Tulsa, OK, April 13, 2023 – Partner Valuation Advisors, a national commercial real estate valuation advisory firm, expanded into a new market and appointed two affordable housing leaders as co-heads of the firm’s national Affordable Multi-Housing Sector practice. Owen “Chip” Ard, MAI, and Andrea Gillman join as Managing Directors. Both are based in Tulsa.
Since launching in September 2022, Partner Valuation Advisors has issued over 850 valuations with an aggregate real estate value in excess of $23 billion across 40 states. The Chicago-based, technology-forward firm has grown to 60+ employees in 22 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, investment funds, and real estate occupiers.
Partner Valuation Advisors’ Senior Managing Director Eric Enloe, MAI, CRE, FRICS, said, “Chip and Andrea will co-lead our national affordable housing practice, which requires a specialized level of valuation expertise because of the complexity of this sector. Investor interest in affordable housing has dramatically increased in the last several years and Chip and Andrea both bring decades of experience valuing properties in this niche sector that demands a deep understanding across a diverse range of affordable multi-housing asset types, financing programs and public agencies. The addition of Chip and Andrea positions us as market leaders in the valuation of affordable housing nationally.”
Mr. Ard most recently served as a National Head of Affordable Multi-Housing for JLL Valuation Advisory and has been actively engaged in real estate valuation and consulting assignments since 1984. He has performed appraisal services consisting of, ad valorem tax protests, consulting, litigation support services, market and feasibility studies, reviews, market study analyses and appraisals in connection with allocation of state and federal tax credits. Mr. Ard specializes in valuation and market studies for use in the HUD Multifamily Accelerated Processing (MAP) program, the federal Low Income Housing Tax Credit Program, and various other affordable housing programs.
Mr. Ard is currently the President of the Oklahoma Coalition of Affordable Housing, a non-profit organization of affordable housing professionals promoting education, legislative action, professional training, information resources, and network building in the affordable housing industry. The mission of the Coalition is to promote and facilitate the availability of quality, safe affordable housing to Oklahoma residents.
Prior to joining JLL in 2016, Mr. Ard worked for a national valuation firm, where he had served as Senior Managing Director, overseeing the Tulsa and Oklahoma City offices. He earned a bachelor’s degree in business administration from the University of Tulsa and holds a MAI designation as a member of the Appraisal Institute.
Ms. Gillman, who has been actively involved in valuation and consulting since 2014, most recently served as a National Head of the Affordable Multi-Housing sector for JLL Valuation Advisory in the United States. Her team focused on appraisals and consulting assignments for the valuation of multi-housing assets, with a specialization in affordable multi-housing. She also served on the national multi-housing leadership team that conducted assignments throughout the United States for a variety of property/program types, including Low Income Housing Tax Credits (LIHTC), HUD Multifamily Accelerated Processing (MAP) program, student housing, conventional apartments, Freddie and Fannie agency debt, market studies, and complex mixed-use developments. She earned a bachelor’s degree in journalism and public relations from Oklahoma State University in Stillwater, OK, and a juris doctorate degree (JD) from Chicago-Kent College of Law in Chicago. She is a Candidate for Designation from the Appraisal Institute.
In the past month, seven other CRE leaders have joined Partner Valuation Advisors including Erik Hill, MAI, CCIM, MRICS, in Dallas; Brian Chandler, MAI, CRE, FRICS, in Raleigh, NC; Lana Lenovitz, MAI, MRICS, in Washington DC; Kenneth Jaggers, MAI, FRICS, in Kansas City, MO; 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 talented valuation leaders, with more senior-level hires anticipated over the next month.
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, NC, Seattle, Tulsa, OK 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.
Partner Engineering and Science
Marketing Director, Principal
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