Prior & Associates was founded in Albuquerque, New Mexico in 1987 to provide land planning, market analysis and development assistance to public agencies and private developers.  Since moving to Colorado in 1991, the firm has expanded its services to include the design, preparation and implementation of community needs assessments, strategic plans, housing programs, zoning guidelines, market analyses, feasibility studies and program evaluations.

In 1997, the firm began focusing its activities on housing market research.  Our previous experiences, which ranged from preparing community-wide assessments to implementing individual projects on specific sites, allow us to understand project design, development and management issues from the perspective of designers, architects, developers, underwriters, lenders and property managers. As a result, we have developed a diverse list of clients, which includes regulatory agencies, lenders, investors, syndicators, developers, non-profit organizations and government agencies.

Over the last five years, we have completed 1,200 housing market studies, appraisals and rent comparability studies throughout the United States.  These projects included elderly, family and special needs housing developments funded through the Low Income Housing Tax Credit (LIHTC), Section 515, FHA Insurance and conventional loan programs.  Our market studies have been conducted in rural, urban and resort communities. Our appraisals have included assignments that met the requirements of Fannie Mae, Freddie Mac, and HUD.

We use the most current technological tools to provide high quality reports with efficient turnaround time.  We maintain a proprietary database program, which compiles our collective experience in conducting market research throughout the country into a knowledge base.  We then apply what we have learned to each specific assignment and individual market by asking questions that cover every contingency and nuance that we have encountered. The knowledge base helps each report to reflect the collective expertise of our entire firm rather than the individual analyst writing the report. Our practice of the principal reviewing each report ensures that it will be of the highest quality.

And, most importantly, we provide recommendations that will guarantee the success of your project. Our suggestions cover project design, unit mix, amenities, pricing, expenses and marketing.