• GTRE Commercial - Valuation & Advisory Services

      value • data • experience • investment

    • GTRE Commercial.

      Full Service. Fully Prepared.

      Our Work

      GTRE Commercial works with a wide variety of clients, from large commercial companies to smaller interests in need of expertise.

      Our Mission

      We seek to meet your needs in a timely, professional and economical way. These three things together create the value and confidence in the GTRE Commercial name.

      Not Just Commercial

      In addition to commercial appraisals, we handle residential appraisals, litigation appraisals, fair value, expert witness testimony, advisory, feasibility, market studies, and consulting.

      Our Team

      Familiar faces in Valuation and Advisory.

    • GTRE Commercial. 

      Company Profile

      GTRE Commercial brings over 100 combined years of real estate expertise to the table offering a wide variety of abilities including commercial appraisals, tax abatement, eminent domain, partial interest ownership, expert witness testimony, litigation support, feasibility studies, real estate value consulting, and other related work. The depth of our appraisal team spans from traditional commercial and residential real estate to special use properties such as churches, schools, gravel pits, hospitals, golf courses, subdivisions, homeless shelters, and airports.

       

      With three Appraisal Institute MAI members among the team, the depth of experience offered is far-reaching. Since data is the lifeblood of any high-quality appraisal report, we maintain our own database. This brings accuracy to the process that is sometimes overlooked elsewhere.

       

      We are proud to maintain good standing with industry licensure, professional organizations and membership subscriptions which keep us well versed and current, contributing to high-quality real estate valuations.

       

      In addition to highly qualified and experienced staff, our clients benefit from the collaboration among team members. This brings a collegial effect to the unbiased insight and detail of the work we do, resulting in a high-quality product and satisfied clients.

       

      The people who work at GTRE Commercial understand real estate. They even have great enthusiasm in real estate as they own, operate and acquire investment properties.

       

      Work with Us

      When you hire us for your valuation needs, you are assured to have the highest qualified professional appraiser studying, analyzing and presenting your project to give you the confidence of a job well done. 

    • Services

      At GTRE Commercial, we have assembled a diverse team of talented appraisers that can handle your needs, such as:

      Appraisal / Valuation

      Legal / Business / Finance

      • Attorney and Litigation Support
      • Expert Witness Testimony
      • Property Assessment - Tax Valuations 
      • Partnership and Business Dissolution 
      • Estate / Trust Planning 
      • Marriage Dissolution 
      • Tax Reporting / Tax Abatement
      • Partial Interest Ownership
      • Investment Analysis 
      • Acquisition / Disposition 
      • Rent Comparability Studies 
      • Appraisal / Valuation 
      • Eminent Domain 
      • Partial Interest Valuation 
      • Financial Feasibilities
      Commercial Appraisals

      Property

      • Office / Warehouse
      • Industrial Buildings
      • Commercial Buildings (i.e. Retail, Office, Service)
      • Retail and Shopping Centers
      • Restaurants
      • Multi-family / Condominiums 
      • Mortgage Financing 
      • Residential Subdivisions
      • Special Use
      Commercial Development

      Land

      • Commercial Development
      • Ground Lease Valuation
      • Recreational 
      • Vacant Land 
      • Property Rights 
      • Consulting (Feasibility Analysis, Buy/Sell, Lease/Buy, Highest and Best Use, Market Study)

      Who We Work With

      Brokers / Leasing Agents

      Lenders / Investors

      Asset Managers

      Buyers, Sellers and Owners

      Developers

      Lawyers

      Private Individuals

      Trust Departments

      Government Entities

      Accountants

      Realtors

      We service the Twin Cities, and also outstate Minnesota as well as North Dakota, South Dakota, Iowa, Wisconsin, and Nebraska.

    • Our Team.

      GTRE Commercial: A new name with familiar faces in Valuation and Advisory.

      Gordon Tuchenhagen, MAI

      Principal and Co-Founder,

      GTRE Commercial

      Valuation & Advisory Services

       

      Past projects encompass a wide variety of property types including office, retail, industrial, multifamily, hotel/motel, convenience store, medical office, restaurant, corridors, partial interest, and other special purpose properties located both locally and internationally.

       

      O: 952-491-4061

      C: 612-418-4059

      gordon.tuchenhagen@gtrevas.com

       

      See Gordon's Full Bio

       

       Tad S. Marinac, MAI

      Principal and Co-Founder,

      GTRE Commercial

      Valuation & Advisory Services

       

      Appraisal experience has been in the fee preparation of real estate appraisals, feasibility studies, rent analyses and market studies of commercial, industrial, multifamily residential and special use properties.

