United States

Troy Merkel

Partner, Real Estate Senior Analyst

Areas of focus: Real Estate


Troy has 15 years of experience in audit and consulting, with a particular emphasis in real estate and financial services reporting, in accordance with US GAAP, IFRS, NCREIF PREA Reporting Standards and income tax basis. He is also an expert in accounting for asset acquisitions and complex leases and specializes in various tax-advantageous, in particular Opportunity Zones and government subsidized deal structures.

Troy’s financial services background involves audits of private equity funds, which hold equity or debt interests in a variety of industries including technology, consumer products, personal services, real estate and renewable resources. His expertise includes complex valuations, mezzanine and first lender analysis, as well as, the evaluation of options.

In 2018, Troy was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. These senior analysts advise clients on conditions impacting middle market leaders. Troy’s focus is on the real estate industry.

Recent Perspectives

Investor guide to opportunity zones

Investor guide to opportunity zones

RSM partner Troy Merkel discusses qualified opportunity zones and their tax benefits with RealCrowd’s CEO Adam Hooper.

2019 business outlook: Real estate industry

2019 business outlook: Real estate industry

For 2019, real estate market fundamentals will be strong; however, demographics and policy will continue to influence and drive investment.

A looming trade war could have implications for investors, developers

New trade tariffs are expected to affect a number of industries, with commercial real estate taking a substantial hit.

Regional real estate impact reports

The real estate regional impact reports feature insights from top-level investment experts focused on the different real estate markets.

  • Michael Mastruzzo , Troy Merkel, John Rilling
  • |
  • September 26, 2018
Commercial real estate prepares for the era of blockchain

Commercial real estate prepares for the era of blockchain

Learn how blockchain has become an attractive alternative to traditional real estate investment within the commercial real estate industry.

Regional real estate impact: Boston

Top-level real estate investment experts focus on the Boston market and provide in-depth data highlighting current trends.


To discuss how our team can help your business, contact us by phone 800-274-3978.


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