ACCOUNTING/FINANCIAL REPORTING

Parallel’s financial reporting process starts with an asset specific business plan and zero-based budget of all revenue, operating expenses, and required capital. The budget is reforecasted as needed to provide the most up to date financial picture and cash flow projections for the asset.

Internally, our accounting and financial reporting functions work closely with property management to ensure that decision makers receive accurate and timely information. Our skilled staff and integrated electronic reporting system allow us to promptly respond to investors various requests.

Our experienced team provides financial reporting for sophisticated real estate investors, funds, lenders and publicly traded REITs. We produce institutional quality cash, GAAP and fair value financial reports within required deadlines.

Parallel has strong documented internal controls that provide consistent reliability and confidence through any required audit procedure.

We provide excellent communication and reporting on all our assets with the highest level of integrity and accuracy.