About Korpacz Realty Advisors, Inc.

Expert Witness Real Estate Appraisals and More

Korpacz Realty Advisors, Inc. is a national practice of licensed valuation and counseling professionals dedicated to solving client real estate problems with integrity and professionalism.  The services provided by the firm are researched-based with consideration of economic, demographic, leasing, and capital market trends.

The firm adheres to best practices in both valuation and counseling assignments.

  • USPAP and Appraisal Institute compliance for appraisals
  • Adherence to CRE guidelines for counseling assignments

Offering Expert Witness Real Estate AppraisalsPeter F. Korpacz has extensive experience in the real estate appraisal, counseling, publication, and research fields. He is president of Korpacz Realty Advisors, Inc., specializing in litigation-support, including expert witness testimony. He is experienced in assessment work for cap rate studies and valuations of regional malls, valuations of corporate headquarters, and methodology studies for valuations in distressed markets and chain drug store properties.

Mr. Korpacz is the founder and original publisher of the quarterly Korpacz Real Estate Investor Survey®. He was a principal researcher and advisor for the annual Emerging Trends in Real Estate® from the 2001 U.S. issue through the 2008 U.S. issue.

He is the author of numerous articles; contributor to numerous real estate books and is a former editor-in-chief of The Appraisal Journal. He is co-author of the article ― “Changing Emphasis in Appraisal Techniques: The Transition to Discounted Cash Flow” ― cited as one of nine articles out of more than 4,000 articles published in The Appraisal Journal in its first 75 years (1932-2007) that had a “meaningful influence on the readership.”

Professional Qualifications of Peter F. Korpacz, MAI, CRE, FRICS

As President of Korpacz Realty Advisors, Inc., Peter F. Korpacz participates in every client engagement. His credentials, qualifications, and experience are summarized below.

Business Experience:

  • Korpacz Realty Advisors, Inc.  –  President
  • Weiser Realty Advisors, LLC – Executive Managing Director
  • PricewaterhouseCoopers LLP – Director, Global Real Estate Research
  • Peter F. Korpacz & Associates, Inc. –  President
  • Korpacz & Weitzman, Inc.  – Principal
  • James D. Landauer & Associates, Inc. –  Vice President, Chief Appraiser
  • Joseph J. Blake & Associates, Inc.  – Senior Project Supervisor

Licenses

  • Certified as a General Real Estate Appraiser in 14 states and the District of Columbia
  • Temporary permits acquired in other states, as required

Expert Witness Testimony

Qualified in various state and Federal courts in matters involving bankruptcy proceedings, foreclosures, condemnation, tax certiorari, class actions involving real estate matters, and other real estate disputes

Arbitration

Served as appraiser, appraiser-arbitrator, or arbitrator in real estate disputes, including the court-appointed sole arbitration a real estate tax assessment dispute in Texas; the neutral arbitrator in a Lake Mead, Nevada possessory interest case

Professional Designations/Affiliations

  • MAI – Appraisal Institute (Voluntary continuing education completed through 2017)
  • CRE – The Counselors of Real Estate
  • FRICS – Fellow of the Royal Institution of Chartered Surveyors
  • Member of:
    • American Real Estate Society (ARES)
    • Institute for Professionals in Taxation (IPT)
    • International Association of Assessing Officers (IAAO)
    • International Council of Shopping Centers (ICSC)
    • National Council of Real Estate Investment Fiduciaries (NCREIF)
    • The Real Estate Board of New York, Inc.
    • ULI – The Urban Land Institute

Publications And Articles

  • Interviewee for Emerging Trends in Real Estate®, 2014, 2013, 2012, 2011, and 2010 editions
  • Senior Advisor, Emerging Trends in Real Estate® Asia-Pacific 2007

Editorial Board

  • Emerging Trends in Real Estate® Europe, annual forecast 2004, 2005, 2006 and 2007 editions
  • Emerging Trends in Real Estate®, the real estate industry’s longest-running annual forecast. 2000, 2001, 2002, 2003, 2004, 2005, 2006, and 2007 editions

Editor-in-Chief

  • Korpacz Real Estate Investor Survey®, published quarterly by PricewaterhouseCoopers LLP. 7/99–9/07
  • Real Estate Value Cycles, a semiannual publication of real estate cycle information on the position of office, warehouse, retail, apartment, and hotel sectors in the 58 major U.S. markets. 12/99–9/03.
  • The Appraisal Journal, 1985, 1986, 1987
  • Contributing Editor, Real Estate Capital Markets Report, quarterly column, “Equity Real Estate,” 1992 – 1997

Publisher

Korpacz Real Estate Investor Survey®, quarterly publication on considerations and cash flow assumptions used by a cross section of major institutional equity real estate market participants to analyze real estate investment opportunities throughout the United States.
From 1988–7/99