       

      O: 952-491-4062

      C: 952-994-0319

      tad.marinac@gtrevas.com

       

      See Tad's Full Bio

       

       

      Kara Olson

       

      Principal,

      GTRE Commercial

      Valuation & Advisory Services

       

       

      Ms. Olson has experience providing real estate appraisals, consultations, and litigation support for financial institutions, developers, individual and corporate property owners and attorneys.

       

      O: 952-491-4063

      C: 612-845-3365

      kara.olson@gtrevas.com

       

      See Kara's Full Bio

      Gregory S. Hewitt, MAI

      Principal,

      GTRE Commercial

      Valuation & Advisory Services

       

       

      20 Years of commercial real estate experience including analysis, underwriting, acquisitions, leasing, and appraising a range of property types including office, retail, industrial, self-storage, multi-family, net lease, and special uses.

       

      O: 952-491-4066

      C: 612-940-9097

      greg.hewitt@gtrevas.com

       

      See Greg's Full Bio

      Jason Oberhamer

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

      Mr. Oberhamer has 11 years of finance and real estate experience that transfers directly to his appraisal work. His focus with GTRE is with multifamily residential projects.

      Prior to appraisal work, Mr. Oberhamer was a financial analyst and trader managing financial instruments and real estate holdings.

       

      O: 952-491-4064

      C: 612-832-0965

       jason.oberhamer@gtrevas.com

       

      See Jason's Full Bio

      Alex Pope

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

      Mr. Pope has been with GTRE for three years including internship, research, and appraisal work.

       

      O: 952-491-4065

      alex.pope@gtrevas.com

       

      See Alex's Full Bio

      Alex Oldefendt

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

      Mr. Oldefendt is an associate with over 10 years of real estate experience within the Twin Cities metropolitan area and Western Wisconsin.

       

      O: 952-491-4067

      C: 651-328-4298

       

      See Alex's Full Bio

      Matt DeVriendt

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

      Mr. DeVriendt is an associate with over 10 years of real estate involvement appraising, managing, and investing in real estate.

       

      O: 952-855-8890

      C: 612-418-8683

       

      See Matt's Full Bio

      Lisa Marinac

      Residential Associate,

      GTRE Commercial

      Valuation & Advisory Services

      Ms. Marinac is a Residential Associate of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. She has over 10 years of real estate involvement appraising, managing, and investing in real estate.

       

      O: 952-491-4062

      C: 612-703-1307

       

      See Lisa's Full Bio

    • Company Retreats

      GTRE Team and Families Enjoy Breckenridge and Mexico

    • Contact Us

      6975 Washington Ave. S. Suite 205, Edina, MN 55439

      Submit

    • Professional Profiles:

      Our team. In depth.

    • Professional Profile:

      Gordon Tuchenhagen, MAI

      Principal and Co-Founder,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952.491.4061

      C: 612.418.4059

      gordon.tuchenhagen@gtrevas.com

       

      Mr. Tuchenhagen is a Principal and Co-Founder of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. He has over 23 years of real estate and appraisal experience.

       

      Appraisal experience has been in the fee preparation of real estate appraisals, feasibility studies, rent analyses and market studies of commercial, industrial, multifamily residential and special use properties.

       

      Past projects encompass a wide variety of property types including office, retail, industrial, multifamily, restaurant, corridors, partial interest, tax appeal, eminent domain, hotel/motel, convenience store, medical office, and other special purpose properties located both locally and internationally. Geographic focus is in the Twin Cities metropolitan area, however Mr. Tuchenhagen has significant experience throughout Minnesota, the upper Midwest as well as nationally.

       

      Mr. Tuchenhagen is also owner and founder of a commercial real estate valuation database platform. As well, he oversees ongoing development, investment and management of residential income properties.

