Additional Information
“Southern California Apartment Market – Regulatory Changes and Market Conditions”
TOPIC:
This webinar is an overview of major changes that are happening in the regulatory/tax landscape for apartments in the Greater Los Angeles market. Two experts who follow the apartment market carefully will bring up to date on these changes, offer suggestions and guidance about their possible effects, and answer questions about related matters.
SPEAKERS:
George Koiso, MAI
George Koiso, MAI, is a Principal and Senior Managing Director for Worth Valuations. With over 18 years of valuation experience and having managed the production of thousands of appraisals, Mr. Koiso has established a reputation for being one of the most trusted appraisers in the Southern California region. Prior to co‐founding Worth Valuations, Mr. Koiso spent 14 years with CBRE’s Valuation and Advisory Services department. He began his career as a trainee and was eventually promoted to the head of the Los Angeles apartment team. Under his leadership, the team was regularly the fastest growing in the region and eventually grew to be the largest team nationwide, a status it maintained for many years. Mr. Koiso specializes in multifamily residential properties. He has significant experience with Class A institutional‐quality assets, both existing and proposed, having worked on many of the highest‐profile assets in Southern California. Mr. Koiso also specializes in affordable housing, Small Balance Loan (SBL) apartments (including value‐add/bridge loan assignments) and has an exceptional record for managing very large portfolio assignments. He has also served as an expert witness for property tax appeal purposes, having been involved with over 100 tax appeal cases. Mr. Koiso also conducts external appraisal reviews for various financial institutions and was previously a Review Appraiser for JP Morgan Chase, where he achieved the highest internal employment rating. He has been a frequent guest.
speaker to various financial institutions on topics ranging from current apartment market trends to valuation methodologies for large versus small apartment assets. Mr. Koiso brings a unique perspective to the industry, focusing on team building and continuous personal development within his staff, all while striving to maintain the industry’s highest standards. He has mentored individuals throughout his career and under his leadership, 7 professionals under 30 years old have obtained their California Certified General appraisal license. While his teams have always been high performing, humanity in the workplace has remained an important core value. Outside of work, Mr. Koiso is a dedicated husband of 15+ years and is the son of Japanese immigrants, who instilled in him the virtue of a strong work ethic. He enjoys spending time with his family, personal development, reading, yoga, mixed martial arts, hiking, and traveling.
Pedro Chin
Pedro K. Chin is a Principal and Managing Director for Worth Valuations. Mr. Chin has been a licensed appraiser for almost 30 years and has established a reputation as one of Southern California’s leading professionals for handling complex real estate valuations across a wide spectrum of property types. Mr. Chin regularly provides consultation services to owners, developers, brokers, attorneys, and other appraisers throughout Southern California, particularly as it relates to land, residual land valuation, ground leases, and feasibility issues.
Prior to co-founding Worth Valuations, Mr. Chin spent over 30 years at CBRE’s Valuation and Advisory Services department in the Los Angeles office. After graduating from the University of Southern California with a Bachelor of Science in Business Administration with an emphasis in Real Estate, he was a practicing appraiser for 20 years focusing on a wide variety of income-producing property types, including retail, office, industrial, multifamily, residential subdivisions, and land valuations. In his last 10 years at CBRE, Mr. Chin has narrowed his practice to specialize in complex multifamily residential valuation assignments, both existing and proposed. He also served as the former co-head of the apartment team, a team he helped grow to become CBRE’s largest team nation-wide.
Mr. Chin has appraised some of Southern California’s most iconic residential assets, including Oceanwide Plaza, 9900 Wilshire, The Century, 10000 Santa Monica, Hollywood Palladium, Beverly Hills Hilton (redevelopment), Queen Mary, Dodger Stadium (land), Columbia Square (former CBS Studios), Los Angeles Center Studios (land), The Village at Santa Monica, the House of Blues redevelopment, The Lorenzo student housing, LEVEL Furnished Living, and several multi-use master-planned communities. Mr. Chin also has extensive experience with adaptive reuse conversions to mixed-use multifamily (rental and for-sale) with ground floor commercial or to creative office, properties with boat slips, properties impacted by regulatory restrictions (i.e. LIHTC’s, HUD, Mills Act, Coastal Commission, split-zones, conservation land, etc.), and ground-leased assets. |
