
Navigate complex syndication accounting, property-level reporting, and investor distributions with CFO partners who specialize in real estate operations and fund management.
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Real estate investors face unique financial complexities from multi-entity structures to lender reporting requirements.
From single-property investors to institutional portfolios, we provide specialized accounting for every real estate strategy.
Monitor the operational and financial metrics that drive real estate performance and investor returns.
Missing lender reporting deadlines or violating loan covenants can trigger default provisions and jeopardize financing. We maintain 100% on-time compliance with all lender reporting requirements.
Never missed a monthly or quarterly lender reporting deadline
Proactive monitoring prevents DSCR, LTV, and debt yield breaches
Complete lender audit documentation delivered within 2 business days
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Portfolio Health
"Rich and the aquifer team helped us significantly improve our financial infrastructure. This allows us to focus on scaling faster, while feeling confident we have the right financial systems in place."
"The Aquifer team has been incredibly insightful in approaching our finance stack, making them an invaluable partner for our business. They work with us rather than around us and continue to lend their expertise in the world of web3 accounting."
"Aquifer was instrumental in helping GDA scale by providing financial infrastructure & processes, financial advisory seed + Series A rounds, corporate accounting & tax support, and any other ad-hoc projects. The team brought a strong sense of co-founder ownership."
We don't just track rent rolls. We become integrated partners who understand your acquisition strategy, capital stack, and investor expectations—speaking the language of real estate investing.
We specialize exclusively in real estate, understanding nuances from syndication waterfalls to REIT compliance that generalist accountants miss.
Perfect compliance with monthly and quarterly lender reporting requirements, maintaining strong relationships with debt partners.
Maximize after-tax returns through cost segregation, 1031 exchanges, opportunity zones, and strategic depreciation planning.
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Our experienced CFOs bring decades of expertise across various industries to help your business thrive







We manage complex ownership structures with property-specific LLCs, holding companies, and management entities. Each property maintains separate books and bank accounts, with automated consolidation up to portfolio level. We track inter-entity transactions, management fees, and overhead allocations while maintaining clean audit trails for each legal entity.
Yes. We model and execute complex waterfall structures including preferred returns (typically 6-8%), LP capital return, GP catch-up provisions, and promote splits (70/30, 80/20, etc.). We calculate distributions quarterly or upon capital events, maintain investor capital accounts, prepare Schedule K-1s, and deliver professional investor reporting packages.
We coordinate with cost segregation engineers to identify property components that qualify for accelerated depreciation (5, 7, or 15-year vs. 27.5/39-year). This includes site improvements, electrical, HVAC, plumbing, and interior finishes. Typical commercial properties generate $200K-$500K in first-year tax savings through bonus depreciation combined with cost segregation.
We prepare monthly and quarterly lender packages including operating statements, rent rolls, aging reports, and covenant compliance certificates. We calculate DSCR (typically 1.25x minimum), LTV (typically 75% max), and debt yield (typically 10% minimum) with proactive alerts if trending toward violation. We maintain direct relationships with lenders and respond to audit requests within 48 hours.
We track NOI (net operating income), cash-on-cash return, cap rate, IRR, equity multiple, DSCR, LTV, economic vs. physical occupancy, revenue per unit/SF, operating expense ratio, tenant retention rate, and rent growth. All metrics are calculated property-level and portfolio-level with industry benchmark comparisons.
Absolutely. We manage 1031 exchange timelines (45-day identification, 180-day closing), coordinate with qualified intermediaries, track boot (taxable gain), prepare exchange documentation, and ensure proper tax deferral treatment. We've successfully coordinated 50+ 1031 exchanges ranging from $500K to $25M transactions.
For commercial properties, we track CAM expenses throughout the year, allocate costs to tenants based on lease terms (pro-rata share), prepare annual CAM reconciliation statements, bill tenant overages or issue refunds, and handle tenant audits of CAM charges. We ensure compliance with lease language and document all expense allocations.
We help REITs maintain qualification through income tests (75% and 95% gross income tests), asset tests (75% real estate assets), distribution requirements (90% of taxable income), and ownership restrictions (5/50 rule). We prepare quarterly REIT compliance testing, annual REIT election filings, and coordinate with REIT tax counsel on complex qualification issues.
Get a free real estate portfolio audit. We'll review your property-level accounting, lender compliance, and investor reporting—providing a custom optimization roadmap.