Advisory
BBG offers valuations and audit support for financial reporting, cost segregation, insurance valuations and valuation consulting.
The advisory services practice includes developing independent third-party valuations for:
- ASC 805 Business Combination/ASC 805-50 Asset Allocations
- ASC 852 Bankruptcy and Fresh Start Accounting
- ASC 360 Impairment of Long-Lived Assets
- Portfolio valuations for Fair Value Reporting
Advisory Services – Audit Support
BBG provides testing and review of real and personal property valuations under AS 1105 – Audit Evidence and AS 1210 Using the Work of a Specialist. Our testing includes:
- Appropriateness of valuation methodologies employed
- Support of assumptions
- Accuracy of calculations
- Reasonableness of fair value conclusions
Observations and conclusions are presented in a well-documented memo highlighting key issues and concerns.
The Advisory Services team is composed of valuation professionals with significant public accounting experience. These professionals are familiar with the needs and reporting requirements of the accounting industry and can deliver cost effective, well supported valuations and audit memos.
Louis Yorey, MAI, MRICS
Senior Managing Director
Advisory Practice Leader
Louis is the Senior Managing Director and Practice Leader of Advisory for BBG in New Jersey. He has over 25 years of experience in real estate valuation specializing in assignments for financial reporting and REIT acquisitions and conversions. Portfolios valued range from several assets to several thousand assets nationally and internationally.
Prior to joining BBG, Louis served as Managing Director in the Financial Instruments, Structured Finance and Real Estate Group of Pricewaterhouse Coopers (PwC). Valuation assignments include ASC 805 valuations, REIT conversions, corporate planning and FIRPTA issues. Valuation and consulting assignments have included investment grade properties in the local, national and international markets. Property types valued include industrial, office, hotels and retail centers as well as land and residential subdivisions. Responsible for business development internally and externally, business strategy for the practice and technical guidance.
Bundled Services
One-stop shop for valuation + assessment services.
Our Services
Valuation and Assessment Services
- Market study
- Feasibility
- Zoning reports
- Environmental studies
- Title
- Surveys
- Property condition reports
- Appraisals
- Strategic advisory
Advisory Services
- Portfolio valuation
- Organization design and governance
- Financial reporting
- Lease audits
- Tax appeal
- Monitoring
- Cost segregation
- Refinancing
