Corporate Real Estate Each corporation has its own unique business requirements. That’s why Federal Appraisal, LLC was formed. Many of the appraisal and consulting needs of corporations can only be solved with complex and non-traditional appraisal and consulting services. Federal Appraisal specializes in those services. We understand that each investor requires different analyses and reporting. We tailor each of our engagements to the needs of the individual corporation and to those investing in the corporation. Our services to corporations include: Business Appraisal / ValuationGoing ConcernGood Will & IntangiblesMark to MarketLiquidation Damages and Lost Income Small and Mid-Sized Corporations and Businesses Site selection Acquisition and disposition due diligence services and support Transaction assistance Executive Summary reports and other report formats Lease Auditing and Analyses, net lease analyses Market reviews and real estate research Financial and sensitivity modeling Portfolio reviews Fairness Opinions and Comfort Letters International transaction/multi-lingual capabilities Management information systems and technology applications IRS and State Tax ReportingCost SegregationPurchase Price Allocation Impairment Studies SEC / Investor Reporting Portfolio and single asset appraisals, valuations Portfolio analysis and strategy Real estate department management review Advisor compliance reviews Property manager compliance reviews Market studies and research Feasibility Studies Development analysis Internal and external appraisal reviews Expedited services for time-sensitive projects Property Tax See Business Valuation/Asset Type, Accounting and Legal issues pages, for more information on Federal Appraisal. Management Consulting Issues and Solutions for Corporations & Private Owners Federal Appraisal provides user-defined scopes of services and agreed upon procedures services relating to Corporations & Private Owners. Securities and Exchange Commission (SEC) Federal Appraisal, LLC provides the real estate appraisals and valuation reporting support required by the SEC. See our SEC page for more information. Internal Revenue Service (IRS) Federal Appraisal, LLC provides the real estate appraisals and business valuation reporting support required by the IRS. See our IRS page for more information. Corporate Headquarters and Campuses While a corporate headquarters may entail one large specially built office building, a corporate campus typically comprises multiple buildings or a variety of occupancy types (office, research, manufacturing, processing) at one location that act together as one economic unit in support of the corporation.  They frequently have centralized support, amenities, and other internal functions.  Frequently, headquarters and campuses have sizable buildings and frequently cover dozens sometimes hundreds of acres of land.  They frequently have expensive-to-build special improvements and finishes, and therefore, their cost new can be unusually high.  Consequently, if their highest and best use remains as a headquarters or campus, then their values will likely be high.  Conversely, if the company that developed the headquarters or campus no longer needs it, given the nature of the special purpose improvements, the headquarters or campus may suffer substantial functional and or economic obsolescence. Therein lies the basis of appraisal challenge and of valuation disputes.  Federal Appraisal regularly testifies to its appraisals on these types of issues for corporate headquarters and campuses. Federal Appraisal has appraised dozens of corporate headquarters and campuses in the United States for a variety of purposes and uses. Federal specializes in appraising corporate headquarters or campus that include: Research and development Wet/dry laboratory space Warehouses and manufacturing buildings Office Buildings of all different types Power Plants and Power Plants that serve corporate campuses Excess and surplus land, water frontage, water rights, rights of way and easements

SEC Federal Appraisal LLC can provide any of the real estate appraisals and valuation reporting support required by the Securities and Exchange Commission (SEC), and other investor reporting exercises.   Whether its SEC reporting requirements for compliance with the appropriate accounting, tax, and audit reporting procedures, or it’s a special issue reporting requirement, Federal Appraisal LLC can help.  Mark to Market Appraisals Business Valuations Good Will and Intangibles Currently SEC registrant appraisal requirements are limited, albeit highly important.  However recent FASB actions will increase the appraisal requirements.  Furthermore, public discourse concerning mark-to-market accounting indicate that the role of appraisals in investor disclosure is growing.  Federal Appraisal LLC has been on the cutting edge of this issue, providing technical support to regulators and practitioners.   We understand the needs and desires of both companies and their investors.  We understand the need of companies to control reporting and the associated costs, and to remain, beyond a doubt, in compliance.   We understand investors need for transparency and clarity. Please see our accounting pages,  legal pages,  Business Appraisal / Valuation, and our Property Type pages for more information on the services offered by Federal Appraisal that relate to the SEC.

Appraisals for Condemnation and Eminent Domain Federal Appraisal LLC specializes in appraisals for condemnation and eminent domain.  These are complex appraisals, even when the property by itself is of low value and a simple property class.  Even an appraisal of a low value home is complex when the appraisal is for condemnation and eminent domain because the appraisal reporting requirements are frequently extensive and frequently variable from jurisdiction to jurisdiction. In such cases, the required appraiser qualifications are extensive.  Federal Appraisal has decades of experience appraising for condemnation and eminent domain.  Federal has appraised all major classes of property for condemnation and eminent domain, from homes to land, and higher value commercial (offices, apartments, malls, warehouses, etc.) to very high value special properties (power plants, utility properties, special manufacturing properties). Fee Simple and Leased Rights Easements and Rights of Way Temporary Takings Yellowbook, Uniform Appraisal Standards for Federal Land Acquisitions URA, Uniform Relocation Act USPAP, Uniform Standards of Professional Appraisal Practice State-specific condemnation and eminent domain law and procedures Federal Agencies, US Military State Agencies Local Authorities Private Owners Corporations Urban Renewal Transportation; Departments of Utilities Appraisals Appraisal Reviews Expert Testimony Litigation Support

HUD The Federal Housing and Urban Development Agency (HUD) prescribes its own appraisal procedures and its own appraisal formats. While the appraisal theory behind the HUD appraisals is the same as any other appraisal, failure to comply with HUD’s specific procedures and formats can result in the disqualification of an appraisal. Federal Appraisal, LLC provides HUD appraisals. Rent Comparability Studies for the Section 8, Mark to Market Programs and Other Programs. The professionals at Federal Appraisal have been providing rent comparability studies for various HUD programs for over five years. Federal Appraisal has developed proprietary software that fully automates the HUD appraisal forms as well as the accompanying narrative report. Our proprietary software standardizes our work product and thus, ensures product quality, maximal acceptance by HUD, and a cost-effective service delivered quickly. Federal Appraisal also provides full narrative appraisals, and market and feasibility studies for HUD. Feel free to call us to discuss our qualifications, references, and their local expertise.