Enhancing asset management through integrated financial and operational support

Client background

The client is recognized as one of the world’s leading multi-asset alternative investment firms with more than $475 billion in assets under management. The firm invests across various segments including private equity, real estate, credit, and investment solutions, serving a broad base of institutional and individual investors. The firm’s real estate holdings are over $35 billion, including industrial, multifamily, manufactured housing, self-storage, and active/senior housing properties.

Business challenge

The client identified a need to strengthen support within its real estate asset management function to ensure financial oversight, stakeholder coordination, and proactive portfolio management across a range of investments.

Our strategy and solution

Baker Tilly's real estate valuation and advisory team began the engagement by embedding dedicated resources within the client’s asset management team to provide end-to-end support across financial modeling, capital management, and operational coordination. The role functioned as a central link between asset-level performance and fund-level outcomes, enabling timely and informed decision making. Initial secondment of 12 weeks started in April 2026 with option with the client to extend in four-week increments.

Our specialists' key deliverables:

• Financial model management: Maintained and updated asset-level financial models on a monthly and ad hoc basis, incorporating actual financial results, revised assumptions, and adjusted forward projections.
• Stakeholder coordination: Coordinated closely with client stakeholders to align on reporting, business plans, and strategic initiatives.
• Leasing and operational integration: Worked with leasing teams to reflect real time deal activity in underwriting and performance tracking.
• Capital expenditure oversight: Monitored capex projects, tracked actual capex incurred against budget, and evaluated impact on returns and asset performance.
• Scenario and sensitivity analysis: Developed upside and downside cases to assess risk, evaluate strategic decisions, and support asset level planning.
• Fund level impact analysis: Analyzed how asset performance translated to fund level metrics, including returns, cash flow, and valuation implications.
• Valuation coordination: Partnered with valuation teams to ensure consistency between internal models and external valuation outputs.
• Market research: Conducted research on relevant markets to inform assumptions, benchmarking, and investment strategy.
• Liquidity and capital management: Helped maintain adequate reserves at the asset level, supported property refinancing processes, and coordinated funding of capital calls to ensure sufficient liquidity across the portfolio.
• Investment committee support: Prepared analysis and materials for investment committee deliverables in collaboration with deal teams and sensitized upside and downside scenarios, including sell-hold analyses.
• Ad hoc project support: Including live testing and implementation of operational software.

Results

Our approach improved the accuracy and consistency of financial reporting while enhancing coordination across internal teams and external partners. Strengthened scenario analysis and liquidity management enabled more responses to market conditions, particularly around refinancing and capital deployment decisions.

At the fund level, improved visibility into performance and cash flow needs supported more precise forecasting and better alignment with investor expectations.

Conclusion

By embedding dedicated financial and operational support within asset management, the client enhanced its ability to actively manage assets, maintain liquidity discipline, and drive value creation across its portfolio.

For more information on this topic — or to learn how Baker Tilly’s real estate valuation and advisory specialists can support your business needs — please contact our team.