Partner Engineering & Science, an engineering, environmental and energy consulting services company, has formed a new real estate asset valuation firm, Partner Valuation Advisors.
The new company will be led by commercial real estate industry veterans Brandon Nunnink and Eric Enloe, who are co-founders and senior managing directors in the national practice. The pair are based in Chicago and bring more than 40 years of combined valuation and advisory experience including valuing more than $2 trillion of assets.
Partner Valuation Advisors said it aims to be a technology-forward advisory firm that will serve the needs of investors, lenders and real estate occupiers.
“Partner’s goal is to make real estate investing easier, faster and safer for our clients,” said Joseph Derhake, founder and CEO of Torrance, California-based Partner Engineering, in a statement. “Bundling the appraisal with the Phase I Environmental Site Assessment and Property Condition Assessment makes the process easier and faster. When the reports match and address issues in a concerted way, the client will see more intelligent advice.”
Partner said the need for accurate and rapidly deployed asset evaluations is critical to make smart investment and lending decisions in today’s volatile market, and increasingly complex transactions require a high level of expertise.
“Partner Valuation Advisors will offer a fresh, tech-forward advisory approach from day one, allowing us to produce high-quality, customized valuation solutions quickly,” Nunnink said. “We are also intent on creating an innovative and collaborative culture that appeals to both seasoned valuers and the next generation of real estate professionals.”
“This is the first time a valuation firm is being paired with a team that delivers ESG [environmental, social, governance] expertise, and we think that will appeal to investors seeking to leverage that sustainability and resiliency knowledge into smarter investment decisions,” Enloe added.
Enloe was one of the founders of JLL’s Valuation & Advisory team nationally and the head of commercial valuation. He has experience valuing all asset types including office, retail, multifamily, industrial and special purpose asset types including regional malls, self-storage, manufactured housing, hotels, educational facilities and going-concern valuations on complex assets.
Nunnink previously was chief operating officer of JLL Valuation & Advisory Services in the Americas, based in Chicago. He specializes in real estate information systems, business valuations, partial interest valuations, and manufactured housing data and valuation.
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