This 43-page guide is designed for both valuation experts and the lawyers who guide their testimony in in real estate partnership cases. The experience can be tricky and frustrating. Fractional interests in real estate has long been a tortured multidisciplinary practice area that has spawned at least 18 valuation methods. The opportunity for obfuscation is great, so finding clarity for your side and penetrating arguments on the other side is often difficult and sometimes impossible. This guide aims to change that. Step by step.

 

• High-level summary of each method, in simple terms.

• Key evaluation criteria—factual connections, logical explanations and susceptibility to bias—take you directly to strengths and weaknesses of each method.

• A rating system guides you to focus on your side’s strengths.

• Each method’s connection with nine essential facts helps maintain focus and brings all “stories” back to the basics of every real estate interest valuation.

• Lists of specific defenses and attacks will prove helpful in constructing direct testimony and cross-examining the opposing expert. Sometimes just a few points are all you need.

• Written at an expert level, but with many links to short explanatory articles and references to the entire body of knowledge in Valuing Fractional Interests in Real Estate 2.0.