Theresa M. Nygard MAI

Senior Vice President


Theresa Nygard, KTR’s senior vice president, has more than thirty years of commercial real estate appraisal experience and is in charge of litigation support activities at KTR, focusing on the appraiser’s role in arbitration and court proceedings, including condemnation, bankruptcy and equitable distribution cases.  A leading specialist in land valuation and complex zoning issues, she has served a variety of private and institutional clients, determining the value of development parcels, transferrable development rights and easements.  She has prepared appraisals and served as expert witness in numerous ground lease arbitration proceedings.  The author of “Techniques in Urban Land Analysis: Issues and Problems in Appraising Development Sites,” which appeared in The Appraisal Journal, Theresa has also lectured on land and transferrable development rights valuation at Columbia University’s Graduate School of Business, Baruch College and New York University’s School of Continuing Education.  Theresa’s valuation experience also includes a range of other property types, including residential, retail, mixed-use, office and industrial properties.


  • New York State General Appraiser #46000007028


  • Appraisal Institute – MAI Designation

    Theresa has served on the Board of the Metropolitan New York Chapter of the Appraisal Institute in a variety of positions and as an officer, and served as the Chapter President in 2012.

  • Association of Real Estate Women


  • BA – Mount Holyoke College, magna cum laude
  • MA – Columbia University