Senior Leadership

Kenneth P. Riggs, Jr.

Chairman & President

Kenneth P. Riggs, Jr. has served Real Estate Research Corporation (RERC) since 1991. He is active in bringing sophisticated and solid research to the real estate industry as the publisher of the RERC Real Estate Report, a widely quoted real estate quarterly. He also serves as co-publisher of Expectations & Market Realities in Real Estate, one of the nation’s leading annual forecast reports, and produced Emerging Trends in Real Estate and the RERC Industry Outlook.

In addition to his research activities, Mr. Riggs oversees the firm’s valuation, consulting, independent fiduciary services, and management information services. He has served as a featured speaker for the National Association of REALTORS® (NAR), the Pension Real Estate Association (PREA), the Association of Foreign Investors in Real Estate (AFIRE), the Institute of Real Estate Management (IREM), The Counselors of Real Estate, the CCIM Institute, the National Council of Real Estate Investment Fiduciaries (NCREIF), and many other respected national organizations. He has had numerous articles published and has been quoted in many publications, including The Wall Street Journal, CNNmoney, Bloomberg News, Barron’s, Mortgage Banking, Real Estate Forum, Real Estate Issues, and Real Estate Portfolio, among others.

Mr. Riggs earned his master’s of business administration degree from the University of Chicago, concentrating on finance/statistics, and his bachelor’s of business administration in real estate and finance from Kent State University. In 2006, he was named by The National Association of REALTORS (NAR) as one of Real Estate’s 25 Most Influential Thought Leaders. E-mail him at

Del H. Kendall

Managing Director

Del Kendall serves as a managing director with Real Estate Research Corporation (RERC), and works with Ken Riggs to direct the firm’s consulting and valuation activities. He has been active in the real estate business for more than 20 years, and several years ago played a key role in developing RERC Hospitality Services.

Mr. Kendall previously served as director with PriceWaterhouseCoopers. Past work experience includes serving as expert witness in one of the largest real estate bankruptcies in FDIC history, leading acquisition due diligence teams for two portfolios that exceeded $500 million each, and feasibility and valuation for the expansion of a regional mall, which became the second largest in the United States.

Mr. Kendall heads operations in RERC’s Houston office. He is involved with many organizations, including the National Council of Real Estate Independent Fiduciaries (NCREIF), where he served as chair of the NCREIF Valuation Committee for 2010 and 2011, the Appraisal Institute, and The Counselors of Real Estate. He is a certified real estate appraiser in numerous states. E-mail Mr. Kendall at

Brian T. Velky

Managing Director

Brian Velky serves as managing director of fiduciary and valuation services for Real Estate Research Corporation (RERC). His knowledge of real estate valuation and investment analysis, performance benchmarking and attribution analysis, and portfolio analysis ensures that clients receive the full benefit of RERC’s expertise as an independent provider of financial services for investment real estate.

Among his various responsibilities, Mr. Velky is integrally involved in managing RERC’s independent fiduciary engagements, including overseeing and approving quarterly valuation activity, acquisition activity, and liquidity unit activity associated with client accounts.

Mr. Velky also directs RERC’s valuation consulting contracts, and is responsible for managing clients’ quarterly valuation process, along with providing consulting advice for valuation best practices. E-mail him at

Leadership Updates

Senior Leadership :: Questions

Senior Leadership :: Questions