TJ Griffith Achieves MAI Designation

 

Chicago, IL – Dec. 17, 2013 – Thomas J. (TJ) Griffith, vice president and head of Principle Valuation’s seniors housing division, has achieved the Designated Member (MAI) status by the Appraisal Institute, a global organization of real estate appraisers.

According to the Appraisal Institute, achieving MAI status demonstrates that a person has gone above and beyond the education and experience needed for state certification. It also demonstrates a commitment to advanced education, higher ethical requirements and elevated expectations for the appraisal profession as a whole”

“Since joining our firm, TJ has become indispensable in overseeing the healthcare valuation work of our seniors housing division,” said Timothy Baker, President of Principle Valuation. “This designation affirms his commitment to our clients and to the industry.

Principle Valuation’s seniors housing clients include financial institutions and owners and operators of skilled nursing facilities, continuing care retirement communities, assisted living facilities, and independent living facilities. Services include valuations for real estate, equipment and business enterprises for conventional and HUD financing, allocation of purchase price, as well as market studies and a myriad of other purposes.

Mr. Griffith has been in the appraisal industry for more than a decade. Prior to joining Principle Valuation, he worked at Wellspring Valuation, which was subsequently purchased by Huron Consulting Group.

In addition to his MAI, Mr. Griffith has a BA in real estate and business administration from Arizona State University. He is a Certified General Real Estate Appraiser in Illinois, Michigan, Ohio and Wisconsin, and is also a licensed real estate broker. Mr. Griffith is a member of the Chicago Real Estate Council.

About Principle Valuation, LLC

Principle Valuation is the only national, full-service valuation firm specializing in the healthcare and seniors housing industries. Its services help clients obtain financing, comply with governmental reporting requirements, and strengthen their financial position. Its goal is to provide the most accurate, objective, and fair valuations possible, and it takes both great personal and professional pride in doing so. Its professionals are experts in the healthcare and seniors housing industries and possess in-depth knowledge of the operations of healthcare and seniors housing facilities. More information is available at www.principlevaluation.com.

About the Appraisal Institute

The Appraisal Institute is a global association of real estate appraisers, with nearly 23,000 valuation professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. More information is available at www.appraisalinstitute.org

Our clients have used Principle Valuation for valuations for purchase and sale transactions, compensation relationships, and support for tax purposes. They do straightforward and intelligent work, and are very responsive.

Scott Becker, Partner, McGuire Woods

We selected Principle because of their experience and reputation in the market. They are very knowledgeable about the industry, and particularly HUD financing. They were very thorough and hit their deadlines. Their appraisal went through HUD with no issues, which also made the borrower very happy.

Ken Buchanan, Senior Vice President and Chief Underwriter (Eastern Region), Walker Dunlop

Principle Valuation provides excellent valuations for ongoing healthcare enterprises, as well as placing values on the individual assets. They are very timely, reliable, have a solid understanding of the regulatory implications of their work, and are authoritative in the way they present their information.

Mike Anthony, Partner, McDermott, Will & Emery

Principle Valuation is far superior to any other valuation firm we have worked with. They are knowledgeable about businesses, real estate and equipment. And their reports are always right the first time.

Ken Doran, President and CEO, Spectrum Heatlh Partners

Contact

190 South La Salle Street, Suite 2900
Chicago, IL 60603
312.422.1010
info@principlevaluation.com