citrincooperman.com
REAL ESTATE
Embracing Change The past several years presented nuanced challenges amidst continual market volatility, leaving a lasting impact on what was once “business as usual.”
HYBRID WORKFORCE The commercial real estate (CRE) industry is in a period of continued uncertainty as employers struggle to find common ground with the hybrid work model, which remains a preference of most workers.
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OUTSOURCED SOLUTIONS Processing accounts payable, tenant receivables, cash reconciliations, financial reporting, and special projects like digital services, software consulting, and AI integration are functions which are now more commonly outsourced.
We are entering a period where business leaders can take a collective deep breath and assess where they stand in anticipation of continued turbulence. The first quarter of 2024 offers an important moment for businesses to refocus, reevaluate, and create effective plans to achieve their strategic vision in the current market.
In today’s turbulent environment, leaders may be tempted to stick with the approaches that have worked for them in the past – regardless of whether they are still fit the purpose – rather than rethinking and changing the way they lead. Our team’s professionals are here to provide innovative, actionable solutions to today’s most pressing issues. In 2024, Citrin Cooperman will be delivering timely industry insights, including our Journey to a Successful Deal series, to help your business effectively address the changes ahead.
Mark Mindick Partner and National Practice Leader Real Estate Industry Practice mmindick@citrincooperman.com
INTEREST RATES Interest rate hedging products have become an essential component in the industry. Net operating income has been challenged due to increases in interest rates and other expenses such as insurance and labor. There is still uncertainty as to when rates will decrease or stabilize.
"Citrin Cooperman" is the brand under which Citrin Cooperman & Company, LLP, a licensed independent CPA firm, and Citrin Cooperman Advisors LLC serve clients’ business needs. The two firms operate as separate legal entities in an alternative practice structure. The entities of Citrin Cooperman & Company, LLP and Citrin Cooperman Advisors LLC are independent member firms of the Moore North America, Inc. (MNA) Association, which is itself a regional member of Moore Global Network Limited (MGNL). All the firms associated with MNA are independently owned and managed entities. Their membership in, or association with, MNA should not be construed as constituting or implying any partnership between them.