Jeff Groff currently serves as a Senior Vice President in Newmark Valuation & Advisory’s Irvine, California, office and is a member of the firms Southern California Multifamily Team.
Groff has extensive experience in completing multifamily assignments that include, but are not limited to, market rate apartments, low-income housing (HAP, LIHTC, Tax Abatements, etc.), senior/age-restricted housing, student housing, mixed-use assets, multifamily land, and manufactured housing. Other experience includes ground leased assets, micro units/SRO, office, office to multifamily conversions, industrial, retail and medical office. The team completes hundreds of assignments annually that not only include existing assets, but also include projects that are under construction, proposed for future construction as well as proposed for substantial renovations. Property sizes range from duplexes to over 1,000 units within garden-style, low/mid/high-rise (podium and wrap) construction. In addition to standard formats, Groff and his team complete assignments that include specific formats such as agency (Freddie Mac/Fannie Mae), small balance loans (SBL), capitalization rate studies, HUD 223(f), HUD, 221(d)4, etc.
Groff specializes in Southern California markets that include the following Counties: Los Angeles, Orange, San Diego, Riverside, San Bernardino, Kern, Santa Barbara, Imperial and Ventura. The team has also completed various multifamily assignments for many of the larger assets on the Island of Oahu and Maui, Hawaii. Groff also spent a couple of years in Colorado appraising multifamily assets.
Prior to joining Newmark, Groff spent 16 years at CBRE, most recently as a Vice President and General Certified Appraiser as part of one of the highest grossing teams within the region at CBRE, Inc.
Professional Affiliations & Licenses
- Certified General Appraiser, state of California
Education
Groff earned his Bachelor of the Arts Degree in Business Administration from Point Loma Nazarene University (PLNU) in San Diego. He has completed hundreds of hours of additional education through appraisal licensing courses and continuing education courses.