Case Study – Multi-National Real Estate Developer
This client is a privately held, vertically integrated real estate developer, owner, investor and investment manager. The developer’s vast real estate portfolio includes hotels, mixed use projects, development projects, master planned communities, office, industrial buildings, retail shopping centers, senior housing assets, single tenant leases, multifamily for rent and sale projects and single-family communities throughout the United States, Mexico and India.
In the 2013 tax year, CSSI performed an engineering-based cost segregation study that produced $36 million in asset reclassification for the developer on a select portfolio of properties. The ROI for the over $7 million after-tax savings was 35:1.
The firm elected to hire CSSI for studies on an additional 60 properties in 2014.