Real Estate - Key Services

• Cost Segregation
• Valuable Tax Savings Imbedded in Buildings

Your company's real estate holdings constitute a huge capital investment. With Olsen Thielen's engineering-based cost segregation studies, you maximize your real property's financial return by generating significant cash flow savings. Our cost segregation professionals generate cash savings by carving out shorter-lived assets (qualifying for 5-7, and 15-year write-off periods) that are normally imbedded in a building's construction or acquisition costs (generally depreciated over 39-years).

You and Olsen Thielen will "mine out" these buried savings from:

• New buildings presently under construction.
• Existing buildings undergoing renovation, remodeling, restoration, or expansion.
• Purchases of existing property.
• Office/facility leasehold improvements and "fit outs".
• Post-1986 real estate construction, building acquisitions, or improvements where no cost segregation study was performed (even though the statute of limitations previously closed on the property construction/acquisition year).

During a cost segregation study, we:

• Physically inspect the property.
• Examine architectural/engineering drawings and specifications for potential asset reclassification.
• Analyze cost data, including the contractor's application of payments, change orders, owner-incurred costs, and indirect disbursements.
• Prepare an itemized list of property units qualifying for shorter-life classification based on relevant income tax authorities.
• Apportion direct labor, material components, and indirect costs based on engineering drawings/specifications.

Reconcile total costs per the engineering analysis to capitalized project costs.

Other compelling benefits:

• Sales/Use Tax Benefits
• Property Tax Relief
• Other Credits and Incentives