Real Estate ASC 805

Stout was engaged by a Chicago-based real estate fund to assist with ASC 805 needs in conjunction with the acquisition of seven manufactured housing community developments in the greater Detroit market. Stout also prepared separate work streams associated with tax filings related to real and personal property taxes.

Our work included a review of both market-based and historical income streams, cash flow projections, closing statements, and other transaction due diligence. We projected cash flows for the individual properties, built out cost models for the building and site improvements, and discreetly valued the underlying land. We valued various other real estate intangibles such as in-place leases and favorable/unfavorable leasehold interests.

Our analysis was successfully reviewed by a national audit practice, and we were able to smoothly and efficiently assist our client with their purchase accounting requirements.