About Us

Experts in Commercial Real Estate

Appraisals in the Greater Delaware Valley

As a Philadelphia-based firm we have local, in-depth knowledge of the Greater Delaware Valley market which translates into valuations that are thoughtful, detailed, and reflective of the forces, intangibles and projected future changes that impact real estate value.  These are the subjective ingredients that dovetail with our state-of-the-art technology resources and are essential for an accurate appraisal.

This combination of analytics and discernment of market influences is applied to the various industry sectors within the market – industrial, multifamily, mixed-use, office, retail, hospitality, institutional, and special use.

Providing You Support

Accurate information is essential in driving business decisions, especially for the purchasing, selling, assessment, development or redevelopment of commercial real estate.  In today’s ever-changing world understanding the value of a property or project in the now – and in the future – is how we support investors, owners, lenders, brokers, accountants and attorneys in making their decisions on a property or project.

Our reports furnish viewpoints from two angles:

  • Inside Out – What does the asset or project mean to the immediate and greater market and how can it perform?
  • Outside In – How does the market view this asset or project and its potential for performance?

Clients benefit from our structure as a privately-owned firm, which allows us to be nimble and responsive whether servicing the single property of a private owner or a multi-property portfolio of a REIT. Our staff of four licensed and certified appraisers have extensive experience with a multitude of property types and complex assignments specifically in the Delaware Valley.

Appraisal services built for the

modern age of real estate

Core Values


Shapes the foundation of how we operate as individuals and an overall company.

A Place to Learn

Learning keeps us growing, challenged and ahead of the curve.

Exceptional Service

We go the extra mile to provide exceptional service to our clients and to each other.

A Great Place to Work

Working at RHA means being an active part in running the business. Your work and insights make a difference in creating a great environment.

Passionate About Our Process

We are lovers of real estate and leisurely read about trends, stay aware of local neighborhood projects, and actively seek opportunities to gain industry insights which allow us to deliver the best and most timely reports possible.

About Carlo L. Batts

MAI, Principal

Carlo L. Batts, Principal of Rittenhouse Appraisals, proudly leads the firm with a hands-on approach to service, providing a thorough analysis of real estate assets or projects for each client.

With a degree in urban planning and real estate urban land development from Virginia Commonwealth University, Carlo has over twenty years of real estate experience, fifteen of which have been dedicated to appraisals in the commercial real estate industry. His foundation for appraising began while working with Wilmington Trust Company (now M&T Bank), which was the largest lender in the Philadelphia Federal Reserve until being acquired by M&T Bank of New York.

Carlo is a designated member of the Appraisal Institute and is actively engaged with the local chapter, currently serving as the Chapter’s President.  He is on the Boards of the Philadelphia Chapter of the African American Real Estate Professionals and Lambda Alpha International (LAI) Philadelphia, and is a member of Building Industry Association of Philadelphia and CREW Greater Philadelphia.  Carlo currently serves on the Special Committee on Diversity, Equity, and Inclusion for The Appraisal Foundation, and also sits on the Philadelphia Home Appraisal Bias Task Force.

Recent speaking engagements have been with the Union League Real Estate Club, Philadelphia Multifamily Summit, LAI Philly, and Bucks County Realtors Association.  He was also recently appointed to the Housing, Planning, and Development Transition Sub-Committee of Philadelphia.  Carlo is also on Built by Philly, a platform for BIPOC entrepreneurs, and has been a featured source for Yahoo! Finance.

For more information

or to get your appraisal

Chat Bubble | More Information | Rittenhouse Appraisals

1800 JFK Blvd, Suite 300
Philadelphia, PA 19103