Valuation

TransactionConsulting

Real EstateAdvisory

Fixed AssetManagement

®

© 2013 American Appraisal Associates, Inc.

We value the unique, complex or large-scale.American Appraisal’s real estate valuation services focus on large-scale, unique properties; portfolios of investment real estate; and individual complex real property holdings, some of which are operated as going concerns. These holdings are marketed regionally, nationally or internationally.

Who we serveWe serve owner/operators, attorneys, accountants, financiers, investors, developers and government jurisdictions across a wide range of market sectors, including the following:

• Healthcare• Hospitality and gaming• Investment real estate holdings• Technology (semiconductor fabrication, data

centers and R&D)• Manufacturing• Transportation (automotive and aviation)• Utilities and power generation• Oil and gas• Chemicals• Agribusiness, food processing and beverage• Metals and mining• Paper and forest products• Pharmaceuticals• Government• Higher education

What we doOur appraisers assist clients for various purposes including:

• Purchase, sale or lease• Financial reporting (purchase price allocations

and long-lived asset impairment)• Federal tax reporting (cost segregation and

donation)• Financing• Real estate advisory• Insurance placement• Local tax issues (property tax and transfer tax)• Appraisal reviews• Litigation support

Valuation services for real estate and related assets - what it’s worth is worth talking about.

Real Estate Valuation

Valuation

TransactionConsulting

Real EstateAdvisory

Fixed AssetManagement

Our Credentials

To learn more about us, visit our website:www.american-appraisal.com

Call us: 800 288 4888REM-10/13

How we do itWith regard to complex real property holdings, some of which may be operated as going concerns (such as power plants, hotels, nursing homes and racetracks), we estimate the value of the assembled group of assets as a single economic unit. The valuation of tangible-asset-intensive going concerns, which can include elements of real, personal and intangible assets, often includes the application and reconciliation of all three appraisal approaches (income, sales comparison and cost). Our appraisers routinely provide the contributory values and, if appropriate, remaining useful lives of the various assets and liabilities that make up a specific property. This may include providing values for:

• Land (operating, excess and/or expansion)• Easements• Air rights• Water rights• Tidelands• Land improvements• Buildings and building components• Leasehold improvements• Personal property assets• Excess assets• Working capital• Intangibles• Debt

American Appraisal not only considers the basics, we also consider the nuances, including:

• Specific cash flow characteristics• Opportunities to build up equity• Appreciation/depreciation characteristics• The impact of taxes

Carefully considering specific facts and circumstances helps ensure the property’s value is not understated or overstated, allowing potential buyers and sellers to make confident, logical decisions.

Why American Appraisal?Our objective work efforts and reporting are tailored to each client, considering the purpose of each analysis. Clients have direct access to appropriate appraisers worldwide with industry and service know-how, and our senior staff includes qualified expert witnesses.

American Appraisal’s real estate appraisers have diverse educational and professional backgrounds. Our appraisers hold various professional designations (including MAI, ASA, CMI, P.E. and MRICS) as well as state and country-specific licenses and certifications, and undergo frequent continuing education involving real and personal property, intangible assets and going concerns.

Our appraisers utilize major income, transaction and cost analysis software programs. We conduct extensive research and our proprietary databases are international in design and content. Our global footprint ensures that local insights and accurate market data are incorporated into our valuation analyses.

As a multiservice provider with a significant history of client service, American Appraisal provides an array of cost-effective, timely and efficient services for a variety of purposes for any specific holding throughout its entire life or ownership cycle.