Claire Martin, Gindi Equities Controller, has an MSA in accounting with over 18 years’ experience (15 of which are in real estate) and 7 years in public accounting. Claire has been our controller for 2 years. She is responsible for all accounting, custody including distribution calculations, tax matters and liaises with our banks, tax preparers, lenders and oftentimes our investors. She keeps our financial records in order and produces the financials you see quarterly as part of our asset management updates. We are proud of our incredibly experienced team and Claire brings decades of experience and training to the Controller seat at Gindi Equities.
Q&A
We are excited to share some Q&A that we hope gives you more insight into Claire and the pivotal role she plays in the Gindi Equities operation.
How did you end up working with Gindi Equities and what do you enjoy most?
I joined the company two years ago, after spending seven and a half years at another real estate family office, where I was the property controller. Seeking a more active role in decision-making, I was attracted to the opportunity to work with a dynamic and nimble team. I have experience working at both family offices and startups, and this role is unique in that it offers the best of both worlds . I enjoy working with the leadership team and being involved in all aspects of the company, from bookkeeping and tax work to playing a part in the acquisitions strategy.
Claire, tell us about any key items on your desk and any accounting matters that are on your watchlist?
Bonus depreciation legislation has passed the House and is now facing an uncertain future in the Senate. If approved, it would allow for 100% bonus depreciation in the first year of operations, a change from the current limits of 80% for 2023, 60% for 2024, and 40% for 2025. We utilize this tax exemption and will continue to wait and see whether the change is implemented, but have moved forward with issuing K-1s across our portfolio of assets.
Are there any key changes to note in 2024 or things on the horizon for the second half of the year?
We are wrapping up our tax work and expect to issue the final open K-1s soon. On the lender side, we are seeing more scrutiny of financial statements this year, but they remain accommodating, especially around rate cap extensions and refinancing activities.
Final question: what can you tell us about you personally, for instance, what do you enjoy doing with your free time?
I enjoy spending time with my husband and our three-year-old daughter. In my free time, I play tennis, participate in multiple book clubs, and love traveling and exploring the city.