       

      Education

       

      Bachelor of Science, Business Finance, University of Minnesota, Carlson School of Management, Minneapolis

       

      Mini Master of Real Estate Development, Center for Business Excellence, University of St. Thomas, Minneapolis

       

      Licenses/Certifications

      • Certified General Real Property Appraiser: State of Minnesota
        (No. 20090481)

      • State Certified General Appraiser: State of South Dakota (No.1046CG)

      • General Real Property Appraiser: State of Iowa (No.CG03314)

      Professional

      • Appraisal Institute – Designated Member (MAI)

      • City of Edina, Board of Appeal and Equalization (2007-2013)

      Experience

       

      2015-current

      Principal/Managing Partner, GTRE Commercial, LLC, Edina

       

      2009-current

      Owner, Tuchenhagen Property Holdings, Edina

       

      2002-2015

      Vice President/Senior Real Estate Analyst, CBRE, Minneapolis

       

      1997-2002

      Senior Associate Appraiser, Nicollet Partners, Inc., Minneapolis

       

      1992-1996

      Associate Appraiser, Doggett & Kowalchuk, Thunder Bay, ON

    • Professional Profile:

      Tad S. Marinac, MAI

      Principal and Co-Founder,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4062

      C: 952-994-0319

      tad.marinac@gtrevas.com

       

      Mr. Marinac is a Principal and Co-Founder of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. He has over 22 years of real estate and financial management experience.

       

      Appraisal experience has been in the preparation of real estate appraisals, feasibility studies, rent analyses, and market studies of commercial, industrial, multifamily residential and special use properties. Primary geographical focus is in the Twin Cities metropolitan area, however Mr. Marinac has significant experience throughout Minnesota, the upper Midwest as well as nationally.

      Residential real estate experience includes the preparation of over 1,000 appraisal reports including single family, townhome, condominium, subdivisions, and land valuation.

       

      Mr. Marinac also serves as an appointed Commissioner on the Minneapolis Board of Equalization regarding real property tax petitions and has served as an appointed Commissioner for Hennepin County.

       

      Education

       

      Bachelor of Liberal Arts, Gustavus Adolphus College, St. Peter, MN

       

      Bachelor of Science, Winona State University, Winona, MN

       

      Licenses/Certifications

      • Certified General Real Property Appraiser: State of Minnesota (No. 20189751)

      • State Certified General Appraiser: State of North Dakota (No. CG-21505)

      Professional

      • Appraisal Institute – Designated Member (MAI)

      • Appointed Commissioner – Minneapolis Board of Equalization (2007-current)

      • Appointed Commissioner-Hennepin County

      • Board of Directors – Lake Community Bank

      • Board of Directors – Appraisal Institute, Northstar Chapter

      Experience

       

      2015-current

      Principal and co-founder, GTRE Commercial, LLC, Edina
       

      2005-current

      Principal, Nokomis Appraisals, Minneapolis

       

      2005-2015
      First Vice President, Senior Real Estate Analyst, CBRE, Inc.
       

      2003-2004
      Appraiser, Colliers Turley Martin Tucker, Minneapolis

       

      1999-2003
      Associate Appraiser, Nicollet Partners, Minneapolis
       

      1995-1999
      Sales Consultant, Colorspan Corporation, Eden Prairie

       

      1993-1995
      Branch Manager, TransAmerica Financial, Minneapolis

    • Professional Profile:

      Kara Olson

      Principal,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4063

      C: 612-845-3365

      kara.olson@gtrevas.com

       

      Ms. Olson is a Principal and Co-Founder of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. She has over 10 years of real estate involvement in appraising and investing.

       

      Ms. Olson has experience providing real estate appraisals, market rent studies, consultations, and litigation support for financial institutions, developers, individual and corporate property owners and attorneys. Her appraisal knowledge encompasses a wide variety of property types including low income housing and market rate multifamily residential, retail, hotel/motels, mobile home parks, office, industrial, net-leased investments, medical office buildings, restaurants, residential subdivisions and other special purpose properties.

       

      Assignments have focused in the Minneapolis/St. Paul metropolitan area, the St. Cloud area, and the Fargo/Moorhead area. However, they span the states of Minnesota, North Dakota, South Dakota, Wisconsin, Iowa and Nebraska.

