NEWPORT BEACH, Calif. – Wood Investments Companies, Inc., a leading fully integrated commercial real estate investment company specializing in retail, has appointed Michael A. Rich, CPA, as the company’s new Tax Director. For nearly a decade, Rich has served as the President and CEO of Rich & Company in Irvine, California, a full-service tax, accounting, and business consulting firm.
“We are thrilled to welcome Michael Rich to the Wood Investments team as our new Tax Director,” said Patrick Wood, President and CEO of Wood Investments Companies. “Michael’s extensive experience and proven track record in tax management and consulting make him an invaluable addition to our company. His expertise will be instrumental in ensuring our continued growth and success as we manage the complexities of real estate acquisitions, development, and our large property portfolio. We look forward to the positive impact he will bring to our organization.”
As Tax Director for Wood Investments, Rich is responsible for managing and overseeing all tax-related activities for the company’s real estate properties. This includes ensuring compliance with local, state, and federal tax regulations, preparing and filing tax returns, and managing tax audits. Rich will work closely with other departments to ensure accurate and timely tax reporting and to minimize tax liabilities.
Rich established his tax practice in 2015 with the intent of serving small business owners, given the multitude of tax and accounting-related issues they encounter. He provided consultation and planning around the tax implications of proper entity selection, retirement plan setup and contributions, fixed asset acquisition, R&D tax credits, and forward-looking tax projections.
Successfully helping his clients navigate their complex and constantly evolving tax landscape, Rich found his way into several privately held real estate partnerships. He was able to help organize the operations and strategically plan for taxes with great effect. It was from working with those partnerships that he found his love for commercial and multifamily real estate.
Prior to establishing his own firm, Rich was a Senior Tax Accountant with Smith, Linden & Basso (which has since merged with Windes) for nearly four years. Rich graduated from Chapman University in Orange, California, with a Bachelor of Business Administration in Finance and Marketing. Rich is a Certified Public Accountant.
About Wood Investments Companies, Inc. (WICo)
Established as a premier private family-run enterprise, WICo is a distinguished name in the real estate industry. Headquartered in Newport Beach, California, WICo is owned, operated, and managed by Patrick Wood, who carries forward a legacy of excellence set by his father, the visionary Jim Wood. Jim’s remarkable career includes the development of 60 shopping centers, many of which he still owns today. At WICo Inc., we take pride in being a real estate investment and management firm that excels in acquiring, owning, operating, and developing commercial retail shopping centers, with a strategic focus on value-add redevelopment and investments in the Western United States. Our journey has been enriched by over 60 years of combined experience and success in the retail real estate industry, a testament to our unwavering commitment to excellence. For more information, visit: woodinvestments.com.
Media ContactCompany Name: Wood Investments CompaniesContact Person: Patrick Wood, President/CEOEmail: Send EmailPhone: 657.247.2600 ext. 304Address:14 Corporate Plaza Suite 120City: Newport Beach State: CaliforniaCountry: United StatesWebsite: https://www.woodinvestments.com/
