Real Estate Valuation
Every year, Wellspeak Dugas & Kane completes at least 150 valuation assignments. The firm annually has a total appraised asset value of about $1 billion. WD&K’s specialty areas span the range of commercial property including shopping centers, corporate parks, apartment buildings, golf and recreational facilities, hotels and industrial complexes. Most of the firm’s valuation assignments center in New England, primarily in Connecticut. However, the company’s golf and recreational projects extend across the US.
Wellspeak Dugas & Kane clients include private owners and developers; local, regional and national lending institutions; corporations; insurance companies and municipalities.
WD&K offers tax advisory services to municipalities and property owners seeking to correct inequities in their real estate valuations for ad valorem tax purposes.
Golf Advisory Services
The principals of Wellspeak Dugas & Kane have appraised more than 2,000 golf-related properties for owners, lenders, law firms, municipalities and potential investors since the early 1990’s. In addition, the Golf Advisory Group has facilitated $100 million in golf course sales, including the $20 million purchase of the Hamlet Golf Clubs in Long Island, NY and provided assistance in several lease negotiations, including the Rockland Golf Club south of Boston, MA.
The Golf Advisory Group is headed by company principal Jeffrey R. Dugas, MAI, SGA, who has been active in commercial real estate since the mid 1980’s. His expertise lies in providing advisory services to the golf industry on a national basis, with a focus on the East Coast. Mr. Dugas completes more than 70 golf assignments annually having worked in more than two dozen states, and on notable clubs like Shinnecock Hills, National Golf Links, The Bears Club, Friars Head and Westchester Country Club, to name a few. Mr. Dugas has also testified as an expert witness in dozens of court cases where he helped solidify the methodology used to value golf courses for tax certiorari.
Real Estate Consulting
WD&K is quick to understand the dynamics of a market, and make well-supported projections from years of experience, a wealth of data and an extensive list of contacts in various industries. Our knowledge has been tested in all aspects of real estate consulting, from feasibility and Highest & Best Use studies, to litigation support, tax work, loan/appraisal review, estate planning, partnership disputes and investment sales. The information WD&K gathers helps clients make productive business decisions on behalf of their companies and shareholders. Our services include:
- Appraisal Review
- Investment Analysis
- Market and Feasibility Studies
- Advisory Services – Acquisitions
- Cash Flow Modeling
- Partnership Disputes
- Ad Valorem Valuation
- Litigation Support
- Condemnation Valuation
- Estate Planning
- Market Rent Studies
- Minority Ownership
WD&K also assists regional law firms with litigation, with one or more of the firm’s partners standing in as an expert witness. Through its knowledge of the valuation process, WD&K helps counsel, cross-examine and challenge the opposition’s witnesses.
Lodging & Hospitality
The Hospitality Group at Wellspeak Dugas & Kane, LLC is headed by William E. Kane, Jr., MAI. Over the past five years we have undertaken 85 hospitality assignments encompassing the valuation of over 7,700 guest rooms. This included valuations of limited service, select service and full service hotels as well as conference facilities and extended stay hotels. Our clients include financial institutions, private clients and attorneys for estate planning, financing, assessment appeals and to test financial feasibility of proposed developments. Our geographic region includes Connecticut, Massachusetts, Vermont, New Hampshire and Rhode Island as well as suburban counties of New York.