A local lender has engaged The McEnery Company on multiple occasions to provide both AS IS and Prospective Market Value conclusions of St. Theresa’s in Kenner, LA. St. Theresa’s is a Long Term Acute Care Hospital (LTACH) with a total of 42 licensed beds. In each case, our appraisal required the determination of the market value of partially complete building areas requiring analysis of the market demand for delivery of additional beds. Our analyses incorporated fully developed competitive market analysis related to supply and demand factors specific to LTACH beds in this market. The assignment also required a determination of the Real Property value tied to the St. Theresa’s Long Term Acute Care Hospital (LTACH), as well as a reconciliation and measurement of any Business Enterprise Value tied to the operation and licensed status of the facility. Our analysis also included valuation of extensive areas of excess land.
