BOGOTA - LIMA - CDMX
LOGAN IS AN INSTITUTIONAL REAL ESTATE VALUATION AND CONSULTING COMPANY, SPECIALIZING IN THE VALUATION OF INDUSTRIAL PROPERTIES, SHOPPING CENTERS, OFFICES, HOTELS AND RESIDENTIAL PROJECTS IN LATIN AMERICA.
A COMPANY SPECIALIZED IN THE VALUATION AND CONSULTING OF COMMERCIAL AND RESIDENTIAL PROPERTIES OUR DIFFERENTIATOR We adhere to the highest global commercial real estate valuation standards USPAP and IVS. Bryan L. Dragoo, founder, has the MAI designation from the Appraisal Institute and is a member of the Royal Institute of Chartered Surveyors (RICS). Logan has a multidisciplinary team with expertise in the valuation of real estate assets, valuation of portfolios, market and feasibility studies. CONFIDENTIALITY Logan is an independent valuation group built on an ethical foundation that maintains strict confidentiality with clients and their information. CUSTOMER SERVICE Communication is vital to us and our clients. Our appraisers and consultants are in constant contact with clients to understand and meet their requirements.
OUR SERVICES Our services are oriented to clients such as investment funds, banks, insurance companies, financial groups and foundations. In addition, we serve the needs of corporate clients, law firms, and tourism related operators and developers; always offering the highest level service and quality. VALUATION SERVICES Corporate Offices, Industrial Warehouses, Shopping Centers, Hotels Mixed - Use Projects Low Income Housing Projects, Master-Planned Communities Agricultural and Forestry Land, Subdivisions Discounted Cash Flow Analysis Replacement Cost Valuation Market Rent Analysis Property Tax Analysis SERVICE IS FUNDAMENTAL. FOR THIS REASON WE ARE IN CONSTANT CONTACT WITH CLIENTS AND INVESTORS IN ORDER TO PROVIDE SERVICE THAT EXCEEDS EXPECTATIONS. Antara, Mexico City. CONSULTATION SERVICES Highest and Best Use Studies Competitive Analysis Customized Market Studies Feasibility Studies PCA Property Condition Assessment MARKET DATA PLATFORM Customized market research for a planned project Institutional platform for large institutional client needs Trends analysis and projections
OUR PROJECTS VALUED TERRANUM INVERSIÓN (PEI) / COLOMBIA 58 Assets OFFICE, RETAIL, INDUSTRIAL, AND MIXED-USE PORTFOLIO LOGAN has supported Terranum Inversión in their annual valuations for acquisition and financial reporting purposes for the last four years. The institutional portfolio of assets represents some of the largest consolidated single and multi-tenant assets throughout Colombia. Siemens Industrial Project -. FIBRA (LARRAIN VIAL) / PERU 18 Assets OFFICE, RETAIL, RESIDENTIAL HOUSING AND LAND LOGAN completed the valuations of the FIBRA portfolio in Peru over the past two years, including a partial interest valuations of each. The multidisciplinary team was able to cover a wide variety of asset types and geographic locations throughout Peru and effectively execute within a limited timeframe. We interfaced with KPMG and EY during the auditing process for all the valuation reports delivered. Ed. Fibra WB - Lima, Peru.
