Corporate Campus and Redevelopment While a corporate headquarters may entail one large specially built office building, a corporate campus typically comprises multiple buildings or a variety of occupancy types (office, research, manufacturing, processing) at one location that act together as one economic unit in support of the corporation. They frequently have centralized support, amenities, and other internal functions. Frequently, headquarters and campuses have sizable buildings and frequently cover dozens and sometimes hundreds of acres of land. They frequently have expenses to build special improvements and finishes; therefore, their cost new can be unusually high. Consequently, if their highest and best use remains as a headquarters or campus, then their values will likely be high. Conversely, if the company that developed the headquarters or campus no longer needs them, given the nature of the special purpose improvements, the headquarters or campus may suffer substantial functional and or economic obsolescence. Therein lies the basis of appraisal challenge and of valuation disputes. Federal Appraisal regularly testifies to its appraisals on these types of issues. Federal Appraisal has appraised dozens of corporate headquarters or campus in the United States for a variety of purposes and uses. Federal specializes in appraising corporate headquarters or campus that include: Research and development Wet/dry laboratory space Warehouses and manufacturing processing buildings Office Buildings of all different types Power Plants and Power Plants that serve corporate campuses Excess and surplus land, water frontage, water rights, rights of way and easements Do not hesitate to contact us at Federal Appraisal LLC at 908-534-3590 or mark@federalappraisal.com for any questions or needs you may have!

Special Purpose Property Appraisal Federal Appraisal, LLC appraises special purpose properties, worldwide. We appraise electric power assets and facilities (generation, transmission, and distribution), telecom facilities, railroad assets, water and sewer facilities, and government and military properties. Federal Appraisal provides services for all types of utility properties, for IRS and SEC reporting purposes, property tax appeals, investment and lending underwriting, and other purposes.

Appraisal of Hospitals, Nursing Homes, Senior Appraisal of Public Buildings, Land, and Religious Buildings/Institutions Federal Appraisal is specially qualified to appraise public and religious buildings because we have decades of experience conducting complex cost analyses for such properties and many of our other complex property specialties. We have years of experience appraising: municipal buildings, public buildings, parks, and special land improvements churches, temples, mosques, and other types of religious buildings public infrastructure and utilities schools, colleges, orphanages, and dormitories stadiums, theaters, and arenas hospitals land marked properties special land and land rights, rights of way, easements, and conservation easements Appraisals may be needed for a variety of purposes, including: acquisition or disposition due diligence condemnation litigation insurance underwriting damages GAAP accounting

Appraisal of Hospitals, Nursing Homes, Senior Housing Hospitals, medical offices/practices, nursing homes, and senior housing are often classified as special purpose properties. Furthermore, these assets often entail a combination of business intangibles, personal property (machinery, equipment, fixtures, and furnishings), and of course, real property. Depending on the purpose and use of the appraisal, these asset characteristics will be critical to the scope of work of the appraisal. Because of our uncommon expertise in business appraisal, personal property appraisal, and real property appraisal, Federal Appraisal LLC is uniquely qualified to appraise hospitals, medical offices/practices, nursing homes, and senior housing. Our appraisals of hospitals, medical offices/practices, nursing homes, and senior housing have been used for numerous purposes including: financing, development, feasibility, marketing investing due diligence, acquisition, disposition, equity, and debt tax management, property taxes, income taxes, and sales and transfer taxes gift and estate planning litigation tax and investor reporting, IRS, depreciation, cost segregation, purchase price allocation, and ASC 805