Eastdil Secured
More than $3 billion of hospitality, office, and mixed-use transactions modeled for institutional sponsors and lenders.
Property & transactions
Independent valuation & appraisal
Valuation
built for
scrutiny.
Business, real estate, and securities valuation from one credentialed practitioner: independent valuations and appraisals for estate and gift reporting, M&A transactions, financial reporting, and litigation, with the property and the business handled in one engagement.
Manhattan Beach, California Real property + enterprise value
The LHM approach
One principal sees
the full picture.
Complex assignments rarely stop at the property line or the balance sheet. LHM brings real estate appraisal and business valuation together, with direct principal involvement from the first conversation through delivery.
01 / Services
Start with
the decision
in front of you.
The purpose of the valuation shapes the work. Explore the services that fit your matter.
Talk through your situation 01 Real estate &
operating businesses
When property and operations contribute to the same value, each needs its own analysis and the two have to reconcile in one report. Hotels, senior living, healthcare, licensed cannabis facilities, and specialized industrial properties are the usual cases.
02 M&A transactions &
financial reporting
LHM values businesses and assets for acquisitions and for the reporting that follows: pre-transaction valuation, ASC 805 purchase price allocation, intangible assets and contingent consideration, post-close impairment analysis, and ASC 820 portfolio valuations built for audit review.
03 Estate & gift planning
LHM prepares business, property, and ownership-interest valuations for estates and gifts of any size: a single commercial property, a closely held company, a large planning portfolio, or fractional interests, with discount analysis that holds up to IRS review.
04 Equity & complex securities
LHM values common stock and complex securities when preferred rights, convertibles, SAFEs, secondaries, or contingent outcomes require a closer look at the capital structure, using OPM, PWERM, Monte Carlo, and lattice models where they apply.
05 Litigation & disputes
LHM provides expert witness damages analyses, testimony, and consulting expert work in valuation disputes, with attention to the interest being valued, the valuation date, and the evidence behind the conclusion.
02 / Experience
Experience across
the entire assignment.
Brian's background spans institutional property transactions, corporate finance, and complex valuation. That perspective informs every LHM engagement.
AECOM
Chief of Staff to the Chief Financial Officer, with exposure to corporate finance and capital-structure decisions.
Business & capital
Senior Vice President, 2014 to 2026
More than 250 valuation engagements directed: purchase price allocations, 409A and portfolio valuations, M&A transaction work, and expert witness damages analyses.
Analysis & review
Selected areas of Brian Allen's professional experience, including work before founding LHM.
Brian Allen Principal & founder
03 / About
Work directly
with Brian.
The principal who scopes your engagement stays close to the work.
Brian Allen founded LHM around the assignments that draw on more than one discipline. He brings 15 years across institutional commercial real estate, corporate finance, and business and securities valuation.
CaliforniaCertified General Real Estate Appraiser
American Society of AppraisersCandidate, Business Valuation
04 / Insights
A closer look
at what drives value.
Practical guides and technical analysis for business owners, attorneys, CPAs, and finance teams.
Explore all insights 409A & Complex Securities
When the last round isn’t valuation truth.
In 18 months, OpenAI was “valued” at $157 billion, $300 billion, $500 billion, and $852 billion, through a primary, a structured round, an employee tender, and a recapitalization. Backsolve still works, but the era when it could work casually is over.
Insight Valuation & TaxAfter Olympic, casual blending in operating-asset valuation got harder to defend.
The California Supreme Court’s August ruling didn’t make general headlines, but for hotels, healthcare, senior housing, and any other operating real estate where intangibles run alongside the building, it settled what the separation of property from business has to rest on: evidence specific to the property, not a method assumed to work.
Insight Equity Compensation & ASC 718The volatility haircut.
A small change in volatility moves indicated value materially. That is why the line between “judgment” and “value management” gets watched so closely, and why the most expensive mistake is the one that was never explained.
Insight05 / How an engagement runs
Clear scope,
clear communication.
The same sequence on every engagement, whether it is a single appraisal or a matter that crosses both disciplines.
What to expect when you writeScope in writing
A short conversation about purpose, valuation date, and who will rely on the report, then a written scope with the timeline and fee before any work starts.
One organized request
A single document request built for the engagement, with targeted follow-up only where the records raise a question.
Progress you can see
Updates at agreed milestones, and a call about significant findings or any change to scope or timing.
A walkthrough, then the report
A walkthrough of the report and its key assumptions, with the timing agreed during scoping, so the people who rely on the conclusion understand it.
Let's talk
Start with
your situation.
A brief conversation can clarify the scope, timing, and right approach. There is no charge for an initial discussion.
Based in Manhattan Beach
1230 Rosecrans Avenue, Suite 300
Manhattan Beach, CA 90266
Please share a general description of the matter and your timeline. Communications through this site are not privileged, so hold confidential documents until an engagement letter is in place.