Qval was founded by Jerry W. Witte Jr., MAI, CRE, FRICS. Mr. Witte formed this entity by executing a buyout from his partners at Hein & Associates, LLP and moving the practice to a new entity.
Mr. Witte, the CEO and founding member of Qval began his career in 1989 after receiving a Master’s Degree in Land Economics and Real Estate from Texas A&M University. Mr. Witte received his institutional experience at Price Waterhouse, which later became PricewaterhouseCoopers. During these years, he became an active member and mainstay in the National Council of Real Estate Investment Fiduciaries, the organization which sets the majority of accounting and investment return standards within the institutional real estate world.
After ten years at Price Waterhouse, Jerry Witte accepted an opportunity to become a Partner and National Director of Real Estate Advisory Services in a regional accounting firm called Hein & Associates LLP. For four years, Mr. Witte continued to develop strong and loyal relationships within the investment community and maintained his active membership within NCREIF.
In February 2004, Mr. Witte negotiated the buyout of his entire practice from Hein & Associates LLP and established a separate entity through which to continue providing specialized consulting and valuation services. The newly formed Qval Property Advisors moved into offices in Houston and Orange County, California and has continued to grow both the client base and the list of services offered.
We wanted to make sure that we provide Quality Valuations. We tend to ask Questions no consultant would think to ask when Validating data. Mr. Witte’s history and experience in the accounting firm environment formed the basis of creating a Quality Valuation that passes the highest audit standards.
The most common feedback we receive relates to our unmatched dedication to service. Timeliness and responsiveness are key components that Qval honors when it comes to achieving the required reporting deadlines by institutional real estate funds.