David L. Bierhorst

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Westlake Village Office

Audit

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With well over twenty years of experience in the real estate industry, Dave spends the majority of his time working with low-income housing tax credit clients performing audits, reviews, cost certifications, compiling projections and consulting. Prior to joining HCVT, Dave was an experienced real estate audit manager with Arthur Andersen and a staff accountant for Pacific Holding Corporation. While at Arthur Andersen, he was involved with Real Estate Investment Trusts and private real estate companies, including extensive involvement in initial and secondary public and non-public offerings. Dave's involvement in performing audit and review services for the real estate industry includes experience with commercial office buildings, apartments, shopping centers, homebuilders and master-planned community developments. Dave also has extensive experience in performing due diligence work on acquisitions of real estate companies and evaluation of real estate cash flow and valuation models used for the purpose of securitizations in the public and private markets.

Dave's experience encompasses all forms of financial reporting services, including SEC and HUD reports, audits and reviews. Although he has focused the majority of his time in the real estate industry, he also has industry knowledge in construction, law firms, not-for-profit entities, service, manufacturing, mortgage banking, and distribution. Dave is a member of the American Institute of Certified Public Accountants, the California Society of Certified Public Accountants and is the Chairman of the Audit Committee for a non-profit.

A graduate from Pepperdine University, Dave earned a bachelor's in business administration with a concentration in accounting.