Matt LaMotte, MAI, JD
Matt LaMotte began appraising in 1998 with a focus on market rate multi-family properties. After obtaining his J.D. in 2003 and practicing civil litigation for several years, he returned to appraising in 2007. In 2012, he became a designated member of the Appraisal Institute. Recent appraisal and consulting assignments have been divided between market rate projects and low income tax credit projects throughout the State of Washington.
Market rate assignments include proposed projects and existing properties throughout the state. Past examples range from proposed micro-unit properties located on Seattle’s Capitol Hill to mixed use projects in Bellingham and suburban walk-up projects in the Tri-Cities.
Matt is on the Washington Housing Finance Commission’s Approved Market Study Provider list and about half of his practice is generally devoted to Low Income Housing Tax Credit market studies, HUD rent comparability studies or low income housing appraisals for a variety of consultants, non-profit developers and housing authorities. Past assignments range from workforce and farm worker housing to senior housing. In addition to his multi-family expertise, he has broad commercial real estate experience from motorcycle dealerships to youth hostels.
Ben Wilcox, MAI, ASA
Ben Wilcox has more than 25 years of experience in business and real estate valuation. He has prepared appraisals and consulting services to support litigation in partnership disputes, eminent domain, bankruptcy, and divorce as well as for Year 15 LIHTC buyouts, transaction due diligence, pension advisory, estate and gift tax, lending, insurance, title claims, and financial reporting uses.
Ben specializes in the intersection between business and real estate valuation with a focus on real estate investment vehicles and real estate properties with intangible components. Work in this area has involved entities with more than $2 billion in assets, and his expertise with real estate entities is strengthened by his experience with the underlying properties. In addition to affordable housing and market-rate apartments, Mr. Wilcox has valued the full range of office, industrial, retail, and residential-development properties and a spectrum of other property types with intangible components.
Past assignments have also addressed issues such as complex capital structures, participation loans, securitized real property interests, transferable development rights, diminution due to environmental contamination and seismic damage, investment portfolio risk, the feasibility of developing air rights over a right of way, the adaptive re-use potential of a historic property, development site selection, and use planning for a prospective master planned community.