Corporate Valuation Services

Corporate real estate valuation needs often go well beyond one-off appraisals to help underwrite mortgages. In fact, corporate and institutional clients seek strategy from their advisors for portfolio optimization, property tax mitigation, financial reporting and adaptive reuse. Some of DeLacy’s significant corporate engagements include:

  • Aeroterm Air Cargo facilities: Produced a market study and consolidated cash flow analysis at the enterprise level for entire 26-airport portfolio. Bond underwriters at the major credit rating agencies in NY relied on the report, rolling up individual cash flows.
  • Marketability studies for domestic and Mexican maquiladora assembly plants for MI Developments, a subsidiary of Magna International, an Ontario, and Canada-based auto parts firm.
  • Dana Corporation: Valued entire 300+ global portfolio of automobile assembly plants for Fresh Start Accounting purposes.
  • CenterPoint: provided counsel on valuation of entire intermodal and development enterprise for CalPERS, addressed business plans and long term growth prospects.
  • Conrail National Dock Branch Rail Corridor (New Jersey): Studied impact of Texas Eastern pipeline leases.
  • Red Sea Group– Server Farm Realty: Valued national portfolio of commercial data centers, helped arbitrate lease extension with Verizon.
  • Adaptive re-use studies for decommissioned power plants and tank farms for Dynegy, NRG and NuStar Energy.
  • Property tax appeals for Wind Capital, developer of largest wind farm in Missouri and Wacker Siltronic, largest semi-conductor plant in Oregon.
  • Adaptive Re-use study for Silver Cross Hospital complex in Joliet, Illinois.
  • BNSF Railroad: due diligence for potential acquisitions near St. Louis; valued entire Front Ranch rail corridor for possible swap with Colorado Department of Transportation.
  • Advised MacquarieCapital team in their bid to acquire Midway Airport in Chicago.
  • Enterprise valuations of proposed and existing renewable energy power generation projects including utility scale and commercial wind and solar power plants. Clients have included Castle & Cooke (Hawaii), Wind Capital, Rockford Solar, Wanxiang America, Foundation Wind, Horizon Energy and the Missouri University System.
  • Wood Products consulting clients have included Plum Creek, Pacific Lumber Co., Timber Investment Resources, Hancock Natural Resources, Timber West Forest Products of British Columbia, Port Townsend Paper, Roseburg Lumber, Hampton Affiliates of Portland, Longview Fibre and Brookfield Capital. Engagements included highest and best use analyses, and valuations of land, timber, mills and equipment.