Howard is a managing director with private equity fund services and leads Baker Tilly’s fund administration practice on the West Coast. He has more than 20 years of real estate industry experience and has spent eight of those years running a real estate fund administration operation before joining Baker Tilly in 2023. Howard has deep experience in managing and onboarding fund accounting and investor reporting processes for closed-end and open-end discretionary funds, as well as assisting clients with nondiscretionary separate accounts for large institutional pension/sovereign investors. His other specialties in fund administration include Real Estate Investment Trust (REIT) compliance and administration, National Council of Real Estate Investment Fiduciaries (NCREIF) and Investors in Non-Listed Real Estate Vehicles (INREV) reporting standards, fund and JV waterfall or incentive fee calculations, treasury and cash management operations, and implementation of internal control policies and procedures.
- Launched and managed a fund administration service platform and managed a large scale fund accounting and investor reporting teams across multiple U.S. offices prior to joining Baker Tilly
- Has experiences in the implementation of SOC I Type 2 (SSAE18) control environment and establishment of quarterly internal control monitoring for fund administration services
- Managed relationships between both upper and middle market investment managers and real estate firms
- Strong knowledge of U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting standards (IFRS) real estate fund reporting and disclosure requirements. Familiarity with reporting on full operating model and investment company model
- Deep understanding of valuation policy and practice for real estate properties (i.e., discounted cash flow model)
- Knowledge of NCREIF and INREV reporting standards and real estate industry benchmark submission (i.e., NCREIF and MSCI)
- Prior experiences working with global investment management clients on large scale lift-out of back-office fund accounting and investor reporting operations and conversion into a full outsourcing model
- Implementation of Yardi Voyager Investment Management and FIS Investran fund platforms
- Real estate accounting and reporting for all real estate asset classes (i.e., multifamily, commercial, office, industrial, logistics, retail and hospitalities)
- Full treasury and cash management implementation including critical controls and procedures
- National Council of Real Estate Investment Fiduciaries (NCREIF)
- Information Management Network (IMN)
