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