Greenfield Advisors
Encyclopedia
Greenfield Advisors LLC is a real estate and business consulting firm headquartered in Seattle, Washington. Originally known as Mundy Associates, it was founded in 1976 by Bill Mundy, the land economist for Weyerhaeuser Corporation. In the 1980s, Mundy and his firm became internationally recognized in the real estate appraisal
profession as the leading authorities on the analysis and valuation of property impacted by environmental factors. The firm was engaged by attorneys representing many of the landholders in Alaska to evaluate the impacts of the Exxon Valdez oil spill
, and its research resulted in development of many of the more advanced methods widely used in the appraisal profession today. In 2007, the Appraisal Institute
designated Mundy's 1992 article on "Valuation of Contaminated Property" one of the nine "Big Ideas" in the history of the valuation profession.
In 2001, John A. Kilpatrick took the helm of Mundy Associates, and in 2005 the firm was re-branded Greenfield Advisors to accommodate its substantial growth into other areas of real estate advisory services. In recent years, the firm has become widely recognized as authorities on brownfield valuation, complex litigation support, contaminated property, complex real estate investments, and appraisal standards.
Real estate appraisal
Real estate appraisal, property valuation or land valuation is the process of valuing real property. The value usually sought is the property's Market Value. Appraisals are needed because compared to, say, corporate stock, real estate transactions occur very infrequently...
profession as the leading authorities on the analysis and valuation of property impacted by environmental factors. The firm was engaged by attorneys representing many of the landholders in Alaska to evaluate the impacts of the Exxon Valdez oil spill
Exxon Valdez oil spill
The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, on March 24, 1989, when the Exxon Valdez, an oil tanker bound for Long Beach, California, struck Prince William Sound's Bligh Reef and spilled of crude oil. It is considered to be one of the most devastating human-caused...
, and its research resulted in development of many of the more advanced methods widely used in the appraisal profession today. In 2007, the Appraisal Institute
Appraisal Institute
The Appraisal Institute is a global membership association of professional real estate appraisers, with more than 25,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional...
designated Mundy's 1992 article on "Valuation of Contaminated Property" one of the nine "Big Ideas" in the history of the valuation profession.
In 2001, John A. Kilpatrick took the helm of Mundy Associates, and in 2005 the firm was re-branded Greenfield Advisors to accommodate its substantial growth into other areas of real estate advisory services. In recent years, the firm has become widely recognized as authorities on brownfield valuation, complex litigation support, contaminated property, complex real estate investments, and appraisal standards.