Real Estate Tax, Accounting & Advisory Services
Strategic Guidance for a Changing Market
Real estate accounting, tax strategy, operational support, and financial advisory for developers, investors, family offices, and multifamily operators.
Real Estate Is What We Know Best
More than any other industry, real estate is where we’ve built our reputation. For decades, Duffy Kruspodin has been the real estate tax, accounting, and financial advisory partner behind some of the most active and complex real estate operations — helping clients manage transactions, structure portfolios, and plan for long-term value. From developers and fund managers to family offices and high-net-worth investors, we support the people behind the properties — and the portfolios — with services that are structured for the industry.
We understand that real estate isn’t just an asset class — it’s a business model. Our team supports the full lifecycle of real estate activity, aligning tax strategies, structuring decisions, and reporting systems to how deals get done.
We help you think long-term. Our real estate team brings practical insight and opportunities to build structure through our industry-focused accounting practice — and we go further to shape strategies for wealth preservation, gifting, and generational transfers that reflect both financial goals and family priorities.
Key Services for Real Estate Clients Include
Acquisition & Structuring
- Entity selection and real estate partnership planning
- Capital structuring and investor alignment
- Tax strategy including 1032 exchanges and cost segregation studies
Operations & Oversight
- Property accounting, financial reporting, and monthly close
- Payroll and HR compliance for lean or growing real estate teams
- Budgeting, reserves, and loan covenant compliance
- System integration for real estate platforms (e.g. Yardi, AppFolio)
- Fractional CFO support for real estate investor reporting
Growth & Planning
- Strategic tax planning for sale or real estate succession
- Financial planning tied to wealth preservation
- Support for operational restructuring or roll-ups
Plan for What’s Ahead in Your Portfolio
Who We Work With
- Real estate developers and property owners
- Commercial and multifamily operators
- Real estate holding companies and REITs
- Family offices with real estate portfolios
- Real estate investors and syndicators
- Real estate funds and private equity group
Related Services
Guided by Experienced Leadership
Our real estate practice is led by a team with deep industry knowledge and long-standing client relationships. They understand how to structure, manage, and support real estate enterprises — and how to move with speed when opportunities arise.
Joshua Bodenstadt, CPA, Thane Kelton, CPA, and Christy Woods, CPA, MST, lead one of the most tenured and active real estate teams at Duffy Kruspodin. With a focus on investor-backed deals, closely held portfolios, and asset-heavy operating businesses, they advise clients on everything from acquisition structuring and tax deferral strategies to investor reporting and long-term entity planning. Their insight reflects years of navigating real estate cycles — and a deep understanding of how ownership structures, estate planning, and long-term tax strategy intersect to protect and transition wealth across generations.
JOSHUA J. BODENSTADT, CPA
Partner in Charge, San Diego
THANE KELTON, CPA
Partner
Thane is a tax partner and long-standing leader in Duffy Kruspodin’s real estate practice. He works with clients across real estate investment, hospitality, and franchise sectors, providing guidance on partnership structures, tax deferral strategies, and multi-entity planning. With a deep understanding of closely held business dynamics and high-net-worth family needs, Thane helps clients manage growth, stay compliant, and preserve value across generations. He also leads the firm’s HR Committee, supporting talent development and internal initiatives.

