In any negotiation, every party must look out for their vested interest. The ValueLock concept presented by Legendary Acquisitions allowed both parties to amicably agree on a current valuation while also considering the future growth potential we saw in the asset. Every deal is unique, but we would absolutely consider entertaining this concept again.
Our team has decades of experience determining realistic, fair property valuations. We base our valuations on extensive market analysis, property performance history and educated assumptions regarding future market supply and costs. But we realize certain situations and assumptions are difficult to accurately predict and agree upon. This can result in a gap between our valuation and your expectations.