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PPI Products

Partnership Reports List:

Closed-End Fund Guideline Reports - Price to NAV ratios are updated as of August 31, 2024 - The Tax Court and the IRS have stated that comparisons using closed-end mutual funds are particularly persuasive for the valuation of FLP's that own marketable securities. The Stock Closed-End Fund Report covers 40 equity funds that own domestic, international, and real estate securities. The Fixed Income Closed-End Fund Report covers 38 bond funds that own government, corporate and municipal fixed income investments. Order a Guideline Report that provides detailed information about closed-end funds. Click here to see a SAMPLE description from a report. These reports can be used to quantify the discount for lack of control (DLOC). Each report will be emailed in PDF format instantly and includes a detailed description of each fund, its distribution policy and investment objective. The annual and monthly Price to NAV ratios (1 - DLOC) for each fund are also included for each of the past 5 years. The Price to NAV Ratios in each report are updated within the first week of every month. The summaries within the reports are updated annually at the end of April after each Closed-End Fund releases its 10K Annual Report. These reports have so much information, they can be used for several appraisals. Save research time and provide empirical evidence to support your appraisal.

Buy a Closed-End Fund Guideline Report for $295 per report.

Closed-End Fund Guideline Reports List:

Comprehensive Guide for the Valuation of Family Limited Partnerships and LLCs - 6th Edition - Partnership Profiles is pleased to announce the release of the 6th edition of Comprehensive Guide for the Valuation of Family Limited Partnerships and LLCs. It includes all new updates since the 5th edition released in 2017.

This 300-page book is a step-by-step guide on valuing noncontrolling interests in privately-held FLPs and LLCs using best practices.

This Best Practices guide for valuing noncontrolling interests includes the following:

• 5 New Case-Study Valuation Examples
  • stocks, bonds and money market investments
  • income producing real estate
  • nonincome producing real estate
  • multiple asset types - marketable securities, real estate and promissory notes
  • oil/gas mineral interests
• Updated Study on Market Pricing of Liquidating Noncontrolling Real Estate Interests
• Employing the Best Empirical Data in a Valuation and the Best Valuation Method
• Revised and Updated Section on calculating Discounts for Lack of Marketability
• How to Value General Partnership Interests
• How to Handle Multi-Tiered Partnerships (stacked discounts)

The book includes all of PPI's annual Partnership Re-Sale Discount Studies published from 2016-2020. This is a comprehensive update and many of the changes are based on the authors' experience handling IRS audits regarding discounts for lack of control and marketability. For more information, see the Table of Contents. You can order the 6th Edition for $195.

Sample Appraisal Reports - Invaluable for Report Writing - For many years, Partnership Profiles has offered data and research for the valuation of family limited partnerships. We have been asked numerous times to provide Sample Appraisal Reports that demonstrate how to use the data and explain the methodology in a report format. So, we are pleased to offer four different Sample Appraisal Reports for sale - Report #11 Income Producing Real Estate, Report #12 Marketable Securities, Report #13 Mixed Assets and Report #14 Nonincome Producing Real Estate. For information about each report, see FLP Sample Appraisal Reports . Get a jump start on writing your report by using these samples as a template or improve your existing reports. Buy a Sample Appraisal Report.

Sample Reports List:

2024 Discount for Lack of Marketability Study - Newly Updated This study provides objective rate of return measures for implementing the Johnson/Park Empirical Method for determining a discount for lack of marketability for the valuation of interests in privately held corporations and partnerships. Practitioners often apply a fixed discount for lack of marketability without regard to the resulting effect on the rate of return. This practice is inconsistent with the fundamental concept of valuation which equates risk and reward. To determine the size of the discount, three studies were conducted to measure the increase in return required to compensate investors that hold nonmarketable versus marketable securities or investments with longer term risk horizons. The report includes the following sections:

• Discussion of DLOM and Rates of Returns
• Study 1 - Private Equity vs. Public Equity Returns
• Study 2 - Restricted Stock Returns
• Study 3 - Long Term vs. Short Term Bond Horizons
• Summary
• Application/Example
• Conclusion

This data was the basis for BVR's recent webinar, "Using the Empirical Method for Determining DLOMs" and has been presented at the AICPA, NACVA and ASA Business Valuation conferences. The report will be emailed in a PDF document upon purchase and includes an example to demonstrate how to apply the study.

Buy Online Now for $295.

2024 Rate of Return Study - Newly Updated - The Rate of Return Report is one of the most popular reports. This 15 page study provides detailed information about historical rates of return for real estate entities such as publicly-held limited partnerships and REITs. The report not only provides the detailed information, it also explains the basis for the calculations. The information provided in this report is useful when calculating a discount rate using the Income Approach to value FLPs that hold real estate. The rates of return for limited partnerships and nonlisted REITs include expected returns for distributing, non-distributing, high debt and no debt partnerships. The calculation of the real estate risk premium using the most current data is also included. Get the most recent rate of return data by ordering today and the report will be emailed in PDF format to you for only $295.

Note: Guideline Reports cannot be added to a bundle after ordering but must be ordered individually.

2024 Minority Interest Discount Database only - Subscribe now and receive instant online access to the Minority Interest Discount Database. This online database can be queried from your desktop to identify detailed real estate limited partnership and REIT data on more than 400 publicly held real estate programs. The 2024 edition includes access to historical prices and financial data on actively traded real estate limited partnership and REIT interests. Click Here to see how this information can be used. This online database is designed for appraisers to determine discounts for the valuation of noncontrolling interests in real estate entities such as Family Limited Partnerships (FLPs) for tax related appraisals. (Note: This product does not include the Executive Summary Report on Re-Sale Discounts as in previous years but can be bundled with Partnership Profiles Guideline Reports at significant discounts, as shown above.) Buy Online Now for $575 for fastest processing.