Our Clients
We currently represent over $3+ billion in seniors housing assets throughout the United States. Many of our clients are members of the elite ASHA 50, including Grace Management, Horizon Bay Senior Living, Erickson Retirement Living, HCP, Nationwide Health Properties and Vintage Senior Living. Our clients are among the elite owners and operators in the Country and value their residents. Maintaining a fair and equitable tax burden is an important part of providing for their residents.
Pre-Transaction Counseling
The first step in preparing for a fair assessment of a seniors housing asset is to establish a paper trail that clearly establishes the value of the assets being purchased. We work with our clients prior to the execution of the purchase contract through the closing to make sure the paperwork trail clearly supports the valuation of the real estate, business personal property and non-taxable business value. This analysis is in many cases, critical to the fair valuation of the real estate subsequent to the sale. Failure to take appropriate action before the sale can ultimately cost the taxpayer hundreds of thousands of dollars over time.
Compliance and Due Diligence
Failure to timely file real estate and business personal property tax returns, in many jurisdictions, can result in the loss of the right to file an appeal, as well as result in penalties related to the late filing. We have the knowledge, tools and expertise to file all required returns timely to protect your right of appeal and your cash flow. By providing this service, we free up your staff time to focus on more productive needs of your business. We make sure your taxes are paid timely, as well as provide timely notices with tax payments to taxing jurisdictions where the assessed value is under protest, a requirement in many states where your property is under appeal. Failure to provide this notice can result in the dismissal of your appeal. We work with your staff to design and provide timely reporting of your tax assessments and liabilities, as well as budgets and accruals.
Valuation Appeals
Our success with valuation appeals in the seniors housing industry is unmatched. There is simply no one else with the data, experience, knowledge and expertise. No one. Our track record for successful assessment appeals for our $3+ billion seniors housing portfolio is among the best in the nation, if not the best. This is a direct result of our training in the valuation of seniors housing assets, our access to data throughout the country, and our understanding of assessment appeal requirements in the over 5,000 assessment jurisdictions in the country. Ask Horizon Bay, Erickson Retirement, Aegis Living, Vintage Senior Living, or any of our clients about our success.
| Contact: | David E. Dodd, MBA Office: 972-960-1222 (126) Cell: 214-454-4080 ddodd@irr.com |