PORTFOLIO - BTG PACTUAL Retail and Office / 4 assets Colombia Titan Plaza-. Zéntral - Guadalajara, Mexico. PORTFOLIO - TC LATIN AMERICAN PARTNERS Housing Projects / 20 assets Colombia, Peru, Mexico PORTFOLIO - VIVA MALLS Shopping Centers / 14 assets Colombia Viva Mall - Barranquilla, Colombia. Oxo 69, Holiday Inn Express -. Ed. San Martin -. Parque La Colina -. PORTFOLIO - SURA ASSET MANAGEMENT Retail, Office, Industrial, Hotel / 22 assets Colombia PORTFOLIO - FONDO INMOBILIARIO COLOMBIA Office and Retail locations / 15 assets Colombia PORTFOLIO - PARQUE ARAUCO Land, Office and Retail locations / 15 assets Colombia
ARTICLES What Are The Impacts of Stratified Ownership in Real Estate? LinkedIn, January - 2017 Colombia: Nuevo Mercado Inmobiliario en Crecimiento en América Latina Inmobiliare, August - 2014 Panorama de Inversión Colombia Inmobiliare, April - 2014 Colombia Debe Mejorar en Infraestructura Portafolio, May - 2011 La Importancia de Una Buena Valoración Para Invertir en Inmuebles La República, June - 2012
CONFERENCES GRI Club Member 2017 Mexico, June 20-21 / Colombia, September 6-7 New York, March 30-31 RECON Latin America, ICSC New financing sources for the real estate market Bryan L. Dragoo - Panelist April, 2014 Cartagena, Colombia Andean Institutional Real Estate Forum Colombia Real Estate Funds Perspective Bryan L. Dragoo - Moderator Peru Real Estate Funds Perspective Bryan L. Dragoo - Moderator June, 2015 World Office Forum Institutional Real Estate Latin America Forum Colombian Real Estate Opportunities for Fund Managers Robert L. Dragoo - Moderator April, 2015 New York, United States Mixed Use Projects Bryan L. Dragoo - Moderator July, 2015
OUR TEAM
BRYAN L. DRAGOO, MAI, MRICS FOUNDER AND MANAGING PARTNER Logan establishes the valuation standard, by consistency in quality and service. Bryan s experience as an appraiser for more than 10 years in the USA and Latin America, make him an expert in the valuation of commercial assets and residential projects. His vision is to provide the highest level of customer service while applying international valuation standards, in order to provide confidence to investors. His experience includes valuations of corporate offices, distribution centers, shopping centers, limited service hotels, residential projects and mixed-use projects. In addition, Bryan has provided custom consulting services such as market, highest and best use and feasibility studies. His clients are REITS, private investment funds, banks, insurance companies, financial groups, international corporations and law firms. He distinguishes himself through his expertise in the investment market and discounted cash flow analysis. Since 2012, he has resided in Colombia and overseen appraisal teams performing valuation and consulting assignments regionally. His international experience, qualifications and credentials ensure a service that exceeds client expectations. EXPERIENCE LOGAN, Managing Partner Institutional Valuation & Advisory Services Bogotá - Colombia, 2013 - Current Colliers International, Director Valuation & Advisory Services Bogotá - Colombia, 2012-2013 Colliers International, Senior Appraiser Valuation & Advisory Services Phoenix - Arizona, 2010-2011 MV Consultants, Senior Appraiser International Real Estate Valuation & Consulting Mexico, 2006-2010 PICOR, Industrial Specialist Commercial Brokerage Tucson - Arizona, 2002-2004 CERTIFICATIONS AND DESIGNATIONS Appraisal Institute, MAI - USA Royal Institute of Chartered Surveyors, RICS - England. Registro Nacional de Avaluadores RNA - Colombia Registro Abierto Avaluadores A.N.A AVAL-411981 APPRAISAL INSTITUTE COURSES Advanced Income Capitalization Advanced Concepts and Case Studies Income Capitalization I and II Sales Comparison Approach Cost Approach and Land Valuation. General Market Analysis and Highest and Best Use USPAP (Uniform Standards of Professional Practice) Basic Valuation Procedures Valuation Principles and Advanced Applications Report Writing and Advanced Analysis
ROBERT L. DRAGOO, MBA, MAI, RICS CO-FOUNDER AND PARTNER Integrity and confidentiality are the foundation of our reputation. Robert is a Partner at Logan Valuation, an independent, Latin American-focused, real estate valuation group specializing in institutional clients, and portfolios of commercial property. Robert currently manages the valuation of real estate portfolios in Colombia, Peru, and Mexico. Robert has spent his career in the commercial real estate industry and has experience in development, banking, and consulting. He is a member of the Appraisal Institute. Robert graduated from Thunderbird School of Global Management and obtained his MBA in 2012. While at Thunderbird, he attended COPPEAD in Brazil, and focused his studies on private real estate investment in Latin America. EXPERIENCE