Thomas Paul Bearoff, MAI, CRE

• tbearoff@bearoffandcompany.com

Initially involved in the real estate business during 1971 in sales and leasing of residential and multi-family properties; founded Bearoff & Company (B&Co) during 1978;  awarded MAI designation by The Appraisal Institute during 1986; invited to membership in The Counselors of Real Estate during 2004;  now leads a team of certified appraisers and analysts in the completion of intensive real estate appraisal valuation, counseling and advisory assignments in the Philadelphia Metropolitan Region.

Particular emphasis on fractional interest valuations in partnerships and real estate, conservation easement valuations, financing related transaction appraisals, ad valorem assessment counseling and appraisal, in addition to valuations involving stigma, construction defects and contamination.

Present and past memberships, faculty assignments and professional contributions include:

• The Appraisal Institute - MAI designated members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability; held by appraisers who are experienced in the valuation and evaluation of commercial, industrial, residential and other types of properties.
• The Counselors of Real Estate - An organization serving 1,100 members worldwide.  The CRE designation is bestowed by invitation only, in recognition of achievements in real estate counseling. Members provide valuable and meaningful real estate counseling services to their client and are recognized for their excellence, knowledge, integrity, and judgment in real estate problem-solving abilities.
• Pennsylvania State University's Smeal College of Business - Past adjunct faculty member
• Member of the Advisory Board of The Appraisal Journal, the prestigious quarterly publication from The Appraisal Institute
• President of the Montgomery County Board of Realtors
• Director and Officer of the Philadelphia Metropolitan Chapter of The Appraisal Institute
• Charter Member and Director of the Tri-State Association of Commercial and Industrial Realtors
• Training sessions and seminars provided for the real estate departments of national companies involved in corporate relocation
• Participation in seminars, forums and lectures covering a wide spectrum of real estate related issues
• PA Certified General Appraiser GA-116-L; NJ Certified General Appraiser 42RG00211400; DE Certified General Appraiser X1-445; PA Real Estate Broker RB-40445A

Press:

• The Greenville News, Greenville, SC on May 21, 2006 featured the front page article "Duke Considers More Reactors on Keowee" by reporter Paul Alongi.  The article addressed a proposed nuclear power plant to be build by Duke Energy and its impact upon residential construction patterns in one of the nation's fastest growing suburbs of $1.0 million new home construction.

"Thomas Paul Bearoff, a Pennsylvania-based real estate consultant, said homebuyers in suburban Philadelphia have shied away from lots that have a view of the Limerick plant. But home sites as little as a quarter-mile away, shielded from the view, are going for up to $1 million.  He said;  If you can see the towers, it's a negative."

Qualified as an expert witness before:

• U.S. Federal Bankruptcy Court
• U.S. Department of Justice Tax Division - Mediation Team Member
• Courts of Common Pleas of Montgomery, Chester and Delaware Counties
• Philadelphia Tax Review Board
• Boards of Assessment Appeals of Montgomery, Chester and Delaware Counties
• Zoning Hearing Boards throughout the suburban Philadelphia area

Coverage Area

Southeastern Pennsylvania, Southern New Jersey and Delaware

• Gretchen G. Bearoff - Chief Financial Officer

  • B.A. Degree University of Pennsylvania; joined B&Co in 1986; responsible for work product reviews, personnel management, bookkeeping, accounting.

  • gbearoff@bearoffandcompany.com

   

• Kristen A. Manikowski - Senior Analyst

  • B.S. Degree in Finance with Economics Minor, 2004 Pennsylvania State University; joined B&Co in 2005 specializing in research, investment property analysis and complex property valuations.  Ms. Manikowski has extensive experience in market and absorption studies for proposed residential developments,  major apartment and shopping center property valuations, office and industrial property appraisals in PA, NJ and DE. Certified PA General Appraiser GA-3831.

  • kmanikowski@bearoffandcompany.com

   

• Bradford J. Houpt - Senior Analyst

  • B.S. Degree in Real Estate, 1992 Pennsylvania State University; joined B&Co in 2011; extensive experience in commercial, development and investment real estate since 1992 valuing a variety of property types including acute care and retirement facilities, residential subdivisions, office, retail, apartments, landfills rights-of-way, conservation easements, partial interests,  leased fee and leasehold interests in PA, NJ and DE.  PA General Certified Appraiser GA-1698-L, DE General Certified Appraiser X1-553 and NJ Certified General Appraiser 42RG00219300.

  • bhoupt@bearoffandcompany.com

   

• John T. Morris - Senior Residential Analyst

  • B.S. Degree Pennsylvania State University; joined B&Co in 1995 with extensive experience in corporate relocation; single to four-family residences; market research and analysis for subdivision absorption studies.  Mr. Morris specializes in relocation appraisals; estate property valuations along the Main Line, and complex dwelling valuations in the suburban Philadelphia counties including the New Jersey shore area. Mr. Morris has gained experience in the valuation of damaged residential properties as a result of construction defects and stigma due to a variety of causes.  Certified PA Residential Appraiser RL-3509-L.

  • jmorris@bearoffandcompany.com

   

• Joshua M. Soroka - Analyst

  • Bachelor of Business Administration degree from the Fox School of Business, Temple University, 2009; Majors in Real Estate, Finance & Risk Management and Insurance, joined B&Co in 2009 specializing in self-storage facility, mixed use commercial, industrial, apartment and office property valuations.

  • jsoroka@bearoffandcompany.com

 

Investment and Income Property Experience 

Varied experience for over 25 years in the valuation of most property types including:

• commercial and medical offices
• retail shopping centers
• flex industrial
• garden and high rise apartment
• commercial and mixed use properties
• hotel/motel
• development land for residential and commercial uses
• automobile dealerships
• land conservation and facade easements
• partial taking condemnation
• condominium conversions
• leased fee and leasehold estates
• fractional interest discounting procedures

• research laboratories
• big box retail facilities
• cold storage facilities
• equestrian related properties
• conservation easements
• restaurants
• hotels/motels
• country clubs and golf courses
• schools
• institutional uses
• self-storage facilities
• mobile home parks
• truck terminals
• community centers