LOS ANGELES AND CHICAGO–(BUSINESS WIRE)–August 31, 2022–
Partner Engineering and Science, Inc. (Partner) has formed a new real estate valuation firm called Partner Valuation Advisors which will be led by commercial real estate industry leaders Brandon Nunnink, CFA, and Eric Enloe, MAI, CRE, FRICS. Nunnink and Enloe will serve as co-founders and senior managing directors in the national practice.
The pair are based in Chicago and bring over 40 years of combined valuation and advisory experience, including valuing over $2 trillion in assets. They are driven by a vision to make Partner Valuation Advisors a state-of-the-art advisory firm to meet the needs of real estate investors, lenders and occupiers.
Joseph Derhake, Founder and CEO of Los Angeles-based Partner, said, “Partner’s goal is to make real estate investing easier, faster and safer for our clients. Bundling the assessment with the Phase I Environmental Site Assessment and Property Condition Assessment makes the process easier and faster. When reports match and address issues in a concerted way, the customer will see smarter advice. Brandon and Eric enjoy a national reputation that instantly makes our practice a trusted national appraisal firm. We actively recruit technology-focused valuation talent across the country. »
The need for accurate and rapidly deployed asset valuations is essential today to make smart investment and lending decisions in this volatile market. Investors continue to allocate record levels of capital into commercial real estate, and increasingly complex transactions require a high level of expertise. The partner plans to accomplish this by bringing valuation consultancy leaders into the mix earlier in the process so they can leverage their decades of industry experience to produce action plans.
Nunnink said, “Partner Valuation Advisors will deliver a new approach to technology advisory from day one, allowing us to quickly produce high-quality, customized valuation solutions. Our data aggregation process and potential dashboard client deliverables differ from traditional businesses that are steeped in an outdated style of operations that may be less efficient. Historically, we have assessed some of the largest and most complex assets in the United States and providing a seamless customer experience is paramount among our goals for the business. We are also committed to creating an innovative and collaborative culture that attracts both seasoned appraisers and the next generation of real estate professionals.
Enloe added, “We share a similar vision to Joe and all of the Partner team and believe that by pairing valuation experts with industry leaders in due diligence and ESG ( environment, social, governance), we can deliver even more value to investors evaluating portfolio transactions at the institutional level, as well as complex CRE projects, whether office towers or shopping malls. the first time a valuation firm has partnered with a team that offers ESG expertise, and we believe this will appeal to investors looking to leverage this sustainability and resilience insights to make investment decisions. smarter investment.
Partner is a trusted market leader with a distinct culture that offers the most comprehensive and high quality set of services not available anywhere else in the market. Customers realize benefits because Partner’s approach to technology and data is backed by dozens of coders who create end-to-end solutions to manage projects, extract data, create reports and populate spreadsheets. edge, allowing customers to quickly make smart, informed decisions. Partner’s strong track record is rooted in the approximately 70,000 projects it touches each year, which equates to 1/6 of all CRE transactions executed in the United States each year and generates a huge underlying database that can be leveraged into actionable deliverables.
Throughout his career, Nunnink has been an advocate for technology transformations and notes that will continue at Partner. “It’s too hard to change old companies, we found it better to start from scratch,” he said. “Traditional appraisal companies have to work within current systems with limitations, but we have always been driven to build for the future. We chose to build from scratch because we found the right “partner” who is already realizing our vision in complementary business areas. »
Enloe will lead Partner Valuation Advisors after being one of the founders of JLL’s Valuation and Advisory team nationwide and Head of Business Valuation. Enloe also served as JLL Americas Valuation Lead for the Global Client Care program, member of JLL’s Valuation Executive Committee, and member of JLL’s Midwest Executive Committee, which included Capital Markets, Leasing, Dynamics labor, project development services and property management. Enloe’s expertise spans the creation and execution of large-scale portfolios as well as building and managing teams of valuation professionals nationwide. Senior real estate leader has experience appraising all types of assets including office, retail, multi-family and industrial properties, as well as special purpose asset types , including regional shopping malls, self-storage, manufactured homes, hotels, educational facilities, and complex asset continuity assessments. Earlier in his career, Enloe held various leadership roles for more than 18 years at Integra Realty Resources in the Midwest, including building the Chicago office into the company’s largest capital markets rating office. He earned a bachelor’s degree from the University of Notre Dame, holds appraisal licenses in 50 states, is a Fellow of Real Estate Advisors (CRE) and is a Fellow of the Royal Institute of Chartered Surveyors (FRICS).
Nunnink will lead Partner Valuation Advisors after serving as COO of JLL Valuation & Advisory Services in the Americas. Based in Chicago, he built an assessment and consulting team that began with a presence in the Midwest and South Central and grew into a national platform. Nunnink has been trusted to provide complex consulting services to some of America’s largest corporations. He specializes in real estate information systems, business valuations, partial interest valuations, and manufactured home data and valuation. Earlier in his career, Nunnink served as executive director of Integra Realty Resources in Chicago for over eight years. Prior to entering the appraisal business, Nunnink was a CMBS lender with LaSalle Bank/ABN AMRO in Chicago and London, where he led over $2 billion in US real estate transactions and over 500 million euros of European transactions. He earned a bachelor’s degree in business administration, a master’s degree in accounting, financial reporting and auditing services from the University of Notre Dame, and he is a chartered financial analyst (CFA).
About Partner Valuation Advisors
Partner Valuation Advisors is an affiliate of Partner Engineering and Science, Inc. based in Chicago. The appraisal business was introduced in 2022 with the formation of a new leadership team focused on delivering nationwide commercial real estate appraisals for real estate investors, lenders and 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 comprehensive engineering, environmental and energy services across the Americas, Europe and the whole world. With a multi-disciplinary approach, Partner serves clients at every stage, from initial due diligence and design, through development and construction, and ongoing maintenance and optimization of a real estate asset.
*Editor’s note: Photos available upon request.
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CONTACT: Engineering and Science Partner
Marketing Director, Principal
KEYWORD: CALIFORNIA ILLINOIS UNITED STATES NORTH AMERICA
SECTOR KEYWORD: PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & REAL ESTATE ASSET MANAGEMENT BANKING
SOURCE: Partner Engineering and Science, Inc.
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PUB: 08/31/2022 11:00 a.m. / DISC: 08/31/2022 11:02 a.m.