|
|
|
|
John A. Dalkowski III, CRE, MAI is a highly regarded
real estate professional with extensive experience in counseling and investment analysis, litigation support,
acquisitions, dispositions and workout strategies, development, valuation, and marketing. Counseling clients have included
law firms, real estate developers, governmental agencies and corporations throughout the U.S. on a comprehensive cross-section
of large, complex and significant properties. Mr. Dalkowski has provided valuation / counseling services on hundreds
of properties, exceeding $6 Billion in cumulative value over the past 23 years, and has an extensive
range of geographical experience - in more than 26 U.S. states. He is an MAI-designated,
certified general real estate appraiser licensed in New York, Georgia, South Carolina and Florida. His
education includes a Masters degree in both Real Estate Valuation and Analysis and Real Estate Development and Investment
from The Real Estate Institute at New York University. Mr. Dalkowski has also personally developed more than $53M in current
dollar projects as a principal and general contractor. |
| |
EDUCATION M.S., NEW YORK UNIVERSITY - THE REAL ESTATE INSTITUTE, NY Multiple Concentrations in
Real Estate Development and Investment
And
Real Estate Valuation and Analysis
B.Sc., FRANKLIN PIERCE COLLEGE - Rindge, NH
Major in Management /Unofficial minor: Marketing JOHNS
HOPKINS UNIVERSITY - Baltimore, MD
Course work in
Business Management and Real Estate
|
|
|
|
|
|
|
|
Managing Director
NATIONAL REAL ESTATE RESEARCH,
LLC |
|
| |
NATIONAL REAL ESTATE RESEARCH
is a nationwide consulting practice offering a full range of research-based valuation, analytical, and transactional
counseling services. The major focus of the firm is litigation support and expert witness services, distressed property
solutions and valuation of large, complex, or unusually difficult assignments in most property types. Significant areas of
expertise are in determination of real estate diminution of value damages due to stigma or other external forces,
allocation of tangible and intangible values comprising the total assets of the business, correctional facility valuations
and alternative use studies, valuation of ski resorts, indoor waterparks, and other leisure real estate products, hospitality
and resort properties, fractional interest properties, and adventure centers / entertainment venues. Counseling
clients have included developers, governmental agencies, corporations and law firms throughout the US on a comprehensive cross-section
of significant properties and real estate disputes. Mr. Dalkowski has also been a recognized expert in the Senior Living and
LIHTC industries. |
|
| |
Significant Transactional and Counseling Activities Completed more than 30 Litigation Support counseling and valuation
assignments. Among these cases were the following: |
|
| |
United States District Court, Eastern District of Louisiana,
Spring, 2010 - Chinese-Manufactured Drywall Products Liability Litigation Support Team
member, analyzing the real estate impairment due to “stigma” following remediation.
Valuation for Bankruptcy reorganization, and subsequent liquidation of large Northeastern US ski
resort. Valuation included the ski mountain operation, a full service, four-star 150-key hotel condominium
/ fractional ownership resort, a 41,000 square-foot indoor waterpark, and an Adventure Center with a mountain coaster, tubing
runs, zip line courses, aerial ropes course, and other entertainment venues. Other assets valued included the excess 326.04
acres of land, the valuation of a cell tower ground lease, and the valuation of a 30 percent interest in the gas and oil mineral
rights lease associated with all of the acreage.
Valuations of numerous Manhattan hotel properties including Morgan's,
Royalton, Doubletree Metropolitan, that were recently sold as going concerns, and which are now or were the subject of transfer tax appeals with the
NYC Department of Finance. The cases hinge on the issue of establishing and quantifying the tangible real estate value and
the intangible value of the hotel assets, including the FF & E and personal property, and the business value of the enterprise.
Potential exists to serve as an expert witness to testify if any cases go to the tax tribunal. Currently, the hotels total
more than 1,000 keys have an aggregate market value of approximately half a billion dollars.
Valuation for tax appeal - Hyatt Regency Tampa,
to establish and quantify the tangible real estate value and the intangible value of the assets of the 521-room, $63,000,000
hotel, including the FF & E and personal property, and the business value of the enterprise. VAB hearing resulted in a
reduction of the assessment by approximately $2,500,000 and an annual tax savings of more than $53,000.
Superior Court of New Jersey,
Chancery Division Hudson County, NJ. Valuation for litigation support and court testimony in 2011 case, to vacate the
sheriff's sale of a distressed apartment complex because of the mistake in bidding. The Court, in its oral decision, concluded
that Dalkowski's testimony and valuation was credible, and rendered a final opinion granted our client's motion, and vacated
the sheriff sale.
Provided litigation-support counseling for the
Fresh Kills Landfill Environmental Cancer Phobia Litigation to determine stigma and damages sustained by homeowners resulting
from proximity to Fresh Kills landfill, Staten Island, NY.
Provided litigation-support counseling to document
the development and construction costs, and determine the damages incurred in a dissolved partnership, resulting from the
failure to build Heron Tower, Phase II, a major Midtown Manhattan luxury, 19-story, 130,000-square-foot office tower.
Arbitration / litigation-support valuation to
determine the market rental rate for a 99-year ground lease rent renewal negotiation under a Greenwich Village, NY residential
/ retail co-op building. Financial / economic analyses and valuation support resulted in an arbitration award of $9,100,000
to our client.
Limited partnership valuation for estate-tax
litigation of a 1,000,000 square-foot, 43-story, Times Square showroom building. Valuation was completed as of four separate
dates.
Completed more than 70 Distressed Property valuations for
the FDIC related to assets belonging to failed banks. Among these assets were the following:
Determination of current Project value for negotiation
of sale of Landmark at Doral, a failed $142-million multi-phase residential, retail and industrial / flex office PUD situated
on an 117.941± acre site. Project required analysis of infrastructure actually in place and current land value, for
1,109 residential units, 188,000± square-feet of retail / office space, and 230,000 square-feet of industrial flex
/ office space.
