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GERALD M. LEVY, MAI, CRE, FRICS


Mr. Levy is President of Gerald M. Levy & Co. LLC, real estate and banking consultants, offering professional services in: arbitration and mediation, expert testimony, litigation support, lease disputes, construction lending practices, real estate lending practices, commercial lending practices, real estate underwriting, real estate risk review, restructurings and workouts, real estate and mortgage fraud analysis, real estate standard of care, real estate negotiations, market and feasibility analysis, complex real estate valuation, partial and fractional interests, corporate real estate and executive education programs.

He also has served, variously, as Adjunct Professor of Real Estate and Construction Management and Clinical Associate Professor in the M.S. in Real Estate, M.S. in Real Estate Development and M.S. in Construction Management Programs at NYU Schack Institute of Real Estate where he has taught real estate finance; credit and risk management; and negotiation and dispute resolution.

At present Mr. Levy leads the Strategic Real Estate Management Group at the Real Estate Institute of New York University where he is responsible for supervision and course development for valuation and feasibility analysis, commercial lease analysis, asset management, acquisition and disposition, restructurings and workouts and enterprise management and leadership.

Mr. Levy was Managing Director, Real Estate Finance Group of The Chase Manhattan Bank (now J.P. Morgan Chase Bank). At various times he has had transactional and managerial responsibility for real estate and construction finance in every region of the United States; commercial banking; urban development; leasing; property acquisition and disposition; construction and environmental services; loan workouts and restructurings; asset management, leasing and sale of foreclosed real estate assets; and underwriting, valuation and consulting. At one time he was chief appraiser.

He was Senior Vice President and General Manager of the Real Estate and Corporate Services Division of pre-merger Chemical Bank with worldwide responsibility for these functions. Mr. Levy has supervised real estate and construction activities in 40 countries in Europe, the Middle East, Africa, Asia and North and South America and in 35 states. He formerly served as Senior Vice President of Merritt and Harris, Inc., a national real estate and construction consulting firm; and Director of Valuation and Consulting for the Alexander Summer Company. He began his career in urban redevelopment.

Mr. Levy has a Bachelor of Arts degree from Columbia University and a Master of Arts degree from Harvard University and is a graduate of the Chemical Bank Executive Management Program taught by the Faculty of the Harvard Business School and the Yale School of Management. He is a Member of the Appraisal Institute (MAI), The Counselors of Real Estate (CRE) and is a Fellow of the Royal Institution of Chartered Surveyors (FRICS). Mr. Levy is a New York State licensed real estate broker and New York State certified general real estate appraiser.

He is a member of the Roster of Neutrals of the American Arbitration Association (AAA), and has been an arbitrator for the Financial Industry Regulatory Authority (FINRA) and designated as mediator, arbitrator and “chair qualified” by The Counselors of Real Estate. Mr. Levy is a member of the Association for Conflict Resolution and an associate member of the American Bar Association and its Sections on Dispute Resolution; Litigation; Real Estate, Probate and Trust; and its Construction Forum. He was trained in arbitration by AAA and the regulatory arm of the National Association of Securities Dealers (NASD) and in mediation and negotiation by the Cornell School of Industrial and Labor Relations and Harvard Law School’s Program on Negotiation. He has served as a neutral in real estate, construction, securities and commercial disputes.

Mr. Levy has been a speaker at conferences sponsored by U.S. Department of Housing and Urban Development, U.S. Agency for International Development, Urban Land Institute, Mortgage Bankers Association of America, Counselors of Real Estate, Appraisal Institute, American Institute of Certified Public Accountants, International Association of Corporate Real Estate Executives, National Realty Club, Society of Industrial and Office Realtors, Real Estate Board of New York, Association of the Bar of the City of New York, New York State Bar Association, American Bar Association, Young Presidents' Organization, Asset Management Roundtable, American Arbitration Association, Chartered Institute of Arbitrators (England), Arbitrator’s Institute of Canada, Royal Institution of Chartered Surveyors, Anglo-American Real Property Institute and other groups.

