Real Estate Projects

Valuations for Financing

  • Valuations for hundreds of portfolio and single properties for conventional financing throughout the country.  We recently conducted a valuation of the business enterprise value of a rural based healthcare provider with a 25-bed critical access hospital, free-standing imaging centers, a free-standing surgery center, outpatient clinics, and a number of specialty service clinics for financing purposes
  • Valuations for hundreds of properties for the HUD 232 and 242 programs in 44 states for existing and new construction.
  • Valuations for hospitals to qualify for financing under the HUD 242 program.  We recently conducted a valuation of a 434-bed full service general acute care hospital for use by the bank and HUD for financing purposes under the HUD 242 program

For more information on Valuations for Financing, click here.

Market Studies

  • HUD compliant market studies for new construction facilities under the 232 program guidelines
  • HUD-compliant market study for a replacement nursing home in North Carolina
  • A market study for a proposed assisted living and memory care facility in Georgia
  • A market study for a complex proposed nursing home including traumatic brain injury beds

For more information on Market Studies, click here.

Real Estate Tax Issues

  • Valuations for numerous large hospital systems and individual facilities in Illinois to comply with the Illinois non-profit exemption charity care law.  Our analysis complied with Illinois Senate Bill 294 and was utilized to successfully keep non-profit status for all hospitals
  • Valuations for a national nursing home operator for appeal of their ad valorem assessments on several properties, in some cases resulting in valuations of less than half the assessed market value

For more information on Real Estate Tax Issues, click here.

Medicaid Rate Reimbursement – Capital Component

  • Engaged by a state to value approximately 300 Medicaid eligible nursing homes in the state on a cost approach basis for the capital component under its new Medicaid reimbursement program. This was a four-month process that involved visiting and valuing approximately 300 facilities.  We worked closely with the state bureau, its accounting partners and the state nursing home association

To view this as a PDF, click here.

Our clients have used Principle Valuation for valuations for purchase and sale transactions, compensation relationships, and support for tax purposes. They do straightforward and intelligent work, and are very responsive.

Scott Becker, Partner, McGuire Woods

We selected Principle because of their experience and reputation in the market. They are very knowledgeable about the industry, and particularly HUD financing. They were very thorough and hit their deadlines. Their appraisal went through HUD with no issues, which also made the borrower very happy.

Ken Buchanan, Senior Vice President and Chief Underwriter (Eastern Region), Walker Dunlop

Principle Valuation provides excellent valuations for ongoing healthcare enterprises, as well as placing values on the individual assets. They are very timely, reliable, have a solid understanding of the regulatory implications of their work, and are authoritative in the way they present their information.

Mike Anthony, Partner, McDermott, Will & Emery

Principle Valuation is far superior to any other valuation firm we have worked with. They are knowledgeable about businesses, real estate and equipment. And their reports are always right the first time.

Ken Doran, President and CEO, Spectrum Heatlh Partners


190 South La Salle Street, Suite 2900
Chicago, IL 60603