Meet the PrimusREIT Database—Your New DLOC Standard
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For more than three decades, Partnership Profiles’ Secondary Market Database has served as an industry benchmark for DLOC analysis in real estate partnership valuation. That era has come to an end. The annual Discount Study has struggled with diminishing source data and was not published in 2024. A limited supply of guideline company data remains and methods of using older data are being considered. But regardless, the valuer’s ability to supply credible and defensible analysis is fading.
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The solution isn’t more struggling. The solution is simply replacement.
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The PrimusREIT Database offers a consistent and reliable alternative that integrates easily into your valuation process, plus it offers increased precision and credibility for the long term.
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​The industry needs a fresh standard
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Valuing fractional interests—especially in real estate—has been hampered by three realities:
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Available methodologies are heavily judgment-based
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Data sources have been unable to reflect market complexity
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The practice lies between two disciplines, with a steep learning curve for newcomers
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The PrimusREIT Database was developed to overcome these exact issues.
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Built for professionals who can’t afford guesswork
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Presented and peer-reviewed 2018, PrimusREIT data supports a quantitative, auditable, and multidisciplinary solution developed over decades.
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These data are now available in an intuitive, online format designed to reduce the time, effort, and ambiguity that’s defined this field for too long.
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No more guesswork
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No more relying on “kinda like your FLP” comparisons.
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Auditable — no more buried assumptions
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A defensible, easily described, evidence-based process multidisciplinary support
Change out legacy estimates for tailored precision
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Instead of broad sector categories and generic assumptions, PrimusREIT starts with yield data from publicly listed REITs and from real estate investor surveys, isolating a true control premium based on market yield differentials. That premium is then refined through PrimusPVX, a valuation tool that incorporates the actual characteristics of your subject in its own market:
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Cash flows and income growth
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Capital structure and value growth
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Management risk and subject risk mitigation
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Your concluded DLOC is grounded in a systematic and transparent assessment of your partnership’s facts affecting risk—not a guesswork-dominated struggle.
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Here’s how comparison with your subject partnership will become far more specific by replacing secondary market data with the PrimusREIT Database.
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Your result? Precision over proxy: A defensible, subject-specific DLOC tailored to your subject partnership’s operations, economics and risk.
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Primus’ supportive ecosystem is at your fingertips
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Your valuation process doesn’t stop at DLOC—and neither does Primus.
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Every step in your valuation process is guided, and supported by:
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The full Valuing Fractional Interests in Real Estate 2.0, the only true and complete multidisciplinary work on valuing real estate interests.
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An up-to-date database explanation for your report’s appendix.
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Optional, seamless integration with the PrimusPVX valuation tool for DLOM analysis, partition, and application for general partnerships and common tenancy ownership.
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It’s your valuation – put it together your way.
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You can choose to use the minority-level yield rate directly in your own income model, or you can simply use the resulting DLOC in your conventional asset-based model. You can add features from PrimusPVX as you wish. It’s your choice, since it’s your valuation.
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For experts who value efficiency, credibility and control
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The PrimusREIT Database with its PrimusPVX guidance and support is your answer to shrinking datasets, hard-to-apply models, and ambiguous hard-to-defend estimates. With a solid, rigorous methodology and a platform you fit to your workflow, you gain speed, credibility and confidence. You lose nothing.
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No speculation. No legacy limitations. Just results you can explain—and defend.
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As the Partnership Profiles era winds down, you can choose a substitute that represents a major advancement. The PrimusREIT Database doesn’t just follow a venerable but retiring model, it redefines it. Sign up for your 14-day free trial here.
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Explore the PrimusREIT™ Database
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