He has also lectured at Harvard, Yale, Stanford and Columbia Business Schools; Massachusetts Institute of Technology; Wharton School of the University of Pennsylvania; Amos Tuck Graduate School of Business Administration at Dartmouth College; Colgate Darden Graduate School of Business Administration at the University of Virginia; Cornell and Fordham Law Schools; and the University of Amsterdam. Other institutions at which he has lectured are Rutgers and Northeastern Universities, Pratt Institute and Connecticut College. Under the sponsorship of the U.S. Agency for International Development and similar organizations, he has conducted lecture and seminar sessions on American real estate markets and methods of real estate analysis for delegations of public officials and practitioners from China, Japan, Russia and the Ukraine.

Mr. Levy served as Editor-in-Chief and co-author of Arbitration of Real Estate Valuation Disputes (American Arbitration Association). His recent monograph Structuring Real Estate Arbitration Clauses: A Neutral’s Perspective has been adopted for use in the Practising Law Institute’s Handbook prepared for the seminar “Negotiating Commercial Leases.” The same monograph has been utilized by the University of California/State Bar of California’s Seminar entitled “Mazirow on Valuation and Appraisal Issues in Arbitrating Real Estate Disputes.”

He has been also a contributing author of the Corporate Real Estate Handbook (McGraw-Hill); Institutional Real Estate Strategies (Urban Land Institute); Modern Real Estate Financing: A Transactional Approach (Little, Brown); Real Estate Development and Construction Financing (Practising Law Institute); Critical Issues in Arbitration (American Bar Association); and Ground Leases and Land Development (New York State Bar Association). His writings distributed by Chase or predecessor Chemical Bank include: Construction Lending, Foundations of Real Estate Analysis and Facilities Development Manual. His articles have appeared in Real Estate Review, Real Estate Issues, Arbitration Journal, Appraisal Journal, Valuation, Case and Comment and Real Property Law Newsletter. Mr. Levy is currently a member of the editorial board of Real Estate Issues and he was a columnist for the Real Estate Finance Journal ("The Advisor's Bench"), and a member of the Advisory Board of the Real Estate Review, Real Estate Finance Journal and RTC Real Estate Journal.

He was the drafter of Real Estate Industry Arbitration Rules (Including a Mediation Alternative) and predecessor Real Estate Valuation Arbitration Rules of the American Arbitration Association. These earlier Rules were cited and incorporated by reference in the U.S. Land Exchange Facilitation Act governing land transactions undertaken by the U.S. Departments of the Interior and of Agriculture. In addition, the new Rules have been published in the Martindale-Hubbell Dispute Resolution Directory. Mr. Levy has recently drafted the CRE Real Estate Dispute Resolution Program Protocol and The CRE Real Estate Dispute Resolution Program Rules. His writings have been cited in Building as an Economic Process (Prentice Hall) and Managerial Real Estate (Prentice Hall) and his teaching abilities recognized in Down to Earth (Society of Real Estate Appraisers).

Public service activities have included service as national vice chairman and a national director of The Counselors of Real Estate (CRE) and Chairman of its Dispute Resolution Program and member of Litigation Support/Expert Witness Task Force; director, The Settlement Housing Fund; member, NYU Appraisal Advisory Council. He has been a director and member of the Executive Committee of the American Arbitration Association, Chairman of its Real Estate and Investment Committees and Chairman of its National Real Estate Valuation Council. Mr. Levy has been a member of the Advisory Board of the Wharton School Real Estate Center at the University of Pennsylvania; and director, Community Preservation Corporation, Housing Partnership Development Corporation, Grand Central Partnership, Community Partnership Development Corporation, Alliance for Resident Theatres and Ledig House; member, Mayor of the City of New York's Housing Task Force; and member, Advisory Board; State of New York Mortgage Agency. Mr. Levy served as a participant, National Security Seminar at the U.S. Army War College; and as Chairman, Parents Council of Haverford College. New York University awarded him its Teaching Excellence Award for creating an exceptional learning environment and it's Distinguished Service Award for major contributions to new course development and restructuring the curriculum; NACORE (now CoreNet Global) honored him for his corporate real estate writings.