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Real property appraisal and business valuation come together when the business is real estate, and these two distinct disciplines interact throughout the valuation process. Valuing Undivided Interests in Real Property: Partnerships and Cotenancies bridges the gap between these related but sometimes divergent fields, providing real property appraisers with a working knowledge of the conceptual and technical requirements of business valuation, and business appraisers with insight into the underlying real property and its appraisal techniques.
This practical text demonstrates the complete valuation process for a family limited partnership that holds real estate, and again for common tenancy ownership of the same property. It is a clear and straightforward analysis of a complex subject, and a valuable resource for appraisers, as well as accountants and attorneys, confronting the challenges of such interdisciplinary valuations.
About the Author
Dennis A. Webb, MAI, ASA, is the owner of Primus Valuations, a Los Angeles-based regional valuation firm. Primus is a member of the American Business Appraisers national network, a consortium of individually owned and managed business appraisal practices, which includes many nationally known valuation experts. Mr. Webb has been active in real estate appraisal since 1988 and in business valuation since 1994.