We have consulted on hundreds of millions of feet of commercial property
and hundreds of thousands of multi-family residential units in every
part of the Chicago Metropolitan area, 40 states and Canada. Our
knowledge base and files go back 40 years. It is a resource and a
foundation for many additional studies.
• Carson Pirie Scott
Law firms include:
• Kirkland & Ellis
• Piper Marbury
Projects include full and partial takings (surface, subsurface,
aerial easements) involving the City of Chicago, Metropolitan
Pier & Exposition Authority, O’Hare Airport, Commonwealth
Edison and IDOT.
Appraisals are often for trust departments of major institutions,
including Bank One and Northern Trust. Assignments include date
of death appraisals, charitable/family gifts and 1031 exchanges.
Experience includes single asset holdings to multi-state/multi-property
appraisals for portfolios exceeding one billion dollars.
ARC is on the approved list for the majority of high volume financial
institutions in the Midwest (Bank One, LaSalle, CIB, First Midwest,
etc.) plus community banks (Albany, New Century, Delaware Place
Bank, etc.). Experienced with HUD’s MAP program, FNMA DUS/Freddie
Mac, life companies and pension fund reporting requirements.
Clients also include ARCs, Reilly, GMAC, Glaser, Green Park,
Capri, Columbia National, Prudential and Kensington.
Full range of services including market studies, rent, expense
and complete appraisals for multi-family, assisted living and
skilled care facilities. Experienced with HAP contracts, vouchers
and mark to market. Tax credit experience includes real estate,
intangibles and discounts.
Replacement cost new analysis with typical insurance exclusions
for loss assessment purposes. Coverage analysis and due diligence
for condominium homeowners associations, property owners and
Litigation support, depositions and expert testimony experience
for bankruptcy, construction defects, environmental, detrimental
conditions, condemnation, zoning, boards of review, municipal
planning commissions, superfund/CERCLA sites. Law firms include
Arnstein & Lehr
McDermott, Will & Emery
Neal Murdoch & Leroy
• Piper Rudnick
Rinella & Rinella
• Sonnenschein Carlin Nath et al
Developers retain us during economic planning to optimize investment
returns, determine highest and best use and testify before zoning
boards and community groups. Research includes floor plan design
and pricing strategies. HUD MAP market studies for pre-application
packages and rent comparability studies for Section 8 renewals.
Appraisals are used to assist in settling partnership disputes,
buyouts, buy/sell agreements, options, IRS, estate planning and
divorces. Assignments often require analysis of fee and minority
interest discounts. Expert witness services provided.
Assignments range from single market to multi-state portfolios.
Property expertise includes office, industrial, retail, industrial
and multi-family. Assignments include initial acquisition, financing,
quarterly/annual financial reporting and exit strategies. DCF
software tools includes Argus, Pro-Ject and DynaLease.
Independent, unbiased, professional analysis including:
• Desk reviews
• Pricing strategies
• Market research
• Comparable sale or lease data
• Exit strategies
• Yield analysis
• Peer group analysis
• Intelligent conversations
Compliance with current HUD Rent Comparability Study guidelines
for project based Section 8 buildings including family and senior
properties throughout Illinois.
Unbiased, professional expertise to all sides of the process. We
have successfully worked with owners, cities/municipalities,
counties and state agencies. Particular expertise in Corporate
HQ facilities and unique assets.
1031 Tax Exchange
Explosion in the use of this vehicle has created opportunities
and risks for owners. Services follow the ownership life cycle
from initial acquisition to exit strategies. Experience includes
brand name retailers such as Walgreen’s, Best Buy and Office
Max as well as industrial, office and multi-family properties.