Stephen Cosby, MAI, AI-GRS, Executive Managing Director, leads Newmark Valuation & Advisory’s National Portfolio Services and Quality Assurance. Based in Fayetteville, Arkansas, Cosby also services its valuation clients for the acquisition, disposition, and financing of investment grade real estate for financial institutions, private investors, institutional investors, trusts, fiduciaries, development companies and government agencies, among others.
As National Portfolio Services leader, Cosby is responsible for overseeing portfolio valuation assignments throughout the United States. He works closely with market and team leaders to coordinate fulfillment and execution with an eye to consistency and ensuring client needs are met. He is involved in management of all phases of portfolio assignments from initial assignment establishment and property due diligence to creating the report template, ensuring all assignment results are completed and communicated in the manner required by the client, and managing the review process. Cosby also develops systems and materials that accelerate execution and provides clients with the products they need to complete their tasks in an efficient and accurate manner.
As Quality Assurance leader, Cosby maintains Newmark V&A’s national level data sources and provides guidance and training for its appraisal staff. He is responsible for developing and promulgating Newmark V&A’s best practices to ensure the excellence in its appraisal services, appraisal report templates, and systems.
Cosby has valued and consulted on real estate matters for over 40 years. From 2006 to 2017, he was an executive vice president and managing director for CBRE Valuation & Advisory Services, responsible for overseeing a portion of that company’s South-Central Region along with developing portions of the appraisal services platform.
Professional Affiliations
- Designated Member, Appraisal Institute (MAI and AI-GRS)
- Approved Instructor, Appraisal Institute
Licenses and Designations
- MAI designation, Appraisal Institute
- AI-GRS designation, Appraisal Institute
- Certified general real estate appraiser, states of Arkansas, Kansas, Louisiana, Missouri, Mississippi, Oklahoma, Texas, and Tennessee
Education
Cosby earned a Bachelor of Science in Business Administration degree in Finance from the University of Arkansas. He has also successfully completed and taught numerous real estate courses and seminars sponsored by the Appraisal Institute and other providers.