Mr. Shemesh has over 10 years of experience in real estate acquisitions, development, and sales. His professional experience includes tax compliance and consulting services for alternative investment clients at KPMG and BDO USA, LLP. His experience and responsibilities during his time as a public accountant included tax planning for high net worth individuals, hedge funds, real estate and private equity funds ranging in sizes from $50 million to $5 billion in net assets. During his time at BDO, he was an instructor of Continuing Professional Education programs for investment partnership and high net worth tax planning.
Over his career in real estate Mr. Shemesh has developed and sold a portfolio of residential and mixed-use commercial real estate in Philadelphia exceeding $50 million in value. For 1217 Realty Group his responsibilities include: investment review and due diligence to determine projects feasibility; managing the zoning, entitlement and permitting process; financial modeling for real estate investments; non-performing loan sales, loan workouts, foreclosures; and tax research for various complex partnership transactions, including the formation of joint ventures, basis step-up calculations and §704(c) partnership allocations.
Mr. Shemesh completed college at the Pennsylvania State University with a degree in Accounting. He is licensed real estate salesperson Pennsylvania and holds a non-active license as a Certified Public Accountant (CPA) in Pennsylvania.