14A — September 16 - 29, 2016 — Appraisal — M id A tlantic
Real Estate Journal
www.marejournal.com
A ppraisal
O O D B R I D G E , NJ — New Jer- sey Realty Advi- Michael started his real estate appraisal career in 2004 NJ Realty Advisory Group congratulates Michael Nwosu on obtaining SRA Designation W Group the chance to offer you his deep expertise. adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice.
chael started his real estate appraisal career in 2004. In his previous career, he was a chemical engineer and a petrochemical engineer for 25 years, from 1976 to 2001, a career which he enjoyed very much and contributed much in the design, development, and manufacturing of new products. In 1995 he became interested in the appraisal industry and by 2009, after completing and passing the required courses, satisfying the requirements and passing the State Certified Residential Real Estate Appraiser Exams,
he began his second career as a residential real estate ap- praiser. He became an active member of the Metro New Jer- sey Chapter of the Appraisal Institute, which gave him the support and encouragement to seek the SRA designation. Thi s i s an impress i ve achievement for Michael be- cause it requires a level of education and experience that few professionals in our industry have reached. When you hire him you hire one of the most qualified appraisers in the profession, and it gives New Jersey Realty Advisory
To maintain this designa- tion requires members to fulfill continuing education requirements on an ongoing basis. This includes periodic attendance at and passing the exams for Standards of Profes- sional Practice courses. Today and throughout its 80-year history, the Appraisal Institute is the leading organi- zation for professional real es- tate appraisers. Reflecting its unbiased, objective approach to real property appraisal and analysis, members must
sory Group, LLC c o n - g r a t u l a t e s Michael U. Nwosu on o b t a i n i n g the SRADes- ignation for the Apprais- al Institute.
The Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accor- dance with applicable federal, state, and local laws. Michael provides a wide range of services relating to residential properties, in- cluding providing opinions of value, evaluations, reviews, consulting and advice regard- ing investment decisions, estate valuations and land matters, among others. New Jersey Realty Advisory Group is located inWoodbridge, NJ and provides a wide range of appraisal services to its cli- ents. Michael can be reached at 732-853-0271 or by email at emnwosu@njrag.com. n CHICAGO, IL — The mar- ket rent for a property, known as excess rent, amounts to an intangible asset and should be specifically identified by real estate appraisers, according to the article “Is Excess Rent Intangible?,” by Stephen D. Roach, MAI, SRA, AI-GRS . published this week in The Appraisal Journal . It reports that the amount of rent paid to occupy and use property is established by the lease or contract, and therefore is not an asset of the property itself. n Appraisal Journal publishes article on excess rent continued from page 12A Philadelphia Com- mercial Real Estate Market Overview. . . highly desirable market for both investors and space users going into the second half of 2016. Although the year-to- date transactional volume has decreased compared to 2015, we see a burst of recent assets hitting the market or coming under contract. Our findings, mentioned above, are depicted in the accompanying tables, which illustrate the fundamentals of each mentioned Philadelphia submarket. Joseph D. Pasquarella, MAI, CRE, FRICS is the Senior Managing Director of IRR-Philadelphia. n
Michael Nwosu
Michael has worked with New Jersey Realty Advisory Group since April 2015 and worked hard to obtain this prestigious designation. Mi-
New Jersey Realty Advisory Group, LLC Commercial Valuation and Litigation Support
Providing Professional Appraisal Services for Lenders, Property Owners, Government Agencies and the Legal Community of over 35 years Experience New Jersey Realty Advisory Group, LLC, is a full service Real Estate Appraisal Company servicing central and northern New Jersey. With over 35 years of experi- ence in the real estate business, we perform a wide variety of services for lenders, attorneys, government agencies, corporations and private individuals. Knowledge We know the market. We have worked extensively in Northern New Jersey and have appraised all types of properties from residential homes, large industrial and office buildings, to mom and pop investment properties. Trust We specialize in commercial, retail, industrial, multi-family of all sizes, special purpose properties and the mom and pop buildings located throughout northeast- ern New Jersey. We can handle all of your appraisal needs, delivering USPAP-compliant reports for financing, equitable distribution, eminent domain, inheritance tax or partial interest purposes.
2500 Plaza 5 Harborside Financial Center Jersey City, New Jersey 07311 (201) 499-7618
178 Main Street Woodbridge, New Jersey 07095 (732) 853-0271
Albert F. Chanese, SCGREA MAI Jennifer Barany, SCGREA Michael Nwose, SCRREA
www.njrag.com
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