New York, NY, January 15, 2014 --(PR.com
)-- Pluris Valuation Advisors, LLC today announced that Steven D. Henry, MAI of Placentia, Calif., a nationally recognized expert in valuing complex real estate, has joined the firm as Vice President in Pluris’ Newport Beach, Calif., office.
Henry has valued commercial portfolios with estimated values up to $15 billion that include some of the best-known properties in Southern California. He has experience valuing complex real estate, ranging from one of the largest malls on the West Coast to 2,600 miles of railroad right-of-way. Henry also adds to the firm’s expertise in portfolio valuation, and estate and gift tax valuation, having completed valuations of assets for homebuilding companies, a portfolio of master-planned subdivisions containing more than 30,000 units and an apartment portfolio containing more than 20,000 units.
As Vice President, Henry will help develop the Newport Beach office. He brings experience building teams, managing large engagements and working with financial modeling. According to Pluris President Espen Robak, “With our newly-formed Real Estate Appraisal Group, we are now well positioned to expand our service offerings to our existing estate and gift tax, and portfolio valuation clients.”
“Pluris has built a team of respected professionals who are among the best in their field,” added Kyle Vataha, Vice President and head of the Newport Beach office. “With his two decades of experience preparing real estate appraisals, feasibility studies, rent analyses and market studies, Steve brings added depth to our team. Since he’s licensed in most major markets, Steve will help us expand not only in California, but nationally.”
Henry previously served as Managing Director of the Los Angeles office of Lee & Associates in Irvine, where he was responsible for preparing real estate appraisals, feasibility studies, rent analyses and market studies of commercial property in the Los Angeles area.
Before joining Lee & Associates, Henry was a Senior Vice President with FMV Opinions, Inc. in Irvine, where he was responsible for business development and work flow operations, and oversaw valuation of and consulting for complex, high-value properties. He also served as a Senior Associate at Ashwill Associates Commercial Real Estate in City of Industry, Calif.
He earned his bachelor’s degree from California State Polytechnic University in Pomona. He is a member of the Appraisal Institute (MAI) and is a Certified General Appraiser in 11 states, including California and New York. He serves on the Board of Directors of Lambda Alpha International, the honorary society for the advancement of land economics.
“I was attracted to Pluris by the firm’s growing reputation, and especially by its experience valuing complex assets,” Henry said. “Pluris’ highly experienced senior managers and its access to high-quality empirical data position the firm well for continuing growth. I’m pleased to be part of the Pluris team.”
Pluris Valuation Advisors LLC (www.pluris.com) is a full-service national valuation firm, specializing in business valuations and valuations of hard-to-value, illiquid and distressed securities. Pluris is known for its empirical research and proprietary databases on valuation discounts. Pluris clients include global banks and institutions, investment funds, public and private companies, and high-net-worth individuals that require valuations for estate tax, gift tax or income tax purposes.