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Select Properties & Projects

Commonwealth Edison

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

Mansfield, Louisiana
Jay, Maine
Ticonderoga, New York
Gardiner, Oregon
Riegelsville, Pennsylvania

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.

Marietta Tower Atlanta, Georgia

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.

Kroger Headquarters Cincinnati, Ohio

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.

McDonald's Corporation 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.

Woodfield Mall Schaumburg, Illinois

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 Chicago, Illinois

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.


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