Brian Chandler Joins Partner Valuation Advisors to Lead National Senior Housing Practice

Senior Managing Director to Participate in National Leadership Team

April 3, 2023, Chicago – Partner Valuation Advisors, a national commercial real estate valuation advisory firm, appointed Brian Chandler, MAI, CRE, FRICS, as Senior Managing Director. Based in Raleigh, North Carolina, Mr. Chandler will lead its Seniors Housing practice, focused on conducting appraisals, market studies, large portfolio engagements, and consulting assignments for properties on a national basis. He will also be a member of the firm’s national leadership team.

Since launching in September 2022, Partner Valuation Advisors has completed more than 700 valuations across 40 states with an aggregate commercial real estate value exceeding $20 billion. The Chicago-based, technology-forward firm has grown to more than 50 employees in 20-plus markets nationally, making it one of the fastest-growing commercial real estate valuation advisory companies in the U.S. Partner Valuation Advisors serves investors, lenders, REITS, investment funds, and real estate occupiers.

Partner Valuation Advisors’ Senior Managing Director Eric Enloe, MAI, CRE, FRICS, said, “Brian is one of the country’s most respected valuation experts for seniors housing assets. He is counted on to produce actionable intelligence to guide investment decisions by owners and developers, insurance companies, pension fund advisors, government agencies, commercial lending institutions, and investment companies.”

Mr. Chandler brings more than 30 years of commercial real estate experience. Prior to Partner Valuation Advisors, he most recently served as Managing Director for JLL Valuation and Advisory, overseeing the Seniors Housing team for more than six years in Dallas, TX. In 2022, the team was responsible for valuing in total aggregate market values of over $45 billion in seniors housing assets, which was approximately 10% of the total seniors housing market capitalization. Earlier in his career, he served in Managing Director/Partner roles at Integra Realty Resources in Dallas.

Mr. Chandler has worked for some of the top owners and developers, institutional investors, government agencies, and CRE lending institutions including Aegis Living, AEW, Berkadia, Capital One Bank, Columbia Pacific Advisors, Fannie Mae, Grandbridge Real Estate Capital, Greystone, KeyBank, Kisco Senior Living, M&T Bank, PGIM, Protective Life Insurance Company, Truist, and Wells Fargo Bank.

Mr. Chandler holds an MAI designation from the Appraisal Institute, is a member of the American Senior Housing Association (ASHA), and earned a CRE designation from the Counselors of Real Estate in 2012. He received a bachelor’s degree in business administration from the University of North Texas in Denton, Texas.

Partner Valuation Advisors’ team members hold appraisal licenses in all 50 states and the firm has offices in Atlanta, Austin, Baltimore, Chicago, Cleveland, Cincinnati, Dallas, Denver, Des Moines, Indianapolis, Jacksonville, Los Angeles, Kansas City, Knoxville (TN), Miami, New York City, Northern NJ, Phoenix, Raleigh, Seattle, and Washington, D.C.

About Partner Valuation Advisors

Partner Valuation Advisors is a Chicago-based affiliate company of Partner Engineering and Science, Inc. The valuation enterprise was introduced in 2022 with the formation of a new team of leaders focused on performing commercial real estate valuations nationally for investors, lenders, and real estate occupiers. The team is led by Brandon Nunnink, CFA, and Eric Enloe, MAI, CRE, FRICS. Please visit us online at www.PartnerVal.com.

About Partner Engineering and Science, Inc.

Partner is the most trusted choice for third-party due diligence and consulting in the commercial real estate industry, providing full-service engineering, environmental, and energy services throughout the Americas, Europe, and around the globe. With a multidisciplinary approach, Partner serves clients at all stages from initial due diligence and design to development and construction, as well as the ongoing maintenance and optimization of a real estate asset.

Media Contact:

Partner Engineering and Science
Erika Haberlen
Marketing Director, Principal
310-615-4500
[email protected]

Strategies for Office Properties in a Down Market

By Eric Enloe, Senior Managing Director

As the office market struggles to recover, property owners and managers are challenged to preserve value through leasing efforts and must embrace resourceful, creative asset management and repositioning strategies.

Read more in this article from GlobeSt.com.

Valuation Advisors Adds Commercial Real Estate Leaders in Washington, D.C. and Kansas City

Ken Jaggers and Lana Lenovitz Join the Firm as Managing Directors

Since Launch Six Months Ago, Firm’s Executed 700 Asset Assignments Valued at More than $20B

March 31, 2023, Chicago – Partner Valuation Advisors, a national commercial real estate valuation advisory firm, continued its U.S. growth by adding two new commercial real estate valuation experts in Washington, D.C., and Kansas City. Joining the Chicago-based company as managing directors are Svetlana “Lana” Lenovitz, MAI, MRICS, in Washington, D.C., and Kenneth Jaggers, MAI, FRICS, in Kansas City.

