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.
A $100 billion campus, an 85% tax discount, and fifty-seven employees — what a community actually pays to land one of these, and what it actually receives.
Read →Nuisance class actions a mile wide, octave-band noise standards, and dark-sky rules — how a facility can pass the county's meter and still end up a defendant.
Read →In most eastern states a water withdrawal permit isn't property — it's a revocable license. What that means for the deal, the diligence file, and the loan collateral.
Read →Weekly. The assets beyond office, retail, industrial, and multifamily — and the business, legal, and investment questions they raise.
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