10 — November 2025 — Lenders Directory — Financial — M id A tlantic Real Estate Journal
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Lenders Directory
hen most people think of real estate appraisers, they pic- By Carlo L. Batts, MAI, Rittenhouse Appraisals and The Reduxx Group Beyond Property Valuation: The Expanded Role of Commercial Real Estate Appraisers W
After years in this industry, I’ve watched our profession evolve from pure valuation work to becoming strategic advisors across multiple facets of commercial and residential real estate. Here are some ways appraisers serve beyond traditional property valuations. Market Analysis and Feasibility Studies Before investing millions in a development project or major acquisition, property owners and developers need to understand where market fundamentals are headed. Will demand support new construc- tion? Where is the next emerg-
more than they should simply because no one is regularly reviewing their assessments. We work with owners to analyze whether their assessed values accurately reflect cur - rent market conditions. This involves understanding local assessment methodologies, comparing properties to similar assets in the jurisdiction, and identifying discrepancies that could justify an appeal. The stakes are particularly high for owners of properties in multiple states, as it means dealing with different assess- ment cycles, appeal deadlines, and valuation approaches.
ing market? What asset types offer the best opportunities? This is where experienced appraisers provide critical strategic value. We analyze market trends, study supply and demand dynamics, evalu- ate demographic shifts, and identify indicators that signal where opportunities exist. Our market analysis goes beyond current conditions to help cli- ents anticipate where markets are moving. Tax Assessment Review Property taxes represent one of the largest, ongoing expenses for commercial prop- erty owners, yet many pay
We help owners navigate this complexity, prioritizing which properties offer the greatest opportunity for tax reduction and assisting throughout the appeal process. Expert Witness Testimony When property valuations be- come part of litigation, through tax appeals, condemnation pro- ceedings, partnership disputes, or divorce cases, the expert tes- timony of a real estate profes- sional can determine outcomes worth significant dollars. Serving as an expert witness requires more than appraisal skills. It demands the ability to explain complex valuation concepts clearly to judges and juries, defend methodologies under cross-examination, and present findings in a credible, unbiased manner that with- stands legal scrutiny. We’ve provided expert testi- mony across various legal con- texts, from challenging munici- pal tax assessments to valuing properties in eminent domain cases. The key is combining technical expertise with the communication skills necessary to make complicated concepts accessible to non-experts mak- ing critical decisions. Beyond these core areas, real estate appraisers rou- tinely assist with eminent domain and condemnation matters, dispute resolution in divorces and foreclosures, zoning issues, feasibility stud- ies, market rent analyses, investment return projections, land utilization studies, and supply-demand assessments. Each of these services draws on the foundational skills of un- derstanding property markets, analyzing comparable transac- tions, and applying rigorous methodologies. Yet each of these skills is then applied to different business challenges. The commercial real estate landscape has grown increasing- ly complex, and property owners face challenges that extend well beyond knowing their assets value. Experienced apprais- ers have evolved to meet these needs, offering strategic guid- ance helping clients navigate complex transactions, resolve disputes, optimize investments, and make informed decisions backed by solid market analysis and decades of experience. Carlo L. Batts, MAI is the principal of Rittenhouse Appraisals and The Reduxx Group, both based in Center City Philadelphia. MAREJ
ture someone determining what a prop- erty is worth. While valu- ation is cer- tainly core to what we do, the reality is that expe-
rienced appraisers bring a broader set of capabilities to the table, with skills that can help solve complex business challenges and save clients significant time and money. Carlo L. Batts
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