Rochester, NY According to the Upstate New York Chapter of the Appraisal Institute, William Beyerbach, MAI, SRA, is the 2019 president. Beyerbach is owner of Appraisal & Consulting Services. Other 2019 officers include Philip Coughlin, MAI as president elect; Stephen Ferrara, SRA as treasurer; and Shawn Riley secretary. New directors Kate Frank MAI and Denise Rhoads a vice president for Community Bank NA join the current board members which include Thomas LaBelle, MAI, Mark Grant; MAI, Jason Graves, Walter Copeland, SRA, and William Keast.
The Appraisal Institute is recognized as the leader in the real estate appraisal industry and is one of the oldest organizations of real estate appraisers in the world.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,