Property Tax Consulting for REITs


Real estate investment trusts face distinctive challenges and are required to meet unique tax laws in the commercial property tax landscape across the nation. There are significant nuances associated with REITs due to the niche nature of commercial real estate, making expertise in this area imperative when finding a property tax partner.

The Invoke Tax Partners team has decades of experience working with some of the nation’s largest REITs to ensure not only fair property valuation and taxation, but also accurate and comprehensive pre-acquisition tax estimates, and provides comprehensive state and local tax services in all 50 states. Our understanding of local market nuances across the country and our holistic approach to taxation make property tax partnership with Invoke an optimal choice for REITs in all 50 states with commercial properties in all asset classes.

Contact our nationwide commercial property tax experts today to consult with our REITs team. Our dedicated property tax professionals will review your portfolio to help determine where you may be able to uncover additional savings opportunities, as well as provide experienced insight prior to your next acquisition. Simply fill out this form to be connected with an Invoke expert that matches your company’s portfolio:

Commercial Property Tax Challenges for REITs

Invoke Tax Partners understands that the property valuation and taxation process can present unique challenges for REITs when properties are owned in many states across multiple asset classes. Varying tax laws, nuances, and deadlines presented county-by-county can result in missed appeals, under-advocated properties, and ultimately, overpaid property taxes.

When dealing with multiple asset classes (e.g. multifamily, industrial, office, retail, hospitality) REITs are also presented with the unique challenge of facing inconsistencies in reporting. While seemingly inconsequential, this is a challenge that when overlooked, can result in uninformed decisions about portfolios and potentially threaten the bottom-line. Invoke has created a reporting system that is customized to each of our REIT clients and provides consistent data that is integral to decision making regarding acquisitions, budgeting, and property tax strategies as a whole.

Pre-Acquisition Services for REITs

Invoke possesses a best-in-industry understanding and experience working with asset lifecycles and typical REIT holding periods for all property types. This experience, paired with the market and appraisal knowledge to provide accurate and precise reports for REIT clients makes our team the premier choice for pre-acquisition tax estimate services.

The commercial property purchase cycle has changed in the last few years, and the acquisition time frame, in many instances, has been compressed due to low rates, lack of supply, and extraordinary demand. In these situations, our commercial property tax consultants are able to provide timely due diligence with significant levels of detail in a cost-effective manner. The value of due diligence assists in identifying, amongst other things, recent sales of similar, comparable properties measured with accurate income and expense-based value indications via direct capitalization and discount cash flow analyses. In many situations, we are able to provide valuable insights regarding acquisition price potential impact based on local assessors and increased appeal practices in taxing jurisdictions; including, identifying potential fee-in-lieu opportunities to minimize acquisition price assessment increase impacts of resulting real estate taxes. Invoke also identifies all pending appeals that may exist that are not mentioned by the seller in a sale offering being considered by the REIT.

Our approach to pre-acquisition for REITs goes far beyond tax estimates and data reporting. At Invoke Tax Partners, our goal is to serve as a single-source agile extension of your business for all things commercial real estate valuation and taxation nationwide. With decades of experience providing holistic commercial property tax services to some of the nation’s largest REITs, our team of consultants has the industry-specific knowledge and nuanced approach necessary to achieve optimal results from every angle.

Partner / National Director of Property Tax

James Sutton

Partner / National Director of Property Tax

Meet Our National Property Tax Practice Leader

James Sutton is the National Director of Property Tax at Invoke Tax Partners. Since partnering with Invoke, James has led the charge of optimizing the property tax practice through the infusion of experienced talent, innovative processes, and a laser-focus on delivery of results. In his role, James will lead the execution of the Real Estate, Personal Property, Energy Services and Shared Services departments at Invoke. Over his 15 years in the industry, James has continually delivered the successful execution of national property tax engagements with customized and proactive solutions.