Senior Appraiser - Seniors Housing Specialist

POSITION:Senior Valuer – Seniors Housing Specialist

LOCATION:Flexible / Remote

POSITION SUMMARY

• Independently prepares commercial real estate valuations (including Going Concern) on complex real estate assets with review by Manager or QC Director. Partner with AEI engineers or other professionals that provide environmental, property condition, ALTA surveys, Zoning reports or other due diligence services in the Seniors sector. Potential property subtypes within Seniors category may include: Apartments (Age Restricted), Independent Living, CCRC, Assisted Living, Memory Care, or Skilled Nursing Facilities. Prepares real estate appraisal reports from start to finish on simple or complex properties, including all responsibilities in appraisal practice as well as performing detailed appraisal analysis in order to value real estate. May mentor trainees and/or junior appraisers and/or develop new client relationships.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Independently prepares written commercial real estate appraisal reports from cover to cover, specializing in Seniors Housing and related subtypes (see above).
• Items included in the production of an appraisal report include:
• Identifies appropriate scope of work based on client request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, investment, or sale; identifying property characteristics.
• Determines valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income approach; identifying property characteristics and attributes.
• Researches and analyzes property information by collecting, verifying, and analyzing data regarding inventory of competitive properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyzes and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
• Prepares valuation report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; presenting supportive reasoning.
• Utilizes 3rd party databases to compile data for valuation report.
• Updates job knowledge by tracking current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals
• Contributes to overall organizational goals by contributing to the internal comparable database, mentoring trainees, and appropriately servicing clients
• Maintains AEI Valuation’s reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential
• Other duties may be assigned

QUALIFICATIONS

• Minimum of (4) years of previous commercial appraisal experience required, preferably with a focus on Seniors and/or related subcategories
• Excellent written and verbal communication skills
• Strong organizational and analytical skills
• Ability to provide efficient, timely, reliable and courteous service to customers
• Ability to effectively present information
• Requires advanced knowledge of financial real estate terms and principles
• Complete understanding of approaches to value of real estate assets/going concern
• Ability to comprehend, analyze, and interpret complex documents
• Ability to solve problems involving several options in situation
• Requires advanced analytical and quantitative skills
• Must be proficient in Argus, MS Word and MS Excel

EDUCATION

• Bachelor’s Degree in Real Estate or related field required

LICENSES/CERTIFICATIONS

• State Certified General License (Appraisal) required
• Designated Member of the Appraisal Institute (MAI)

PHYSICAL REQUIREMENTS

The work environment may be both indoors and outdoors. Indoor work takes place in a typical office setting. The noise level in the work environment is usually moderate. Outdoor work requires the ability to effectively perform work in all types of weather conditions. While performing the duties of this job, the employee is regularly required to sit, type, handle office and/or field equipment, speak and hear. The employee may occasionally be required to stand, walk, balance, kneel or crouch. The employee may be required to lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision and the ability to focus.

EMPLOYEE BENEFITS & PERKS

AEI Consultants offers all full-time employees an outstanding, extensive benefits package, which among other benefits includes medical, dental, and vision benefits, paid time off and sick leave, life insurance, short-term and long-term disability insurance, 401K, complimentary use of AEI’s condo at Donner Lake in Truckee, CA, an Employee Referral Bonus Program, and Commuter Tax and Dependent Care Benefits.

COMPANY CULTURE

One of the primary reasons that our employees enjoy working at AEI is our positive company culture. We offer a collaborative, flexible and inclusive work environment where employees have the opportunity to engage in meaningful work, make a positive impact on our clients and communities, and are encouraged to carve out a career path within the organization that best aligns with their interests and goals. We greatly value the contributions of our team members and prioritize employee wellness, safety, flexibility and work/life balance.

OVERVIEW

AEI Consultants is an employee-owned consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies, and insurers, including many Fortune 500 companies. These services include environmental, property and facility assessments, zoning and energy consulting, site investigation and remediation, industrial hygiene, land surveying, valuation, and construction risk management. AEI specializes in identifying potential risks and crafting solutions through Environmental and Building Evaluation Consulting, Construction Services, Site Investigation and Remediation expertise. AEI Consultants is known for being reliable, responsive and resourceful. Founded in 1992, AEI is based in the San Francisco Bay area and has offices strategically located throughout the United States.

AEI Consultants values diversity and is committed to fostering an inclusive environment for our employees and community. We encourage all applicants who are excited about this opportunity and share our career goals to apply, even if they don't meet every requirement. We are proud to offer equal employment opportunities, prohibiting discrimination and harassment based on various protected characteristics defined by law. This policy applies to all aspects of employment. At AEI Consultants, we believe that a diverse team is essential for our success, and we strive to attract, develop, and retain talented individuals from diverse backgrounds.