LOS ANGELES - Lee & Associates Valuation and Consulting Services, the appraisal service line of real estate firm Lee & Associates, has announced the opening of its Los Angles office. The new office is headed by Steve Henry, MAI, with Larry Johnson, both respected veterans within the appraisal industry.
“With Steve and Larry’s valuation expertise, clients can be assured of consistent, high quality service,” said Daniel Boring MAI, chief executive officer of Lee & Associates Valuation. “Our appraisers work with the real estate professionals in Lee & Associates to develop superior market knowledge at a national and local level. Steve and Larry have 30 years of combined real estate experience and we are excited to have them joining our firm.”
In January, Lee & Associates, a national full-service commercial brokerage firm, launched Lee & Associates Valuation and Consulting Services. Based in Atlanta, Boring, who along with Chief Financial Officer Victor Segrest, head the national service line.
“Larry and I are thrilled that Lee & Associates has given us this opportunity,” said Henry. “Lee & Associates is a very well respected firm in Southern California and we are looking forward to working with the brokers in providing best in class services to their clients.”
Henry is the managing director of the Los Angeles office and responsible for the preparation of real estate appraisals, feasibility studies, rent analyses and market studies of commercial assets in the Los Angeles area. He has 20 years of valuation experience throughout the U.S. He has appraised all types of property rights as well as specialty products such as market absorption studies and capitalization rate studies. He has extensive experience in the appraisal and valuation of special use properties including master-planned communities, super-regional malls and auto dealerships. Prior to joining Lee & Associates Valuation, Henry was a Senior Vice President with FMV Opinions where he was responsible for business development, work flow operations and oversaw valuation and consulting assignments relating to complex high value properties and portfolio assignments.
Johnson is a senior appraiser for the Los Angeles office of Lee & Associates Valuation with 10 years commercial real estate experience. He is responsible for the preparation of real estate appraisals, feasibility studies, rent analyses and market studies of commercial assets in the Los Angeles area. He has prepared narrative appraisal reports and consulting assignments for estate planning, financing, bankruptcy, ad valorem, litigation support and internal decision making. His commercial appraisal experience includes multifamily, retail, office, industrial, development land, hospitality, market studies and portfolio valuations. Johnson’s prior experience includes staff and management positions with national and regional accounting firms specializing in financial reporting valuation, appraisal review, impairment testing and purchase price allocation analysis.
“This is a great opportunity to work with the Lee & Associates offices in expanding the service line,” said Segrest. “Valuation and consulting services will be a valuable resource for their clients.”
The national office of Lee & Associates Valuation and Consulting Services is located at 3500 Lenox Road, Suite 200, Atlanta, Ga. 30326. Tel: 404-781-2103. Lee & Associates Valuation Los Angeles is located at 13181 Crossroads Parkway North, Suite 300, City of Industry, Ca. Tel: 714- 504-4400.