Intangibles are the Real Thing
David C. Lennhoff
34 PROBATE& PROPERTY SEPTEMBER/OCTOBER 2004 Usually when a hotel or nursing home is sold, the total assets of the business are transferred. In such cases, the real property rarely is sold separate from the other assets unless distress is involved. Often, however, appraisers are asked to value just the real property componeen of the total assets of a business, particularly if lenders will lend or condemning authorities will compensate only on the real property component, or if the real property is...