Valuation

Transaction
Consulting
Real Estate
Advisory
Fixed Asset
Management

2013 American Appraisal Associates, Inc.

We value the unique, complex or large-
scale.
American Appraisals 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 serve
We serve owner/operators, attorneys,
accountants, nanciers, 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 do
Our 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 its
worth is worth talking about.
Real Estate Valuation
Valuation
Transaction
Consulting
Real Estate
Advisory
Fixed Asset
Management
Our Credentials
To learn more about us, visit our website:
www.american-appraisal.com
Call us: 800 288 4888
REM-10/13
How we do it
With 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
specic 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:
Specic cash ow characteristics
Opportunities to build up equity
Appreciation/depreciation characteristics
The impact of taxes
Carefully considering specic facts and
circumstances helps ensure the propertys
value is not understated or overstated,
allowing potential buyers and sellers to make
condent, 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 qualied expert
witnesses.
American Appraisals 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-specic licenses and
certications, 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 signicant
history of client service, American Appraisal
provides an array of cost-effective, timely and
efcient services for a variety of purposes for
any specic holding throughout its entire life
or ownership cycle.