Strategic Alliance Offers CRE Portfolio Services

ty Sciences, a national real estate appraisal and consulting firm, has formed a strategic alliance with Marcus & Millichap Real Estate Investment Services. During the initial launch, Property Sciences will work with a strategic network of Marcus & Millichap's offices to provide lenders with a broad range of portfolio valuation services, the companies say. ‘Property Sciences assists lenders with the valuation of commercial real estate portfolios on a national scale,’ states Andrew Mekjavich, vice president of Property Sciences. ‘The recent alliance gives lenders the opportunity to analyze and evaluate their commercial real estate portfolios using a new suite of hybrid valuation tools.’ Property Sciences Asset Watch Suite of commercial valuation products combines the perspectives of a real estate broker and a licensed appraiser into one report. Marcus & Millichap's platform aligns with Property Sciences' lender-consulting business model, the firms say. ‘Marcus & Millichap has steadily increased its menu of services for banks, appraisers and borrowers,’ explains Stephen Stein, regional manager of the firm's Los Angeles office. ‘In 2006, the firm expanded its Special Assets Services division, and began offering more tools for lending institutions and investors facing loan delinquencies, [real estate owned properties] and other distressed situations.’ SOURCES: [link=]Property Sciences[/link], [link=]Marcus & Millichap


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