Case Studies » Cortland Partners

The Process Works: 27% Increase Reduced to 6%, Then Less Than 1%

The Bottom Line

Why choose a turn-key, comprehensive approach like Pinnacle, built on the ability to exhaust every avenue for relief? Because a strategy that requires midstream cost/benefit decisions and multiple rounds of capital investment can undermine decision-making and warp an owner’s perspective of what constitutes a good deal.


Prior Year Value:

$46,250,000


Initial Value:

$58,507,396


ARB Value:

$49,134,000


Final Value:

$46,700,000


“Pinnacle consistently provides tax savings that would have never been recovered using a more traditional approach.”

“Pinnacle consistently provides tax savings that would have never been recovered using a more traditional approach.”

NOI is at its highest when property taxes are at their lowest – period. By eliminating midstream cost/benefit decisions, Pinnacle consistently provides tax savings that would have never been recovered using a more traditional approach.

— Jonathan Gilstrap, Pinnacle Property Group

The Client

Cortland Partners is a multifamily acquisitions, renovation and development company with properties in 10 states. Cortland’s collective experience stretches beyond 85,000 living spaces and $8 billion in real estate activity.

The Results

The reduction obtained at ARB was the result of a Market Value analysis based on market rent, occupancy, and cap rate review, coupled with an Equal & Uniform analysis based on the tax assessment of comparable properties.

On appeal in district court, the evidence did not magically improve; instead, this further reduction was the direct result of the process Pinnacle applies across its portfolio.

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