A real estate syndication is an investment vehicle through which a group of investors pool their resources into a single real estate investment. Below are the most common type of transactions that affect real estate syndications for which accounting support is required.
Name | Description | Example |
Bank Fees, Bank Credit & Bank Interest | Fees charged by the bank for normal operations, fees refunded by the bank, and interest received from the bank | |
Dues & Subscriptions | Payment for different subscriptions | |
Insurance Expense | Property insurance and loan insurances paid |
|
Investment Purchase - Funds, Equity, Direct Real Estate | Investment corresponding to an ownership interest in a fund
Investment corresponding to purchase of stocks of an entity
Investment corresponding to an ownership interest in a specific property | |
Investment Purchase- Real estate | Direct purchase of real estate by the fund | |
Investor Contributions (new and additional funds) | New or additional investor contributions into the fund |
|
Mortgage Loan Payments | Payments made against a mortgage loan taken out by the fund or entity | |
Professional fees - Legal | Costs incurred in availing legal services | |
Property Management Fees | Fees paid to the property manager for managing the property | |
Rental Expense | Rental expenses incurred by the fund | |
Rental Income | Rental income earned by the fund | |
Taxes - Property | Taxes levied on real property, primarily upon Land and Buildings | |
Taxes - State, Penalties, Interest | Taxes due to the local government
Payment due to failure to pay taxes
Interest on delayed payments of taxes |
If you cannot find what you are looking for, please refer to our Master List for additional transactions and sample support available here.