Valuation and Advisory Services

MJN Enterprises, Inc. specializes in appraising all types of property and land. We produce custom, consistent appraisal reports across the U.S. market for:

• Office buildings and properties
• Industrial buildings and properties
• Retail buildings and properties
• Apartments buildings and multifamily properties
• Senior living buildings and properties
• Hotel, lodging and hospitality buildings
• Recreational buildings and properties
• Other special-purpose buildings and properties

Specialty Services

• Portfolio valuation
• Real estate market and feasibility analysis, including rent and demand studies
• Site analysis and selection
• Property and lease comparables, including lease review
• Due diligence
• Property tax assessment review, property tax appeals, real estate tax implication analysis
• Valuations and analysis of property for right-of-way, eminent domain, easements
• REO and foreclosure evaluation
• Valuations of property for financial reporting, including goodwill impairment, impairment or disposal of long-lived assets, fair value and leasehold valuations
• Valuation of property for insurance, estate planning and trusteeship, including fractional interest valuation for gifting and IRS purposes
• Litigation support, including expert witness testimony
• Business and partnership valuation and advisory services, including partial interests

Multi-Family:

• Market study identifying student housing demand to assist the University of Arizona as it added about 2,000 beds through public and private partnerships.
• Market study for a private developer. While the total market was over 10% vacant, the study identified unmet demand for Class A apartments in certain submarkets. Recent apartment complexes that were developed leased-up rapidly, confirming both projected unmet demand and the identified bifurcated market between Class A and Class B/C apartments.
• Appraisals and market studies of two complexes acquired for renovation, financed through community grants, home funds and tax credits, in addition to a bank loan.
• Appraisal of a proposed assisting living complex near the inflection point of a recovering market.

Office/Industrial:

• Appraisals of 1 million + S.F. manufacturing facilities, including development of a national database of similar properties and trend analyses.
• Appraisal of a signature building occupied by a national non-profit organization.
• Appraisal of a historic office building/bank branch with excess land in the CBD.
• Appraisals of proposed and existing surgery centers.

Retail:

• Consulted with the regional mall owners throughout de-malling, retenanting, and subsequent sale.
• Appraisals of a retail/restaurant/office mixed use complex from re-tenting through re-stabilization.
• Appraisals of retail/restaurant/office mixed use/adaptive re-use of CBD buildings.

Churches and Schools:

• Appraisals of the largest Greek monastery outside of Greece.
• Appraisals of several charter schools, both proposed and existing.
• Appraisals of eight closed elementary schools and a school district headquarters.

Land:

• Appraisal of the land under an existing urban hospital.
• Appraisals of several utility transmission and fuel pipeline corridors.
• Numerous appraisals of residential, new urban/smart growth mixed use, and office park subdivisions.