The global experience and local market perspective to address a wide range of valuation & advisory issues associated with every property type

Real Estate Valuation

We understand that when it comes time to select a real estate advisor, there are several factors to consider. Finding a qualified appraiser is an important first step to the process but finding one who has the appropriate experience to address the complexities that can and will arise is critical.

Whether office or industrial, retail or healthcare, a single property or a global portfolio, Stout provides independent and reliable real estate consulting designed to fit your needs, throughout the United States and internationally. Our professionals are real estate appraisers who hold the following designations:

Appraisal Institute (MAI)
Counselor of Real Estate (CRE)
Appraisal Institute – General Review Specialist (AI-GRS)
Fellow/Member of The Royal Institution of Chartered Surveyors (FRICS/MRICS)

Litigation Support

Our professionals have been retained as experts across the U.S. and have testified in both Federal and State Jurisdictions throughout the country. As a result, our reports are designed and developed to withstand scrutiny in the most adversarial legal proceedings. Our track record of success in a litigation setting is unmatched in our industry. Our litigation services include:

Expert witness testimony (federal, state, local)
Marital dissolution
Shareholder disputes
Bankruptcy proceedings
Property tax appeals
Condemnation, zoning, and land use disputes
Construction defects/Environmental contamination
Trust and Estate including US Tax Court

Financial Reporting and Tax

For more than 30 years, we have provided valuation services for financial reporting requirements using industry-leading methodologies and techniques. In an industry that is constantly evolving, we are leaders in utilizing globally recognized standards through our participation in, or adoption of guidance from, a number of prominent and recognizable governing bodies and boards including the:

International Valuation Standards Council
Royal Institution of Chartered Surveyors
Appraisal Institute
International Accounting Standards Board
Financial Accounting Standards Board

In addition to our vast experience in financial reporting related valuation services, we routinely provide our clients with corporate tax planning and compliance consistent with Internal Revenue Service guidance as well as that of other domestic and international taxing authorities.

Our Services

Financial reporting including purchase price allocations & fair value measurements
Corporate tax planning and compliance
Cost segregation studies
REIT, private equity and institutional investor reporting valuations
Fresh start accounting
Goodwill and long-lived asset impairment testing
Lease accounting and ROU fair value reporting
Net asset value (NAV) and NAV per share analysis for investor reporting
IRS tax disputes
International tax restructuring

Estate and Gift Tax Planning and Reporting

The complexities that arise during the succession planning and estate tax reporting process can make it challenging to obtain an accurate valuation. And, with increased IRS scrutiny of estate and gift-tax valuations, the consequences of missing the mark can be severe.

Stout is one of the largest valuation firms in the country with a dedicated focus on trust and estate valuations. We have worked with many of the wealthiest families and largest family-owned businesses in the United States, have testified in multiple U.S. Tax Court trials, and have been retained by both the Tax payer and the IRS. In addition, we have experience providing valuations for virtually every property type ranging from a single property to large, multi-billion-dollar portfolios. Further, we also have experience, and have successfully defended, hundreds of absorption and portfolio discounts.

In addition to valuing the underlying real estate, we are prepared to vigorously defend our valuations when they come under Audit. Whether it’s preparing a memo or in-person meetings with the IRS to defend our work product, we strive to provide our clients with the highest possible level of data analytics while successfully supporting our conclusions in an organized and detailed manner.

Transaction Opinions

Consistently recognized as one of the top fairness opinion providers over the last decade, Stout provides fairness opinions and solvency opinions across the real estate industry for a wide range of deal sizes and types. We leverage proven valuation techniques, sophisticated financial and cash flow modeling, thorough industry analysis, and extensive due diligence to provide transaction opinions that are independent, well supported, and highly responsive. Because each and every opinion is reviewed by Stout’s transaction opinions committee, we provide fiduciaries with a greater level of assurance that the transaction was diligently investigated and reviewed.

Other Valuation and Consulting Services

Valuation for insurance placement purposes
Market and/or feasibility studies
Purchase/sale advisement
Favorable/unfavorable lease analysis
Rent studies (Stark and anti-kickback compliance)
Financing including mortgage underwriting, sales leaseback transactions, Real Estate Owned (REO), special assets group and foreclosure valuations, and valuations for special servicers
Healthcare real estate