Since launching in September 2022, Partner Valuation Advisors has completed more than 700 valuations across 40 states with an aggregate commercial real estate value in excess of $20 billion. The Chicago-based, technology-forward firm has grown to more than 50 employees in 20-plus markets nationally, making it one of the fastest-growing commercial real estate valuation advisory companies in the U.S. Partner Valuation Advisors serves investors, lenders, and real estate occupiers.

Partner Valuation Advisors’ Senior Managing Director Eric Enloe, MAI, CRE, FRICS, said, “The recent banking crisis adds to the challenges commercial real estate investors were already facing due to economic uncertainty, elevated inflation, and volatile capital markets. All of those issues add up to the fact that those who invest in, manage or occupy commercial real estate require the advice that experts like Lana and Ken can bring to the table. Partner Valuation Advisors’ continued national growth reflects a growing need for deeper insights to make decisions about assets.”

Kenneth Jaggers brings more than 35 years of commercial real estate appraisal, consulting, and loan underwriting experience. For the past 20 years he has led teams of professionals providing appraisal and consulting services for some of the largest portfolio, acquisition, and infrastructure assignments in the Midwest. Before joining Partner Valuation Advisors, Mr. Jaggers was Managing Director at JLL Valuation Advisory and prior to that he was with Integra Realty Resources.

Mr. Jaggers has appraised commercial properties of all types, primarily for institutional investors, banks, and private owners/developers. He brings expertise with large and/or complex assignments for discerning clients and intended users. Areas of specialty include statutory compliance, highest and best use and feasibility analysis, and disposition consulting.

Lana Lenovitz brings more than 18 years of experience appraising office, industrial, retail, multifamily and special use assets. She leads a team of professionals in the Mid-Atlantic region where she has valued some of the highest profile projects. Prior to joining Partner Valuation Advisors, Ms. Lenovitz served as Managing Director at JLL Valuation Advisory from 2017 to 2023. Earlier in her career she served as Associate Director at Integra Realty Resources in Baltimore.

Ms. Lenovitz’s diverse valuation expertise encompasses multiple applications such as market value appraisals, portfolio valuations, investment advisory services, partial interest valuations, and market rent studies. She has appraised a wide variety of property types, including industrial warehouses, flex properties, manufacturing facilities, truck terminals, automobile service stations, automobile dealerships, car washes, self-storage facilities, restaurants, retail shopping centers, triple net properties, senior housing and skilled nursing facilities, medical and general office buildings, multifamily properties, hospitality properties and development sites.

In joining Partner Valuation Advisors, Mr. Jaggers and Ms. Lenovitz follow three other recent additions: CRE leaders Creighton R. Cross, MAI, AI-GRS, in Knoxville, TN; Justin Alexander, MAI, in Seattle, WA; and Talani Casariego, MAI, in Atlanta, GA. The firm continues to onboard highly qualified valuation staff, with more senior-level hires anticipated over the next month.

About Partner Valuation Advisors

About Partner Engineering and Science, Inc.

Media Contact:

Partner Engineering and Science
Erika Haberlen
Marketing Director, Principal
310-615-4500
[email protected]

Four Ways to Safeguard the Value of Your Construction From a Market Drop

By Eric Enloe, Senior Managing Director

Unlike existing assets, construction projects lack financial history to demonstrate value—there’s no rent roll, leases, or income statements for an appraiser to review. How, then, do commercial valuation consultants place a value on a construction project?

In this article, Eric Enloe, of Partner Valuation Advisors, discusses how to evaluate and protect a construction project’s value.

Partner Valuation Advisors’ Michael Wahl Emphasizes Investors’ Need for Up-to-Date Data

By Michael Wahl, Managing Director

Partner Valuation Advisors' new Managing Director, Michael Wahl, was interviewed by ConnectCRE's Paul Bubny to discuss what insights Michael is seeing in the current market and what investors should be mindful of. In this discussion, Michael discusses property values, factors that could affect valuations, and what data is relevant to the current market. Read the full interview here.

Valuation Advisors Expands National Footprint, Adds CRE Leader in New York City

Partner Valuation Advisors Expands National Footprint in Northeast with CRE Leader in New York City

February 3, 2023, New York City – Partner Valuation Advisors is expanding its U.S. presence in the Northeast with the addition of a commercial real estate expert in New York City. Michael Wahl, MAI, AI-GRS, is joining the national CRE valuation advisory firm as a Managing Director in its New York Office. Mr. Wahl brings significant experience working with banking, agency, and private lending clients throughout the country.

