Real Estate Advisory

Before you Buy

Acquisitions and Portfolio Purchases

Pre-Acquisition Tax Exposure Analysis

Acquisition Due Diligence

Corporate M&A & Asset-Heavy Transactions

Bankruptcy & Distressed Bidding

Stalking Horse and Credit Bids

Equity & Debt Origination

Fund Formation & LP Reporting

Financing & Lender-Required Valuations

Before You Sell

Dispositions & Portfolio Sales

Pre-Marketing Tax Liability Assessment

Sale-Leaseback Transactions

Post-Closing Appeal & Reassessment Strategy

Ground Lease & Leasehold Assessment Appeals

Lease Encumbrance and Income Reframing

Partnership Dissolution and Asset Division

Insurance Valuation & Replacement Cost Review

While You Own It

Quarterly NAV & Fund Reporting

REIT Asset Level Tax Exposure

PILOT Agreement Audits and Renegotiation

Multi-Jurisdiction Coordination and Strategy

Confidential Second Opinions

Post-Acquisition Baseline Assessment

Refinancing and Debt Service Coverage Analysis

Inherited Portfolio Health Check

Tertiary and Illiquid Market Specialists

Assets Without Comparable Sales

At Cost. Confidential. Delivered at Deal Speed.
Before you buy it, sell it, bid on it, finance it or fight over it you should know what it is actually worth and what it is actually costing you and less visible profit opportunities

An appraisal tells you what someone paid.

Internal valuation tells you what you want to hear.

We tell you what it's actually worth.

Track Record

Morgan Stanley and

Lehman Backed

Enterprises

M&A Underwriting

Auctions

Bankruptcies

Distressed

Private Equity

Alden Global
Versa Capital

Whatever Your Last Advisor told you it was worth

There was more to know

There is always more

Investment Grade Valuation Intelligence

This is not an appraisal service. It is the 360 degree view that tells you whether your values and appraisals are right and what the real opportunity or exposure looks like before you commit. We are a reality check on property value and the tax assumptions with it at closing and corresponding budget forecasting.

The Risks You Need to Know

Every deal has an optimist in the room. Usually several. We are not those people.

We are an outside, unbiased opinion built around one discipline: finding what is wrong with a valuation before someone else finds it for you. The vacancy. The obsolescence. The liquidity problem. The market that does not exist for this asset. We bring the worst case so you can price the risk before you own it.

The Opportunities Nobody Else Sees

Where others see a vacant building or a stranded asset, we see land value, alternative use potential, and liquidity that most advisors cannot find because they have never operated in these markets. Real estate is real estate. Every asset class has an alternative use when markets turn. That view is never a priority for appraisers focused on the stabilized case or underwriters focused on the deal closing. It is always a priority for us. Some of the most valuable work we do happens in the final days before close. Surplus assets disposed of to fund the transaction. Environmental and entitlement liabilities properly priced for the first time. Carrying costs that change what the deal is actually worth. Some deals close because someone found the value in the assets nobody wanted. That is usually us.

Closing the Gap

We have spent 25 years helping buyers and sellers find the number that makes a deal work / or the number that proves it does not. The gap between bid and close is where the real money is made.

We know exactly where to look.

The Numbers

The Low Case.
The High Case.
The Vacant Case.
The Fire Sale Case.
Stabilized. The Perfect World Case.
Our Favorite: Alternative Use, Risk Analysis, and Timeline.

The Recommendation

The Likely Case. With a position. Not a range designed to avoid one.

Who This Is For

Acquisitions and Dispositions The tax liability is buried in the financials. The assessments have not been challenged in years. The appraisal used the government's number and nobody asked if it was right. Know your tax liability before the buyer's team does.
M&A and Corporate Transactions Legacy assessments on both sides. Manufacturing facilities massively over-assessed. Equipment never properly separated from real property value. The deal looks clean until someone reads the tax schedule. We read it first.
Bankruptcy and Distressed Creditor committees. Debtors in possession. Stalking horse bidders. Timelines that do not accommodate a six month appraisal process. The gavel does not wait. Neither do we.
Equity and Debt Underwriting The tax burden quietly grew and is now compressing debt service coverage. The assumption came from the appraiser and nobody challenged it. The appraisal used the assessment. Nobody asked if the assessment was right.
Portfolio Management and Reporting Quarterly NAV. REIT reporting. Fund managers needing a clean baseline before the next capital raise. Whatever the last manager told you about the tax exposure. Get a second opinion.

What You Get

Asset value. Vacant case, stabilized, value-add, user-sale, fire-sale, land value, alternative use.
Tax liability. Current exposure and realistic reduction range.
Our recommendations. Not scenarios designed to avoid a position. Built around your parameters, timeline, and deal structure.
25 years inside special purpose and capital intensive properties most advisors have never been inside.

Why Assembly

Not optimists for hire. Not a national firm running the same playbook on every asset.
A real estate practice that has spent 25 years inside the most capital intensive, most complex, most frequently mis-valued properties in the country. Huge portfolios. Tertiary markets. Obscure assets. Pre-screened about as fast as your call.

Pricing

At cost. Per asset. Per portfolio. No retainer. No hourly. No invoice for a meeting where nothing happened.