Portfolio Accounting & Financial Reporting
NewTower specializes in portfolio-level,
fair-value, real estate financial reporting. This
includes financial reporting in accordance with Generally Accepted
Accounting Principles (GAAP), Real Estate Information Standards
(REIS), National Council of Real Estate Investment Fiduciaries (NCREIF)
guidelines, and Global Investment Performance Standards (GIPS).
NewTower manages investment data through information
systems allowing for highly customized investor reporting.
In addition, NewTower’s systems can provide investors and
consultants with customized comprehensive investment
information and investor reporting.
As a critical part of fund management, NewTower
excels at safeguarding client investments by effectively
managing real estate, cash, cash equivalents, transaction execution
and related legal documentation.
In this role, NewTower monitors daily administrative
and operational matters including compliance with state
and federal laws and regulations including Employee Retirement
Income Security Act (ERISA), Office of the Comptroller of the Currency,
State of Maryland Banking Regulations, and the Internal Revenue
Service. NewTower’s operations are regularly reviewed by examiners
from the Maryland Office of the Commissioner of Financial Regulation.