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, and the RERC/CCIM Investment Trends 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 firstname.lastname@example.org.
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 serves 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 email@example.com.
Donald Burns has more than 35 years experience providing real estate valuation and counseling services to institutions, corporations, government agencies, investors, developers and legal firms. He serves as a managing director for Real Estate Research Corporation (RERC) in the Atlanta office.
He has been a key advisor in matters dealing with portfolio asset allocations, financing, loan workouts and debt restructuring. In addition, Mr. Burns has been responsible for the origination and implementation of counseling assignments involving asset valuations, strategic positioning studies, transaction due diligence, ad valorem tax reviews, portfolio analysis, highest- and best-use studies, investment analysis and appraisal reviews. He has been a key advisor in matters ealing with portfolio asset allocation, financing, loan workouts, debt restructuring, and independent fiduciary services/fairness opinions.
Mr. Burns' notable valuation assignments include: a 150-property shopping center portfolio; The Dallas Market Center, Dallas, Texas; Inforum, Atlanta, Ga.; Peachtree Center, Atlanta, Ga.; Phipps Plaza, Atlanta, Ga.; Dadeland Mall, Miami, Fla.; Texas Commerce Tower, Dallas, Texas; Williams Square, Los Colinas, Texas; and Fashion Valley Mall, San Diego, Calif. He also specializes in unique asset types, including marts, hotels, residential and mixed-use developments, partial interests and participating debt instruments. E-mail Mr. Burns at firstname.lastname@example.org.
William Corbin serves as managing director of Real Estate Research Corporation’s (RERC’s) West Coast office, and has over 30 years experience in commercial real estate analysis, finance, and valuation. His previous experience in commercial real estate finance gives him particular insight to the capital and investment markets and their impact on institutional real estate activity and values.
Mr. Corbin has conducted numerous current value narrative appraisals for national and regional institutional lenders and investors on office buildings, warehouse distribution buildings, industrial and business parks, shopping centers, and apartments.
Prior to his association with RERC in 2009, Mr. Corbin served with First American Appraisal and Consulting Services, LLC (formerly KTR Real Estate Services), where he was responsible for managing the Los Angeles regional office, developing and managing institutional accounts, and performing direct valuation work for those clients. While with First American, he also headed the firm’s national pension fund valuation practice, and served as their designated representative to the National Council of Real Estate Investment Fiduciaries (NCREIF). Prior to his work with First American, he was an appraiser for Landauer Associates from 1992 to 1995. E-mail Mr. Corbin at email@example.com.
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 firstname.lastname@example.org.
As RERC expands its presence in providing valuation management services, we are pleased to announce that Brian T. Velky, CFA, has been promoted to managing director, where he provides leadership to RERC’s fiduciary and valuation consulting practice. Contact Mr. Velky at email@example.com.
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