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New Alliance of EMG and Bedford Capital Consulting Unites Service Delivery of Two Industry Leaders
2/26/08
EMG, the industry leader in engineering and environmental consulting for more than 20 years has formed a national alliance with Bedford Capital Consulting, an industry leader in cost segregation services, announced Claude N. Limoges, C.E.O. of EMG. Bedford Capital Consulting has been providing engineering-based cost segregation studies since 2002. Cost segregation is a widely accepted tax planning strategy utilized by commercial real estate owners and tenants to accelerate depreciation deductions, defer tax, and improve cash flow.
Limoges said that the arrangement will allow EMG to immediately offer best-in-class cost segregation services. "We've been evaluating this business for quite some time and have determined that a relationship with Bedford is the best solution. They are clearly a step above the competition and we enter this new relationship with a great deal of confidence. We want to provide the absolute best to our clients and believe that this alliance creates significant value for both organizations," said Limoges. "EMG can now introduce cost segregation studies as a financial engineering tool, and thereby help clients increase cash flow, particularly in the first few years when it is not uncommon to save $200,000 - $300,000. This alliance enhances EMG's ability to be a planning and management partner to its clients for every stage of the real estate lifecycle."
Greg Bryant, President of Bedford Capital Consulting, added that both EMG and Bedford share a "client-first" service commitment that builds strong relationships. "It is an honor to be selected as an alliance partner by an industry leader such as EMG. We are looking forward to working with them to further enhance their relationships. EMG's clients will certainly benefit from our expertise in cost segregation," Bryant said.
EMG welcomes inquiries at 800.733.0660 or visit online at www.emgcorp.com.
About EMG: EMG serves real estate lenders, owners, investors, and managers in the private and public sectors with real-time data and investment-grade reports on properties from single sites to record-breaking portfolios. With more than 250 employees nationwide, the company provides an array of architectural, engineering, and environmental services, including support for transactions, asset management, and construction. EMG also offers AssetCALC(TM), a software application for capital expense planning. EMG's clients include leading Wall Street commercial lenders and major names in retail and hospitality sectors, as well as nonprofits in housing, healthcare, education and state/local government.
About Bedford Capital Consulting: Bedford combines an in-house technical staff of professional engineers, multi-disciplinary engineers, architects, facility experts, and construction professionals with in-house tax specialists to produce high quality cost segregation studies that conform to IRS guidelines. Bedford has conducted more than 3,500 studies on individual commercial real estate projects covering a wide range of property types and sizes. Bedford clients include individual real estate owners, REITs, franchise organization, private equity funds, and publicly traded companies throughout the United States. In addition to working directly with real estate owners and tenants, Bedford has assisted hundreds of accounting firms in offering this valuable service to their clients.