In a “previous life” I was a partner in a small packaging company, and per our operating agreement we had a company valuation performed every April. It was one of the smartest moves we made, and the reasons easily apply in my “current life” as a commercial real estate (CRE) advisor.
For example, if you’re an investor in multifamily properties, an annual valuation from a CRE advisor makes great sense. While not as formal as a bank appraisal, an annual property valuation provides a current, data-driven estimate of a property’s market value. This simple, yet powerful, step can offer significant advantages, from strategic planning to financial compliance, making it a crucial part of prudent real estate investment management.
Here is a brief, to-the-point list of the top four reasons why an annual valuation from a CRE advisor for an apartment building is highly beneficial. continue