Valuation of Indrio Town Center development tract,
a 115.47-acre Mixed Use residential and commercial PUD for 500 residential DU's and 35 acres of commercial development that
involved analysis of every sale in St. Lucie County, FL for the past four years.
Valuation of Nirvana Spring Water Facility in
Upstate New York, a state of the art, 261,279 square-foot spring water bottling facility on 1,679.15 acres.
Highest and Best Use Analysis, and Valuation
"As-Is" and under an alternative use scenario of the recently closed 1,000-inmate Arthur Kill Correctional
Facility in Staten Island, NY.
|
|
| |
Appraisal team member in determination of the “fair market value” (as that term is defined
by Internal Revenue Service regulations) of the “Freedom Tower” in Miami, FL, for federal income tax purposes
to support the charitable donation of the landmarked historic building to a qualified organization, as of July 22, 2008, a
retrospective date, and the date of donation to Miami-Dade College.
Hypothetical valuation and highest and best use
analysis of the Helen Hayes Hospital Campus in Rockland County, NY based on the assumption the buildings would be delivered
unoccupied. The complex "As-Is "consists of the main Rehabilitation Hospital building built in 1981, and 20+ older
(circa 1930's) institutional type brick buildings roadways, parking and support facilities comprising approximately 500,000
square feet of building area, all situated on a 103± acre campus. The buildings consist of a mix of presently
operational institutional medical facilities as well as vacant and/or under-utilized facilities. Additionally, the valuation
included approximately 70± acres of undeveloped excess land.
Provided transactional counseling, due diligence
and brokerage services for a prominent national Not-for-Profit behavioral healthcare organization’s expansion in the
New York Region. Services included market research and site selection, due diligence for the acquisition of a large site /
existing operation, and the subsequent disposition of their existing Manhattan facility.
-
Miami International Commerce
Center - a 3.2 million square-foot, 53-building, 275+ tenant warehouse / distribution facility valued at more than $150 million. Malibu Lakes Apartments in Naples, a conversion of an existing
356-unit apartment complex to condominiums, valued at $109 million. Park South in Orlando, a conversion of an existing 400-unit apartment complex to condominiums, valued
at $55 million. Poinciana Lakes
in Davie, a conversion of an existing 255-unit apartment complex to condominiums, valued at $55.5 million. The Antigua Bay and Montego Bay complexes in Fort Myers, a
planned conversion of two existing 240-unit and 288-unit apartment complexes to condominiums, valued at $74.3 million. Chatham Landing in Orlando, a conversion of an existing 264-unit
apartment complex to condominiums, valued at $42 million, and The Ashlar complex in Ft. Myers, a planned conversion of an existing 428-unit apartment complex to
condominiums, valued at $128.7 million.
|
|
| |
Created the conference agenda, recruited
speakers and panelists, and was Conference Chairman for, and Co-Sponsor of the United Nations “Urban Senior Housing:
Global Perspectives, Challenges and Opportunities” conference, held June 3 - 5, 1998. The event drew 168
leading international executives and other Senior Housing industry figures to New York. This international program was developed
in conjunction with an affiliate organization of the United Nations Centre for Human Settlements (HABITAT).
|
|
| |
|
|
|
2005 to July 2010
|
Investment Advisor / Broker Marcus
& Millichap REIBC National Seniors Housing
Group |
Miami
|
|
|
Represented buyers and sellers and provided transactional services for Seniors Housing Property types including
independent and assisted living, dementia, skilled nursing facilities, CCRC’s and Low Income Housing Tax Credit-financed
apartment complexes from Maine to Texas.
Associate Real Estate Counselor and Appraiser
Daniel
P. Lane and Associates, Inc.
Scribner and Partners, Inc. |
|
| |
These two organizations are recognized among the premier
real estate valuation and counseling firms in New York City. Mr. Dalkowski earned his MAI and CRE designations while here
and specialized in complex real estate issues, due diligence for arbitration, environmental and other litigation support,
market analyses, development feasibility studies, economic base and alternative-use studies. Review appraiser for various
outside clients.
|
|
| |
Significant Accomplishments |
|
| |
|
|
| |
Assignments encompassed major Manhattan
office buildings, retail, commercial and industrial properties, large condominium and multi-family projects, national hospitality
properties, senior living, health care, diagnostic and primary care treatment centers, AIDS-related housing, skilled nursing
facilities (SNF’s), land developments and special use properties.
|
|
| |
|
|
|
|
Real Estate Counselor, Appraiser - Construction
Management Consultant |
|
| |
Real estate development counseling and construction
management consulting services provided to developers on a variety of commercial and residential developments. |
|
| |
Significant Accomplishments |
|
| |
Conceived development plan, researched, wrote
and completed Full Development Proforma and loan package for proposed 955-unit, $200-Million Congregate Care Retirement Community
(CCRC), planned in an urban location.
|
|
| |
Prepared design-build proposals for national
retail developer, and implemented “big-box” retail and supermarket projects. Completed front-end development and
construction buy-out services for Service Merchandise, BJ’s Wholesale, and Staples superstores, and Winn-Dixie supermarkets
from Maine to Florida.
|
|
| |
|
|
| |
|
|
|
|
Chief Executive Officer
Park Development Corporation |
|
| |
Total responsibility for Real Estate Development/Commercial
General Contracting Firm. Developed, built and marketed hundreds of single family homes and multi-family units, as well ascommercial
projects including office, retail, industrial, medical and hospitality projects.
|
|
| |
|
|
|
