COMMERCIAL APPRAISALS

The REIS Group’s Commercial appraisal division is headed by Donald Richard Daly, Managing Partner of The REIS Group. REIS Commercial and its partners have provided Real Estate Appraisal and consulting services to corporations, individual investors, financial and other institutions since 1984 – providing a wide range of valuation, counseling and transactions.

REIS Commercial specializes in real estate valuation, transaction counseling and implementation. The company serves national financial institutions, COOP Boards, and other clients in a variety of valuation and counseling assignments. The firm’s ability to analyze complex real estate issues is enhanced by a depth and diversity of professional experience, which is uncommon and unique among appraisal firms. This experience encompasses virtually all facets of the real estate process – feasibility, development, leasing, financing, management and disposition – and affords REIS Commercial a singular advantage in understanding and meeting clients’ needs including mortgage financing, expert witness testimony, arbitrations, establishment of collateral value of existing loans, highest and best use analyses, feasibility for new construction or renovation, resetting of rent for lease renewal, current value accounting, due diligence for investment or sale, like-kind exchanges, IRS estate tax filings and – perhaps the most basic reason for obtaining an appraisal – the desire of the client to have a professional estimate of a property’s worth.

The staff of REIS Commercial have appraised properties across the United States including office buildings, regional and community shopping centers, vacant land, hotels, mixed-use structures, industrial and warehouse buildings, research and development facilities, multifamily housing including government subsidized housing and buildings subject to local rent controls, parking garages, transferable development rights and special purpose properties. Property interests have included fee simple interests, leased fees, leaseholds comprising entire buildings or individual tenants’ premises, mortgage interests, including convertible and participating mortgages, condominium and cooperative interests, fractional interests, including partnership and joint venture interests as well as property owned in corporate form.

In addition to preparing appraisals, we have also been retained to review outside appraisals to ensure that they meet regulatory guidelines, utilize acceptable procedures and are reasonable in their conclusions. Whatever the purpose, REIS Commercial approaches each appraisal assignment in a disciplined manner and with a commitment to serve the client. All appraisals are prepared in conformity with the Code of Professional Ethics of the Appraisal Institute and the Uniform Standards onal Appraisal Practice as promulgated by the Appraisal Standards Board of the Commercial Appraisal Foundation.