Stout was engaged by a global leader in the multi-family residential sector to assist with ASC 805 needs in conjunction with the acquisition of various apartment complexes in six separate states.
Our work included a review of both market-based and historical income streams, cash flow projections, closing statements, and other transaction due diligence. We projected cash flows for the individual properties, built out cost models, and discreetly valued the underlying land. We valued various other real estate intangibles like in-place leases, avoided lease-origination costs, and also assessed favorable/unfavorable leasehold interests.
Our analysis was successfully reviewed by a national audit practice, and we were able to smoothly and efficiently assist our client with their purchase accounting requirements.