Financial Reporting Valuation
Users of financial statements should be aware that valuation for financial reporting purposes, which is performed to comply with the U.S. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), has its own set of intricacies.
Professionals at Level Valuation understand the intricacies of estimating fair value and the importance of fair value estimates for users of financial statements. Members of our team have spent numerous years working at accounting firms performing valuations for financial reporting purposes, and this hands-on experience ensures that we have the necessary skills and perspectives to assist clients in estimating fair value for their investments in real estate and the instruments secured by real estate. Level Valuation approaches these valuations from the mindset of the reviewer, such as an auditor or a regulatory body (Public Company Accounting Oversight Board, Securities and Exchange Commission, et al.). Level Valuation’s main goal is to enhance and streamline the valuation review process for all stakeholders, and as such, our deliverables clearly outline the methodology used, support for key assumptions, and document the rationale used to arrive at fair value estimates.
Our professionals have experience with the major property types in every major U.S. market and along the entire capital stack. In addition, our professionals have general real estate appraiser certifications for all states where our professionals provide an opinion of value for real property.
Our practical experience, enable Level Valuation to provide financial reporting valuation services which include:
Portfolio Valuation (ASC 820 for equity and debt)
Purchase Price Allocation (ASC 805)
IFRS Valuation (IFRS 13 for equity and debt)
Portfolio Valuation
Level Valuation’s portfolio valuation practice offers alternative investment mangers the ability to accommodate the needs of all stakeholders (i.e., auditors, limited partners, etc.). Our professionals have broad experience valuing illiquid assets such as real estate and instruments secured by real estate along the capital stack in accordance with Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, and the Uniform Standards of Professional Appraisal Practice (USPAP).
Our deliverables are specially tailored to enhance and streamline the review process for all stakeholders. They clearly outline the methodology used, provide support for key assumptions, and document the rationale used to arrive at fair value estimates. We have regular access to market participants and their insights, as well as access to relevant market data. We use this information in our deliverables to provide support for our key assumptions, thereby enhancing and streamlining the review process.
We have substantial experience valuing the following types of illiquid investments:
Real estate (every major property type in every major U.S. market)
Real estate portfolios
Equity positions
Loans (senior and subordinated)
Loan portfolios (performing, non-performing, and sub-performing)
Purchase Price Allocation
Level Valuation’s professionals have experience with the major property types in every major U.S. market. Understanding the challenges and intricacies of the various property types, as well as requirements under the Accounting Standards Codification Topic 805, Business Combinations, allows us to assist clients in accounting for asset acquisition transactions.
We have substantial experience in performing purchase price allocations for the following property types:
Multi-family
Hospitality
Healthcare
Retail
Office
Self-storage
IFRS Valuation
Level Valuation’s International Financial Reporting Standards (IFRS) valuation practice assists foreign-based corporations with real estate investments in the U.S. or U.S. real estate owners who obtained foreign-based financing. Our professionals have broad experience valuing real estate and liabilities associated with real estate involving every major property type in every major U.S. market, in accordance with IFRS13, Fair Value Measurement, and Uniform Standards of Professional Appraisal Practice (USPAP).