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We have appraised hundreds of thousands of units in thousands of apartment complexes across the country. Properties include neighborhood (5-20 units), local owner midsize (21-99 units) and institutional (100+ units). Our experience includes suburban garden, urban high-rise, and mixed use developments.
Multi-family experience at the firm ranges from smaller projects (under 50 units) to large-scale developments including thousands of units such as Presidential Towers in Chicago. Properties range in their life cycle from new construction product to older Class C product being renovated for repositioning in the market.

Our extensive experience in multi-family properties includes a staple of assignments completed under the FNMA DUS program as well as Freddie Mac. We have a number of staff members who are very familiar with the more extensive appraisal valuation/reporting requirements (such as market analysis, vacancy assumptions and rent growth) under the guidelines. We have worked with lenders including Reilly Mortgage Group, Inc., ARCS Commercial Mortgage, GMAC Commercial Mortgage, Northmarq Capital, Glaser Financial Group, Green Park Financial and Red Capital.

Because of the number projects we have been retained for in the greater downtown Chicago market, we developed The Residential Benchmark Report which delineates rent and occupancy trends (including absorption for new developments) for all the major buildings along with expense summaries and a synopsis of all major projects being considered for development. More information about the Benchmark can be obtained on our website.

For the subsidy market, we have completed a number of projects involving Low Income Housing Tax Credits, bond financing, as well as project based Section 8 (HAP contracts) buildings. With the wealth of data available, we can complete the HUD Rent Comparability Studies in a timely, cost effective manner. We are very familiar with the requirements under the HUD MAP program and have completed numerous assignments involving market studies, appraisals and the various forms (rent, expense, summary appraisal).

Properties appraised
 

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