History

In 1977, CPAs and long-time friends David Reznick, Stuart Fedder and Ivan Silverman established Reznick Fedder & Silverman, a small Washington, D.C.-based accounting firm. At the time, the firm’s goal was to service local clients primarily involved in real estate. For the next three years, Reznick Fedder & Silverman built its real estate client base, soon outgrowing its D.C. headquarters and prompting a move to larger office space in suburban Bethesda, Maryland.

In 1982, the firm embarked on what would become an aggressive national expansion, opening a second office in Baltimore to serve an expanding mid-Atlantic client base. A few years later, a major change in the tax code in 1986 significantly altered the course of the firm, propelling it into the national spotlight.

The Tax Reform Act of 1986 created the low-income housing tax credit program, designed to encourage private-sector investment in the development of affordable multi-family rental housing. Understanding the major financial upside of this program for its real estate clients, Reznick Fedder & Silverman focused its real estate practice on the affordable housing industry. Within a few years, the firm was recognized as a national leader in affordable housing accounting services, and was renowned for its knowledge in the tax credit arena.

Geographic expansion followed with new offices in Charlotte, N.C., and Atlanta, Ga. New practice areas and service groups, including nonprofits, healthcare and valuation and transaction advisory, were established to meet the needs of an evolving client base.

In 2004, the firm was renamed Reznick Group. Today, Reznick Group maintains its headquarters in Bethesda with offices nationwide in key cities such as Austin, Chicago, Los Angeles and Sacramento. We also serve our clients through an international office in Chennai, India. While we maintain our national leadership in affordable housing, we continue to expand our services and knowledge in growing industries such as renewable energy, financial services, technology and commercial real estate.

While Reznick Group has certainly evolved over the past 32 years, our values and focus on service remain unchanged since Reznick Fedder and Silverman first opened its doors in 1977.