Business Details
Expert Commercial Property Valuation Services
At GREAC, we bring over 70 years of combined experience in commercial real estate appraisal and consulting, backed by the prestigious MAI designation from the Appraisal Institute and advanced degrees in real estate and finance. Our team serves a diverse clientele ranging from individual investors to Fortune 500 companies, delivering precise valuations and strategic insights tailored to each property's unique characteristics. Specializing in group living properties such as senior housing, residential treatment centers, and multifamily developments, we provide comprehensive services including tax appeals, estate settlements, litigation support, and Low Income Housing Tax Credit (LIHTC) applications. Our process leverages a dedicated team of researchers and analysts to uncover value drivers, ensuring unparalleled accuracy and defensibility in every report.With nationwide reach and a commitment to innovation, we combine decades of industry expertise with cutting-edge methodologies to address complex valuation challenges. Our leadership team, including Michel Glower, PhD, MAI, and Paul Williams, MAI, Retired, brings a holistic perspective shaped by careers in academia, software development, home building, and large-scale appraisal operations. We prioritize transparency, client collaboration, and adherence to the highest professional standards, ensuring our clients receive actionable, data-driven solutions that meet regulatory requirements and support informed decision-making.
Services
Commercial Appraisal
Tax Appeals
Rent Studies
Market Analysis
Feasibility Studies
Tax Credit Applications
Divorce Settlements
Litigation Support
Agency-Compliant Valuations
Consulting Services
Highlights and features
- We offer 70+ years of combined experience in commercial real estate appraisal.
- Our team holds MAI designations and advanced degrees in real estate and finance.
- We provide data-driven valuations supported by dedicated research analysts.
- We serve clients nationwide with expertise in specialized property types.
- Our process identifies unique value drivers for accurate, defensible results.
Associations and certifications
- Appraisal Institute (MAI)
Services
Commercial Appraisal
We deliver precise commercial real estate valuations for financing, tax appeals, and litigation. Our MAI-certified appraisers analyze market trends, property features, and income potential to determine accurate values. Our reports meet HUD, Fannie Mae, and Freddie Mac standards.
Tax Appeals
Our team challenges inflated property tax assessments through data-driven analysis. We prepare comprehensive market studies demonstrating fair value to reduce tax burdens. Services cover multifamily, senior housing, and commercial properties nationwide.
Rent Studies
We conduct HUD-compliant Rent Comparability Studies (RCSs) for Section 8 housing. Our analysts evaluate local market rents, property amenities, and regulatory requirements to establish fair rental rates for tax credit applications.
Market Analysis
Our market studies assess development potential, rental projections, and investment viability. We analyze supply-demand dynamics, zoning regulations, and economic trends to guide real estate decisions for institutional and private clients.
Tax Credit Applications
We prepare appraisals and market studies for Low Income Housing Tax Credit (LIHTC) applications. Our reports meet state agency and HUD requirements, ensuring compliance while maximizing tax credit eligibility for affordable housing projects.
People
Michel Glower
MAI, PhD
Michel Glower combines real estate appraisal expertise with academic research and tech innovation. Formerly a real estate professor and software developer, she co-founded a real estate tech startup. Her holistic approach identifies value drivers in complex properties.
J. Paul Williams
MAI Retired
Paul Williams brings 50+ years of real estate experience as an appraiser, economist, and home builder. Formerly led a 54-employee appraisal firm, he specializes in investment analysis, property valuation, and regulatory compliance for commercial real estate.
Questions
What commercial property types do you specialize in?
We specialize in group living properties including senior housing, residential treatment centers, and multifamily developments, with expertise in HUD-compliant valuations and tax credit applications.
Do you provide nationwide appraisal services?
Yes, we offer commercial appraisal and consulting services across all 50 states, with extensive experience in agency-compliant valuations for HUD, Fannie Mae, and Freddie Mac.
How do you ensure valuation accuracy?
Our appraisers work with dedicated researchers to analyze market data, property-specific factors, and income potential. This rigorous process ensures defensible, data-driven valuation conclusions.
Can you assist with tax credit applications?
We prepare market studies and appraisals for Low Income Housing Tax Credit (LIHTC) applications, ensuring compliance with state agencies and HUD requirements to maximize tax credit eligibility.
What experience does your team have?
Our senior staff holds MAI designations from the Appraisal Institute with 70+ combined years in real estate valuation, including academic research, software development, and large-scale appraisal operations.
