About Us
S. Patz & Associates is a Potomac Falls, Virginia-based real estate consulting firm with over two decades of industry experience. The firm provides comprehensive market research and strategic consulting services to clients in the private and public sectors, including lenders, developers, builders, investors, and public agencies.
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Known for its rigorous, data-driven approach, S. Patz & Associates applies a consistent analytical framework grounded in demographic, economic, and real estate market data to deliver objective insights and actionable recommendations. Clients rely on the firm to conduct due diligence, guide investment decisions, and assess the feasibility of proposed development projects across a range of asset types.
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With a portfolio that includes hundreds of completed studies, S. Patz & Associates has established itself as a trusted advisor to both private and public sector clients. The firm’s expertise encompasses rental and for-sale housing, senior living, commercial and industrial development, hotels, and mixed-use projects. It also frequently partners with housing finance agencies, planning departments, and economic development organizations to support public policy as well as local and regional planning efforts.
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S. Patz & Associates combines market intelligence with clear, well-supported conclusions tailored to each client’s goals, regulatory requirements, and financial context. Its findings are frequently used in applications for tax credits, zoning approvals, bond financing, and other entitlement processes. In addition, the firm’s analysis plays a key role in demonstrating market feasibility for financing while informing project design, scale, and phasing.
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Our core services include:
Rental Housing Market Studies
We conduct market studies across the United States for a variety of rental housing types, including general occupancy, student, and special needs housing, as well as mixed-use developments. Our expertise also encompasses senior housing, including assisted living, independent living, and memory care. We provide both preliminary and comprehensive feasibility studies for internal use or for submission to financial institutions and lenders, such as HUD, under the Multifamily Accelerated Processing (MAP) guidelines.
Affordable Housing Market Studies
We work closely with for-profit and non-profit housing developers, routinely conducting market studies for affordable housing communities, including Low-Income Housing Tax Credit (LIHTC) properties for families, seniors, and special needs populations, including people with disabilities and veterans. S. Patz & Associates is approved by multiple state housing agencies and serves as a trusted provider for national tax credit syndicators.
For-Sale Housing Market Studies
We conduct housing studies for various for-sale housing types, including single-family homes, townhomes, condominiums, and specialized markets such as retirement and resort housing. Our expertise extends to feasibility studies for large master-planned communities, smaller subdivisions, infill projects, and active adult communities.
Hotel and Resort Market Studies
We provide market research and feasibility analysis for hotel and resort developments of all types. Recognizing the vital role these facilities play in promoting tourism and economic growth, we deliver customized reports that help developers and operators succeed in this dynamic sector.
Commercial and Industrial Market Studies
We assess the feasibility of commercial developments, including retail, office, self-storage, and industrial spaces, for both private and public sector clients.
Area-Wide Housing Studies
We conduct area-wide studies to help public agencies develop housing strategies. Our work with state housing agencies, planning departments, and economic development organizations provides data-driven insights into local housing markets, guiding the creation of informed housing policies and strategies.
Fiscal Impact Analyses
Our fiscal impact analyses assess the viability of development projects by examining their net fiscal balance for local governments. We evaluate municipal finances using sophisticated models, including those developed by the U.S. Bureau of Economic Analysis’ RIMS II data, to measure the economic impacts of projects on local communities, institutions, and businesses.
Appraisals
We offer specialized appraisal services for multifamily properties, with expertise in both market-rate and affordable housing, including HUD MAP, Section 8, LIHTC, and USDA programs. The firm has completed hundreds of HUD-compliant appraisals covering Sections 223(f), 221(d)(4), 231, 241, and 220, as well as Rent Comparability Studies (RCS) that meet Section 8 Renewal Guide standards. We also provide appraisals for LIHTC applications across the Mid-Atlantic region, support Fannie Mae and Freddie Mac financing, and conduct USDA portfolio valuations. Additional services include appraisal reviews, such as HUD MAP Quality Control and RCS reviews for state Housing Assistance Payment (HAP) administrators.
Proffer Analyses
Developers and municipalities throughout Virginia engage us to assess and calculate impact fees, which are one-time charges that fund capital improvements necessary to support new developments. Our detailed reports provide legally sound recommendations for proffer amounts based on project-specific characteristics and the needs of local jurisdictions. We address the potential impacts of rezonings and outline tailored mitigation strategies to support public services such as schools, police, fire and rescue, and parks.