In today’s commercial real estate environment, trust isn’t just about relationships—it’s about verifiable systems, transparent processes, and provable results.
That’s why we’re proud to share that NAI Elliott has successfully completed a SOC 1 Type 2 audit, conducted by Perkins & Co, one of the Pacific Northwest’s premier CPA firms. This milestone reflects not just a tangible affirmation of our long-standing excellence in property accounting, but our foundational commitment to stewardship, security, and transparency on behalf of our clients.
Whether you’re a family office, individual owner, collaborative partner or national institutional investor, this certification offers meaningful assurance: your financial reporting is secure, accurate, and meets nationally recognized standards for internal controls and risk management.
So, what exactly is a SOC 1 Type 2—and why should it matter to you?
What Is a SOC 1 Type 2?
SOC stands for System and Organization Controls, and the SOC 1 framework is issued by the American Institute of Certified Public Accountants (AICPA). A SOC 1 report evaluates how well a professional service organization controls financial data and reporting systems that clients rely on.
There are two types of SOC 1 reports:
Type 1 assesses whether the controls are designed properly and tests their existence through a single, representative data point.
Type 2 goes a step further, examining whether those controls actually operate effectively over time and in every case.
SOC 1 Type 2 is the highest level of verification in this category. It means that a licensed third-party CPA firm reviewed not only our accounting policies, but also the day-to-day activity across months of real-world transactions, testing for completeness, accuracy, security, and consistency.
Why It Matters for Property Owners and Investors
In our industry, property management firms often talk about integrity, systems, and professionalism. A SOC 1 Type 2 report turns that conversation from claim to proof.
Here’s how it benefits you:
Confidence in Financial Reporting: You receive reports you can trust. Our systems have been verified to include proper controls for lease administration, payables, receivables, reconciliations, and financial reporting. This means fewer concerns on the mechanics and more time spent focusing on substantive topics of asset performance.
Risk Reduction: Segregation of duties, role-based access, and cybersecurity protocols are all part of the SOC 1 review. This lowers the risk of fraud, data breaches, or process failure—especially important when you’re managing multiple assets or handling sensitive investor data.
Institutional Readiness: Many institutional clients require SOC 1 Type 2 certification from their property managers to meet compliance, audit, or regulatory standards. More practically, our reports are easily applicable to lender requirements for new debt or re-financing.
How We Got Here
Achieving SOC 1 Type 2 wasn’t a checkbox exercise—it was the result of a company-wide commitment to excellence in how we handle financial information.
Here’s what that looked like:
Defining and documenting every key property management accounting process, from lease analysis to bank reconciliations.
Implementing cyber- and real-life security protocols and access controls across all systems and software platforms.
Undergoing months of testing by third-party auditors who evaluated how our processes performed across a real-time review window.
Responding with improvements and adjustments, not just to pass an audit, but to build a more resilient, consistent system for all our clients.
This wasn’t about compliance for its own sake. It was about ensuring we’re delivering a level of reliability and accountability that meets the expectations of all of our clients, no matter what the asset type, portfolio size, or geographical location.
What It Says About Who We Are
In an industry that often focuses on speed, we believe in precision. In a business that can rely on relationships alone, we believe in verification.
Our SOC 1 Type 2 audit wasn’t something we had to do—it’s something we chose to do. Because at NAI Elliott, we don’t just stand in the shoes of the owner—we stand behind every number, statement, and decision we put in front of our clients.
Let’s Build Trust That’s Auditable
If you're an existing client, this achievement adds even more value to the service you’re already receiving.
If you’re exploring property management or accounting support—and want a partner whose systems are as solid as their service—this is the standard we hold ourselves to.
We're always happy to walk you through how our processes work and how they can align with your goals, compliance needs, or investor expectations.
Let’s talk.
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