Rising costs drive renewed focus on project oversight as Citco launches Construction Accounting
London/NYC/Singapore, April 23, 2026 – Rising construction costs and growing investor scrutiny are forcing real estate developers to rethink how they oversee projects and manage financial risk.
Against this backdrop, the Citco group of companies (Citco) today announced the launch of Citco Construction Accounting, a comprehensive construction accounting service designed to support real estate fund managers, owners and private equity investors with real-time portfolio oversight and enhanced financial control.
Citco Construction Accounting forms part of Citco Property Services, a suite of property-focused services being introduced over a multi-year programme.
This integrated service delivers real-time project visibility, shared dashboards and structured workflows. By providing a single source of truth for all stakeholders, it combines construction intelligence, accounting, and fund-level reporting in one unified solution. The platform enables organizations to streamline project management, strengthen financial governance, and accelerate decision-making across complex development portfolios.
Delivered through Yardi’s Construction Manager module, a third-party technology solution, the service bridges the gap between fund-level financing and on-site construction data, connecting development and finance teams through consistent, real-time reporting.
“Citco has been a trusted partner for many years, and this expansion reflects both the strength of our relationship and the evolving needs of the market,” said Rob Teel, President of Yardi. “By deepening our collaboration, we’re able to deliver broader, more integrated solutions that help their teams scale with confidence while maintaining the highest standards of service and transparency.”
"Citco Construction Accounting represents a significant advancement in our real assets offering," said Hamers. "By bringing construction intelligence, accounting and fund-level reporting together in a single, integrated solution, we're enabling our clients to operate with greater confidence, control and scalability across their development portfolios."
Combining construction accounting expertise with established third-party technology, Citco Construction Accounting enables real estate firms to optimize construction oversight and maximize portfolio value.