By definition, real estate portfolio companies own and manage multiple properties. The portfolio may be concentrated in one city or region, or, conversely, spread out over various states or across multiple global locations. When a broader portfolio exists, it can be a challenge for larger companies in this industry to determine the accurate and up-to-date fair value of their portfolios.
For certain businesses, a formal appraisal may either be required for financial reporting or a deeply entrenched…
