Podcast: FTI Experts’ Hub: Why Property Valuations Diverge
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April 15, 2026
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Listen to the Podcast | Read the Full Feature | Watch on YouTube
In the FTI Experts’ Hub podcast hosted by Commercial Property Executive, Senior Editor Laura Valean speaks with Mark Dunec, Senior Managing Director and Co-Leader of Real Estate Valuation Services, about what is driving growing disconnects in commercial real estate valuations and how investors can reduce the risk of appraisal surprises. The conversation explores how higher interest rates, tighter credit conditions and shifting tenant behavior are contributing to what Mark describes as a “profound structural reset” in property values. They examine the root causes behind diverging valuations, including inconsistent assumptions, flawed methodologies and confusion between market and investment value as well as the critical role of certified appraisers and standardized frameworks in maintaining credibility. Mark also shares real-world examples of valuation gaps, highlights common mistakes when commissioning appraisals and offers practical guidance for navigating valuation volatility across property types in today’s complex and evolving market.
Time Breakdown:
- Why there’s more divergence in practice today (1:23)
- Certified appraisers vs. other professionals offering opinions of value (2:19)
- USPAP adherence (5:11)
- Why incorrect problem identification is “ground zero” for valuation discrepancies (6:42)
- Confusion between market value and investment value (9:53)
- Common reasons why valuations differ even when professionals are certified (12:02)
- How the current economic environment is influencing appraisal outcomes (18:02)
- A structural reset or cyclical repricing? (19:05)
- Typical mistakes when commissioning a valuation today (19:50)
- How to reduce the risk of appraisal surprises (20:58)
- Valuation volatility across property types (21:40)
- Where property valuations will be trending in the U.S. (22:50)
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Published
April 15, 2026
Key Contacts
Senior Managing Director, Co-Leader of Real Estate Valuation Services