Matt Stephens Appointed Director at Partner Valuation Advisors Amid Continued Growth

St. Louis, MO – January 8, 2026 – Partner Valuation Advisors (Partner) is excited to announce the addition of Matt Stephens as a Director based in St. Louis. Matt brings over 20 years of experience advising institutional investors, private equity firms, and family offices across the U.S., with a proven track record of executing more than $5 billion in transactions and advisory assignments over the past five years. Matt is a Midwest regional lead of the National Multifamily Practice and a member of the National Self-Storage Practice.

Matt’s expertise spans investment sales, strategic advisory, and asset valuation across all major property types. Recognized as a multi-year CoStar Power Broker and top producer, Matt has earned a reputation as a trusted advisor in complex, high-value engagements. Most recently, he served as Director of Capital Markets at Cushman & Wakefield, where he advised clients on acquisition and disposition strategies and delivered advisory services.

“We’re thrilled to have Matt on board,” said Ryan McDonald, Managing Director at Partner. “He’s spent decades guiding clients through some of the most complex transactions in the industry, and that experience is going to be a huge asset for our team and our clients. Matt knows how to bring clarity to challenging deals, and that’s exactly what we strive for every day.”

“I was really drawn to the momentum here,” said Matt Stephens. “Partner has built something special, a culture that values collaboration and a platform that’s growing fast. Being part of that story and helping shape the next chapter is what excites me most.”

Matt holds certifications as a Certified General Appraiser and Real Estate Salesperson and is well-versed in advanced financial modeling and market analysis.

About Partner Valuation Advisors

Partner Valuation Advisors, LLC is a national commercial real estate valuation advisory firm that ranks as a top 10 appraisal firm. Partner Valuation Advisors has more than 100 valuation professionals nationally. Partner Valuation Advisors is led by Brandon Nunnink, CFA, and Eric L. Enloe, MAI, CRE, FRICS. Team members hold appraisal licenses in all 50 states and the firm has offices in Austin, Baltimore, Boise, Boston, Buffalo, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Gainesville, Grand Rapids, Houston, Indianapolis, Jacksonville, Kansas City, Knoxville, Los Angeles, Miami, Milwaukee, Mobile, Myrtle Beach, Naples, New York, Northern New Jersey, Philadelphia, Phoenix, Portland, Raleigh, San Diego, Seattle, St. George, St. Louis, Tulsa, and Washington, D.C. Partner Valuation Advisors performs commercial real estate valuations nationally for investors, lenders, and real estate occupiers and is an affiliate company of Partner Engineering and Science, Inc. Please visit us online at www.PartnerVal.com.

Hospitals Lead the Charge: Investor Confidence Grows in Healthcare Assets

By: Erik Hill, MAI, CRE, CCIM, MRICS
September 23, 2025

As the broader commercial real estate market continues to navigate economic headwinds, the healthcare sector has quietly charted a course of resilience and growth. While other asset classes grapple with volatility, healthcare real estate has demonstrated a unique ability to adapt, driven by rising demand, strategic investor interest, and a shifting landscape of care delivery.

In the second quarter of 2025, one of the most notable trends in healthcare real estate was the continued decline in new construction volume. At the same time, absorption rates increased, pushing national occupancy averages above 92%. This dynamic created a tightening market, where existing facilities saw increased utilization and investor interest.

Hospitals and health systems, along with private investors, emerged as the dominant buyers in the sector during the first half of the year. In contrast, REIT activity was relatively muted—a departure from previous years when institutional capital played a more prominent role. This shift underscored a growing confidence among operators and private capital in the long-term viability of healthcare assets.

From a capital markets perspective, medical office cap rates expanded slightly in Q2 compared to Q1, rising by approximately 10 to 20 basis points. Hospital transaction volume outpaced its historical average, signaling strong investor appetite. Medical office transactions remained somewhat below their historical norms, but the sector showed signs of stabilization.

Interest rates continued to pose a challenge for securing capital, but sentiment shifted. More investors became comfortable operating in a higher-rate environment, recalibrating expectations and deal structures accordingly. Construction costs remain a significant barrier to new supply, with elevated expenses driving up rent rates and making new developments harder to justify.

Despite these challenges, signs of stability have emerged. The inpatient sector experienced steady growth, and behavioral health and substance use treatment facilities attracted increased interest. These specialized assets gained traction as demand for mental health services continued to rise, presenting new opportunities for investors and developers alike.

Looking ahead to the remainder of 2025, the industry is watching closely for continued Fed rate cuts. If rate cuts continue, such a move could unlock transaction volume across all healthcare property types, providing a much-needed boost to deal flow. Additionally, portfolio transactions are anticipated to gain momentum in the second half of the year, with rumors of one or two major deals having circulated among market participants.

