Published fixed-fee. Same number every acquisitions team sees.
Tiered by basis, not by projected tax benefit. Forward it to your IC, drop it into a vendor comparison sheet, expense it without a procurement back-and-forth.
Fixed-fee schedule
Published so your acquisitions team can quote internally without a discovery call. Fee depends on basis, not on projected tax benefit. No percentage-of-savings billing.
| Tier | Basis | Typical units | Fee |
|---|---|---|---|
| Small institutional Single-asset value-add or stabilized core. Pre-close intake. | $2M–$5M | 25–75 units | $4,495 |
| Mid institutional Single-asset or 2-property roll-up. K-1 allocation included. | $5M–$10M | 75–150 units | $7,995 |
| Institutional anchor Value-add or rehab portfolios. PAD modeling included. | $10M–$25M | 100–250 units | $12,995 |
| Portfolio / large deal Fixed fee scoped to portfolio shape, not basis percentage. | $25M+ | 250+ units or multi-property | By proposal |
What you're paying for, and what you're not.
- Engineered study — component-level reclassification by IRS Pub 5653 + Rev. Proc. 87-56 framework
- K-1-ready basis schedule — formatted for partnership return integration
- MACRS reclassification tables — 5/7/15/27.5-year buckets with §1245 vs §1250 designation
- Form 3115 §481(a) calculations — included automatically for prior-year acquisitions
- PAD modeling — for value-add deals at the $10M+ tier and above
- CPA workpaper deliverable — standard format your partnership CPA can integrate without re-keying
- 179D energy deductions — requires licensed mechanical engineer; we coordinate but don't run in-house. How we coordinate →
- State-level conformity analysis — most states conform to §168(k); CA, NY, NJ, PA decouple. Surfaced in the study report; deep state-by-state analysis is separately scoped if needed.
- LP-facing investor communications — your IR team writes the LP-facing summary; we provide the underlying numbers.
- Cost-seg recapture modeling at refi/sale — exit modeling is per-deal and quoted separately when the disposition is in scope.
- Audit defense engagements — IRS examination defense is an hourly engagement, not bundled into the study fee. Rarely triggered; one-time fee scoped if a deal is selected.
$12,995 against $1.7M–$2.25M of Year-1 deduction.
For a representative $18M institutional MF value-add. Engagement fee is roughly 0.7% of the modeled Year-1 deduction — economically rounding error against the K-1 outcome.
How payment works
Stripe invoice. ACH (preferred), wire, or card. No checkout-style card-up-front flow — institutional procurement runs through accounts payable.
Net-30 available on request for sponsors and funds with established procurement processes. Reference your AP terms in the intake notes.
50% on engagement, 50% on delivery for tiers $7,995 and above. Full payment on delivery for the $4,495 tier if preferred.
Quote in 24 hours.
Send the deal — address, basis, target close. We send back a preliminary estimate PDF plus the fee tier confirmation.
Send the deal →