Norm W. LeZotte, MAI, is senior managing director and market leader of Florida. Based in the West Palm Beach office, Mr. LeZotte is responsible for business development and oversight of a team of appraisers within the Florida offices of Newmark.
Mr. LeZotte is also leader of the firm’s Valuation & Advisory Healthcare & Seniors Housing practice. In this role, Mr. LeZotte coordinates Newmark’s national team of appraisers focused on senior housing and health care assignments. He brings to his position 26 years of experience in the real estate appraisal industry, in both the private and government sectors.
Mr. LeZotte’s appraisal and consulting assignments have included vacant land, office buildings, shopping centers, industrial complexes, commercial properties, single-family residential properties, multifamily, senior housing and other investment properties throughout the United States. He has also performed valuations of proposed, partially completed, renovated and existing structures, including over 3,000 health care-related properties.
Prior to Newmark, Mr. LeZotte was president and chief executive officer of Salus Valuation Group, Inc., a national health care valuation firm based in Atlanta, for nearly eight years. He previously served for almost nine years as managing director of Cushman & Wakefield’s Senior Housing/Healthcare Industry Group.
Prior to Cushman & Wakefield, Mr. LeZotte was a manager for PricewaterhouseCoopers, LLC, where he prepared appraisals, market surveys and feasibility studies on all facets of senior housing and health care properties for corporate and institutional clients. He performed similar duties at Gulf Atlantic Valuation Services, where he worked as a regional manager 1995 to 1999. Mr. LeZotte began his career as a property tax assessor in Manatee County, Florida, a position he held from 1993 to 1995.
Mr. LeZotte has earned the MAI designation from the Appraisal Institute. He has also completed continuing education courses and seminars sponsored by the Appraisal Institute and other real estate factions on an annual basis to maintain state licensing requirements.
- AI 510 Advanced Income Capitalization
- AI 520 Highest and Best Use and Market Analysis
- AI 530 Advanced Sales Comparison and Cost Approaches
- AI 540 Report Writing and Valuation Analysis
- AI 550 Advanced Applications
- BV 201 Business Valuation (American Society of Appraisers)
- Designated Member, Appraisal Institute (MAI)
- Certified general appraiser, states of Alabama, Georgia, Texas, New York, California and Maryland
- Qualified expert witness in bankruptcy litigation, state of Texas
- Task force member, National Investment Center for Seniors Housing & Care (NIC)
Mr. LeZotte attended the University of Alabama, where he earned a Bachelor of Science degree in commerce and business administration with a concentration in real estate finance.