Enabling real estate joint venture growth with outsourced accounting and support
Baker Tilly enables joint venture deals for real estate client with specialized real estate accounting, fund administration and Yardi support.
Client background
The client is headquartered in Boston and is recognized as one of the world’s leading multi-asset alternative investment firms. Their scale is significant, with $205B+ assets under management (AUM), a real estate team of more than 100 professionals, an average equity commitment of $18M per investment and a portfolio comprising 650 real estate assets. This breadth reflects both their market influence and the operational complexity required to support their investment activities.
Business challenge
To maintain momentum across an active pipeline, the client required a scalable delivery model capable of supporting fluctuating demands. Their operations involve nuanced reporting requirements, clustered deadlines and highly complex investment and joint venture (JV) structures, all of which necessitated reliable, specialized support to meet internal and partner expectations.
The combination of rapidly evolving JV activity, intricate organizational and financial structures and tightly grouped deadlines created persistent pressure on the client’s internal teams. Managing this level of complexity while maintaining accuracy and timeliness in reporting posed a significant challenge without additional external expertise.
Baker Tilly solution
Baker Tilly delivered a tailored and scalable solution by providing financial reporting, property level reviews and a suite of real estate accounting services across many of the client’s JV partners. The firm expanded its role by taking on fund administration responsibilities for JV partners referred by the client, further embedding itself as a core operational resource. Additionally, Baker Tilly supported collaborations with Yardi for system implementations, strengthening reporting infrastructure and aligning financial processes across engagements.
Results achieved
Baker Tilly enabled multiple JV deals to move forward by serving as the company’s preferred accounting provider, delivering timely, accurate and high-quality work aligned with each partner’s complex requirements. Their deep familiarity with reporting expectations, JV agreements and intricate organizational structures significantly accelerated execution timelines. Over time, the Baker Tilly team scaled to 25+ professionals dedicated to the client’s JV portfolio and the relationship drove substantial growth.