United States

Troy Merkel

Partner, Real Estate Senior Analyst

Areas of focus: Real Estate


Troy has 17 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

Surfacing real estate tax insights

Surfacing real estate tax insights

RSM US LLP real estate professionals discuss the future of tax and technology automation, and how it can help real estate firms.

Conditions ripe for strategic real estate, construction investments

Conditions ripe for strategic real estate, construction investments

Low interest rates provide an opportunity for real estate investors to access low-cost capital and make long-term strategic investments.

Technology, taxation and representation

Technology, taxation and representation

RSM and PERE magazine discuss how technology is transforming real estate investors’ abilities to scenario plan and evaluate tax obligations.

  • Brad Collins, Troy Merkel
  • |
  • December 03, 2020
2020 Election preview: Real estate

2020 Election preview: Real estate

With the election approaching, RSM is looking at the economic stakes and the key issues for various industries.

Fund domiciles and regulation

Fund domiciles and regulation

RSM discusses the increasing demand for regulatory compliance by investors in real estate funds in a new report from PERE.

An SOS for commercial real estate

An SOS for commercial real estate

As the coronavirus pandemic continues to wreak havoc, real estate deals are at best being reworked and at worst falling apart altogether.

How COVID-19 is changing commercial real estate

For fund managers and investors alike, the pandemic presents short-term challenges, long-term opportunities, and lessons to be learned.

Huge travel-related losses expected in 2020 due to COVID-19 pandemic

The U.S. travel industry is expected to see a 75% revenue drop over the next two months alone, according to one economic report.

As coronavirus spreads, pain goes beyond hospitality and travel

As coronavirus spreads, pain goes beyond hospitality and travel

As the human and economic toll of the Coronavirus mounts, the real estate industry is wondering where it can safely place its bets.


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


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