Weyerhaeuser Portfolio Valuation for Acquisition
Project: Evaluate 40 separate assets in Maryland and Virginia comprising the Mid-Atlantic portion of their land portfolio to support the client in a $1B+ bid
Seller: Out of Market Public Homebuilder
Highlights: Fraser Forbes evaluated the net present value of 40 assets in various stages of entitlement, development and construction. The valuation of the assets was part of a larger national effort to purchase a large REIT. The assets were scattered across 2 states and 8 jurisdictions and included spec homes, model homes, developed land, raw land and unentitled land.
Crum Farm Highest and Best-Use Strategy and Project Marketing
Project: Develop a land plan to generate the greatest land value in the City of Frederick, Maryland, and address existing market conditions and project financial constraints
Highlights: Fraser Forbes worked to develop a land plan utilizing a mix of products that generated the greatest amount of land value while attempting to segment the housing types to best speed absorption. This process included undertaking a development cost exercise as well as organizing a value engineering workshop. Once a “best fit” plan was created, the plan was negotiated through the city staff.
CEA Assemblage Highest and Best-Use Strategy and Project Marketing
Project: Evaluate and develop a strategy for creating the greatest amount of value for a 27-acre metro-centric property owned by 10 individual group owners in Reston, Virginia
Seller: Center for Educational Associations (CEA)
Highlights: Fraser Forbes undertook an exercise that included creation of a unified business plan, market and legal analysis, land planning, development, construction, and project phasing to determine the highest and best-use redevelopment potential. We also created a marketing strategy to successfully execute a transaction of great complexity.
Simpson Oaks Project Management and Marketing
Project: Project management in Howard County, Maryland for an out-of-town owner
Seller: Greenfield Partners
Highlights: Fraser Forbes acted as the owner’s local representative for the purposes of planning and engineering the project, the first of its kind in a new and complicated zone in Howard County. We guided the planning and engineering team as the owner negotiated with county representatives to gain plan approval.
Potomac Landfill Business Planning, Marketing and Asset Repositioning
Project: Coordinate the application preparation for expansion in Prince William County, Virginia
Seller: Potomac Landfill
Highlights: Fraser Forbes worked as a part of a team that included land planners, structural engineers and attorneys to prepare the application and justification to the Commonwealth of Virginia and the Town of Dumfries for an expansion of the Potomac Landfill that would ultimately triple the amount of landfill volume remaining at the facility and add as much as $50M in revenue over the life of the life of the landfill. Our efforts included developing a proposed plan for the adaptive re-use of the site once the landfill is closed.