Gene Stunard established Appraisal Research Counselors
in 1968. We are the largest commercial appraisal firm headquartered
in Chicago. We are both a national firm dealing with investment grade
property and a neighborhood firm appraising commercial, multi-family
and single family properties for local and regional lenders.
Appraisal Research Counselors celebrates its 35th
anniversary in 2003. We chose our name to identify what we do. Clients
tell us they want value-added services delivered quickly and efficiently.
Appraisal has been an integral part of our past
and will remain so into the future. We have consulted on hundreds
of millions of feet of commercial property and hundreds of thousands
of multi-family residential units in every part of the Chicago Metropolitan
area, 38 states and Canada. Our knowledge base and files go back
40 years. It is a resource and a foundation for many additional
Our Research mission is to save time and improve
the quality of decisions. Because we listen, we understand your
needs. We can help define the question and find the needle in the
haystack. We are also well aware that research isn’t just
data – its presentation. Our goal is research in a useable
format. Our widely read Downtown Chicago Residential Benchmark Report
is a quarterly publication that includes detailed data on (1) the
30,000 new units constructed since 1990, (2) the next 10,000 to
12,000 units that will be added, and (3) an apartment rent trend
survey covering 16,000 units. With each quarterly edition totaling
approximately 500 pages, it is our most prominent publication.
Our Counselors product provides the market knowledge
and insight to make the best real estate decisions. This is where
we shift from the “what is” to the “what can be.”
We refer to it as looking out of the engine rather than the caboose
of the train. Our foundation is a 30-year history of monitoring
market trends, watching the cycles and anticipating the next turn.
Like research, counseling takes many forms.
The next 35-years are going to be an exciting
time. The information age is transforming real estate in ways not
yet even thought of. The business of business will be there –
and so will we.
What’s in a name? A lot!