Valuation and Feasibility

Real Estate Valuation

Province Consulting Group provides a wide range of services surrounding our expertise in the Healthcare and Senior Living Industry.  Real Estate Appraisal and Valuations are provided for the following property types:

    • Acute-Care;
    • Psychiatric Hospitals (neurobehavioral);
    • Residential Treatment Centers;
    • Drug and Alcohol Centers;
    • Skilled Nursing;
    • Assisted Living;
    • CCRCs
    • Independent Living/Active Adults

Expertise is also wrapped around our experience with ownership and management of healthcare operations, as well as the processing of Joint Commission applications, development of memory care and neurobehavioral programming including dual diagnosis (memory care and neurobehavioral services), as well as consulting services that include medical standards of care and regulatory expertise.

Marketing Feasibility

A Market Feasibility study determines whether a real estate market can support a particular development. Market areas can be defined as a ring, zip-code area and/or irregular area depending on the location of the Project. Market areas may also be defined by drive time.

Province Consulting Group has over 30 years of experience, determining market areas, assessing competitive factors and providing solid documentation for demand, penetration rates and assets from the sale of a home. Tracking our Market Studies has proven that our models are based on solid analysis that leads to successful projects.

Financial Feasibility

Financial Feasibility Studies determine at what point the development is profitable and is wrapped around development costs and market parameters (unit mix, pricing and programming). Province provides Financial Feasibility Studies that are bench-marked against real-time parameters such as staffing costs, and current operating costs (based our experience managing facilities and valuating facilities over 30 years).

Market Feasibility and Financial Feasibility Studies (all aspects of senior housing and healthcare) include the following:

    • Skilled Nursing;
    • Assisted Living;
    • Independent Living/Active Adult;
    • Psychiatric (neurobehavioral); and
    • Drug and Alcohol Rehabilitation (In-Patient and Out-Patient)

Expertise is also wrapped around our experience with ownership and management of healthcare operations, as well as the processing of Joint Commission applications, development of memory care and neurobehavioral programming including dual diagnosis (memory care and neurobehavioral services), as well as consulting services that include medical standards of care and regulatory expertise.

Bank/USDA/HUD
and SBA Valuations

Typical clients for valuation services include Banks, USDA, HUD and SBA. Our services follow the guidelines of FIRREA (Financial Institutions Reform, Recovers & Enforcement Act) and USPAP (Uniform Standards of Professional Practice). In addition, market valuations and market feasibility studies follow guidelines associated with Freddie Mac (Federal Home Loan Mortgage Corporation), FNMAE (Federal National Mortgage Association) and HUD – MAP (U.S. Department of Housing and Urban Development).

Eminent Domain /
Partial Takings

Eminent Domain is the states power to take private property without the owner’s consent (termed “condemnation”).

While most condemnation cases are settled through negotiation, having a well-documented appraisal report strengthens your negotiating position. If the case in not settled, our professionals can serve as expert witnesses to defend the opinion of value.

Partial Interest Valuations

Province provides partial interest valuations that include Family Trusts, General and Limited Partnerships and Stock Ownership (shares of stock). Province also provides valuation for privately held business interests (stock and partnership units, etc.), as well as partial interest in ownership to support claims on estate or gift tax returns, as well as Tax Appeal Valuations. 

Estate Valuations

Estate valuation is the process of calculating the value of a gross estate for federal estate tax purposes. The Internal Revenue Code provides for two values: the “date of death” value or the “alternate valuation date” value. Estate valuation can be complicated by the inclusion of additional owners and must address lack of liquidity and lack of marketability.

Tax Appeal Valuations

In most states, real estate is taxed based upon its market value as of a certain date. Usually the value is set as of January 1 of each year. States have laws relating to the process and how each county tax auditor go about the business of property taxation. It is important for the appraiser to understand how to separate out the going-concern value from the real estate value in order to provide a value tax-appeal appraisal. Province has extensive experience in providing tax-appeal appraisals that consistently breakout the real estate value.