When an asset is too complicated for traditional valuation, that's where we add value.
When a dispute, estate, or IRS matter turns on the value of an unusual asset.
When tax and transaction planning depends on defensible asset values.
When the collateral — or the deal — is more than land and buildings.
These assets combine real estate, equipment, operating businesses, permits, and regulatory risk. We analyze them as they actually operate.
It looks like land. The value is in permits, reserves, entitlements, and scarcity — not the dirt.
The real estate appraisal financed the building and missed the machine that makes the money.
Contamination reads as pure liability. Priced right, remediation is where the upside lives.
Landfills, ports, water, energy — unglamorous assets with scarcity economics and durable demand.
One sewer system, three defensible values on the same day. Part 1 of Public Works, Private Capital: why an investor earns on rate base rather than price, and how state statutes decide how much of the premium ever reaches it.
Read →Five minutes of national farm television, written out in full: conservation easements, transmission-line offers, used equipment values, and drought on Southeast pasture.
Read →Three days with materials producers in Austin. Data rights, short contracts and indemnity sized to the loss — and why each clause is also a valuation question.
Read →Weekly. The assets beyond office, retail, industrial, and multifamily — and the business, legal, and investment questions they raise.
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