C-Terminal is a fully-improved, crane serviced deep water front industrial site located on a 19.28 parcel of land leased from the Greater Lafourche Port Commission. The property has been developed as a multi-use and multi-tenant terminal with a specific and purposed position toward direct support of deepwater offshore oil and gas exploration and production industries.  Our appraisal methodology included a traditional land/site valuation with due analysis of comparable sales and leases of deep water industrial sites from comparable ports across the region, as well as an income approach which analyzed a significant overall net operating income sourced to traditional 3rd party lease agreements and also service contracts in place.  Accordingly, our appraisal allocated market value between real property, personal property and business enterprise sourced to the permitted and stabilized nature of the property as a multi-tenant deep water industrial piece.