CohnReznick, a professional services firm, added Kevin McNally as a tax partner in its commercial real estate practice. Based in Orlando, McNally will support the expansion of the firm’s real estate practice in Florida, focusing on the central part of the state.
McNally has deep real estate industry expertise, helping developers, operators and investors navigate the tax issues associated with complicated partnership agreements including accounting for preferred interest, promoted interests and 704(b) capital account maintenance to address 704(c) capital contributions. His experience also includes accounting for condo developments and home building, acquisition and exit planning for bundled real estate portfolios (including gain calculations and cost segregation studies) and structuring foreign inbound investment into U.S. real estate including blocker interest stripping structures, treaty analysis on payments to foreign investors and planned dividend free liquidations. McNally is also proficient in testing and effectuating qualified opportunity zones.
“Florida continues to be a hotbed for commercial real estate activity with significant transactional volume across multiple sectors such as multifamily, industrial, office, retail and hospitality,” Ron Kaplan, partner and commercial real estate industry leader for CohnReznick, said. “Kevin’s deep understanding of the dynamics of Florida real estate is exceptional and critical as domestic and foreign investment continues to pour into the state. I am delighted to have Kevin as part of our growing Florida commercial real estate team and look forward to the impact he will make for our clients and our firm.”
McNally joins CohnReznick having served most recently as a director of tax services for a Miami-based advisory and CPA firm. Prior to this, he was in the tax practice for another Miami-based firm and began his career as a tax associate for a Big 4 firm.
Currently studying at the University of Florida for an L.L.M. degree in taxation, McNally earned a J.D. and Graduate Diploma in comparative law from the Paul M. Hebert Law Center at Louisiana State University. He earned a B.A. in Spanish from Florida International University and a B.S. in accounting and economics from the University of Tampa.
