Joining the firm as a commercial staff appraiser, Richard brings with him over 19 years of expertise in property analysis and valuation. Richard has a extensive experience appraising all types of Commercial and Residential properties.
Texas A & M University
Master of Agriculture Land Economics and Real Estate
Texas A & M University
Bachelor of Science in Animal Science
AFFILIATION & DESIGNATIONS:
▪Member of the Maryland Affordable Housing Coalition
Certified General Real Estate Appraiser Commonwealth of Virginia (#4001017431)\
Certified General Real Estate Appraiser, District of Columbia (GA12299)
Certified General Real Estate Appraiser Florida (#RZ2545)
▪Active Certified General Real Estate Appraiser in Virginia and Florida
▪Appraisal experience with commercial, multifamily (affordable, student, senior, and market rate),industrial, retail and special use properties, as well as land, subdivisions, and condominium conversions
▪Specialized experience in the valuation of marinas, colleges, surgical facilities, and churches
▪Experience with market studies for affordable housing
▪Extensive experience with Argus software for discounted cash flow modeling and analyses
July 2016 - Present, Commercial Appraiser, Bruce W. Reyle & Co., Inc.
Responsibilities include the valuation of commercial properties.
October 2014 – July 2016, Vice President, Investment Sales, Ideal Realty Group.
Responsibilities include: Investment brokerage and underwriting of multifamily
assets and development sites. Responsibilities include procurement of listings, underwriting of assets, preparation of broker’s opinions of value, offering memorandums, and other marketing materials, and the facilitation of negotiations(LOI, PSA, etc). Led office in total dollar sourced ($84M) and total number of projects listed in 2015.
July 2003 - 2014, Senior Appraiser, Certus Appraisal Group, Jacksonville, FL
Responsible for the preparation and review of appraisal assignments, bidding projects maintain on going communication with clients, and coordination assignments with staff appraisers. The bulk of my experience has focused on cash flow modeling (Argus and Excel) of multifamily and multi-tenant properties. This has included absorption analysis, tenant improvements, growth projections (demographic and economic analysis of submarket, MSA, and national markets), lease structure, tenant quality review, and underwriting/review of historical and pro-forma income and expenses.