Our Simple Mission Statement:

“To maximize our client’s cash flow”

AEC Cost Recovery was founded by Marcus Elliott in 2010 with the goal of helping owners of commercial real estate use the federal tax code to generate increased cash flow through cost segregation and partial asset disposal studies. During the past decade the firm has continuously grown and now has operations in several states.

AEC Management Team

The IRS Audit Techniques Guide sets forth criteria and experience which should be possessed by individuals and firms performing Cost Segregation Studies. These include knowledge of both construction processes, cost estimating and allocation, plus the tax law involving property classifications for depreciation purposes. The AEC Management Team brings to our clients the necessary experience and qualifications that the IRS expects for each Cost Segregation Study.

Marcus B. Elliott, President

Marcus started AEC Cost Recovery in 2010 after a successful 40-year career in the oil and gas, real estate development, and business consulting industries. He has a proven success record in a variety of financial and operational management areas including cost segregation, 1031 exchanges, financial analysis, internal audit, fraud investigation and workflow efficiency.

In addition, he was the senior operating manager of three different company subsidiaries. This included being the initial Chairman and Managing Director of Santa Fe, AG - a $150 million marketing company headquartered in Switzerland. His real estate experience includes being the Vice President of Internal Audit for JPI Partners, LLC – a national developer of apartment complexes. In this capacity he implemented and directed audits of construction projects in 19 states, ranging in size from $20 to $125 million.

In his current role with AEC, Marcus manages the entire cost segregation process for his clients, having completed over $1 Billion in projects with a combined depreciation adjustment of over $350 million. This process includes: project assignment, coordination of workflow from site visits, detailed cost estimates, report production, quality control and final client review.

Kurt F. Heinrich, Director – Project Engineering

Kurt brings 25 years of cost segregation management experience, having completed over 4,000 studies for firms including CBIZ Valuation Group, LLC, RSM McGladrey and Arthur Andersen, LLP. His former clients include such companies as Pizza Hut, John Deere and Monsanto. He was the 2009 President of the American Society of Cost Segregation Professionals.

His extensive cost segregation experience includes providing services to clients ranging from small, family-owned businesses to large nationally known corporations. Assignments have been across a wide variety of buildings and industries including; apartments, banks, golf courses, grocery stores, hotels, manufacturing and processing plants, medical buildings, nursing home and independent living facilities, office buildings, research and development facilities, restaurants, retail stores, malls and warehouses.