In a year marked by uncertainty, healthcare real estate has proven to be a beacon of stability. For investors seeking durable income and long-term growth, the sector continues to offer compelling opportunities—particularly in areas aligned with evolving care models and demographic trends. As 2025 progresses, healthcare assets are positioned to lead the charge in redefining what resilience looks like in commercial real estate.

Looking forward, the healthcare real estate sector is poised to benefit from demographic shifts, evolving care models, and potential monetary policy adjustments. Investors should monitor developments in behavioral health, inpatient care, and portfolio transactions, as these areas are likely to shape the market trajectory through the end of 2025.

About Partner Valuation Advisors

Partner Valuation Advisors, LLC is a national commercial real estate valuation advisory firm that ranks as a top 10 appraisal firm. Partner Valuation Advisors has more than 100 valuation professionals nationally. Partner Valuation Advisors is led by Brandon Nunnink, CFA, and Eric L. Enloe, MAI, CRE, FRICS. Team members hold appraisal licenses in all 50 states and the firm has offices in Austin, Baltimore, Boise, Boston, Buffalo, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Gainesville, Grand Rapids, Houston, Indianapolis, Jacksonville, Kansas City, Knoxville, Los Angeles, Miami, Milwaukee, Mobile, Naples, New York, Northern New Jersey, Oklahoma City, Philadelphia, Phoenix, Portland, Raleigh, San Diego, Seattle, St. George, St. Louis, Tulsa, and Washington, D.C. Partner Valuation Advisors performs commercial real estate valuations nationally for investors, lenders, and real estate occupiers and is an affiliate company of Partner Engineering and Science, Inc. Please visit us online at www.PartnerVal.com.

Michael A. Robinson’s Arrival Marks Major Milestone in Partner’s Growth

Industry Veteran Joins as Managing Director, Strengthening Firm’s East Coast Leadership

Miami, FL – August 25, 2025 – Partner Valuation Advisors (Partner) is proud to announce the addition of Michael Robinson, MRICS, as a Managing Director supporting the firm’s operations in both Florida and the New York metropolitan area. Widely regarded as one of the most experienced and respected professionals in the valuation industry, Robinson brings nearly 35 years of expertise to Partner’s rapidly expanding East Coast platform.

Throughout his distinguished career, Robinson has led the valuation of thousands of commercial properties across the country, including some of the most high-profile and complex assets in the marketplace. His notable assignments include the Seagram Building at 375 Park Avenue, the retail component of the Time Warner Center, 425 Park Avenue, and 432 Park Avenue, once the tallest residential tower in the Western Hemisphere. Robinson has a strong track record serving institutional investor and debt capital clients nationally.

“Michael is a true heavyweight in our industry,” said Eric Enloe, Co-founder and Senior Managing Director at Partner. “His reputation, technical acumen, and unwavering commitment to quality make him a game-changing addition to our team. This is a pivotal hire for Partner as we continue to elevate our presence in key markets and with our institutional client base.”

Robinson’s expertise spans virtually every major property type, from multifamily and office to industrial, hospitality, and development sites. He is particularly well known for his work in portfolio valuation, partial interest valuations, financial reporting, litigation support, and estate tax disputes. His client roster includes many of the world’s most sophisticated investors and lenders.

“Joining Partner is an exciting next chapter in my career,” said Robinson. “The firm’s national platform, deep bench of talent, and track record of trusted, high-caliber work align perfectly with how I’ve always approached valuation. I look forward to helping our clients navigate today’s complex real estate landscape with clarity and confidence.”

Robinson holds a Bachelor of Science in Finance from SUNY Albany and a Master of Fine Arts from the American Film Institute. He is a Certified General Appraiser in New York and New Jersey, and a member of the Royal Institution of Chartered Surveyors (MRICS).

About Partner Valuation Advisors

Partner Valuation Advisors, LLC is a national commercial real estate valuation advisory firm that ranks as a top 10 appraisal firm. Partner Valuation Advisors has more than 100 valuation professionals nationally. Partner Valuation Advisors is led by Brandon Nunnink, CFA, and Eric L. Enloe, MAI, CRE, FRICS. Team members hold appraisal licenses in all 50 states and the firm has offices in Austin, Baltimore, Boise, Boston, Buffalo, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Gainesville, Grand Rapids, Houston, Indianapolis, Jacksonville, Kansas City, Knoxville, Los Angeles, Miami, Milwaukee, Mobile, Naples, New York, Northern New Jersey, Oklahoma City, Philadelphia, Phoenix, Portland, Raleigh, San Diego, Seattle, St. George, St. Louis, Tulsa, and Washington, D.C. Partner Valuation Advisors performs commercial real estate valuations nationally for investors, lenders, and real estate occupiers and is an affiliate company of Partner Engineering and Science, Inc. Please visit us online at www.PartnerVal.com.