Natalie Ranker-Manchorova has been involved in the real estate valuation profession since 1993. In 1999, she founded Capital Region Appraisals in Harrisburg, PA. Recently, Capital Region Appraisals merged with Mid-Atlantic Valuation Group, where she now is the senior appraiser. She specializes in the valuation of commercial real estate. Assignments include those required for financing purposes, tax assessment appeals, expert testimony, investor acquisitions, condemnation, foreclosures, IRS charitable contributions, loan workout, and estate planning and settlement. Property types appraised span a wide variety and include apartment buildings, office buildings, retail facilities, industrial facilities, big-box retail, easements, and residential and commercial subdivisions.

In pursuit of her MAI designation, Mrs. Manchorova has completed all of the coursework and experience hours required, more than 75% of the total requirements for this designation.

After moving to the Harrisburg area and prior to her founding Capital Region Appraisals, Mrs. Manchorova was affiliated with The Appraisal Firm, Inc, Middletown, PA, where she obtained her general appraisal certification in 1997. Here, she appraised both residential and commercial real estate in central Pennsylvania. Assignments were similar to those noted previously.

Mrs. Manchorova began her appraisal career in 1993 with D.C. Perna & Assoc., Inc., Allentown, PA. At that time, she appraised residential properties within and around the Allentown area.

She has completed numerous real estate appraisal courses and related topics.

Appraisal Institute Course and Exams Successfully Completed

• Standards of Professional Practice (USPAP), Part A – Course 410, May 2000
• Standards of Professional Practice, Part B – Course 420, November 2000
• Standards of Professional Practice, Part C – (Online) Course 430
• Advanced Income Capitalization – Course 510, August 2000
• Highest & Best Use and Market Analysis – Course 520, October 2000
• Advanced Sales Comparison and Cost Approaches – Course 530, March 2001
• Report Writing and Valuation Analysis – Course 540, July 2000
• Advanced Applications – Course 550, May 2002

Other Courses and Seminars

• Appraising FHA Properties
• Residential Construction
• Residential Appraising Using Cost & Income Approaches
• Fair Housing Law
• Advanced Appraisal Applications
• Basics of Residential Appraising & Sales Comparison – NAIFA, 1993
• Condemnation Appraising - NAIFA, July 1993
• Introduction to Income Property Appraising – NAIFA, 1995
• Appraising the Tough Ones, Applied Techniques for Appraising Complex Properties – Education Division of Don Paul Shearer, Inc., September 1996
• Financial Analysis of Income Properties – NAIFA Course 401, December 1996
• Introduction to Commercial Investment Real Estate Analysis - CCIM, 1997
• Techniques of Yield Capitalization – NAIFA, 1997
• Principles & Practices Environmental Risk Screening & Report – NAERA 101 & 102, November 1997
• Phase I Environmental Site Assessment - NAERA Course 301& 302, September 1998
• Appraising Shopping Centers – Appraisal Institute, October 1998
• Case Studies: Commercial Highest and Best Use –Presented by the Philadelphia Metropolitan Chapter of the Appraisal Institute, December 1999
• Appraising Non-Conforming Uses –Presented by the Central Pennsylvania Chapter of the Appraisal Institute, April 2000
• Partial Valuation-Divided – Presented by the Central Pennsylvania Chapter of the Appraisal Institute
• Partial Valuation-Undivided – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, 2000
• Nursing Home Valuation – Online Appraisal Institute, June 2001
• Separating Intangible Business Value from Real Estate – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, October 2002
• Rates and Ratios: Making Sense of GIMs, OARs and DCF – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, March 2003
• Hotel Appraisal Issues on the East Coast – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, April 2003
• Appraisal Independence, What Appraisers and Bankers Need to Know to Comply with New Regulatory Guidelines and Procedures – Telephone Briefing, Presented by the American Bankers Association and Appraisal Institute, February 2004
• Pennsylvania Assessment Laws and Procedures – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, April 2004
• Evaluating Commercial Construction – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, November 2004
• Subdivision Valuation – Presented by the Central Pennsylvania Chapter of the Appraisal Institute, April 2005

Mrs. Manchorova currently serves as Education Chair, Internal Audit Chair, and as a member of the board of directors for the Central Pennsylvania Chapter of the Appraisal Institute. She had also served as Vice Chairman of the Greater Harrisburg Board Realtors Appraisal Committee in 2002-2003

Click here for a copy of Mrs. Manchorova's qualifications in Adobe PDF format.