Richard Kalvoda, MAI, CRE, FRICS

Richard Kalvoda, MAI, CRE, FRICS
Senior Executive Vice President
Irvine, CA
[email protected]
Richard Kalvoda is a Senior Executive Vice President with Altus Group’s Research,
Valuation and Advisory Practice based in Irvine, CA. Richard has more than 23 years of
real estate experience. His primary clients include real estate operating companies,
REITs, institutional investors, and pension funds.
Richard's areas of expertise include: property valuation of all major property types,
transaction support services, valuation advisory/management consulting, and litigation
support. In relation to transaction support, Richard's experience includes acquisition and
disposition due diligence on an asset and portfolio level, portfolio and benchmarking
analysis, sale/lease back analysis, purchase price allocation, and collateral analysis for
loan underwriting. He also provides expert testimony for litigation involving real estate
Richard received his B.S. in Agricultural Economics from North Dakota State University
and his M.S. in Real Estate Appraisal and Investment Analysis from the University of
Wisconsin - Madison. Prior to joining the firm, Richard served as a Principal with
PricewaterhouseCoopers in the Real Estate Business Advisory Service. Richard holds the
MAI designation from the Appraisal Institute, the CRE® designation with the Counselors
of Real Estate, and is a Fellow, Royal Institute of Chartered Surveyors (FRICS). He is a
certified general real estate appraiser in 21 states and has a California Brokers license.
Richard was also a contributing researcher for Emerging Trends in Real Estate, an annual
survey publication of PricewaterhouseCoopers and Urban Land Institute. He has been a
presenter or moderator at various conferences.
Representative clients include NewTower Trust, American Realty Advisors, ING
Partners, Morgan Stanley, Kamehameha Schools, Healthcare Trust of America, QIC Real
Estate, RREEF, Westfield Group, James Campbell Company, and American Healthcare
Investors, LLC.