Real Estate Valuation Expert to Talk About the Valuation of Distressed Real Estate

Real Estate Valuation Expert to Talk About the Valuation of Distressed Real
Estate

OYSTER BAY, N.Y., Sept. 2 /PRNewswire/ -- James MacCrate (CRE, MAI, ASA),
a respected real estate valuation expert, lecturer, and author was one of the
first experts to warn about the weakening of the real estate market beginning
in 2005-2006 at a seminar for the Long Island Chapter of the Appraisal
Institute. He will be presenting a four hour seminar on the valuation of
distressed real estate for the Metro New Jersey Chapter of the Appraisal
Institute for professionals including real estate brokers, owners, and
appraisers on September 12, 2008 at Rutgers University Inn.
The seminar on analyzing distressed real estate was designed to benefit
real estate professionals, appraisers and brokers in their review and analysis
of distressed real estate. Mr. MacCrate stated that "major downturns have
occurred in the last forty years when capital is difficult and/or costly to
obtain and/or when over-building has occurred. As businesses go through
recessions, contractions, and revivals which lead into the next expansion
cycle, real estate follows a similar sequence of changes. The durations of
the real estate cycles vary."
Mr. MacCrate has stated "as a result of this decline in real estate
values, it is less likely that baby boomers, who drove the real estate market
for the last thirty years and are now reaching retirement age, will continue
to invest in real estate." This will impact all types of real estate
investments. The upcoming seminar will examine the relationship between
entrepreneurial incentive, debt, investment risk and value in today's real
estate market.
Jim MacCrate has his own firm on Long Island and is an MAI and SRA member
of the Appraisal Institute, as well as a member of The Counselors of Real
Estate, specializing in real estate valuation in the New York Metropolitan
Area. He formerly was a former member of the Nassau County Board of Assessors
and a Practice Leader/Director at Price Waterhouse LLP in the Real Estate
Valuation Services Group.
The Counselors of Real Estate is an international group of high profile
professionals including members of prominent real estate, financial, legal and
accounting firms as well as leaders of government and academia who provide
objective advice on complex real property situations. Membership is
selective, extended by invitation only.
The Appraisal Institute is a global membership association of professional
real estate appraisers, with nearly 23,000 members and 92 chapters throughout
the world. Organized in 1932, its mission is to support and advance its
members as the choice for real estate solutions and uphold professional
credentials, standards of professional practice and ethics consistent with the
public good.
For additional information contact: Debra Miller,
(appraisal.institute@verizon.net) at (732) 494-4716 or visit the Home Page for
the Metro New Jersey Chapter of the Appraisal Institute
(http://www.ai-newjersey.org/www/ai/home.php).
SOURCE Metro New Jersey Chapter of the Appraisal Institute

Debra Miller, Metro New Jersey Chapter of the Appraisal Institute,
+1-732-494-4716, or appraisal.institute@verizon.net