RubinBrown LLP, a large national accounting and business consulting firm, is joining with Skokie-based FLS Group LLC effective Dec. 1, 2017.
This combination will allow RubinBrown to grow its national real estate practice with a larger presence in the Midwest market. The firm will continue to operate in Skokie at 4709 W. Golf Road and will integrate its five partners and 40 team members from FLS Group into RubinBrown.
RubinBrown's Real Estate Service Group is led by Bryan Keller, CPA, partner-in-charge. Over the past 30 years, the group has developed a strong reputation nationally as a leader in accounting and advisory services, providing a full range of assurance, tax business planning and consulting services to investment funds, real estate partnerships, developers, management companies, governmental agencies, syndicators and investors, financial institutions and construction-related companies. RubinBrown has developed an expertise in affordable housing, historic tax credit services, new markets tax credit services, and renewable energy.
Real estate services comprise approximately 80 percent of FLS Group's annual revenue of $5.5 million. Adding to the firm's industry expertise is Bruce Schiff's more than 30 years of experience in the field of affordable housing finance. He is considered a widely respected expert in the industry, particularly with the Section 42 Low-Income Housing Tax Credit program. He currently sits on the board of directors and is the past president of the Illinois Housing Council Inc. Schiff has worked with numerous HUD and other federal and state housing programs, the Chicago Department of Housing, Illinois Housing Development Authority and the Chicago Housing Authority.
"Similar to RubinBrown, FLS Group specializes in the affordable housing industry, and the company is recognized as the dominant LIHTC firm in the state of Illinois," Keller said. "The combination of our two firms will allow us to create a niche office focused solely on providing real estate services in the heart of the Midwest real estate market. We're excited for the value this will bring to our clients."
RubinBrown has 600 team members working from offices in Denver, Kansas City, Las Vegas, Nashville and St. Louis.