Select Properties & Projects
Braidwood Nuclear Power Plant, Illinois
Byron Nuclear Power Plant, Illinois
LaSalle Nuclear Power Plant, Illinois
Extensive valuations of real estate, machinery & equipment, and personal property for ad valorem taxation purposes.
International Paper Company
Ticonderoga, New York
REAC compiled going concern valuations based on analyses of paper industry trends and product prices, and by developing the industry cost of capital for capitalization purposes.
Federal Express Corporation
Fort Worth, Texas
In a three-week turnaround, REAC valued a 158-acre site adjacent to the runway of the Alliance Airport in Fort Worth, Texas. Subsequently, Federal Express purchased the property for their
Midwest regional hub for an amount $8 million less than the asking price.
Developed a comprehensive market analysis and appraisal for the thirty-five story office tower.
Harrah's Hotel and Casino
Atlantic City, New Jersey
REAC was retained by the defendant in a $700 million 1987 lawsuit regarding the value of the sale of a minority equity interest in this development as of May 1981. The defendant
prevailed in the litigation after a lengthy trial with the judge dismissing the case in 1991 with no damages awarded.
Provided the appraisal and testimony for a tax appeal case that was ultimately heard by the Ohio Board of Tax Appeals and affirmed by the Ohio Supreme Court.
Ohio and California Restaurants
Prepared appraisals for McDonald's on 15-year old IRS litigation concerning depreciation treatment of franchise sale prices and franchise payments. Dates of valuation in the
1970s presented REAC with a unique research challenge of obtaining time-relevant sales data. A federal court decision was ultimately made in McDonald's favor.
using REAC developed valuation methodology, the mall was appraised to isolate its real estate value. This was achieved by establishing the creation of business values in regional malls and quantifying
going concern elements into various components.
Canterbury Retirement Center
Crystal Lake, Illinois
Prepared highest and best use analysis of this 250-unit congregate care center developed around a golf course. Analysis considered demographic trends, income levels, supply of competing congregate care centers
and projected demand and rental levels for the property.
Michael Reese Medical Complex
Analyzed this 50 building complex containing 2 million square feet and 1,000 hospital beds on behalf of recent purchaser, Humana Corporation. Study included trends of hospital
development, bed supply, daily rates, state subsidy levels, profitability and industry outlook.
McHenry County, Illinois
Evaluated thirty-two area rock quarries helping McHenry County plan future tax revenues. Industry prices, production capacity levels, material
quality and sustainable production levels were studied to determine income streams.