Can appraisers accurately value CRE during COVID-19?

In an interview with the TreppWire podcast, Lonnie Hendry, vice president of commercial real estate product management at Trepp, shared with the show’s hosts his ideas around securing accurate evaluations of commercial properties while operating under the cloud of COVID-19. Hendry, also a professor of Finance at Texas Tech, said one of the biggest challenges appraisers are facing is providing a view on a property that can actually be backed up with hard, timely data. “That opinion has to be based on facts,” Hendry said, adding that the data used to calculate property values during periods of market stability – occupancy, revenues, cap rates and expense ratios – all come into question during a period like the current one, where sales are non-existent and comps from the last two months are largely worthless. Click to read more at