2012 was an event-filled year for Marshall & Stevens, as we celebrated 80 years in the valuation business and added several key financial, real estate, equipment, leasing and cost segregation valuation professionals to our team. We also added numerous new clients and tackled more than a few unusual, interesting and challenging domestic and international assignments in a variety of industries.
In 2012, we experienced robust growth in the area of renewable energy project valuations. Our renewable energy industry work included structured finance analyses (sale/leaseback and multiple investor lease structures) for lenders and investors, purchase price allocations for US (FASB ASC 805) and international (IFRS 3) financial reporting compliance and cost segregation analyses for federal tax reporting and Treasury grant applications.
Marshall & Stevens relies on its clients as well as numerous audit, tax, legal, finance, transaction advisory and insurance professionals across the US, to entrust us with the analyses they require to complete hundreds of transactions every year.
To those who engaged us or referred clients to us in 2012, Thank You.
Look for updates from us throughout 2013
Our Selected 2012 Engagements
PATRICK T. CRAIG, MAI, MRICS
Joins Marshall & Stevens
Marshall and Stevens is proud to announce the addition of a national player in the real estate valuation and consulting industry.
Patrick T. Craig, MAI, MRICS has joined the M&S team in our New York office and brings with him a wealth of experience to the current senior staff at the firm.
Mr. Craig entered the real estate business in 1986. Prior to joining Marshall & Stevens, he lead the Northeast valuation practice for Colliers International, while running the firm's Portfolio Valuation Group and Business Innovation Committee and serving on the firm's Global Leadership Team. Previous to Colliers International, he spent almost two decades with Cushman & Wakefield in numerous leadership roles including co-leader of its Valuation Group, as Chairman of the firm's Business Innovation Committee and as member of the Global Business Inititives Council. Preceeding Cushman & Wakefield, he held real estate appraisal positions at Dorman & Wilson and European American Bank.
Founded in 1932, Marshall & Stevens has been a recognized leader in the valuation of real estate for decades. The path we have chosen to take in the valuation of real estate, quality over quantity, has meant that we do not compete with the mass appraisal organizations to put out the most reports for the lowest fees. We have chosen thoughtfulness over self-populating models and professionals on our staff reflect that philosophy. We believe it to be very important to house all major valuation desciplines within our firm: financial, real estate and machinery & equipment.
M&S provides real estate consulting services to some of the top corporations in America and has been involved in some of the most recent complex transactions in the US with real estate as a core competency. Recently, we provided: the value opinion that settled a dispute between two invesment partners and their financing sources in an $8 billion development project; fairness opinions to multiple REITs for significant portfolio transactions performed purchase price allocations of a variety of domestic and international real estate assets for cross-border corporate acquisitions; and expert testimony on ad valorem cases for some of the largest companies in the US.
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