Real estate

Real estate & construction

Technical accounting and valuation support for real estate technology, construction, infrastructure, leasing, and asset-intensive operators.

Representative engagements

Examples of related client work.

ASC 805 Transaction Accounting

Offerpad

iBuyer / Residential Real Estate Tech Public Company

Rivers & Moorehead has supported Offerpad through public-company transaction accounting, in-substance vesting analysis for rollover equity, equity award replacement under ASC 805 and ASC 718, embedded derivative analysis under ASC 815, and ongoing SEC-reporting support. R&M continues to advise on freestanding financial instruments and mezzanine equity classification.

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SOX 404

CIM Group

Real Estate & Infrastructure Private

R&M delivered SOX 404 flowchart documentation, risk-control matrix preparation, and lessor accounting analyses under ASC 842 for complex real estate lease arrangements. Engagement also included a change-in-control analysis for fund-level transactions and infrastructure-fund investor documentation.

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ASC 606

CaliberCos

Alternative Investments / Real Estate Public Company

R&M provides Caliber with ASC 606 revenue recognition support, ASC 842 lease accounting, financing-transaction analyses, and controllership staffing for general-ledger support across the company's multi-entity structure.

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ASC 842 Lease Modifications

CRS Temporary Housing

Insurance-Related Housing Services PE-Backed

R&M serves as the company's outsourced technical-accounting partner, supporting ongoing ASC 842 lease modification analyses for the rotating short-term lease portfolio, ASC 805 purchase accounting for acquisitions, ASC 718 profit-interest-unit calculations, financing transaction analysis, and audit readiness.

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Consolidation Preparation

Reroof Partners

Residential Roofing Rollup PE-Backed

R&M provided Reroof Partners with consolidation workbook preparation, intercompany process assessment, ASC 805 acquisition accounting, ASC 606 revenue recognition memos for roofing services, and audit readiness services.

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Internal Control Analysis

Cogir Management USA

Senior Living Communities Private

R&M delivered a comprehensive internal-control analysis aligned with SOX 404 principles — including process narratives, walkthroughs, risk-control matrix development, and design-effectiveness conclusions across the financial reporting cycles.

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