Fri, Jul 21, 2023

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

Download the Report

This article published by 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

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Fairness Opinions

#1 ranked provider of fairness opinions for boards of directors and special committees.

Real Estate Advisory Group

Leading provider of real estate valuation and consulting for investments and transactions.

Kroll Real Estate Solutions at a Glance

Real Estate

As the leading independent provider of risk and financial advisory solutions, Kroll leverages our insights, data and technology to provide Real Estate companies the foresight they need to create value, minimize risks and make confident decisions.

Learn More