In the least certain market in more than 15 years, understanding the value of a property has taken on a recharged importance and a new layer of difficulty. With an estimated $1.2T in commercial mortgages set to mature by the end of 2025 and an existential reset occurring in the office market, commercial property owners are going to the bank in droves, searching for refinancing options to keep their properties afloat. 
Those who play a major role in setting values used by owners and lenders to refinance or sell a property are also those who tend to fly under the radar in an industry filled with big personalities and bigger dollar values. Appraisers are needed for just about every CRE transaction and in today’s market have an even larger role as the playing field realigns. “Beyond the general role of an appraiser in any market, in today's market it becomes even more crucial,” said Keyvan Ghaytanchi, chief investment officer at BEB Capital. “You have a lot of uncertainty as to values. There's a lot of conservative lenders. … When you have volatility, most people just become more conservative to be safe. To have an appraiser who can counteract that a little bit and bring some sanity to the table is always helpful.” Click here to read the full story. | 
