COMMERCIAL REAL ESTATE APPRAISAL
Appraisal Solutions
We provide a broad and diverse range of appraisal solutions. We can provide services to this list of property types:
Major triggering event - Current Pandemic Catastrophe - COVID-19
Not to mention on the current on-going Pandemic Catastrophe has had a major impact across both the real economy as well as in the financial and credit markets. With such uncertainty as to when the dislocations will resolve themselves, holding companies for commercial-investment real estate portfolios need to begin proactively assessing what this means for the value of their assets, with impairment considerations being a focal point.
To property measure the fair value impact of COVID-19 on real Estate assets, developments in the macro economy, real estate equity markets, and property-level market need to be recognized. We can help you think through complex valuation topics and associated financial reporting implications. Some of the key areas we can help include: net operating review and cash flow analysis, portfolio analysis, discount rates and terminal capitalization rate analysis, and valuations for strategic planning, financial reporting with impairment loss, and tax purposes.
Especially, we can provide the impairment valuation services for the heavily impacted property types as the following:
Hardest Hit:
Hotel, Resort, Lodging, Hospitality
Healthcare Facilities, Senior Housing
Regional Malls and Large Retail Shopping Centers
Student Housing
Food Service Facilities
Less-Significant Hit:
Self-Storage Facilities
Office Buildings
Industrial Facilities
Data Centers
Property Types:
Property Types
•Commercial - office, retail
•Apartments (5+ Units)
•Mixed Use
•Medical Facilities
•Industrial / R & D
•Manufactured Home Parks
•Land - Commercial, Industrial, Residential, Subdivided, Acreage, Open Space, Contaminated/ Stigma
•Car Wash Facilities
•Convenience Stores
•Gas Stations
•Restaurants
•Hotels/Motels, Resort, Bed & Breakfast, Timeshare Conversion, Timeshare Units
•Senior Housing - Skilled-Nursing, Assisted-Living, Congregate Care, Alzheimer, etc.
•Shopping Centers
•Hospitals, Assisted Living Facility
•Other Special Purpose - Student Housing, Charter Schools, Restaurant/ Bar/ Nightclub, Movie Theater, Church, University/ College, Day Care, Greenhouse/ Nursery, Outdoor Advertising Sign, Lumber Yard, Veterinary Clinic, Kennel, Bank Branch, Auto Dealership, Pay Parking Garage/ Lot, Corporate Headquarters, Historical Register
Portfolio Valuations
Large numbers of properties can be appraised on both an individual basis and/or as a whole.
Purpose and Use of Appraisal:
We appraise commercial property for a variety of purposes including:
•REO / foreclosure asset evaluation
•Property tax assessment review and appeals / abatements
•Discounts to partial interests for lack of control (DLOC) & marketability (DLOM)
•Expert witness testimony / litigation support
•Dispute resolution (divorce / partnership dissolution / zoning issues)
•Arbitration / Mediation
•Defaulting CMBS assets
•Divorce proceedings
•Estate Settlement
•Prospective valuation
•Retrospective valuation
•Portfolio valuation
•Sale or asking price determination
•Financial reporting (SFAS 141, SFAS 141R, SFAS 144 / IFRS)
•Buy / sell agreements
•Divestitures
•Eminent domain / condemnation
•Loss in value estimate due to contamination and other detrimental conditions
•Price allocation (business value or goodwill, real property, personal property)
•Estate planning, gifting, estate settlements, probate
•Land utilization studies
•Retrospective dates of value
•Determination of investment value based on client's investment criteria
•Partial & fractional interests (shares in partnerships, LLC's, ground leases, etc.)
•Financing / refinancing