John Corbett, MAI, FRICS, joined Newmark Valuation & Advisory in 2018 as a senior managing director and the specialty practice leader of the Financial Reporting group. John is responsible for oversight of the group, which focuses on meeting the consulting and valuation requirements of our clients as prescribed by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB). By employing the Newmark V&A platform in close alignment with Newmark Capital Markets, John is able to bring the necessary knowledge and resources to effectively navigate complex financial, accounting, tax, regulatory and legal issues in a timely manner.
Throughout a career spanning more than 25 years, John has successfully completed valuation and consulting assignments for a wide range of properties. These studies have been used in real estate portfolio and joint venture valuations, merger and acquisition due diligence support, estate tax planning, highest and best use analysis, financing, litigation support, sale-leasebacks and insurable value studies.
John has also assisted public and private clients in the application of Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 805 Business Combinations and FASB ASC 852 Reorganization. In this capacity, he has assisted clients in identifying and measuring both tangible and intangible components of real property at fair value, under the rules prescribed in FASB ASC Topic 820 Fair Value Measurements.
Additionally, John has advised corporate clients on the fair value of acquired real estate in conjunction with impairment testing, and requirements arising from acquisition or bankruptcy. He has also valued fractional interests and has worked with some of the largest U.S. pension funds in determining partial interest or net asset values in a variety of investment funds. Lastly, John has performed buy-side advisory and related due diligence work for several publicly and privately held companies.
Although John has concentrated most of his practice on the U.S., he has provided services, including real estate valuations and consultations, to clients in Germany, Italy, Switzerland, Japan, Puerto Rico and Australia.
Prior to Newmark, John worked for more than nine years at Cushman & Wakefield, where he served as senior managing director and national practice co-leader of the Financial Reporting Practice Group. Previously, John was a director in the real estate advisory group. He also held corporate valuation and consulting positions in the Philadelphia offices of Standard & Poor’s and PricewaterhouseCoopers.
- Member, Appraisal Issues Task Force (AITF), The Appraisal Foundation
Licenses and Designations
- MAI designation, Appraisal Institute
- Certified general real estate appraiser, Commonwealth of Pennsylvania, Commonwealth of Virginia, District of Columbia, states of Connecticut, Delaware, Georgia, Kansas, Maryland, New Jersey, New York, South Carolina, West Virginia, Iowa
- Fellowship, Royal Institution of Chartered Surveyors (FRICS)
John earned a Bachelor of Science degree in business administration from Elizabethtown College. More recently, he has completed the requirements of the Appraisal Institute’s continuing education program.