Real Estate Appraisal and Advisory Services

Real Estate Appraisal and Advisory Services

Appraisal Economics provides a range of real estate valuation services throughout the United States. We appraise commercial, industrial, retail, and special-purpose properties, including apartments, assisted-living facilities, automotive service and repair shops, bowling alleys, casinos, funeral homes, gas stations, hotels, mines and quarries, offices, paper mills, shopping centers, and warehouses.

Recent real property appraisals that we have completed include:

  • The real property interests of a publicly traded apparel retailer;
  • A portfolio of hotels in Manhattan;
  • A kraft paper and pulp mill in the Pacific Northwest that was acquired by a private equity firm;
  • Tenant-in-common interests in multiple investment properties for gift and estate tax purposes;
  • Certain use rights of an electric and gas company’s land; and
  • The leased fee interest in real property improved with a 12-story office building in New York City.

Our real estate appraisals are used for a variety of purposes, including accounting and financial reporting, gift and estate tax planning, purchase price allocations related to ASC 805, bankruptcies and restructurings, and litigation support.

We are accustomed to working in large and small markets across the country. Our approach to real estate appraisals is always the same: know the local market. When preparing a real estate appraisal, we deal with local property owners and managers, sales and leasing brokers, government officials, and other appraisers to develop a clear understanding of the history of the market as well as the market’s perception of the future.

Clients requiring real estate appraisals of multiple properties in diverse geographic areas are faced with the challenge of engaging many appraisers to accomplish this task. Inconsistencies in terms of valuation methodology are bound to occur when working with many different firms. Appraisal Economics is frequently engaged to perform such multiple property engagements. Our staff is capable of coordinating these types of undertakings and delivering to the client a product that is consistent, timely, and easily understood.

Real Estate Advisory Services

Appraisal Economics also provides a broad range of real estate advisory services that are distinct from traditional real estate appraisal companies. Our real estate advisory services include appraisal management, appraisal review, due diligence, financial modeling, and market and feasibility studies.

If you’re an organization, such as a pension fund with real estate holdings that are geographically diverse, and require annual real estate appraisals where the appraiser must be rotated periodically, Appraisal Economics can assist you in this process of coordinating appraisers to fulfill your appraisal needs. Our real estate appraisal professionals have first-hand experience with a large network of qualified real estate appraisers throughout the United States.

Appraisal Economics offers appraisal review services to organizations that require third party reviews of its real estate appraisals. Our appraisal reviews can be custom tailored to specifically meet your needs. We provide assurance with respect to USPAP and FIRREA compliance. We can also review and comment on specific assumptions made in an appraisal by bench-marking to industry averages and comparing the assumptions to those made by market participants, verify the accuracy of financial models, specifically relating to current rents, future rent escalations, and tenant expense reimbursements, and provide management with a precise summary of any items that we find which may impact market value.

If you require counsel or an opinion on a real estate acquisition, Appraisal Economics can assist you through the many aspects of the process. We can assist your organization by providing market studies specific to your needs, conduct site inspections and provide a customized report with our findings,  and create lease abstracts that summarize all of the major financial and legal terms of complex leases for easier analysis.

Appraisal Economics develops market and feasibility studies for its clients through a significant amount of research and analysis of real estate, demographic, and socioeconomic data. Our team of real estate professionals has the skills necessary to perform these studies due to its blend of real estate and economic expertise. Market and feasibility studies can be used for strategic planning and due diligence, property acquisition, asset sale, new and redevelopment projects, “work outs” of distressed properties, portfolio management, project financing, and deal structuring. The most frequent users of our market and feasibility studies include: developers, equity participants, lenders, government and quasi government organizations.

If your organization requires these services or is in need of assistance in performing such tasks, Appraisal Economics can help. To learn more about how our experienced team of valuation professionals can work for you, please contact us.