Partner Engineering and Science, Inc. formed a new real estate valuation firm called Partner Valuation Advisors that will be led by commercial real estate industry leaders. Brandon Nunnink and Eric Enloe will serve as co-founders and senior managing directors, according to a press release.
The pair are based in Chicago and bring more than 40 years of combined valuation and advisory experience including valuing more than $2 trillion of assets. They said they are driven by a vision to build Partner Valuation Advisors as a technology-forward advisory firm to serve the needs of investors, lenders and real estate occupiers.
“Partner’s goal is to make real estate investing easier, faster and safer for our clients. Bundling the appraisal with the Phase I Environmental Site Assessment and Property Condition Assessment makes the process easier and faster,” Partner founder and CEO Joseph Derhake said in the release. “When the reports match and address issues in a concerted way, the client will see more intelligent advice. Brandon and Eric enjoy national reputations that instantly make our practice a trusted national valuation firm. We are actively hiring technology-focused appraisal talent around the country.”
The need for accurate and rapidly deployed asset evaluations is critical today to make smart investment and lending decisions in this volatile market. Investors continue to allocate record levels of capital into commercial real estate, and increasingly complex transactions require a high level of expertise.
“Partner Valuation Advisors will offer a fresh, tech-forward advisory approach from day one, allowing us to produce high quality, customized valuation solutions quickly,” Nunnink said. “Our process of data aggregation and the potential for dashboard client deliverables differs from legacy firms that are entrenched in an outdated style of operations that can be less efficient. Historically, we have valued some of the largest and most complex assets in the U.S. and providing a seamless client experience is paramount among our goals for the firm. We are also intent on creating an innovative and collaborative culture that appeals to both seasoned valuers and the next generation of real estate professionals.”
Partner said it plans to accomplish that by introducing valuation advisory leaders into the mix earlier in the process so it can leverage their decades of industry experience to produce actionable plans.
“We share a similar vision as Joe and everyone on the Partner team and believe that by marrying valuation experts with the industry leaders in due diligence and ESG [Environmental, Social, Governance], we can deliver even more value to investors evaluating institutional-level portfolio transactions, as well as complex CRE projects, whether that be office towers or retail malls,” Enloe said. “This is the first time a valuation firm is being paired with a team that delivers ESG expertise, and we think that will appeal to investors seeking to leverage that sustainability and resiliency knowledge into smarter investment decisions.”