About Equity Multiple

Offering streamlined access to diversified real estate investment products, Equity Multiple enables self-directed investors to invest alongside the market’s most sophisticated sponsors and lenders in high-yield commercial real estate assets.

The problems Equity Multiple faced

Equity Multiple’s goal is to make real estate investment accessible to all accredited investors, starting with a $5K minimum investment. However, before partnering with Agora, they faced significant challenges in achieving this goal due to inefficiencies in managing their tax operations.

Rebecca Park, Associate Director of Financial Operations, said:

We worked with a well-known accounting firm for our taxes, but there was too much back-and-forth and time-consuming work.

She continued:

From our perspective, if we get a K-1 back for an investment, it should be very straightforward to quickly churn out a K-1 for investors at the SPV level. But this wasn’t the case before we started working with Agora’s CPAs.

The manual process of putting together trial balances and calculating every number for K-1s was a significant drain on resources. Additionally, working with a large firm presented its own set of challenges.

Rebecca added:

Because our previous partner was a big firm and our accountant there had a large roster of clients, we always felt pressured to instantly provide them the information they needed. If there was a delay from our side, our accountant and his team would turn their attention to another client instead – leaving us in limbo.

Agora’s tech-enabled Tax Service saves Equity Multiple valuable time: 80% of K-1s delivered by May 31st

Tax season was historically a significant operational burden for Equity Multiple. But after onboarding to Agora’s platform and their accounting service, their finance team noticed an immediate reduction in operational overheads.

With Agora, we no longer have to spend time on the nitty gritty parts of our tax operations – we just send them raw data and they do it all for us.

This freed up considerable time for the Equity Multiple team to focus on their most important tasks for business growth.

Equity Multiple delights investors this tax season using Agora’s K-1 service: On track to deliver 95% of K-1s before the deadline

Agora’s tax services didn’t just positively impact Equity Multiple’s team – they also had a notable impact on their investors.

The tax process is one of the biggest points of friction for our investors and their experience working with us. It was a top priority for us to make taxes easier for our investors.

The attentiveness of Agora’s dedicated team of tax specialists enhanced the efficiency brought by the tech-driven K-1 service.

If our clients need any revisions to their tax forms, the turnaround has been so quick and I know our investors really appreciate that.

The results: Equity Multiple transforms tax season with with Agora’s comprehensive Tax Services

Since partnering with Agora, Equity Multiple has transformed their tax processes with an overall increase in efficiency and improved investor satisfaction.

The results speak for themselves.

As of May 31st, using Agora we had 80% of K-1s/1099s delivered to our investors compared to 50% with our old tax preparer.

Moreover, Equity Multiple is on track to deliver 95% of K-1s by June 30 – three months quicker than it took with their previous partner.

Contact the Agora team to learn more about streamlining your tax operations and growing your business using our holistic suite of investment management tools.