A hangar ROI framework for institutional allocators: what you are actually buying, the return model, and why the returns are structural rather than lucky.
Read the paper →Adequate consideration, Revenue Ruling 59-60, the GreatBanc process standard, and the FBO and repair-station normalizations generalists miss.
Read the paper →A credit framework for remaining lease term versus loan amortization, reversion risk, financeability, and the SBA 504 and 7(a) pitfalls.
Read the paper →Operating value, levels of value, and the discounts for lack of control and marketability when selling a stake in an aviation business.
Read the paper →Nine structural forces reshaping aircraft hangar valuations, from fleet modernization and institutional capital to PFAS stigma and advanced air mobility.
Read the paper →How asset specificity and reversion without compensation create hold-up risk that raises capitalization rates on airport hangar ground leases.
Read the paper →A component-level framework for physical, functional, and external depreciation in hangar appraisal, including the door-system problem.
Read the paper →How runway length, aircraft compatibility, and competitive geography drive aircraft hangar value.
Read the paper →The most common and costly hangar valuation mistakes, from treating hangars as warehouses to mispricing ground leases, and how to avoid them.
Read the paper →Valuing closely held hangar entities for estate and gift tax: reversion clauses, DLOM and DLOC benchmarks, and defensible discounts.
Read the paper →A portfolio-theoretic case for hangars as a low-correlation, inflation-hedging real asset for insurance and institutional portfolios.
Read the paper →A portfolio case for aviation hangar real estate as a diversifying allocation for endowments and the Yale-model institutional investor.
Read the paper →GIPS compliance for hangar and aviation private-equity portfolios: appraisal smoothing, leverage, carve-outs, and the AREPS protocol.
Read the paper →Hangars with a history of AFFF firefighting foam can carry PFAS contamination that lenders and appraisers must price in.
Read the paper →Most hangars sit on leased airport land and revert to the sponsor at lease end. Remaining term, not replacement cost, drives value.
Read the paper →GASB 87 reshaped how government-owned airports account for hangar, terminal, and ground leases. Here are the lease-receivable pitfalls.
Read the paper →