Real Estate

Private, public and private equity companies in the real estate industry consistently choose Whitley Penn because of our depth of real estate industry accounting knowledge and superior client service.

How We Serve the Real Estate Industry

Audit

Our professionals regularly perform audits covering companies across all segments of the real estate industry including: developers, joint ventures, investment funds, SEC registered investment advisors and master planned communities. We have audit clients that report under both US GAAP and IFRS as well as both cost basis and fair value accounting principles.

Fund Administration

Whitley Penn’s fund administration team has deep experience with REIT and non‑REIT real estate funds. We handle financial statements, investor reporting, and complex items like distribution waterfall calculations. By outsourcing administration, your team can focus on real estate investment management and value creation.

Tax Consulting

Whether acquiring, managing, or selling property, we provide guidance at every stage. Our team is well versed in 1031 exchanges, Qualified Opportunity Zones, Cost Segregation Studies, and the latest tax law changes. Our experience, depth, and commitment to clear communication set us apart and support exceptional client service.

Accounting Advisory

We offer client accounting advisory services (CAAS) for the real estate industry including back-office outsourced accounting support, accounts payable review and processing, Common Area Maintenance (CAM) reconciliations, tenant invoicing, monthly bookkeeping, audit preparation and support, accounting system implementations, fund administration, and distribution/waterfall calculations.

Real Estate Investment Trusts

Our team has experience handling REIT clients with assets of up to $1 billion on a wide breadth of operating issues. Whether it is public reporting compliance or tax compliance we have the experience and staffing to help keep your REIT competitive in the marketplace. We take pride in delivering reliable guidance and proactive communication.

Wealth Management Services

We advise a number of real estate clients on the following services as we understand the importance of planning for financial growth, protection of your assets, reduction of debt, fund diversification, and responsible cash management: Cash flow management, developing debt management strategies, transaction planning, qualified plans designed to ease tax burden, investment diversification.

Meet the Team

Meet the Team

Stephen McKinnell

Audit Partner

Shea Kracheck

Tax Partner

Katie Peck

Fund Administration Managing Director

Organizational Memberships

As proud members of the National Council of Real Estate Investment Fiduciaries (NCREIF), Commercial Real Estate Women (CREW), and the National Association for Industrial and Office Parks (NAIOP), our team stays deeply engaged in the real estate industry. This involvement strengthens our ability to support clients across audit, tax, and broader advisory needs, backed by decades‑long relationships and a business‑first approach.

WHITLEY PENN

Building Your Future

Connect with leading voices in real estate and gain insights shaped by Whitley Penn’s extensive work across commercial, residential, partnership, fund, and REIT environments. Our advisors support developers, investors, and fund managers with deep experience in audits, tax strategy, fund administration, and real estate consulting, helping you navigate evolving regulations, optimize transactions, and strengthen financial performance.

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