Michael Resce





Mr. Resce has training in the fields of Appraisal, Urban & Regional Planning and Real Estate Finance. Education received was from a four-year accredited university.

Following graduation, Mr. Resce started his career in 1995 with Inland Real Estate as a commercial real estate broker. In 1998, he worked under the direction of Michael Shaeffer of Cushman & Wakefield as a junior appraiser. In 2002, Michael became employed with Hilco Real Estate Appraisal under the supervision of Todd Haney and shortly after became a Certified General Appraiser within IL in 2003. Mr. Resce joined Joseph J. Blake in 2012 through 2016. Presently, he is employed at Principle Valuation LLC. Experience includes the valuation of a large variety of commercial real estate properties around the nation. In addition, Michael has experience valuating business enterprise as well as personal property associated with the assignment.

Professional History

  • Present –  Senior Consultant, Principle Valuation LLC
  • (2012 to 2016) – Joseph J. Blake
  • (2002 to 2012) – Hilco Real Estate Appraisal, Inc.
  • (1998 to 2002) – Cushman & Wakefield
  • (1995 to 1998) – Inland Real Estate


  • Bachelors Degree in Urban and Regional Planning with an emphasis in Real Estate Finance, University of Illinois at Urbana-Champaign
  • Certified General Real Estate Appraiser within IL, IN, MI, PA and TN
  • MAI Candidate


  • Appraisal Institute
  • Appraisal Principles
  • Appraisal Procedures
  • General Applications
  • Basic Income Capitalization
  • Residential Case Study
  • Income Valuation of Small, Mixed-use Properties
  • Evaluating Commercial Construction
  • Litigation Skills
  • The Discounted Cash Flow Model: Concepts, Issues, and App.
  • National Uniform Standards of Professional Appraisal Practice (USPAP)
  • Business Practices and Ethics
  • Real Estate Finance Statistics and Valuation Modeling
  • Introduction to Conservation Easement Valuation
  • Advanced Income Capitalization


Our clients have used Principle Valuation for valuations for purchase and sale transactions, compensation relationships, and support for tax purposes. They do straightforward and intelligent work, and are very responsive.

Scott Becker, Partner, McGuire Woods

We selected Principle because of their experience and reputation in the market. They are very knowledgeable about the industry, and particularly HUD financing. They were very thorough and hit their deadlines. Their appraisal went through HUD with no issues, which also made the borrower very happy.

Ken Buchanan, Senior Vice President and Chief Underwriter (Eastern Region), Walker Dunlop

Principle Valuation provides excellent valuations for ongoing healthcare enterprises, as well as placing values on the individual assets. They are very timely, reliable, have a solid understanding of the regulatory implications of their work, and are authoritative in the way they present their information.

Mike Anthony, Partner, McDermott, Will & Emery

Principle Valuation is far superior to any other valuation firm we have worked with. They are knowledgeable about businesses, real estate and equipment. And their reports are always right the first time.

Ken Doran, President and CEO, Spectrum Heatlh Partners


190 South La Salle Street, Suite 2900
Chicago, IL 60603