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Eric Reenstierna Associates, LLC is a real estate appraisal firm with offices in Cambridge, Massachusetts. Eric Reenstierna, MAI, is the office's principal and is a commercial real estate appraiser. The office takes on valuation and consultation assignments in Greater Boston, Massachusetts, and New England. The firm employs appraisers with specialties in industrial, office, apartment, retail, and other commercial properties, as well as land, school, church, and special use property.

Eric Reenstierna, MAI, is a member of the Massachusetts Chapter of the Appraisal Institute. His articles have appeared in
 The Appraisal Journal, Banker & Tradesman, and other industry publications. He is the 1996 recipient of the Appraisal Institute's Armstrong Award for "Risk Assessment" in the July, 1996, issue of The Appraisal Journal.

24 Thorndike Street
Cambridge, Massachusetts 02141-1164
Phone: (617) 577-0096
Fax: (617) 577-0196


  • market value appraisal
  • contamination valuation (loss in value)
  • divorce and estate appraisal
  • lease arbitration
  • portfolio valuation
  • court testimony
  • valuation of industrial buildings with the Baseline Map and Model


Analysts at Eric Reenstierna Associates, LLC offer expertise in the analysis of a broad range of property types in Greater Boston and New England:

  • offices and office towers
  • special use properties (school; church)
  • industrial buildings and industrial land
  • vacant land (subdivision; conservation; timber land)
  • apartment and condominiums
  • retail
  • gas station, restaurant


Staff and colleagues have contributed in recent years to the firm's newsletter, The Reenstierna Associates Report:

  • Sharon Anderson, Principal, Anderson Development Group
  • Derek Cavanaugh, Principal, Hart Street Associates
  • Daniel Clifford, MAI, Principal, Clifford Associates
  • Jeffrey Garner
  • Richard Graf, RA
  • Jose Guzman
  • Stephen M. Post, Principal, Stephen M. Post and Associates
  • Eric T. Reenstierna, MAI
  • James H. Symington, MAI, Principal, Real Property Valuators
  • William T. Whiting, Jr.


Spring 2022   Apartments 2022
Industrial Revival
The Appraisal of Car Washes
Winter 2020/2021 Land Value
Offices 2021

Summer 2020   Meeting USPAP Standards with Evaluations
The Coronavirus Effect on Apartment Prices
The Human/Machine Valuation Team
Summer 2019 Evaluations

Spring 2018   Offices: 2018
Industrials: 2018
Summer 2017 The Appraisal of New

Churches, Synagogues,
 Temples, and Mosques

Square Feet
Winter 2016
Residential, Top to Bottom
The High End
The Middle
The Low End
The Bottom Line
Spring 2014 Section 8's Impact on
Property Values

Office Parks in Transition:
a Case Study
Development Land
Spring 2013   Car Dealerships
Recent Work
Summer 2012 Workplaces in Decline
Residential Rising
Summer 2011 Pitfalls for Lenders
Pitfalls for Attorneys
Recent Work
Greater Cambridge
Apartment Index Update
Fall 2010 Apartment Index
Minority Discounts
Mystic River Cities

Winter 2009 Market Shock
Tax Credit Gold
Right Rates, Wrong Rates

Summer 2007 Net Leased Properties
2nd Street Industrial Appraisers
Summer 2006
Location, Location
Neighborhood Centers
Business Enterprise Value
Summer 2005 Office Clusters
What We Do
Who We Are

Spring 2005 Industrials 2005         
Appraisal as Science
Gas/Convenience Stores
Baseline Map 2005
Spring 2004
SROs/Rooming Houses
Data Sources
Spring 2003 Industrial 2003
Industrial Price Factors
Industrial Rates of Change
Winter 2002 What Is an Appraiser?
Gas Stations
Spring 2001 Offices 2001
The Cost Approach
Winter 2000 Schools and Colleges
Internet vs Real Estate
Spring 1998 The Big Industrials
Contamination: AULs
Summer 1997 Race Tracks
Going Concerns
Internet Tool
Fall 1996 Churches
Automated Appraisal
Winter 1995-1996 Simple Methods: Offices
Simple Methods: Retail Outlets
Simple Methods: Apartments
Spring 1995 Industrials: the GIS Map
Community Centers
Affordable Housing
Summer 1994 Restaurants
Rent Control
The Big Woods
Spring 1993 Biotech
Market Value
Industrial Buildings


"An Argument for Establishing a Standardized Method of Capitalization Rate Derivation"
The Appraisal Journal
- Fall 2008 - The article discusses problems with present methods of cap rate calculation and proposes a solution.
The Appraisal Journal, Fall 2008

The Appraisal Journal, July 1997

"Industrials: The Baseline Method"
The Appraisal Journal - July 1997 - The article discusses an automated valuation model for industrial buildings in Greater Boston.

"Risk Assessment"
The Appraisal Journal - July 1996 -The article discusses information and analyses that appraisers can provide in addition to standard valuation. The article won the Appraisal Institute's Armstrong Award for Best Article in 1996.
The Appraisal Journal, July 1996

The Appraisal Journal, April 1988

"The Abutter Approach"
The Appraisal Journal - April 1988 - The article discusses method of estimating the value of a property to its abutters.

"Alternatives to Point Estimates"
The Appraisal Journal - January 1985 - The article discusses more complete methods of describing value than expression as a single number.
The Appraisal Journal, January 1985

The Baseline Model

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