Kelly Fried, MAI, joined Newmark’s Valuation & Advisory in 2018 as a senior vice president in the Cincinnati office. As the co-team leader for the Southwest Ohio area, Ms. Fried is responsible for providing outstanding service to clients as well as preparing and reviewing appraisal reports. Since beginning her career in 2001, Ms. Fried has worked with clients on a variety of property types including retail, office, industrial, complex mixed-use developments, urban redevelopment projects, multifamily, medical facilities, land and special-use assets. She has also provided valuation and consulting services on federal and historical tax credits, tax increment financing (TIF) and a variety of tax abatements. Additionally, Ms. Fried has significant experience in litigation assignments, including the preparation of appraisals and providing expert witness testimony. She has also testified as an expert witness in a number of ad valorem tax appeal cases before the Ohio Board of Tax Appeals and before many of Ohio’s 88 counties.
Prior to Newmark, Ms. Fried served as a senior vice president for the Gem Real Estate Advisory Group. She rejoined Gem in 2010 after serving with the company from 2001 to 2004. During her first three years with that firm, Ms. Fried provided valuation and consulting services to a broad range of clients and participated as an expert witness in litigation, condemnation and tax appeal cases. From 2004 to 2007, Ms. Fried assisted in the project management and development of the $45 million Fountain Square redevelopment, the public square in the heart of Downtown Cincinnati, for Cincinnati Center City Development Corp. (3CDC). In addition, she provided financial underwriting, analyses and recommendations to The Cincinnati Equity Fund and the Cincinnati New Markets Fund for downtown and Over-the-Rhine project investments. From 2007 to 2009, Ms. Fried performed financial feasibility analysis and due diligence on potential land developments for a $70 million private equity development fund of Phillips Edison & Company, a national developer and owner of shopping centers.
- Secretary, Ohio Chapter of the Appraisal Institute
- Member, Urban Land Institute (ULI)
- Member, Past Presidents Advisory Committee, CREW (Commercial Real Estate Women Network) Greater Cincinnati; president, 2004
- MAI designation, Appraisal Institute
- Certified general real estate appraiser, Commonwealth of Kentucky and states of Indiana and Ohio
Ms. Fried earned her Master of Business Administration degree in finance and her Bachelor of Business Administration degree in marketing and real estate from the University of Cincinnati. More recently, she has completed the requirements of the Appraisal Institute’s continuing education program.