       

      Education

       

      Bachelor of Science, Real Estate, St. Cloud State University, St. Cloud, MN

       

      Licenses/Certifications

      • Certified General Real Property Appraiser: State of Minnesota (No. 20517372)

      • Certified General Real Property Appraiser: State of North Dakota (No. CG-21386)

      • Certified General Real Property Appraiser: State of Wisconsin (No. 1946-10)

      • Resident Real Estate Salesperson: State of Minnesota (No.40161913)

      Professional

      • Appraisal Institute – Candidate for Designation

      • Minnesota Commercial Real Estate Women - Member

      • St. Cloud State Real Estate Alumni Association - Member

      • Minneapolis Area Association of REALTORS - Member

      Experience

       

      2015-current

      Principal/Co-founder, GTRE Commercial LLC, Edina

       

      2006-2015

      Senior Real Estate Analyst, CBRE, Inc., Minneapolis

       

      2005-2006

      Staff Appraiser, Rating, Inc., Eden Prairie

       

      2004-2005

      Insurance Servicing, Glaser Financial Group, St. Paul

    • Professional Profile:

      Gregory S. Hewitt, MAI

      Principal,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4066

      C: 612-940-9097

      greg.hewitt@gtrevas.com

       

      Mr. Hewitt has over 20 years of commercial real estate involvement. His significant experience has been in the preparation of real estate appraisals, fair value analyses, and market studies of commercial properties. Past projects encompass a wide variety of property types including office, retail, industrial, multi-family, restaurant, net lease, and special purpose properties. Extensive skill has been attained in office and retail properties.

       

      Prior to appraisal, Mr. Hewitt represented landlords, advised tenants, underwrote mortgages, analyzed acquisitions and assisted in dispositions, all of which add depth and value to his appraisal work.

       

      Mr. Hewitt’s geographic focus is in Minnesota and the Twin Cities metropolitan area. However, Mr. Hewitt has experience in the upper Midwest as well as nationally.

       

      Education

       

      Bachelor of Science, Finance and Management Information Systems, Iowa State University, Ames, Iowa

       

      Licenses/Certifications

      • Certified General Real Property Appraiser: State of Minnesota (No. 20376876)

      • Minnesota Licensed Real Estate Agent (License No. 20236233)

      Professional

      • Appraisal Institute – Designated Member (MAI)

      • National Association of REALTORS

       Experience


      2015-current
      Principal, GTRE Commercial, LLC

       

      2002-2015

      Vice President, Valuation Advisory Services, CBRE, Inc.

       

      2000-2002

      Associate, Office Leasing, CB Richard Ellis

       

      1998-2000

      Real Estate Analyst, Principal Capital Management

       

    • Professional Profile:

      Jason Oberhamer

      Associate,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4064

      C: 612-832-0965

      jason.oberhamer@gtrevas.com

       

      Mr. Oberhamer has 11 years of finance and real estate experience that transfers directly to his appraisal work. His focus with GTRE is with multifamily residential projects.

       

      Prior to appraisal work, Mr. Oberhamer was a financial analyst and trader managing financial instruments and real estate holdings. He also owned and operated a residential property management company.

       

      Assignments have focused in the Minneapolis St. Paul metropolitan area, however, they span throughout the state of Minnesota.

       

      Education

       

      Bachelor of Liberal Arts, Economics Major in Finance and Management,

      Gustavus Adolphus College, St. Peter, MN

       

      Licenses/Certifications

      • Trainee, General Real Property Appraiser: State of Minnesota (No. 40315841)

      Professional

      • Appraisal Institute – Associate Member

      Experience

       

      2015-current

      Associate, GTRE Commercial, LLC, Edina

       

      2008-2015

      President, Cities Home Rentals, Inc., Minneapolis

       

      2004-2008

      Analyst/Trader, Harvester Investments, LLC, Minneapolis

       

      2000-2004

      Operations Manager, Wells Fargo Investments, LLC

    • Professional Profile:

      Alex Pope

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4065

      C: 612-237-3439

       

      Mr. Pope is a Business Administration graduate of St. Cloud State University Real Estate program. During Summer 2016, Mr. Pope was an intern at GTRE Commercial helping with research projects. In the Fall 2016, he began full time as a Researcher for GTRE and researches property attributes, analyses information related to value, and assists the appraisers with a variety of assignments. In Fall 2017, he obtained his trainee’s license and is working towards his certified general designation.

       

      Education

       

      Bachelor of Science, Business Degree with a Major in Real Estate, St. Cloud State University

       

      Licenses/Certifications

      • Trainee, General Real Property Appraiser: State of Minnesota (No. 40532704)

      Professional

      • Appraisal Institute - Associate Member

       

      Experience

       

      2016-current

      Associate Appraiser, GTRE Commercial LLC, Edina

       

      2015

      Sales Rep/Tech Support, Marketsource, St. Cloud

       

      2014

      Events Assistant, Holiday Inn, St. Cloud

       

      2013

      Property Maintenance, Self Employed, Golden Valley

       

       

       

       

    • Professional Profile:

      Alex Oldefendt

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4067

      C: 651-328-4298

       

      Mr. Oldefendt is an associate of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. He has over 10 years of real estate experience within the Twin Cities metropolitan area and Western Wisconsin.

