Appraisal Institute PRINT
M E M B E R    P R O F I L E

Member_Image       
Richard Knitter, MAI
www.greatrealty.com
Great Realty Advisors
Principal
3009 35th St., Ste 300
Oak Brook, IL 60523

401 N. Michigan Avenue, Suite 1200
Chicago, IL 60611

(630) 323-9000
Fax: (630) 323-9026
Cell: (312) 806-9000
knitter@greatrealty.com
Continuing Education Program Completed
Standards & Ethics Education Completed
Accepts Fee Assignments
 

Primary Market Area
Midwestern states including Illinois, Iowa, Indiana, Ohio, Michigan, Minnesota, Kentucky, Wisconsin, and Missouri.

Primary Practice Focus
Institutional-grade retail, office, and industrial properties.

Business Services
Absorption Studies [View Experience Details ] Acquisition, Disposition  Appraisal  Appraisal Review  Asset Management  Business Valuation and Consulting  Buyer Brokerage  Conservation Valuation and Consulting  Consulting  Development Valuation and Consultation  Easement Analysis  Eminent Domain Valuation and Consulting  Environmental Valuation and Consulting  Feasibility Studies  Financial Workouts  Foreclosure / REO  Geographic Information System Analysis and Consulting  Highest and Best Use Studies  International Valuation and Consulting  Land Use Studies and Planning  Litigation / Litigation Support  Market Analysis  Mediation, Arbitration, Dispute Resolution  Non-cash Charitable Contributions  Portfolio Valuation and Analysis  Property Management  Public / Private Partnership Consulting and Valuation  Real Estate Investment Trust Consulting and Valuation  Retrospective Valuation  Valuation and Consultation for Financial Reporting 

Property Types
   Land
  Acreage (Mixed Use) [View Experience Details ] Acreage (Non-Residential)  Acreage (Residential)  Land, Transitional  Land, Urban  Open Space / Public Park  Subdivided Land / Lot (Non-Residential)  Subdivision (Commercial, Industrial, etc)  Subdivision (Residential) 
 
   Commercial
  Assisted Living / Skilled Care Facility / Nursing Home [View Experience Details ] Automobile Dealership  Banquet / Reception Hall  Day Care  Funeral Home / Mortuary Mausoleum / Cemetery / Crematory  Hospital / Surgical Hospital / Rehabilitation Center  Hotel / Resort  Medical Facility / Clinic  Motel  Movie Theatre  Office Building (High Rise, over three stories)  Office Building (Low Rise, three stories or less)  Parking Facility (Lot or Garage)  Restaurant / Bar / Night Club / Micro Brewery  Retail (Single Tenant or Free Standing)  Self Storage  Shopping Center (Local, Strip, Neighborhood, Community, Etc.)  Shopping Center (Power Center, Outlet Center, Lifestyle, Etc.)  Shopping Center (Super Regional, Regional Mall) 
 
   Industrial
  Cannery [View Experience Details ] Food Processing  Industrial (Heavy (Manufacturing)  Industrial (Small Office Warehouse / Mfg.)  Industrial Light (Distribution, Storage)  Research and Development Lab / Hi-Tech / Bioengineering  Tank Farm / Petroleum Storage  Telecommunication Facility  Truck Terminal / Hub / Transit Facility  Underground Storage 
 
   Public
  Airport / Air Cargo [View Experience Details ] Community Center / Recreation Center  Correctional Facility  Courthouse  Dormitory  Educational Institution (Public)  Fraternity / Sorority  Library  Post Office  Power Plant  Public Service / Municipal Service Building  Public Utility (Sewer / Water / Electrical / Etc.)  Railroads  Recreation and Park  Religious Facility  Train Station / Bus Terminal  University / College  Zoo / Nature Facility 
 
   Recreational
  Amphitheater / Auditorium [View Experience Details ] Amusement / Water / Theme Park  Aquatic Facility (Community / Neighborhood / Etc)  Campground  Casino  Dance Hall / Ballroom  Golf Course  Health and Fitness Club  Private Club  Racket / Tennis Club  Recreational Vehicle Park / Campground  Riverboat Casino  Skating Rink 
 
   Special Purpose
  Aquarium [View Experience Details ] Bowling Alley  Brewery / Distillery  Car Wash  Conservation Easement  Data Center  Greenhouse / Nursery  Historical Property  Landfill  Mixed Use  Natural Resources  Outdoor Sign  Private Educational Institution  Quarry / Mine  Racetrack (Horse / Dog / Automotive)  Right-of Way / Corridor Valuation (Pipeline / Rail Road / Fiber Optic, Etc.)  Stockyard  Telco Hotels / Co-location Center  Tower (Antenna, etc)  Utilities (Public and Private)  Winery 
 
   SBA Going Concern Appraisals
  Car wash properties Cold storage facilities where more than 50% of total square footage is equipped for refrigeration [View Experience Details ] Dormitories Funeral homes with crematoriums  Gas stations  Golf courses  Hospitals, surgery centers, urgent care centers and other health or medical facilities  Hotels, motels, and other lodging facilities  Nursing homes, including assisted living facilities  Service centers (e.g., oil and lube, brake or transmission centers) with pits and in ground lifts  Swimming pools  Tennis clubs  Theaters  Wineries  Railroads 
 
 
Other Professional Affiliations/Designations
American Real Estate Society
CCIM Institute
Commercial Mortgage Securities Association (CMSA)
Institute of Real Estate Management (IREM)
International Council of Shopping Centers
International Right of Way Association (IRWA)
Mortgage Bankers Association of America
National Association of Realtors (NAR)
Appraisal Section of NAR
Royal Institution of Chartered Surveyors
Society of Industrial & Office Realtors (SIOR)
Urban Land Institute

Formal Education
MBA - University of Southern California (USC), BS in Finance Real Estate - University of Illinois