Fri, Jul 21, 2023

How Much is Your Management Company Worth in a REIT Roll-up Transaction?

This article published by GlobeSt.com is an update to our studies performed in 2014, 2016 and 2019 that explores management company valuations from the following perspectives:

  • Why it is important to convert to internal management prior to a REIT going public
  • The reasons why a manager has value in a roll-up
  • Historical trends regarding management company valuations in REIT roll-up and internalization transactions
  • Examination of valuation multiples implied by precedent internalization transactions of management companies by equity REITS
  • The use of a discounted cash flow analysis to value management companies
  • Factors that impact the values of management companies

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