      Mr. Oldefendt has experience providing real estate valuations with a variety of residential property types including single family, townhome, condominium and 2-4 unit multi-family. Assignments have been primarily focused in the regional Minneapolis/St. Paul metropolitan area. Mr. Oldefendt is adding experience in various commercial property types and is working towards attaining Certified General Real Property Appraiser licensure.

       

      Education

       

      Bachelor of Science, Real Estate, St. Cloud State University, St. Cloud, MN

       

      Licenses/Certifications

      • Certified Residential Real Estate Appraiser: State of Minnesota (No. 40436993)

      • Residential Real Estate Salesperson; State of Minnesota (No.40122554)

       Professional

      • St. Paul Area Association of REALTORS - Member

      Experience

       

      2018-current

      Associate Appraiser, GTRE Commercial LLC, Edina

       

      2014-current

      Realtor, Keller Williams Integrity Realty, Roseville

       

      2015-2018

      Residential Appraiser, Appraisal Partners, Inc., Roseville

       

      2008-2014

      Realtor, Keller Williams Premier Realty, Woodbury

       

      2008-2014

      BPO Agent/Field Inspector, Olsen Real Estate Group, Woodbury

       

       

    • Professional Profile:

      Matt DeVriendt

      Associate Appraiser,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-855-8890

      C: 612-418-8683

       

      Mr. DeVriendt is an associate of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. He has over 10 years of real estate involvement appraising, managing, and investing in real estate. Matthew has experience providing real estate valuations with a variety of residential property types including single family, townhome, condominium and 2-4 unit multi-family. Assignments have been primarily focused in the regional Minneapolis/St. Paul metropolitan area.

       

      Education

       

      Bachelor of Science, Business, Saint Mary’s University of Minnesota

       

      Licenses/Certifications

      • Certified Residential Real Estate Appraiser: State of Minnesota (No. 40478995)

       Professional

      • · Minneapolis Area Association of REALTORS – Member

      Experience

       

      2019-current

      Associate Appraiser, GTRE Commercial LLC, Edina

       

      2009-current

      Owner/Operator, Residential Investment Property

       

      2016-2019

      Residential Appraiser, Appraisal Partners, Inc., Roseville

       

      2013-2018

      Vice President/Owner, Berry Blast Yogurt, Inc.

       

      2011-2014

      President/Owner, McCauley & DeVriendt Properties, LLC

       

       

       

    • Professional Profile:

      Lisa Marinac

      Residential Associate,

      GTRE Commercial

      Valuation & Advisory Services

       

      O: 952-491-4062

      C: 612-703-1307

       

      Ms. Marinac is a Residential Associate of GTRE Commercial Valuation & Advisory Services, based in Edina, Minnesota. She has over 10 years of real estate involvement appraising, managing, and investing in real estate. She also holds a real estate broker’s license and works with buyers and sellers in the Twin Cities area.

       

      Appraisal experience has been in the fee preparation of real estate appraisals, feasibility studies, rent analyses and market studies of single family, townhome, condominium, hobby farm, and 2-4 unit residential properties.

       

      Assignments have focused in the nine county Minneapolis St. Paul metropolitan area, and the Superior, Wisconsin area; however, they span the state of Minnesota.

       

      Education

       

      Bachelor of Arts, Biology & Psychology, Gustavus Adolphus College, St. Peter, MN

       

      Licenses/Certifications

      • Certified Residential Real Estate Appraiser: State of Minnesota (No. 20432398)

      • Real Estate Broker; State of Minnesota (No.40363254)

       Professional

      • Minneapolis Area Association of REALTORS - Member

      Experience

       

      2015-current

      Residential Associate, GTRE Commercial LLC, Edina

       

      2003-current

      Principal, Nokomis Appraisals, Minneapolis

       

      2004-current

      Owner/Operator, residential and industrial investment properties

       

      2014-current

      Broker/Owner, Keys Realty, Minneapolis

       

      2006-2014

      Realtor, Century21/MarketLink Realty

       

       

    Copyright © 2015 GTRE Commercial.

     

    6975 Washington Ave. S. Suite 205, Edina, MN 55439 phone 952.491.4061

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