Valuations for Real Estate Investment Trusts (REITs)

Appraisal Economics provides valuation services for leading publicly traded and privately held real estate investment trusts (REITs), including American Realty Capital, Boston Properties, Brandywine Realty Trust, CubeSmart, Education Realty, Essex Property Trust, Gramercy Capital, SL Green Realty, and Vornado Realty Trust, among others.

Experience

We serve REITs that own and operate a wide range of property types, including:

  • Academic
  • Healthcare
  • Hospitality
  • Industrial
  • Infrastructure
  • Office
  • Residential
  • Retail
  • Self-storage
  • Timber

Recent Valuation Projects

Some of our recent projects have been to:

  • Value the long-term incentive plan awards of a publicly traded REIT, for financial reporting purposes
  • Prepare various iterations of performance awards prior to granting to advise REIT executives how various plan structures affect compensation expense
  • Determine the fair value, for financial reporting purposes, of the notional units issued by a company that owns numerous outlet malls
  • Determine the appropriate forfeiture rate for long-term incentive plan units of an office REIT
  • Determine the fair market value of the restricted shares for a REIT that acquires, manages, leases, and redevelops grocery-anchored open-air shopping centers
  • Value the incentive units of a REIT that acquires, owns, develops, and manages apartment properties
  • Determine the fair value of certain performance-based restricted stock units issued by a REIT that focuses on student housing near universities
  • Conduct an independent valuation analysis to determine the fair value of certain performance-based restricted stock units for a REIT that executes large retail-related mergers and acquisitions
  • Conduct an independent valuation analysis of certain long-term incentive plan units granted by a specialty finance REIT
  • Determine the fair value of the incentive-based award issued by a vertically integrated REIT focused on owning, operating, and acquiring high-quality office and media/entertainment properties
  • Determine the fair value of the performance-based share units issued by a self-administered REIT focused on acquiring, developing and operating self-storage facilities

Contact Us

Appraisal Economics has provided valuation services for clients in the REIT industry for over 30 years.  We understand the intricacies of this industry and are equipped to handle your particular needs.  Please contact us or call +1 201 265 3333 for more information.