In its First Year, Partner Valuation Advisors Ranks as one of the Top 10 Largest Appraisal Firms in U.S.

Building it the Right Way Using Technology Integration, Training, and Process Improvement

Chicago, August 23, 2023 – Partner Valuation Advisors (Partner), a national commercial real estate valuation advisory firm, celebrates its first anniversary.

After one year in business, Partner Valuation Advisors is one of the top 10 largest appraisal firms in the U.S., as reported by LightBox which tracks appraisal ordering nationally. Partner Valuation Advisors supports many of the nation’s largest pension funds, banks, investors, insurance companies, REITS, brokers, operators, and other stakeholders. As of mid-August, Partner has completed over 2,250 valuations with an aggregate commercial real estate value in excess of $58B across 49 states. The Partner team has grown to over 90 professionals across 27 markets nationwide, making it one of the fastest-growing companies in the industry.

Partner Valuation Advisors was formed in August 2022 as the commercial real estate industry slowed significantly in the second half of the year. By mid-year 2023, commercial real estate transaction volume had dipped by as much as 70%. While many commercial real estate firms experienced layoffs during this time, Partner Valuation Advisors ramped up through a hiring spree. With a sizeable team and positive momentum, the company expects to complete an additional 2,000 valuations by year end for clients looking to transact, those with financial reporting obligations, and those assessing risks of assets that they already own or assets to which they have loan exposure. 

“Partner’s footprint has rapidly expanded nationally over the past 12 months. Our continued growth reflects the CRE community’s growing need for deeper and independent insights to make decisions about assets,” said Partner’s Senior Managing Director Eric Enloe, MAI, CRE, FRICS. In a volatile commercial real estate market, the Partner team is seeing an opportunity to advise clients on positioning their portfolios. “With far fewer deals transacting, we have to be resourceful about price discovery and leveraging data and insights to form credible opinions of value. It’s times like this that we really prove our worth as trusted advisors,” said Enloe.

Co-founders and commercial real estate veterans, Brandon Nunnink, CFA, and Eric Enloe, MAI, CRE, FRICS, formed a partnership with Partner Engineering and Science, Inc. to create Partner Valuation Advisors with a clear vision to build a tech-forward valuation firm serving investors, lenders, and real estate occupiers. “We strive to serve our clients by building a talented team of experts and professionals who are turning research and experience into critical insights delivered in a unique manner to clients, and doing it more accurately and efficiently,” said Nunnink. Their formula for success is working: the Partner team has earned the trust of many of the largest real estate investors and lenders in the nation, such as Blackstone, Brookfield, The Carlyle Group, CBRE Investment Management, Deutsche Bank, JP Morgan Chase, MetLife, Morgan Stanley, Nuveen, Principal, and Wells Fargo, among many others.

Nunnink and Enloe previously built national appraisal practices at Integra Realty Resources and JLL Valuation & Advisory. The duo and their teams have completed some of the largest and most complex valuation projects in the nation such as Transamerica Pyramid in San Francisco, SoFi Stadium in Los Angeles, and Aventura Mall in Miami. In forming Partner Valuation Advisors, they were striving to add value for their clients by bringing improved client experience and increased efficiency in the form of insightful work product that can be delivered in an innovative, electronic fashion. In addition, they were committed to building a dynamic company environment that would foster a collaborative work culture for both seasoned and young professionals in the field.

Pairing the valuation business with an established, market-leading due diligence brand brings strategic advantages to both Partner and its real estate clients. “We think the CRE industry is eager for a high-quality bundle of all third-party due diligence services, and now Partner provides a more comprehensive package than anywhere else,” said Partner Engineering and Science, Inc. CEO Joe Derhake, PE. “Partner’s goal is to make real estate investing easier, faster, and safer for our clients. Bundling all the due diligence reports makes the process easier and faster. When the reports match and address issues in a concerted way, clients receive more intelligent advice.”

The firm sees an opportunity to improve how appraisals are done and deliver a better client experience. “There is a huge emphasis on technology integration, training, and process improvement in everything that we do, which is uncommon in our industry,” said Nunnink. “We’re all about using technology to improve the valuation process, from a speed-of-delivery perspective but also as a means to eliminate pain points for our clients. Appraisals take too long to deliver; we see a huge opportunity to create efficiencies in the process and deliver faster while limiting the burden on our clients’ time. We can also ensure greater consistency and accuracy of information across all due diligence reports.” Technology and strategic hiring have laid a solid foundation for the firm’s month-over-month revenue growth.

Enloe and Nunnink hit the ground running and their enthusiasm and drive are infectious. They are known for fostering an entrepreneurial and empowering work culture with open communication. The firm’s phased, strategic hiring comprised industry veterans, seasoned industry professionals in specific regions and specialty practice leaders. For Enloe and Nunnink, the game plan was made for the long term. Many of Partner’s senior valuation professionals have deep relationships with CRE stakeholders nationwide, hence the advanced capabilities of Partner’s team to provide true-to-market valuations. 

The firm’s senior valuation professionals in multiple sectors include Joseph Miller, Michael Wahl, Ross Friedman, Lana Lenovitz, and Kenneth Jaggers. Specialized practice leaders include Scott Belsky in Manufactured Housing, Brian Chandler in Seniors Housing, Erik Hill in Healthcare and Life Science, Andrea Gillman and Chip Ard in Affordable Housing, and Ryan McDonald in Self Storage.

Partner Valuation Advisors’ team members hold appraisal licenses in all 50 states and the firm currently has offices in Atlanta, Austin, Baltimore, Buffalo, Chicago, Cincinnati, Dallas, Denver, Gainesville, Grand Rapids, Indianapolis, Jacksonville, Kansas City, Knoxville, Los Angeles, Miami, Milwaukee, New York, Northern New Jersey, Philadelphia, Phoenix, Raleigh, St. Louis, Tulsa, and Washington, D.C..


About Partner Valuation Advisors

Partner Valuation Advisors is an 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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