Michael Pratico, Jr., Ccim, Ai-Grs, Mrics

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics Email and Phone Number

Corporate Real Estate Professional & Valuation Expert @ Columbia Bank New Jersey
Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's Location
Trenton, New Jersey, United States, United States
Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's Contact Details

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics work email

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics personal email

n/a

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics phone numbers

About Michael Pratico, Jr., Ccim, Ai-Grs, Mrics

Multi-industry Real Estate Professional capable of taking projects from site analysis and selection, spearheading due diligence, assembling financing, shepherding the project through the land use approval process, space planning, lease-up, and ultimately disposing of the asset. Resourceful Asset Manager serving corporate clients in healthcare, retail, and office. Pragmatic negotiator that structures transactions to mitigate potential risks while capitalizing on opportunities to achieve the strategic imperatives. Valuation Expert who understands the unique requirements of state and federal acquisitions. Dynamic expert in real estate appraisal with career spanning 13 years in client consulting and appraisal for residential, commercial, and industrial properties, supported by an additional 3 years in entrepreneurial executive leadership. Specialties: • Appraisal and Appraisal Review• Asset and property management• Environmental Due Diligence• Re-positioning Assets• Land Use/Zoning• Site Selection• Negotiating transactions for both owners and buyers or tenants• Financial and Investment Analysis• Expert Witness: Property Tax Appeals and Litagation Support• Valuation• Investment Modeling• Licensees include: Broker-Salesperson (NJ), Salesperson (PA), and State Certified General Real Estate Appraiser (NJ & PA)

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's Current Company Details
Columbia Bank New Jersey

Columbia Bank New Jersey

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Corporate Real Estate Professional & Valuation Expert
Michael Pratico, Jr., Ccim, Ai-Grs, Mrics Work Experience Details
  • Columbia Bank New Jersey
    Chief Appraisal Officer (Collateral Manager/Director Of Real Estate)
    Columbia Bank New Jersey Mar 2013 - Present
    Fair Lawn, Nj, Us
    Direct the valuation and environmental risk components of collateral management area as well as having oversite of all corporate real estate.
  • Richardson Commercial, Llc Realtors
    Real Estate Consultant, Asset Manager, And Broker Associate
    Richardson Commercial, Llc Realtors Jan 2001 - Present
    Hamilton, New Jersey, Us
    Provided a range of real estate services for corporate clients and investors in 500+ transactions to maximize asset utilization. Implemented lease transaction management systems. Managed a team of four that achieved a 20% increase year-over-year revenue and a client retention rate of 90%.• Site Selection/Strategic Planning: Developed leasing, acquisition, development, and disposition strategy for corporate clients. Reduced the overall cost of occupancy by 5 to 50% through early buy-outs, site optimization, asset redeployment, lease re-negotiations, and subletting.• Project Management: Streamlined the site evaluation process by coordinating a multi-discipline team including legal, environmental, and other professionals with deal cycles shortened by 10 to 25%. Spearheaded the entire acquisition and development process by leveraging relationships with governmental officials to fast-track the process cutting time to market by 10 to 50%. • Capital Budgeting/Financing: Developed budget for development projects including both soft and hard costs. Source traditional capital providers and private funding sources ranging from $750,000 to $3,000,000 for 20+ transactions. • Expert Witness: Advocated for clients on tax appeals cases, resulting in 30% reductions and provided litigation support for the Standard of Care.
  • Nj Department Of Environmental Protection
    Senior Review Appraiser
    Nj Department Of Environmental Protection Sep 2010 - Present
    Trenton, Nj, Us
    Senior Review Appraiser (State Certified General Real Estate Appraiser New Jersey and Pennsylvania)Assist supervisor in overseeing the review appraiser team for state and federal land acquisitions. • Appraisal Review: Supervised or completed 100± appraisal review assignments ranging from single family homes to cross-state utility easements insure complained with Green Acres standards, USPAP, and Uniform Standards for Federal Land Acquisitions.• Process Improvement: Re-engineered the Scope of Work to create greater consistency across appraisals and streamline the review process.• Improved Data Integrity: Redesigned the databases for both appraisers and comparable sales.
  • Davanita Design
    Founder And Vp Of Sales
    Davanita Design 1998 - 2000
    Along with my partners, negotiated the sale of the company to a Texas-based firm. Orchestrated sales effort which took the company from inception to $200K+ revenue in 18 months. Managed the finance and human resource departments including hiring 10± employees
  • Statler Hotel
    Banquet Manager
    Statler Hotel Aug 1995 - Dec 1998

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics Skills

Real Estate Real Estate Development Leases Commercial Real Estate Property Management Real Estate Transactions Appraisals Investment Properties Real Estate Economics Due Diligence Tenant Valuation Disposition Negotiation Contract Negotiation Location Intelligence Investors Brokerage Financial Analysis Dispositions Expert Witness Zoning Relocation Market Analysis Sales Investments Sellers Asset Management Reo Development Appraisals Short Sales Selling Buyer Representation Foreclosures Lease Administration Working With Tenants Asset Managment Appraisal Review Land Acquisition Retail Real Estate Financing Apartments Corporate Real Estate Property Hud Real Property Residential Homes

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics Education Details

  • Cornell University
    Cornell University
    Hotel Administration
  • University Of Massachusetts Amherst
    University Of Massachusetts Amherst
    And Securities Law
  • The Wharton School
    The Wharton School
    Wharton Leadership Certificate
  • Aba Stonier Graduate School Of Banking
    Aba Stonier Graduate School Of Banking
    Banking
  • The Peddie School
    The Peddie School
    High School/Secondary Diplomas And Certificates

Frequently Asked Questions about Michael Pratico, Jr., Ccim, Ai-Grs, Mrics

What company does Michael Pratico, Jr., Ccim, Ai-Grs, Mrics work for?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics works for Columbia Bank New Jersey

What is Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's role at the current company?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's current role is Corporate Real Estate Professional & Valuation Expert.

What is Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's email address?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's email address is mi****@****ial.com

What is Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's direct phone number?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's direct phone number is +160958*****

What schools did Michael Pratico, Jr., Ccim, Ai-Grs, Mrics attend?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics attended Cornell University, University Of Massachusetts Amherst, The Wharton School, Aba Stonier Graduate School Of Banking, The Peddie School.

What are some of Michael Pratico, Jr., Ccim, Ai-Grs, Mrics's interests?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics has interest in Social Services, Children, Economic Empowerment, Education, Health.

What skills is Michael Pratico, Jr., Ccim, Ai-Grs, Mrics known for?

Michael Pratico, Jr., Ccim, Ai-Grs, Mrics has skills like Real Estate, Real Estate Development, Leases, Commercial Real Estate, Property Management, Real Estate Transactions, Appraisals, Investment Properties, Real Estate Economics, Due Diligence, Tenant, Valuation.

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