Russ A. Gressett, MAI

Houston, Texas

General Specialty

Commercial Real Estate Appraisal
Commercial Real Estate Brokerage

Specialty Focus

1031
Acquisition
Appraisal
Assessment
Bankruptcy
Brokerage
Commercial Real Estate
Condemnation
Disposition
Divorce
Eminent Domain
Environmental
Estate
Financing
IRS
Just Compensation
Landlord
Leasing
Loan
Lost Profits
MAI
Market Rent
Market Value
Partnership
Partnership Dispute
Probate
Property Management
Rent
Rental Rate
Standard of Care
Stigma
Taxes
Tenant
Valuation
Zoning

Primary Areas of Expertise


Commercial Real Estate Appraisal & Commercial Real Estate Brokerage


Mr. Gressett’s experience includes 37+ years in commercial real estate consulting, valuation, brokerage and construction / development. His academic experience includes a strong background in land economics and real estate finance. In the previous 10 years, he has been engaged as an expert witness on over 90 occasions.

Mr. Gressett’s industry experience in commercial real estate appraisal, appraisal review, brokerage, mortgage underwriting due diligence and construction / development has been gained in the major real estate markets of the United States, but mostly in the Texas markets. Mr. Gressett regularly consults with attorneys, corporations and individuals on complex commercial litigation issues. As a result, he has extensive experience in dispute resolution and litigation support as an expert witness through involvement in court cases requiring real estate consulting and valuation, brokerage and development expertise. Mr. Gressett’s experience has also enabled him to be an effective arbitrator as he is uniquely qualified to accommodate parties in resolving market value, market rent and “equitable division” disputes of all sizes and shapes. These may arise in divorces, partnership disputes, estate disputes, landlord/tenant disagreements, contracts, eminent domain and numerous civil litigation circumstances that occur regularly in the real estate marketplace.

Mr. Gressett is adept at conducting forensic market research, evaluating market studies, reviews and/or performing valuations and real estate forecasts back-in-time, currently, and forward-in-time to assess damages and bring context and clarity to the issues in question. A description of some of Mr. Gressett’s practice areas that are offered are as follows:

  • Expert Witness – Real Estate Valuation and Brokerage
  • Preparation of expert reports estimating just compensation, damages and market value
  • Deposition and cross examination assistance
  • Review and rebuttal of expert reports as an in-house, non-testifying consultant
  • Eminent domain (defendant’s side)
  • Exhibit preparation for trial
  • Asset, estate and probate valuations

Education:

  • Master’s Degree-Land Economics and Real Estate, Texas A&M University – December 1990
  • Bachelor of Science Degree- Texas A&M University – December 1988 

Certifications:

  • Designated Member of the Appraisal Institute (MAI)
  • Licensed Real Estate Appraiser – Texas
  • Licensed Real Estate Broker – Texas
  • Licensed Property Tax Consultant – Texas
  • Member – Houston/Texas/National Associations of Realtors
  • Licensed arbitrator – Texas State Comptroller’s office

rgressett@tgcrc.com

http://www.tgcrc.com

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