“Partner Valuation Advisors continues to execute on our national growth plan that is designed to efficiently and effectively serve clients across the United States,” said Partner Valuation Advisors’ Senior Managing Director Eric Enloe, MAI, CRE, FRICS. “The strategic addition of Michael broadens our reach and allows us to rapidly execute on single asset and portfolio assignments for all types of lenders, including Freddie Mac and Fannie Mae, as well as investment funds and occupiers.”

Since launching in September 2022, Partner Valuation Advisors has grown to more than 40 employees in 19 markets nationally, making it one of the fastest-growing commercial real estate valuation advisory companies in the country. The Chicago-based, technology-forward firm serves the needs of investors, lenders, and real estate occupiers and performs valuation assignments in all 50 states.

Prior to joining Partner Valuation Advisors, Mr. Wahl served as Managing Director of National Private Lending in Bowery Valuation’s New York office. Earlier in his career, he worked at BBG’s New York office. He brings more than a decade of commercial real estate valuation and brokerage experience, including retail, industrial, and multifamily assets.

Mr. Wahl has appraised roughly $5 billion worth of commercial real estate in more than 40 states over his career. Among the list of valuation and advisory assignments he has executed include those involving specialized multifamily and mixed-use properties on behalf of private lenders, as well as national agency clients.

Mr. Wahl holds licenses in 33 states, as well as MAI and AI-GRS designations from the Appraisal Institute. He earned a bachelor’s degree in economics from Emory University in 2012, and an MBA in Real Estate & Management from NYU’s Stern School of Business in 2022.

Partner Valuation Advisors team members hold appraisal licenses in all 50 states and the firm has offices in Atlanta, Austin, Baltimore, Chicago, Cleveland, Cincinnati, Denver, Des Moines, Indianapolis, Jacksonville, Los Angeles, Kansas City, Knoxville (TN), Miami, New York City, Northern NJ, Phoenix, Seattle, and Washington, D.C.

About Partner Valuation Advisors

About Partner Engineering and Science, Inc.

Partner is the most trusted choice for 3^rd party due diligence and consulting in the commercial real estate industry, providing full-service engineering, environmental, and energy services throughout the Americas, Europe, and around the globe. With a multidisciplinary approach, Partner serves clients at all stages from initial due diligence and design to development and construction, as well as the ongoing maintenance and optimization of a real estate asset.

Media Contact:

Partner Engineering and Science
Erika Haberlen
Marketing Director, Principal
310-615-4500
[email protected]

Eric Enloe Discusses Valuation in WMRE

Eric Enloe Discusses Asset Valuation in a Slow Market on WealthManagement.com

January 27, 2023 - As investment sales and refinancing activity declines, appraisers must rely on other marketplace drivers to value assets. Wealth Management Real Estate interviewed Eric Enloe regarding the challenges of asset valuation in today's market and how values are being determined in the absence of sales data.

Click here to read the article.

2023 Multifamily Outlook: Cautiously Optimistic

By Scott Belksy, Managing Director

At the CREFC (Commercial Real Estate Finance Council) January Conference 2023, stakeholders in the multifamily market discussed, among other topics, their expectations for the coming year. Despite the forecasted recession, most seemed cautiously optimistic, and projections were far from dire. Our own observations of the multifamily market align with this perspective. Read the full outlook here.

Valuation Advisors Expands in Midwest; Adds CRE Leader in Cincinnati

Partner Valuation Advisors Expands in Midwest; Adds CRE Leader in Cincinnati

January 5, 2023, Cincinnati – Partner Valuation Advisors continues to grow its footprint across the United States with expansion into Ohio. Joining the national commercial real estate valuation advisory is Eric Shaw, MAI, who has been appointed Senior Vice President in a newly opened office in Cincinnati. Mr. Shaw is focused on industrial and self-storage property sectors.

“The national growth of Partner Valuation Advisors is being achieved through both the expansion into new markets and addition of commercial real estate experts such as Eric,” said Partner Valuation Advisors’ Senior Managing Director Eric Enloe, MAI, CRE, FRICS. “He brings an understanding of the industry, and the ways technology is being utilized to solve complex client valuation assignments in today’s evolving market, which is expected to broaden our reach in the Midwest and beyond and better serve clients in the industrial and self-storage sectors.”

