A Variable
World

Corporate Officers


Richard L. Armalavage, MAI

Chief Executive Officer, President and Senior Managing Director
Valbridge Property Advisors
Phone: (239) 325-8234
Email: rarmalavage@valbridge.com

Rick Armalavage has been in valuation and advisory services since 1978. Rick’s specialties include highest-and-best-use analysis, subdivision and condominium analysis, feasibility studies, and support services as an expert witness. He is a state-certified general appraiser and licensed real estate broker in Florida and holds membership with the National Association of Realtors and the Urban Land Institute.

David H. Brooks, MAI, CRE

Executive Vice President and Senior Managing Director
Valbridge Property Advisors
Phone: (443) 333-5525
Email: dbrooks@valbridge.com

David Brooks has been in valuation and advisory services since 1978. His specialties include commercial, multifamily and hospitality properties. David has served as an expert witness in U.S. Bankruptcy Court and in Maryland Tax Court. He is past president of the Maryland Chapter of the Appraisal Institute and served as President of CHAI, a non-profit housing agency. He is a licensed real estate broker and a former member of the real estate faculty at Johns Hopkins University. David is a state-certified general appraiser in Maryland, Delaware, Washington, D.C., Virginia and Pennsylvania.

Karl P Finkelstein, MAI

Vice President of Marketing and Business Development
Valbridge Property Advisors
Phone: (843) 452-2270
Email: kfinkelstein@valbridge.com

Karl Finkelstein has been in valuation and advisory services since 1998. His specialties include commercial, multifamily and resort properties. He is past president of the South Carolina Chapter of the Appraisal Institute, and currently serves on the Admissions and Designation Qualifications Committee for the Appraisal Institute . He is a licensed real estate broker and member of the Urban Land Institute. Karl is a state-certified general appraiser in South Carolina, Georgia, North Carolina, and the State of New York.

Karlene R. Perry

Vice President of Finance & Operations and Senior Managing Director
Valbridge Property Advisors
Phone: (509) 747-0999
Email: kperry@valbridge.com

Karlene Perry has been in valuation and advisory services since 1986. Since 2001, she has been a Senior Managing Director and a Principal of a Valbridge firm in the Pacific Northwest. Karlene’s experience in all aspects of business management and operations, including process and workflow management, is extensive. She also is CEO of Dynamic Business Advancement, LLC, a consulting services business focused on the appraisal sector.

Paul Gilliam, MAI

Vice President of Financial Modeling
Valbridge Property Advisors
Phone: (512) 270-4780
Email: pgilliam@valbridge.com

Paul Gilliam has been in the valuation and advisory services since 2007. Paul’s specialties include valuation of office, health care, institutional properties, and special-use properties. Consulting assignments include feasibility and market rent studies, business interruption loss analysis, studies relating to diminution in market value from a variety of sources, and equal and uniform analysis for real estate tax protests. Paul is a state-certified general appraiser in Texas.