We understand what it takes to maintain a high quality asset portfolio, minimize construction costs, reduce operating expenses, and source debt and equity for new projects.

Receive holistic insight and straightforward advice from a distinctive cross-section of industry professionals as well as specialists in real estate transactions, public and private financing, and property development. These teams are experienced in working with commercial and residential developers, owners, and investors to manage debt and leverage assets.

Benefit from a proactive approach to your unique accounting, tax, and operational issues throughout the life cycle of a real estate project—from concept development, financing, and structuring to acquisition, construction management, completion, portfolio management, and asset disposition.

Extension and modification of bonus depreciation rules and qualified improvement property provisions

Extension and modification of bonus depreciation rules and qualified improvement property provisions

Bonus depreciation was extended to 2019, with some modifications, as part of the latest tax extenders legislation passed by Congress in December 2015. The bonus depreciation percentage is 50 percent for property placed in service during 2015, 2016, and 2017, but then phases down to 40 percent in 2018 and 30 percent in 2019. Also, the provision makes permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.

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Our Take

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“As the real estate market continues its recovery, owners and developers who understand how to take advantage of growth opportunities, cost reductions, and alternative forms of capital, including tax credits and incentives, will see enhanced profitability and project wins.”

— Todd A. Carpenter Partner, CPA

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