Property Sciences and Marcus & Millichap Form Strategic Alliance

PLEASANT HILL, Calif., July 8 /PRNewswire/ -- Property Sciences, a national real estate appraisal and consulting firm, has formed a strategic alliance with Marcus & Millichap Real Estate Investment Services, the nation's largest real estate investment services firm.  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.

"Property Sciences assists lenders with the valuation of commercial real estate portfolios on a national scale," states Andrew Mekjavich, VP at Property Sciences' corporate headquarters in Pleasant Hill, CA.  "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 brings the dual professional perspectives of a real estate broker and a licensed appraiser, combined into one unique report.  "We've listened to the needs of our lender clientele and responded with products to address regulatory concerns related to examination compliance, impairment calculations, risk monitoring, asset and loan restructuring, and asset disposition," explains Mekjavich.

Marcus & Millichap's reputation as the leader in investment sales nationally and its unique platform align with Property Sciences' successful lender-consulting business model and history of technological innovation.

"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, REOs and other distressed situations."

"We review portfolios of properties by geographic market and asset type. Our products and services allow lenders to pinpoint under-performing properties and analyze risk associated with these assets," Mekjavich explains.  "Using local, regional and national asset performance statistics, portfolio-level stress tests are used to quantify the impact of changing economic conditions on commercial real estate portfolios."  

With more than 1,200 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation.  For more information on Marcus & Millichap visit www.MarcusMillichap.com.

About Property Sciences

Founded in 1984 by Paul Chandler, MAI, Property Sciences is a nationwide full-service appraisal and consulting firm providing residential and commercial appraisals, reviews, portfolio valuation services, and HVCC-compliant appraisal management platform technology solutions for residential mortgage lenders and investors.  Corporate headquarters are located in the greater San Francisco bay area with offices in Los Angeles, New York, Chicago, Atlanta, Portland, and Dallas.  For more information, please visit www.PropSci.com.

SOURCE Property Sciences