Real estate valuation and market analysis for an EB-5 luxury condo development project
An international real estate developer engaged Baker Tilly for valuation and market analysis services for an EB-5 luxury condo development project in Fort Lauderdale, Florida.
Client background
An international real estate developer undertaking a U.S.-based luxury condominium project in Fort Lauderdale, Florida, engaged Baker Tilly to provide valuation, pricing and feasibility advisory services in connection with their EB-5 Immigrant Investor Program application. The engagement included real estate valuation, market analysis, construction benchmarking and strategic guidance to help position the project for success under the EB-5 program.
Valuation services
Baker Tilly’s real estate valuation and advisory team provided a comprehensive suite of valuation services, including:
- A Uniform Standards of Professional Appraisal Practice (USPAP)-compliant valuation of the entitled, vacant land (as-is) and a hypothetical fair market value upon project completion.
- A highest and best use analysis for both the vacant land and the proposed development.
- Guidance in selecting a brokerage firm to market and sell the condominium units.
- A custom pricing model for each unit, incorporating unit size, floor, layout and orientation, view premiums and build-out variations, and projected revenue from parking and storage
Feasibility and construction analysis
To further assess the project’s viability, Baker Tilly:
- Delivered a construction analysis report assessing the reasonableness of the proposed schedule and budget.
- Benchmarked construction costs and validated key assumptions using local market data and developer interviews.
Results and impact
Baker Tilly’s deliverables—including a United States Citizenship and Immigration Services (USCIS)-compliant support package, USPAP-compliant valuation and detailed construction analysis—helped demonstrate the project’s feasibility and market viability. These insights enhanced the project’s alignment with EB-5 program requirements and positioned the luxury real estate development for successful execution.
Looking to strengthen your next development project? Baker Tilly delivers valuation, feasibility and EB-5 advisory services that help real estate developers move forward with confidence. Connect with us to explore how our insights can support your project’s success.
