Mazars, the audit, tax, and advisory firm, has announced the appointment of Craig Stern as managing director in the group’s real estate department.
In the role, Stern will be tasked with growing the real estate investment trust (REITs) practice, expanding Mazars’ services and existing client support capabilities in the sector.
He will provide the role with over 30 years of experience in the real estate and investment industries, specializing in transaction services.
Carlos Martins, partner and real estate practice leader at Mazars, said: “We are very excited to have Craig joining the real estate practice.
“His extensive background providing tax services to REITs will be of particular value in light of proposed changes to 1031 exchanges and capital gains under the new administration.”
Stern has previously served as executive vice president at Vornado Realty Trust, as well as performing tax structuring and compliance related roles at several Big Four firms.
He said: “Real estate firms of all types are facing a volatile market and potentially significant regulatory change. It is crucial to have an experienced, trusted advisor.
“I’m excited to join Mazars as I am confident they have the resources to deliver the support real estate clients need and I look forward to building on the existing capabilities of the REITs group.”