Since launching in September 2022, Partner Valuation Advisors has grown to 33 employees nationally, making it one of the fastest growing real estate companies in the country. The Chicago-based, technology-forward valuation and advisory firm serves the needs of investors, lenders, and real estate occupiers, and performs valuation assignments in all 50 states.

Mr. Shaw says, “I am looking forward to merging Partner Valuation Advisors’ technology platform with my expertise in industrial and self-storage assets. Both of those sectors have experienced strong growth over the last couple of years with significant new construction to meet the ever-changing investor demands.”

Mr. Shaw brings more than a decade of commercial real estate experience valuing industrial, self-storage, retail, office, multifamily, manufactured housing, and special use assets. He has appraised commercial real estate in Ohio, Kentucky, and West Virginia. He adds significant experience coordinating regional portfolio transactions throughout the Midwest for several local, regional, and national lenders and investors. He has testified before the Hamilton County board of appeals, been deposed for national litigation, and assisted in a multi-state right of way portfolio.

Prior to joining Partner Valuation Advisors, Mr. Shaw served as a Director at Integra Realty Resources for 10 years. Earlier in his career, he worked five years at Macy’s Inc. contesting real property valuations in 16 states throughout the Southeast and Northwest.

Mr. Shaw adds, “My work has spanned from large multi-state portfolios to single properties in a tertiary market. The current market conditions are very unique given interest rate levels and softening investor demand for commercial real estate.

Partner Valuation Advisors Adds Trio of Vice Presidents

Partner Valuation Advisors Rapidly Developing National Presence, Adds Trio of Valuation Talent in Multiple States

Chicago, November 17th, 2022 – Partner Valuation Advisors (Partner) expanded its national commercial real estate team with the addition of three valuation experts in Texas, Illinois, and Colorado. Kristopher “KC” Vigoren joins as Senior Vice President, while Katie Dreher and Shane Nicholson join as Vice Presidents.

The latest additions will support clients nationally and reflect the firm’s rapid growth trajectory since it was launched in August 2022 as a technology-forward advisory firm that serves the needs of investors, lenders, and real estate occupiers. Partner continues to expand its team of commercial real estate consultants, which has grown to more than 20 people licensed to handle valuation assignments in all 50 states.

Partner Valuation Advisors’ Senior Managing Director Eric Enloe, MAI, CRE, FRICS said, “We continue to rapidly develop Partner Valuation’s national valuation presence since launching this summer. We are adding key valuation experts like KC, Katie and Shane, who bring more than 30 years of collective experience serving clients across a variety of commercial real estate asset classes.”

Mr. Vigoren joins as Senior Vice President and will be based in Colorado. He brings more than 20 years of commercial real estate appraisal experience. Prior to joining Partner Valuation Advisors, he served as Senior Vice President at JLL Valuation Advisory.

In his role at Partner Valuation Advisors, Mr. Vigoren focuses on appraisal and consulting services for commercial asset valuations. His background includes the valuation of real estate for multiple applications including lending, portfolio valuations, investment advisory services, and market rent studies. He has experience appraising a variety of property types such as regional malls, lifestyle centers, triple net properties, restaurants, office properties, medical office buildings, industrial properties, self-storage, cold-storage, manufactured housing communities, limited and full-service lodging/hospitality properties, multifamily, student housing, and residential and commercial subdivision development sites.

Ms. Dreher is based in Texas and will serve as a Vice President of Partner Valuation Advisors. In this role, she will focus on the analysis and preparation of appraisals and consulting assignments. Ms. Dreher has been actively engaged in real estate valuation and consulting since 2018. She brings experience in three core property types, retail, office, and industrial. She has appraised shopping centers, shopping malls, office buildings, and industrial facilities.

Mr. Nicholson is based in Chicago and will serve as a Vice President at Partner Valuation Advisors. Mr. Nicholson brings more than five years of commercial real estate appraisal experience, including serving as an Associate at JLL Valuation Advisory. Throughout Mr. Nicholson’s appraisal career, he has appraised industrial, office, retail, and multi-housing assets across the United States. Over the past several years, Mr. Nicholson has begun to specialize in appraising manufactured housing communities (MHC) and conventional multifamily assets.

About Partner Valuation Advisors

About Partner Engineering and Science, Inc.

Partner is the most trusted choice for 3^rd party due diligence and consulting in the commercial real estate industry, providing full-service engineering, environmental and energy services throughout the Americas, Europe, and around the globe. With a multidisciplinary approach, Partner serves clients at all stages from initial due diligence and design to development and construction, as well as the ongoing maintenance and optimization of a real estate asset.

Media Contact:

Partner Engineering and Science
Erika Haberlen
Marketing Director, Principal
310-615-4500
[email protected]