Susan H. Nadler, CPA
Partner

Susan H. Nadler, CPA, is a Partner at Marks Paneth & Shron LLP. She has been practicing public accounting since 1989. Ms. Nadler has extensive experience serving the real estate industry and works with many of New York City’s leading developers, owners, operators and investors providing accounting, attest, consulting and tax services.

Her broad background includes preparing and auditing certiorari filings, special purpose financial statements and operating escalations; performing due diligence on major real estate acquisitions and mezzanine lending arrangements and preparing and reviewing complex cash flow models and financial projections. She also advises her clients on debt financing and loan covenants.

Ms. Nadler has considerable expertise conducting lease audits where she assists owners in maximizing their portfolios by identifying uncollected contingent rent payments including percentage rent, escalations, subletting profits and participation payments. She also helps owners structure leasing arrangements and performs operational audits to identify ways to strengthen internal controls and increase cash flows and work-flow efficiencies. Ms. Nadler is also involved in reviewing partnership income tax returns.

Ms. Nadler has worked with a number of private equity funds with capital commitments in excess of $3 billion dollars as well as with their investment advisors and sponsors. She leads audits of the funds, reviews multistate income tax returns and tax projections and advises on complex waterfall distribution calculations. She has also performed Sarbanes-Oxley 404 consulting for investment managers and led the team in assisting management in implementing, documenting, testing and providing remediation solutions for their systems of internal controls in order to comply with the Sarbanes-Oxley Act.

For the nonprofit sector, Ms. Nadler consults with and advises public foundations on implementing corporate governance policies; maintaining compliance with government grants and adopting sound, cost-effective internal control policies and procedures. She also oversees Circular A-133 audits and cost certifications.

For the hospitality industry (specifically independent restaurants), Ms. Nadler has performed operational audits, percentage rent reviews, audits of financial statements, structured compensation agreements and reviews of income tax returns.

To share her expertise, Ms. Nadler leads seminars for accounting professionals on a wide range of accounting, auditing and taxation subjects. These classes are accredited for continuing education purposes. She also sits on the Continuing Professional Education (CPE) Committee of Marks Paneth & Shron. Her CPE responsibilities include accessing the educational needs of the firm’s staff and management, recommending CPE course curricula and developing course materials. Further, in response to a 2009 New York State ruling that affected CPAs throughout the state. Ms. Nadler was instrumental in developing the firm’s CPE Center. The Center assists the firm’s CPA clients working in private industry, government and academia to meet their annual CPE requirements under New York’s Accountancy Reform Law.

Ms. Nadler authored an article entitled “Revenue Recovery: Lease Audits Can Reveal Hidden Income Potential” in the January/February 2010 issue of Commercial Investment Real Estate magazine. The article provides property owners with guidance about uncovering hidden revenue opportunities so that their property portfolios can yield maximum returns. She is also a member of the National Editorial Board of Real Estate Advisor, a bimonthly newsletter that focuses on the real estate industry.

Ms. Nadler earned her Bachelor of Business Administration in accounting from Hofstra University. She is based at Marks Paneth & Shron’s midtown Manhattan headquarters. She resides in Oceanside, New York.

Hofstra University
Bachelor of Business Administration in Accounting

• Member, Real Estate Committee

• Past Member, Hospitality Committee