Wednesday, September 16, 2009

US Development retains Elliott Davis as corporate CPA

US Development, USD, a Columbia-based company specializing in mixed-use and infill redevelopment, has selected Elliott Davis, LLC, to serve as its accountant and business advisor.
David M. Bryant, USD president, says, “Tom, Jeff and I took our time and did quite a bit of research before retaining Elliott Davis. It was essential to choose a firm with the credentials and vision to complement our goals and objectives. Ultimately, we went with Elliott Davis because they best fit our needs and future direction.” Bryant and Tom and Jeff Prioreschi are the founders and principals of USD.
USD, which was formed in January 2009, focuses on historical landmark renovations and center-city properties in the Southeastern region of the country. Its first acquisition – on Lady St. in Columbia – was announced several months ago and will be converted into independent living, luxury apartments called The Dakota.
Elliott Davis has been in business since 1925 and has garnered an outstanding reputation for its accounting, tax and consulting services. The firm has 50 shareholders and 400 employees in 10 offices throughout the Southeast. Elliott Davis is the largest accounting firm in the state.
“USD plans to have offices in Florida, Georgia, North Carolina and Virginia, along with our corporate operations here in Columbia,” says Bryant. “Another plus for Elliott Davis is the firm is geographically located in our strategic markets, and the firm’s reputation is nationally recognized for outstanding service to its clients.”
Through its acquisitions, US Development is redeveloping properties for adaptive reuse, making way for both residential living and commercial businesses. The company plans to maintain a building’s existing historical significance, while preserving original construction materials and structural integrity. The residential component of the projects will have extensive modern amenities.


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