Belsky and Miller Join PVA

Partner Valuation Advisors Expands with Addition of Two National Managing Directors

Chicago, September 26, 2022 Partner Valuation Advisors (Partner) expanded its team of national commercial real estate valuation experts with the addition of Joseph M. Miller, MAI, MRICS, as Managing Director and National Practice Lead of its Retail Valuation Practice, and Scott Belsky, as Managing Director and National Practice Lead of its Manufactured Housing Communities (MHC) and RV Resort practice. The latest additions support the rapid national growth trajectory charted by co-founders Brandon Nunnink, CFA, and Eric Enloe, MAI, CRE, FRICS.


In August 2022, Partner Engineering and Science, Inc. formed Partner Valuation Advisors in Chicago as a technology-forward advisory firm that serves the needs of investors, lenders, and real estate occupiers. The firm continues to hire commercial real estate experts in markets across the U.S., expanding its valuation team to a current count of 20 people.


Mr. Miller is a respected valuations expert with more than 10 years of commercial real estate appraisal experience in retail, office, senior housing, industrial, multifamily, self-storage, and special use assets. He has appraised commercial real estate in all 50 States as well as Canada, Mexico, and Puerto Rico.


Mr. Belsky joins the firm with more than 10 years of commercial real estate appraisal experience in industrial, retail, office, multifamily, manufactured housing, and self-storage assets. He has appraised commercial real estate in all 50 States as well as Canada and Mexico.


“Accurately appraising retail properties is more demanding than ever in today’s economy,” said Miller. “Consumer spending is a driver of retail property values. As we head into the holiday season, consumer spending will determine which retailers continue to thrive and which will have to reevaluate their physical footprints. With the possibility of store closures, landlords potentially face new vacancies and the question of how best to backfill them, which is particularly challenging in the case of large spaces like department stores. Do they split up the space and lease to multiple tenants? Do they lease the first floor and mothball upper floors? These decisions have a material impact on the valuations and are a topic frequently discussed with landlords, investors, and lenders. As the retail sector continues to face headwinds, the overall retail market will face similar headwinds.”


Partner’s Senior Managing Director Eric Enloe believes Miller is the right choice to lead the retail team in a challenging market. “Joe is one of the most talented valuation professionals in the country. He is a trusted advisor to many top investor and lender clients on complex retail assets as well as triple net portfolios because he provides valuation and consulting that is deeper than just guidance. He knows the market, knows the players, and speaks the language as well as any other valuation professional I have met, and delivers that expertise with exemplary client service.”


Based in Chicago, Miller will build and manage a national team focused on retail valuations, including retail subsets such as regional malls, triple net retail, and lifestyle centers. His vision for the Retail Valuation Practice is “to be a top-of-market provider with the flexibility to pivot to each clients’ unique needs. Some need the traditional 200-page valuation report, and some need something more streamlined and concise. Our job is to listen carefully to our clients, so we recognize those needs, and then tailor their experience and their deliverables accordingly.”


Before joining Partner, Mr. Miller served as Managing Director and National Practice Lead – Retail at JLL Valuation Advisory, and as a Director of Integra Realty Resources (IRR) Chicago. He has significant experience leading multi-state portfolios for institutional clients and has appraised some of the most prominent commercial properties in the United States including The Old Post Office redevelopment (Chicago, IL), Hudson Yards (New York, NY), Lincoln Yards (Chicago, IL), Wynn Encore and Plaza Retail (Las Vegas, NV), and Parkmerced (San Francisco, CA).


When asked why he chose Partner as his professional home, Mr. Miller said, “I see it as an opportunity to bring needed change to an industry that hasn’t evolved in 20+ years. I get to be part of a leadership team that builds a new kind of valuation firm, focused on tech-forward solutions and bringing clients more thoughtful deliverables.”


A sought-after expert in MHC assets, Chicago-based Belsky directs MHC valuation projects nationwide. “Our dedicated Manufactured Housing Community and RV Resort team closely tracks the marketplace,” says Belsky. “We speak daily with the industry’s largest owners, operators, and lenders, ensuring we stay on top of investment trends and transactions happening throughout the country. As of late, the industry has seen upward pressure on interest rates; however, MHC values have held relatively stable. There is still a material amount of equity chasing the product type as a result of an overall need for affordable housing.”


Belsky’s goal for the MHC and RV Resort Practice is to infuse this up-to-the-minute market intelligence into all its valuation products, and to “deliver the quickest-to-market reports while providing consistent, high-quality products across platforms.” 


Enloe notes, “Scott’s extensive background working with the largest owners and lenders in the MHC arena, coupled with the MHC-focused valuation team he has assembled, enables him to provide the best client experience in the country. Whether a single asset or 100+ property portfolio, his deep understanding of the dynamics of the industry, market activity, and trends comes through in the valuations he performs.”


Before joining Partner, Mr. Belsky served as Managing Director and National Practice Lead – Manufactured Housing at JLL Valuation Advisory. Prior to JLL, he served as a generalist appraising office, industrial, multifamily, retail, self-storage and manufactured housing communities at Integra Realty Resources in Chicago. Mr. Belsky has significant experience leading multi-state portfolios and has appraised some of the largest multifamily and MHC portfolios in the United States.


When asked why he made the leap to join Partner, Mr. Belsky said, “I’m excited to bring a new, tech-forward approach to commercial real estate valuations. And I’m even more excited to be able to provide a full-service offering to my clients by bundling our valuation services with third-party due diligence reports from our sister company, Partner Engineering and Science.”


For more information or to contact Mr. Miller directly, click here.  For more information or to contact Mr. Belsky directly, click here.


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


About Partner Engineering and Science, Inc.

Partner is the most trusted choice for 3rd 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



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