With our staff of multi-disciplined professionals, we assist our clients and their attorneys in addressing key valuation and financial issues as part of the overall legal strategy, and we provide expert testimony for:
Representative engagements include:
Due diligence for shareholder litigation involving several real estate limited partnerships formed during the late 1980s. We assisted the law firm that was appointed by the court to oversee the partnership liquidation. Our involvement included an evaluation of the marketing program from initial solicitation of offers through final negotiations, interviews with the management team, document review, property inspection and appraisal, settlement and distribution of proceeds. The two properties involved in this engagement were a 234-unit garden apartment complex in Florida and a 700-unit luxury development in southern California.
This unusual engagement was a retrospective valuation of 400 upland acres and 2,400 submerged acres, including mangrove wetlands. The valuation was needed for an estate tax dispute dating to the early 1970s. Comparable sales were located along the Intracoastal Waterway from Tarpon Springs to the Keys, and inspections were conducted by air as well as by boat. The comparative analysis entailed interviews with buyers and sellers, environmental specialists, and an understanding of nautical charts and references. Honeymoon Island is now a state park.