Encore is a vertically integrated real estate developer, operator, and institutional investment management firm, with in excess of $2bn in Assets under Management. Encore has been a longstanding tax compliance and structuring client of FTS, a leading tax services provider, which saw a majority shareholding acquired by Apex Group in April 2022.
With FTS becoming part of Apex Group, existing clients - such as Encore - are now benefitting from access to the Group’s global, cross-jurisdictional reach and range of additional services including fund administration, digital banking, compliance solutions and ESG Ratings and Advisory.
Apex was appointed by Encore due to its ability to offer both tax fund administration services through one relationship, underpinned by its functional and real estate industry experience and leading technology solutions. This announcement follows a period of accelerated new business growth for Apex’s Americas business, with Real Estate client wins including American Ventures Partners, RailField Partners and Midtown Capital Partners.
Fund Administration services form an integral part of Apex’s single-source solution, which, according to a recent Total Economic Impact (TEI) report by Forrester Consulting, provides clients of Apex Group with a return on investment of 105% and cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.