Heidi L. Thatcher headshot

Heidi L. Thatcher

(312) 810-4200

Heidi L. Thatcher, a Principal of National Property Valuation Advisors, Inc., has been active in the real estate industry since the mid-1990s and provides valuation services on a national basis to a variety of clients including insurance companies, pension funds, financial institutions, developers, and corporations.

Ms. Thatcher specializes in mixed-use development valuations at NPV Advisors.  In addition, she is one of the principal members of the Retail Services Group at NPV Advisors where she leads a team that specializes in the valuation of retail properties.  She also specializes in the valuation of distressed properties and properties under redevelopment.

Prior to joining NPV Advisors, Ms. Thatcher was employed with ABN AMRO Bank, where she was a Trust Officer in the Asset Backed Securities Group.  Ms. Thatcher was responsible for providing multiple solutions surrounding her commercial mortgage-backed securities portfolio including investor relations, due diligence, asset workouts, specially serviced loans, prepayment penalties, and defeasance issues.  While at ABN AMRO, Ms. Thatcher managed a CMBS portfolio worth over $20 billion and was responsible for closing numerous CMBS transactions.

Prior to joining ABN AMRO, Ms. Thatcher was employed by First Chicago Special Assets Group, where she assisted in the management of special real estate assets including farms, resorts, special interest clubs, and other unique properties.  In this capacity, she was responsible for analyzing the rate of return on real estate assets held in large non-profit portfolios.


Calvin College
Grand Rapids, Michigan
  • Graduated with BS degree from the School of Business with a concentration in Finance

Professional Affiliations & Designations

Appraisal Institute
  • Candidate for Designation
International Council of Shopping Centers (ICSC)
  • Affiliate Member
Urban Land Institute
  • Affiliate Member
Mortgage Bankers Association
  • Multiple Classes on Securitization


General Certified Real Estate Appraiser
  • Currently licensed in multiple states