Stephen Bertonaschi specializes in advising clients in key areas, including entity formation and structuring, real estate asset acquisitions and dispositions, real estate investment trust (“REIT”) due diligence and compliance matters. Mr. Bertonaschi has over 15 years of experience, including deep expertise in institutional-owned real estate, with a significant focus on public REITs. He has broad experience with real estate merger and acquisition transactions, partnership roll-ups, buy- and sell-side due diligence, tax accounting matters, like-kind exchanges, disguised sales, RIDEA tax structures and financial statement income tax provisions.
One of Mr. Bertonaschi’s notable qualities is his ability to address both the federal and state income tax issues with respect to proposed transactions, thereby creating the most efficient overall tax structure.
Mr. Bertonaschi’s clients have included Kimco Realty Corporation, Northstar Realty Finance, Colony Capital, WP Carey, Ivanhoe Cambridge, Thor Equities, Almanac Realty, Paramount Real Estate, iStar, Metropolitan Realty, General Growth, Callahan Properties and Hines.
Mr. Bertonaschi holds a leadership role in FTI Consulting’s internal tax training program that the Real Estate Solutions practice conducts each year. In addition to organizing the training, Mr. Bertonaschi has presented on a myriad of federal and state income tax areas, including partnership allocations, REIT due diligence and compliance matters, state and local taxation of business entities, state apportionment and various non-income state taxes. Mr. Bertonaschi’s recent thought leadership articles cover REIT due diligence on acquisitions, including common pitfalls and state and local conformity and responses to federal tax reform.
Prior to joining FTI Consulting, Mr. Bertonaschi was a Senior Tax Manager at The Schonbraun McCann Group (“SMG”), a dedicated real estate advisory firm that was acquired by FTI Consulting in 2008. He started his career at SMG, entering the company as an intern and joining the tax department in 2003. While at SMG, Mr. Bertonaschi focused primarily on real estate owners, operators and developers and developed a strong background in related accounting and tax issues.