LOGAN, Partner Institutional Valuation & Advisory Services Mexico D.F / Colombia, 2013 - Current Deloitte FAS, Manager Real Estate Valuation & Consulting Mexico, 2012-2013 Montaña Verde, Independent Consultant International Real Estate Valuation & Consulting México, 2006-2012 Aspen Group, Associate Vice President Real Estate Private Equity, Development Arizona, 2003-2006 First National Bank of Arizona, Loan Officer Phoenix - Arizona, 2002-2004 CERTIFICATIONS AND DESIGNATIONS Appraisal Institute, MAI - USA COURSES Advanced Income Capitalization Advanced Concepts and Case Studies Income Capitalization Sales Comparison Method Valuation Basic Procedures Valuation Principles and Advanced Applications Reports Writing and Valuation Analysis USPAP ( Uniform Standards of Professional Practice) Valuation Ethics
CARLOS NEUHAUS JUNIOR PARTNER, PERU The quality and consistency of our valuations is provided through the experience and efficiency of our team. Carlos is a Junior Partner of the Logan office in Peru. He holds a degree in Administration from the University of Lima and has almost 7 years of experience in the Peruvian real estate sector, both, in Lima and in the provinces. He has established solid relationships with important Peruvian real estate companies and investment funds, allowing him to understand the investment activity and perspective locally and internationally. Carlos has provided consulting services ranging from market research, fundraising, and project management. This has given him unique insight into the development process and real estate financing. In addition, he has provided valuation services of rural and urban land, corporate offices, shopping centers, and residential projects throughout the country. EXPERIENCE LOGAN, Junior Partner Institutional Valuation & Advisory Services Lima, Peru, 2015 - Current Corporación de Asesores, General Manager Real Estate Projects Lima, Peru, 2008-2015 Ingeniería Corporativa SA, Senior Consultant Consulting Lima, Peru, 2005-2008
CRISTINA GARCÍA SENIOR VALUATION SPECIALIST We strive to make the valuation process as smooth as possible for our clients. This requires special attention to our clients needs and a determined focus on meeting deadlines. Cristina has been working with Logan Valuation since 2013 and has acquired experience and knowledge valuing different property types, always maintaining a high level of ethics and confidentiality. Previously, she worked for 6 years as a loan officer and real estate broker in the United Estates, gaining exposure to the real estate business. Currently she retains her RNA certification in Colombia, and has completed a variety of local and international valuation courses on commercial real estate valuation. As a senior appraiser she completed valuations of large retail shopping centers, office buildings, industrial warehouses and large tracts of land for institutional investors and corporate clients. She is responsible for the coordination of the valuation team and execution of high volume portfolio valuations. In addition, her functions include gathering property documentation, inspections of properties, processing and reviewing income and expense data, and completing discounted cash flows. EXPERIENCE LOGAN, Senior Valuation Specialist Commercial Properties Bogota - Colombia, 2013 - Current REMAX REAL ESTATE, Sales Professional Residential Properties Bogota - Colombia, 2010-2013 SHERWOOD MORTGAGE, Loan Officer Residential Properties Naples - USA, 2004-2010 COURSES AND CERTIFICATIONS Basic Appraisal Principles (Appraisal Institute) Basic Appraisal Procedures (Appraisal Institute) USPAP (Appraisal Institute) Urban and Rural Appraisal Principles and Procedures (Universidad Católica) Income Capitalization (Sociedad Colombiana de Valuadores) Sales Comparison Method (Sociedad Colombiana de Valuadores) Financial Analysis I and II (Sena) Loan Officer (Learning Real Estate) RNA (Registro Nacional de Valuadores) No. 3466
DIEGO RODRÍGUEZ REGIONAL DIRECTOR OF MARKET RESEARCH AND CONSULTING Quality market data and consistent application of internationally recognized methodologies provide the foundation for healthy growth in Latin America. Diego is the Regional Director of Research and Consulting covering Colombia, Peru and Mexico. He has almost 10 years of market research experience, six of them focused on the real estate sector, where he has advised the investment decisions of companies of all types including investment funds, multinationals, developers, private investors, among others. Likewise, he has developed studies on the real estate market for the general public whose results have been published in some of the main magazines and newspapers in Colombia. It is his vision to provide the best level of service possible to the client with the aim of helping