Co-authored

  • “Institutional-Grade Real Estate,” The Appraisal Journal, 10/94
  • “Market Value – The Elusive Standard,” The Appraisal Journal, 7/92
  • “Real Estate Appraisal,” in Real Estate Development Manual, Warren, Gorham & Lamont, Inc. 1990
  • “Back to Basics: Specified Real Property Rights,” The Appraisal Journal, 10/87
  • “Market Value – Contemporary Applications,” The Appraisal Journal, 7/85
  • The Dictionary of Real Estate Appraisal, 1st edition, American Institute of Real Estate Appraisers, 1984
  • “Market Value – A Contemporary Perspective,” The Appraisal Journal, 10/84
  • “Changing Emphasis in Appraisal Techniques: The Transition to Discounted Cash Flow,” The Appraisal Journal, 1/83

Contributor

  • Viewpoint 1993: Real Estate Value Trends, Valuation Network, Inc., 1993
  • Viewpoint 1992: Real Estate Value Trends, Valuation Network, Inc., 1992
  • The Dictionary of Real Estate Appraisal, 2nd edition, American Institute of Real Estate Appraisers, 1989
  • The Appraisal of Real Estate, 9th Edition, American Institute of Real Estate Appraisers, 1987
  • The Appraisal of Real Estate, 8th Edition, American Institute of Real Estate Appraisers, 1983

Authored

  • “Appraising Retail Properties,” in Shopping Centers and Other Retail Properties: Their Investment, Development, Financing and Management, John Wiley & Sons, Inc., 1996
  • “Changing Times Call for Revamped Valuation Methods,” National Real Estate Investor, 10/92

Presentations

Mr. Korpacz has presented or participated on panels in various courses, seminars, and webinars, for the following organizations.

  • American Bar Association (ABA)
  • American Institute of Certified Public Accountants (AICPA)
  • American Property Tax Counsel (APTC)
  • American Society of Appraisers (local chapter meetings)
  • Appraisal Institute (national and local chapter conferences and meetings)
  • Association of Foreign Investors in Real Estate
  • Ballard Spahr (law firm)
  • Baruch College
  • The Counselors of Real Estate (CRE)
  • Greenberg Traurig (law firm)
  • IAAO (national, regional, and state chapter conferences)
  • Institute for Professionals in Taxation (IPT) (Property Tax Symposium and national conference)
  • International Council of Shopping Centers (ICSC)
  • Kellogg School of Management, Northwestern University
  • Mays Business School at Taxes, A&M University
  • Mortgage Bankers Association (national and local chapters)
  • National Association of Property Tax Attorneys
  • National Association of Real Estate Companies
  • National Conference of State Tax Judges
  • National Property Tax Attorneys (NPTA)
  • National Property Tax Counsel
  • NCREIF
  • New Jersey Institute for Continuing Legal Education
  • Nixon Peabody (law firm)
  • North Marq Capital
  • PPM
  • Pullman & Comley (law firm)
  • Royal Institute of Chartered Surveyors (RICS)
  • Jeffrey E. Smith Institute of Real Estate, University of Missouri-Columbia
  • ULI – The Urban Land Institute (national and local chapter conferences)
  • University of Colorado, CU Real Estate Council
  • University of Connecticut, School of Business
  • University of Wisconsin-Madison

Professional Awards

  • Recipient of the Practitioner-Scholar Award for contributions to the body of real estate knowledge that are highly regarded by real estate academics, and that have been adopted and used by practitioners from The American Real Estate Society, presented April 2015
  • Presidential Citation in recognition of outstanding service and dedication to the International Association of Assessing Officers, presented September 20, 2011
  • Co-author of article cited as one of nine articles out of more than 4,000 published in The Appraisal Journal in its first 75 years (1932-2007) that had a “meaningful influence on the readership”. The article entitled “Changing Emphasis in Appraisal Techniques: The Transition to Discounted Cash Flow” was published by the Appraisal Institute in the January 1983 issue of The Appraisal Journal
  • The Richard D. Simmons Scholastic Achievement Award in recognition of extraordinary contributions to the letter and spirit of the appraisal community in the United States and Canada, presented by the Massachusetts Board of Real Estate Appraisers in 2002
  • Louise Lee and Y. T. Lum Award in recognition of distinguished contribution in the furtherance of the high ideals of the profession of real estate appraising and practices, 1994, presented by the Appraisal Institute
  • George L. Schmutz Award for special contribution to the real estate appraisal industry, 1984, presented by the Appraisal Institute
  • Charles B. Shattuck Award for outstanding contributions to appraisal education, 1984, presented by the Appraisal Institute