Limited Partnership Interest Valuation
Limited Partnership Interest Valuation is a resource guide to publications which
focus on valuation of limited partnership interests and related topics.
|
|
Each entry below includes
the source organization and a link to its website, a description of the resource and its
primary features, and indicates any information that is accessible free online.
For a comprehensive listing of books, publications, and other resources which focus on
business appraisal, intangible asset appraisal, and related financial and economic topics,
see Business Valuation Books and Publications.
|
To learn more about our other resource guides, please see the
site map or search by keyword using the search
box at the upper right.
Comprehensive Guide for the
Valuation of Family Limited Partnerships
Partnership Profiles, Inc., 3rd edition, 2006
200+ page book is a step-by-step guide that illustrates how to use closed-end fund, REIT,
and public limited partnership data to value privately-held FLP interests. Third edition
includes the results of a new study on how much of a discount for marketability is imbedded
in public data, as well as two new studies on how to objectively support a discount for
lack of marketability. Table of contents available free online.
PPC Guide to Business Valuations
Practitioners Publishing Company, annual updates
Co-authored by Jay Fishman and Shannon Pratt, this comprehensive three-volume guide takes
readers through each step of an engagement and includes a case study to illustrate each
method and the related issues. Topics covered in Chapter 14 include overview and formation
of FLPs, valuation methodology, procedures, and examples, discounts for lack of marketability,
IRC Chapter 14 considerations, and recent case decisions. Detailed table of contents available
free online.
Executive Summary Report on
Partnership Re-Sale Discounts
Partnership Profiles, Inc., annual
20-page report provides a detailed analysis of the current state of price-to-value discounts
based on the prices at which minority interests in real estate partnerships traded in
the secondary market, together with a historical look at discounts. Summary reports price-to-value
discounts for each partnership included in the survey as well as average price-to-value
discounts for five categories including: (i) equity - distributing (low to no debt); (ii)
equity - distributing (moderate to high debt); (iii) equity - non-distributing; (iv) undeveloped
land; and (v) triple-net-lease.
Partnership Profiles Minority
Interest Discount Database
Partnership Profiles, Inc., annual
Interactive database provides access to valuable market data compiled in connection with
annual Partnership Re-Sale Discount Surveys. Includes an interface enabling appraisers
to quickly access market data on more than 300 real estate partnerships.
Valuing Undivided Interests
in Real Property:
Partnerships and Cotenancies
Dennis A. Webb, MAI, ASA, Appraisal Institute, 2004
Publication bridges the gap between real property appraisal and business valuation, providing
real property appraisers with a working knowledge of the conceptual and technical requirements
of business valuation, and business appraisers with insight into the underlying real property
and its appraisal techniques. This practical text demonstrates the complete valuation
process for a family limited partnership that holds real estate, and again for common
tenancy ownership of the same property.
|
|
|
|
|
|
