Tim Gillespie, MAI joined Newmark Valuation & Advisory in 2017 and currently serves as an Executive Vice President overseeing the Hospitals portion of the Healthcare & Seniors Housing Practice nationally. In this role, Gillespie is responsible for business development; aggressively recruiting top appraisal professionals; continuing to provide outstanding service to clients; and third party appraisal review services.
As the National Hospitals Lead for the Healthcare & Seniors Housing Specialty Practice, Gillespie oversees a team of experts whose innovative, consulting-driven approach provides best-in-class valuation and consulting services for all properties belonging to the healthcare/seniors housing asset class.
Additionally, Gillespie is involved with the preparation and review of appraisal reports on a broad range of healthcare-oriented properties including short term acute care hospitals, long-term acute care hospitals, rehabilitation hospitals, specialty hospitals, psychiatric hospitals, ambulatory surgery centers, behavioral healthcare facilities, dialysis centers, cancer centers and medical office buildings.
Gillespie has completed many different types of valuations, including proposed, partially completed, renovated and existing structures, as well as various consulting services such as market rent studies, going concern valuations, highest and best use analyses for national healthcare providers, and specialty USDA lending for rural hospitals. Gillespie also has significant experience in litigation assignments, including the preparation of appraisals and providing expert witness testimony for federal bankruptcy proceedings.
Prior to Newmark, Gillespie served for nearly five years as a Managing Director of Salus Valuation Group, Inc., an Atlanta-based national healthcare valuation firm.
Gillespie has earned the MAI designation from the Appraisal Institute. He has also completed continuing education courses and seminars sponsored by the Appraisal Institute and other real estate factions on an annual basis to maintain state licensing requirements.
Licenses and Designations
- MAI designation, Appraisal Institute
- Certified General Real Estate Appraiser, states of Florida, Texas, California, Michigan, Oregon, Tennessee, Minnesota, Louisiana, Virginia, Mississippi, South Carolina, Pennsylvania, Arizona, Ohio, Oklahoma, Kentucky, Missouri, New York, New Jersey, Georgia, Iowa, Washington, West Virginia, Kansas, North Carolina
Gillespie earned a Bachelor of Science degree in business management from the University of South Florida.