them make the best real estate decisions. At the same time, he strives to contribute to the growth and maturity of the real estate market in general throughout Latin America. His experience includes the development of feasibility studies, market studies, location studies, economic analysis and trend analysis focused mainly on commercial, corporate office, industrial, mixed-use projects, along with urban and rural lot subdivisions, among others. EXPERIENCE LOGAN, Regional Director of Research and Consulting. Bogota - Colombia, 2017 - Current CUSHMAN & WAKEFIELD, Research and consulting market coordinator for Colombia Bogota, 2011-2017 GURÚ DIGITAL, Manager/ Sr. Reasercher Bogota, 2009-2011 PROXIMITY-BBDO, Account Manger Bogota, 2009 DASIGNO, Account Executive Bogota, 2008-2009 IN TOUCH-JWT, Jr. Reasercher Bogota, 2008 IMPORTANT ASSIGNMENTS Office Market Study. Bogota, 2016 Corporate Client Feasibility Study Development Lot Av. 26 Bogota, 2015. Public Utility Retail Center Market Study. Colombia, 2013 Technology Company Feasibility Study Retail Center. Medellin, 2014 Investment Group Retail Convenience Store Market Study Colombia, 2014. Distribution Company Industrial Market Study. Bogota, Cali and Barranquilla, 2012. Industrial Manufacturing
DEDICATED TEAMS
LAND, TECHNICAL STUDIES Arq. FRANEDUARD MORENO - Certified architect and zoning specialist, focused on residential, mixed-use, and development projects. Experience in design and construction of residential and commercial projects. Eng. JORGE MEDINA - Specialist in agricultural and rural properties and industrial parks. Certified Engineer from Pontifica Universidad Javeriana de Bogota, with experience in construction of residential projects, commercial projects, and infrastructure. INDUSTRIAL DAVID YEPES - Industrial specialist focused on industrial parks, build to suit industrial projects, and zonas francas. Experience with Argus Enterprise Software, studied marketing and International Business. NATALIA FAILLACE - Industrial market research assistant. Researches market trends, including rents, vacancy, and comparables. OFFICE KAREN GÓMEZ - Office specialist focused on Class A office projects in Colombia. Focused on the valuation of office buildings, floors, and projects. Studied International Business and has Experience with Argus Enterprise Software. MAYERLY SUÁREZ - Office market research assistant. Researches market trends, including rents, vacancy, and comparables. RETAIL CRISTINA GARCÍA - Senior Valuation Specialist, RNA certified Appraisal Instituted courses, with 4 years of experience in the commercial valuation and management of portfolios. She is currently in the process of obtaining her A.N.A. Experience with Argus Enterprise Software. DIANA TIBADUIZA - Valuation analyst focused in retail valuation market trends and financial modeling in process of RNA designation. Currently studying marketing. Experience with Argus Enterprise Software. HOTELS RESIDENTIAL PROJECTS OSCAR HERRERA - Senior valuation specialist focused on residential and hotel properties. Certified Financial Analyst from the University of Connecticut with experience in cash flows analysis for commercial and residential developments in Colombia, Mexico and Peru. Experience with Argus Developer Software. ANDRÉS ROBAYO - Valuation assistant focused on providing support for residential and hotel valuations in Colombia, Mexico and Peru. Performed market analysis and Valuations for residential properties in Latin America with special focus in the Mexico.
OUR CLIENTS The consistent communication we maintain with clients assures excellence and quality in the service we provide. Bryan L. Dragoo, MAI, RICS
INVESTMENT FUNDS / DEVELOPERS CORPORATE
REFERENCES Terranum Inversión (PEI) Jairo Corrales Investment Fund Manager Kiruna Capital Partners German Rojas Fund Manager Nexus Capital Partners Fuad Velasco Juri Fund Manager Péntaco Gabriel Florez Fund Manager TC Latin America Partners Luis Santana CFO New York, USA Building Block Partners Mauricio Ortiz Fund Manager BTG Pactual Eduardo Romero Fund Manager and Merchant Banking Medellin, Colombia Fondo Inmobiliario Colombia Luis Alfonso Díaz Director KPMG Ruben Luengas Director, Valuation Mexico City, Mexico Base Property Group Álvaro Jaramillo Partner Sura Asset Management Andrés Alvarado Managing Partner Parque Arauco Juan Pablo Romero
Bryan L. Dragoo, MAI, MRICS Managing Partner bryan@loganvaluation.com Office phone: +57 (1) 467-4717 Mobile: +57 (313) 411-7340 Robert Dragoo, MBA, MAI, MRICS Partner robert@loganvaluation.com Office phone: +52 (55) 4164-9855 CDMX, México Office phone: +57 (1) 467-4717 Mobile: +57 (310) 565-0175 Carlos Neuhaus Junior Partner, Peru carlos@loganvaluation.com Office phone: +51 (1) 314-7780 Mobile: +51 98153-7133 Lima, Peru www.loganvaluation.com