Craig L Smith MAI

Craig L Smith MAI

Smith-Parke
2045 Misty Sunrise Trail
Sarasota , FL 34240
Mobile: 941-376-1899
Office: 941-376-1899
Introduction

Craig Smith MAI is a Senior Housing and Healthcare valuation expert-who has completed engagements on thousands of facilities across the full spectrum of Healthcare and Senior Housing businesses and property types. As former US National Practice Leader-Healthcare and Senior Housing for Integra Realty Resources (IRR), Grubb & Ellis and Colliers International, Mr. Smith has worked across the US analyzing and valuing a broad range of facilities. He has been qualified in several state and federal courts and served as an expert for many of the largest law firms in the country. For advisory, litigation support, tax appeal, or expert witness services in theses specialties, call for a conflict check and consultation regarding the case.

Healthcare valuation requires knowledge of regulatory, compliance and reimbursement issues in addition to valuation methodology and application. Having provided valuation services on projects ranging from health care systems to proton (radiation) therapy centers, he has the broad experience needed to address the needs of your healthcare Client. In addition, he routinely provides Stark compliance studies providing Fair Market Value (FMV) analysis on sale and lease transactions.

Senior Housing valuation requires knowledge of CON restrictions as well as Medicaid reimbursement at the state level. The variety of programs and services, along with payment structures must be understood and analyzed. Because senior housing is a real estate heavy business, the separation of intangible, personal and real property assets is often required. Mr. Smith has valued the full spectrum of senior housing businesses and property types, from small care homes to the nation’s largest CCRC’s.

Forensic valuation, expert witness and compliance services involving Senior Housing and Health Care valuation requires knowledge and experience to scope, analyze, and present conclusions in an understandable and compelling way. Having been engaged on over 100 cases, the majority of which settled, Mr. Smith has a high likelihood of having dealt with similar issues. Having responded to interrogatories, been deposed, testified, and advised in settlement negotiation, his knowledge of rules of evidence (Daubert & FR702), progression of reporting, calendar management, trial preparation, direct and cross examination support your efforts in managing the case.


Areas of Expertise
  • Bankruptcy
  • Business Valuation
  • Commercial Real Estate
  • Group Home
  • Intangible Assets Appraisal
  • Long Term Care
  • Medical Valuation
  • Nursing Homes
  • Real Estate Valuation
  • Urgent Care

Expert Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: BSBA Business-University of Central Florida, Masters in Real Estate - University of Florida. Certified General Appraiser Licenses in Florida, Georgia, North Carolina, Texas, Virginia. (Can obtain Temporary Practice permits in all states) Brokers License in Florida.
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Member Appraisal Institute (the Appraisal Institute is the nation's largest professional association of real estate appraisers). Founder of NASLI (now NIC.org) and Retirement Housing Council. Served on advisory board of the Collee of Public Health and Health Professions-University of Florida and the UF Smart House project sponsored by the College of Occupational Therapy and College of Engineering-University of Florida.
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Introduction to Real Estate Appraisal: State College of Florida, Appraising Retirement Housing: National Real Estate Development Center, Convention. Financing Retirement Communities: Retirement Housing Council. Health of the Retirement Housing Industry: Retirement Housing Council, Conference. Restructuring Troubled Retirement Communities: Retirement Housing Council. Management/Budgeting in Long Term Care: Retirement Housing Council Valuations of Health Care Business: Florida Institute of Certified Public Accountants. Healthcare Business Valuation: Florida Institute of Certified Public Accountants. Feasibility/Market Selection for ALF/Long Term Care Development: Retirement Housing Council. Valuation and Assessment of Health Care Facilities - IAAO. Market Feasibility of CCRC and Rental Retirement – Florida Hospital Association. Presenter - In-Home Telemonitoring: A Case Study in Successful Implementation: ICADI (International Conference on Aging, Disability and Independence)

Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: 100+
Q: For what area(s) of expertise have you been retained as an expert?
A: Senior Housing assessment appeal, Nursing Home CON disputes, Eminent Domain partial taking CCRC, CCRC assessment litigation on separation of intangibles, Partnership disputes, Bankruptcy and Foreclosure. Hospital assessment appeal, tax exemption, M & A disputes, Hospital/Physician partition.
Q: In what percentage of your cases were you retained by the plaintiff?
A: Do not track-estimate 40%.
Q: In what percentage of your cases were you retained by the defendant?
A: Do not track-estimate 60%.
Q: On how many occasions have you had your deposition taken?
A: 30+
Q: When was the last time you had your deposition taken?
A: 2018
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: 10-15
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: 10
Q: For how many years have you worked with the legal industry as an expert?
A: 40+ but it was a small percentage of engagements while with national firms.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Consulting on theory of the case, damages to be sought, identification of type and measurement of damages, research and analysis of damages, valuation and measurement of damages, preparation of valuation (oral report) followed by written report (when requested). Review and response to interrogatories, preparation and deposition, trial testimony and preparation of rebuttal.
Q: What is your hourly rate to consult with an attorney?
A: $350/hr charges only follow conflict check and formal engagement. No charge for initial consultation.
Q: What is your hourly rate to review documents?
A: $350/hr
Q: What is your hourly rate to provide deposition testimony?
A: $350/hr for preparation and deposition, plus expenses if travel required.
Q: What is your hourly rate to provide testimony at trial?
A: $350/hr for preparation and deposition, plus expenses if travel required.
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Travel expenses, only f out of area travel required for inspection of property, comparables and/or meeting with Attorney/Clients. Costs of excessive copying or document retrieval costs if required.

References

Available Upon Request