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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.

 

 

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NewTower Trust Company