Services

We offer comprehensive services to real estate private equity funds, including:

Fund and Partnership Accounting

  • Monthly accounting
  • Traditional venture fund-level consolidated financial statement preparation
  • Quarterly financial statement and supporting workpaper preparation in accordance with GAAP and/or income tax basis
  • Asset-based accounting
  • Production of schedules of investments
  • Preparation and delivery of monthly/quarterly investor financials, management-specific reporting, partner capital statements and net asset value (NAV) statements

Investor Relations

  • Waterfall modeling and maintenance
  • Management of capital call and distribution notices
  • Implementation/management of partner reporting portals

Additional Accounting Support

  • Audit management and support
  • Property valuation services
  • Review of the property operating financial statements
  • Recording of asset purchases
  • Recording of asset sales, including gains/losses
  • Management and asset management fee calculations
  • Budgeting and forecasting
  • Customized reporting
  • Debt covenant calculations and compliance reporting
  • Compliance with National Council of Real Estate Investment Fiduciaries (NCREIF) Pension Real Estate Association (PREA) reporting standards, including fair value reporting requirements
  • Abstract fund venture agreements
  • Form 1099 preparation and reporting

Meet Our Leadership

Brooke Fullenkamp, CPA

Senior Manager, Cohen & Co Advisory, LLC
bfullenkamp@cohenco.com
440.773.4538

Wesley Skupski, CPA

Senior Manager, Cohen & Co Advisory, LLC
wskupski@cohenco.com
216.923.5128

Featured Insights

Article

Q2 2025 National Real Estate & Construction Market & Legislative Update

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Article

Step-by-Step Guide to Recording Your Real Estate Purchase: From Closing to the General Ledger

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Article

Foreign Income Tax, REITs, Real Estate and More in August Issue of AICPA Tax Adviser

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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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