Clay M. Roth, MAI, joined Newmark Valuation & Advisory in 2017 and currently serves as a Multifamily Specialty Practice Co-Leader and Executive Vice President in the firm’s Houston, Texas office. Clay has more than 30 years of real estate appraisal and consulting experience working for financial institutions, insurance companies, attorneys, federal agencies, operators, and developers.
Clay specializes in the valuation of investment-grade multifamily communities for institutional lenders. His experience includes all residential property types (low-rise, mid-rise and high-rise) ranging from standard, two-story, garden-style communities to luxury apartment complexes and student housing, both existing and proposed. Clay also has significant experience with Fannie Mae- and Freddie Mac-compliant assignments. This experience relates to numerous encumbered developments operating under the affordable housing programs for state, local and federal agencies for LIHTC, HUD Section 8, HOME, HAP, bond-financed communities and tax-exempt, not-for-profit 501(c)(3) properties. Clay is also MAP-certified through the U.S. Department of Housing and Urban Development.
While he specializes in multifamily appraisal work, his valuation expertise encompasses a wide variety of commercial asset types including hospitality, office, retail, industrial, nursing homes, assisted living facilities, congregate care facilities, and special-purpose facilities. He completes appraisal reports, appraisal reviews and market feasibility studies, and is also qualified as an expert witness in Civil and Federal Bankruptcy Courts in Houston, Texas.
Licenses and Designations
- MAI designation, Appraisal Institute
- Certified general real estate appraiser, states of Texas, Louisiana, Oklahoma and Arkansas
Clay earned a Bachelor of Business Administration degree in finance from Texas State University. He has also completed continuing education with the U.S. Department of Housing and Urban Development, including the MAP training seminar, and various courses with the Appraisal Institute.