01
A property-intensive PPA
When an ASC 805 allocation includes both real estate and operating-business value, and the components must be separated for audit, tax, and impairment purposes.
Most relevant service · PPA / ASC 805
When to call LHM
Six situations where a generic appraisal or a generic business valuation is not enough.
Use this page to assess fit before reaching out. If the matter you are scoping resembles one of the situations below, LHM is likely a useful conversation. If it does not, we will say so directly.
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02
A 409A with a complex cap table
When preferred rights, convertibles, SAFEs, secondaries, or contingent scenarios make a standard 409A insufficient, and OPM, PWERM, or Monte Carlo are on the table.
Most relevant service · 409A and Complex Securities
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03
A going-concern real estate matter
When the real estate cannot be valued without reference to operating performance: hospitality, senior living, healthcare, cannabis, specialized industrial.
Most relevant service · Going-Concern Real Estate
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04
An estate or gift involving a property-rich operating company
When holding companies, related-party real estate, fractional interests, and control / marketability questions all sit inside one estate.
Most relevant service · Estate and Gift Valuation
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05
An audit firm that needs a concurring or reviewing valuator
When an audit team needs an independent perspective on a third-party valuation, particularly on complex securities, ASC 350/360, or contingent consideration.
Most relevant service · Portfolio and Fund Valuation
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06
A dispute that crosses real-property and enterprise-value lines
When a litigation matter requires testimony or supporting analysis that integrates real estate appraisal, business valuation, and capital-structure analysis.
Most relevant service · Litigation and Dispute Support
If your matter does not fit
LHM declines engagements outside its scope.
LHM does not take residential appraisal work, vanilla 409As that don't need OPM/PWERM/Monte Carlo, small-business valuations with no real estate or capital-structure complexity, or matters where a single-discipline firm would do equally well. If your situation falls outside the six categories above, a short conversation usually clarifies whether LHM or a referral elsewhere is the better fit.
Talk through your situation
Most engagements begin with a 20–30 minute confidential conversation about scope, timing, and the right analytical path. There is no charge for an initial conversation.