Joe Rexroat, MAI, ASA, currently serves as a Senior Vice President within Newmark Valuation & Advisory’s Convenience Stores & Automotive Energy and Restaurants (CAR) specialty Practice. A 30-year commercial real estate veteran, Rexroat has substantial expertise appraising commercial properties nationwide, with a focus on southeastern U.S. c-store/retail petroleum outlet valuation.
Rexroat came to Newmark after serving as Principal for 10 years at Retail Petroleum Group, LLC, where he was responsible for leading a team of dedicated c-store appraisers. Prior to his time at RPG, Rexroat spent 13 years as a contract appraiser at PetroVal, Inc, as well as six years as a Staff and Senior Consultant in Deloitte & Touche, LLP’s Realty Consulting Group in Atlanta.
Professional Achievements
- Performed valuations (business and real estate) of over 2,500 retail petroleum / convenience store units over the past 24+ years for various lenders, owners, and oil companies.
- Participated in numerous purchase price allocations, cost segregation studies, and other valuation audit support functions serving institutional clients for financial reporting / tax purposes.
- Completed appraisal and consulting assignments involving many other commercial property types, including office, industrial, retail, multifamily, golf / hospitality, vacant land, etc.
Licenses and Designations
- MAI designation, Appraisal Institute (Atlanta Area Chapter)
- Accredited Senior Appraiser, American Society of Appraisers
- Certified General Real Estate Appraiser for the states of Georgia, North Carolina, South Carolina, and Tennessee
Education
Rexroat earned his Bachelor of Science, Cooperative Plan at the Georgia Institute of Technology in 1991.