Background: As a result of deteriorating financial returns from one of its joint venture investments, this CTS Impact client needed to scrutinize the operations of its partner at a more detailed level.
Once management control was exercised over the joint venture, all accounting operations needed to be migrated to the home office shared services platform, along with other asset management activities.
CTS Impact Solution: To analyze the complexities of this venture, CTS Impact provided forensic accounting expertise with deep real estate industry experience to investigate and report on the following:
- Transaction mapping and analysis
- Funds flow analysis
- Review of significant contracts and agreements
- Loan review
- Reconstruction of financial statements
- Pro forma analysis
Once litigation was initiated, CTS Impact assisted with the identification of potential issues, along with preparing analysis and support for various litigation strategies deployed by the client.