News 2018

VPA Employee Profile

Name: Matthew D. Ross, SCGREA
Title: SVP / Managing Director
Date: 5/24/2018
VPA Office: Valbridge New York Metro

Employee background-What is your title and what do you do at Valbridge?

Currently I serve as Senior Vice President and Managing Director for the Valbridge New York Metro offices, which include New York City, Northern and Central New Jersey. Day to day I am involved in a wide array of valuation, consulting and litigation assignments that have encompassed a vast range of property types from office, mixed-use, retail, self-storage, development sites, data and collocation centers and special-use properties amongst others. In addition I manage and train a team of appraisers’ to increase the value of our product for our clients, which includes not only the presentation, but also taking our analyses one step further by expanding on the income capitalization approach and introducing the discounted cash flow analysis in more assignments and delving deeper into the impacts of tax and zoning on the highest and best use of the property on an assignment by assignment basis. The value of our product has increased our clientele base on a regional and national level, as well as, have provided each of my colleagues with the opportunity to expand their knowledge and capability of growing in their field of expertise. I enjoy working and teaching and could not have asked for a better or harder working team in such a fast-paced market.

In March of 2016 under the ever-changing environments within the industry, after an 11-year tenure with Integra Realty Resources, I decided it was time for a change in direction. While I interviewed with a number of firms, the past relationship I had with George Denman, MAI, the software, systems and being that we are now the largest independent appraisal firm in the country I felt this was the best fit for me. The work environment, ever growing young staff and drive to grow was very exciting and I wanted to be a part of it.

What are your specialty areas?

I have had the benefit of working on a large range of property types from institutional-grade properties for REITS and pension funds to litigation assignments for tax purposes, bankruptcy, partnership interests and divorce, as well as condemnation and land preservation. The variety of assignments and complexity of many of them provided me a great opportunity to not only learn, but to remain diverse and capable of moving from one assignment to the next whether or not the economy is booming or in a recessionary period. It keeps it exciting, maintains revenue and I hope to pass this along to appraisers’ I interact with. More importantly the future appraisers’ that will come as time passes are looking for a good work/life balance while being able to sustain an income commensurate with the ever-growing costs, will be able to utilize a diverse knowledge to their advantage. However, after learning the basics I believe it is important to master one area at a time in the beginning so that you put out the best work you can do as well as make contacts that allow the diversity to flourish without losing quality, being overwhelmed or remaining stagnant.

What are some of the most interesting projects you’ve worked on at Valbridge?

Since joining Valbridge I have worked on a number of complex assignments including tax appeals, subdivision developments, ground-up mixed-use development in Manhattan, LITHC projects and a variety of small – to – high end office, industrial and mixed-use buildings. There has been an ever-growing trend for many of the development sites to have government-funded incentives such as tax and rent abatement programs and ground leases. With all of the moving parts combined in one particular project, it is very important to understand how they correlate to each other so that you are able to provide the client with a true depiction of the asset they own or are lending on.

What do you like most about working at Valbridge?

The best thing about Valbridge is the staff. Locally and nationally, I have found that we are not only a younger and more innovative firm, but we are all working together for a common goal together from top to bottom. You don’t find that much anymore and I am happy to be a part of it. Additionally, the flexibility with our systems in place allow employees to maintain a reasonable work/life balance that I am not sure exists many other places in this industry.