Advisory
RubinBrown LLP Acquires Real Estate Accounting Practice FLS Group
RubinBrown LLP, the nation’s 46th largest accounting and business consulting firm, is joining together with Chicago-based FLS Group, LLC effective December 1, 2017. This combination will allow RubinBrown to grow its national real estate practice with ...
Nov. 28, 2017
RubinBrown LLP, the nation’s 46th largest accounting and business consulting firm, is joining together with Chicago-based FLS Group, LLC effective December 1, 2017. This combination will allow RubinBrown to grow its national real estate practice with a larger presence in the Midwest market.
The new office will be located in Chicago, Illinois, and will integrate its five partners and 40 team members from FLS Group into RubinBrown. John F. Herber, Jr., CPA, CGMA, chairman, RubinBrown LLP, Bruce Schiff, CPA and Jarvis Friduss, CPA, Co-Managing Members of FLS Group, LLC made the announcement.
RubinBrown’s Real Estate Service Group is currently led by Bryan Keller, CPA, CGMA, Partner-in-Charge, (photo: http://bit.ly/2A9yD06). Over the past 30 years, the group has developed a strong reputation nationally as a leader in accounting and advisory services, providing a full range of assurance, tax business planning and consulting services to investment funds, real estate partnerships, developers, management companies, governmental agencies, syndicators and investors, financial institutions and construction-related companies. RubinBrown has developed an expertise in affordable housing, historic tax credit services, new markets tax credit services, and renewable energy.
Real estate services comprise approximately 80 percent of FLS Group’s annual revenue of $5.5 million. Adding to the firm’s industry expertise is Bruce Schiff’s more than 30 years of experience in the field of affordable housing finance. He is considered a widely respected expert in the industry, particularly with the Section 42 Low-Income Housing Tax Credit (LIHTC) program. He currently sits on the Board of Directors and is the past President of the Illinois Housing Council, Inc. Schiff has worked with numerous HUD and other federal and state housing programs, the Chicago Department of Housing, Illinois Housing Development Authority and the Chicago Housing Authority.
“Similar to RubinBrown, FLS Group specializes in the affordable housing industry, and the company is recognized as the dominant LIHTC firm in the State of Illinois,” said Keller. “The combination of our two firms will allow us to create a niche office focused solely on providing real estate services in the heart of the Midwest real estate market. We’re excited for the value this will bring to our clients.”
Effective December 1, 2017, Chris Langley, CPA, a partner in RubinBrown’s Real Estate Services Group, will relocate and become the Managing Partner of the new Chicago office. With more than 25 years of accounting and finance experience, including fifteen years with RubinBrown’s Real Estate Service Group, Langley works with real estate clients on a national basis.