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MacRostie Historic Advisors

MacRostie Historic Advisors is a national leader in historic tax credit consulting, helping real estate developers attain project equity through federal and state historic tax credit programs. They have regional offices across the country and provide consulting services to developers, lenders, and investors who are active in the rehabilitation of historic properties. These tax credits greatly reduce the risk capital developers must invest in their projects, and promote the restoration of numerous historic properties.

Fractional CFO and Advisory Services

Bill MacRostie, Founder and Senior Partner at MacRostie Historic Advisors, was introduced to The Fahrenheit Group back in 2012 by an executive coach he had engaged. Bill contacted Fahrenheit believing he needed more sophisticated financial structuring and in-house accounting management and controls. “I was doing everything and we kept the doors open, but it was getting a little beyond my capabilities,” said MacRostie.

Initially, the Fahrenheit team included both a fractional CFO and accounting manager to manage all accounting and finance functions. The team identified several areas that needed restructuring, including converting MHA’s accounting from a cash basis to accrual, integrating their CRM system with the general ledger, and making several Federal and state tax-saving changes.

Our CFO also recommended that MacRostie form a new partnership and admit his two key senior managers into the firm as equity partners, to create a more stable financial position and common purpose among the senior team. One of Fahrenheit’s senior strategy consultants led a retreat to help design the new partnership structure and gain acceptance of all parties. “Fahrenheit clearly had a lot of experience in small business. They interviewed everyone involved, all principals, and were able to put a proposal on the table that everyone was able to buy into,” said MacRostie.

MacRostie is very pleased with the Fahrenheit business model and finds it very helpful to his organization. “The expertise that Fahrenheit brings to the table would cost us a fair amount to have on staff full time. This model has worked very well for us,” said MacRostie. “They are very insightful and impressive in their reading of our business, the individuals involved, and what they brought to the table,” said MacRostie.

Today, our fractional CFO supervises an in-house controller and has become an integral continuing member of the MHA management team.

To learn more about MacRostie Historic Advisors, visit their website at www.macrostiehistoric.com.

What our Clients Said

“Fahrenheit came in and clearly had a lot of experience in small business. They interviewed everyone involved, all principals, and were able to put a proposal on the table that everyone was able to buy into. They are very insightful and impressive in their reading of our business, the individuals involved, and what they brought to the table.”

Bill Macrostie

– Macrostie Historic Advisors
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