Thomas A. Passarella is a director in the Los Angeles office of Duff & Phelps Corporate Value Consulting and is part of in the Real Estate Services Group

Tom’s appraisals and consultations have been on a variety of properties, including a variety of industrial facilities including single and multi-tenant distribution, research & development facilities, cold-storage warehouses, and intermodal facilities. He has also worked on regional malls, neighborhood and community shopping centers, restaurants, office buildings, apartment complexes, hotels, transportation rights-of-way, and residential subdivisions. These studies have been in conjunction with real estate portfolio valuations for a variety of purposes included relative fairness opinions, merger and acquisition due diligence support, internal planning, highest and best use analysis, financing, litigation support, sale-leasebacks, and insurable value studies.

Tom’s Engagement Highlights Include:

  • Ongoing engagement for several years with a Chicago based industrial REIT in regard to quarterly purchase accounting based valuations

  • Performed multiple fairness opinion engagements for a variety of property types including various industrial portfolios

  • Completed multiple appraisals for both financial reporting and financing for a Chicago based REIT in conjunction with the development of several million square feet of intermodal warehousing and light industrial space.

  • Assisted a West Coast based private investment fund with assets in excess of S5.0 billion that converted to REIT status

  • A Southern based outlet shopping center REIT’s acquisition of their partners’ joint-venture interest involving a portfolio of 10 outlet shopping centers located throughout the U.S. valued in excess of $610 million.

  • ASC 805 pertaining to a West Coast based REIT’s $1.5 billion acquisition of a portfolio consisting of 10 multi-tenant office properties. 

Tom has worked on a national and international level, with services provided from coast to coast in the United States, while also performing real estate valuations and consultations within Mexico, Canada and Europe. 

Prior to joining Duff & Phelps, Tom was a consultant in the Valuation Services Group of Arthur Andersen, LLP in Chicago, Illinois.

Tom has a B.S. in management from John Carroll University, University Heights, Ohio. Tom is an Associate Member of the Appraisal Institute and also a certified general real estate appraiser in California, Illinois, and North Dakota. 

 

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