Providing a Leading Global Investment Firm with High-Touch Valuation Services for a $10B+ Bond Portfolio

A leading global investment firm needed robust valuation support for its complex, $10 billion portfolio of bonds backed by commercial real estate (CRE) loans in the U.S. The assignment was quite complex in the size of the portfolio, the transitional nature of the underlying assets and the payout structure of the bonds. With its deep expertise, SitusAMC’s Debt & Securities Valuations team was asked to provide quarterly valuations for the non-investment grade bonds in the capital structure.  

SitusAMC assigned senior professionals with wide-ranging expertise to support internal and external financial reporting. The team provided a high-touch engagement, deploying in-depth CRE analysis and deep capital markets intelligence to perform thorough, accurate and efficient valuations. 

A consistent, proactive exchange with the client enabled a nuanced understanding of the portfolio. Close attention was paid to each  loan's narrative, including the property-level credit  and shifting market influences. With a portfolio exceeding 400 bonds—frequently updated with new additions—timely responsiveness was prioritized, including during high-pressure situations involving audits and last-minute financial inquiries. 

Valuations adhered to the principles of ASC 820, blending both objective data and interpretive insight to produce conclusions that could be substantiated and withstand scrutiny. Timelines were synchronized with the client’s financial reporting calendar to ensure deliverables aligned precisely with internal requirements and disclosure obligations. 

The initial engagement eventually expanded into an assignment encompassing a bond portfolio based on 400 CRE loans with a combined value of $10 billion. The client now relies on SitusAMC’s Debt & Securities Valuations team for the overwhelming majority of its valuation work, having established trust in the quality and consistency of the output. SitusAMC's independent third-party assessments have become integral to the lender’s communication with equity investors—clearly reflecting asset performance and portfolio strength. 

Through this collaboration, the client has been able to meet strict deadlines, address audit-related matters with efficiency and convey investment value in a transparent and credible manner. In a sector where precision and accountability are paramount, SitusAMC's debt and securities valuation process has reinforced the fund manager’s standing with stakeholders and supported the broader growth trajectory of its lending platform.