Norm W. LeZotte MAI, joined Newmark Valuation & Advisory in 2017 as Senior Managing Director and Leader of the firm’s Valuation & Advisory Healthcare & Seniors Housing practice. In this role, Norm coordinates Newmark’s national team of appraisers focused on senior housing and health care assignments. He brings to his position 25 years of experience in the real estate appraisal industry, in both the private and government sectors.
Norm’s appraisal and consulting assignments have included vacant land, office buildings, shopping centers, industrial complexes, commercial properties, single-family residential properties, multi-housing, 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 5,000 health care-related properties.
Prior to Newmark, Norm 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, Norm 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 alike. He performed similar duties at Gulf Atlantic Valuation Services, where he worked as a Regional Manager 1995 to 1999. Norm began his career as a property tax assessor in Manatee County, Florida, a position he held from 1993 to 1995.
Norm earned the MAI designation from the Appraisal Institute in addition to completing continuing education courses and seminars sponsored by the Appraisal Institute and other real estate factions on an annual basis to maintain state licensing requirements.
- Qualified expert witness in bankruptcy litigation, state of Texas
- Task force member, National Investment Center for Seniors Housing & Care (NIC)
Licenses and Designations
- MAI designation, Appraisal Institute
- Certified General Real Estate Appraiser, states of Florida, Alabama, Colorado, Georgia, Maryland, Massachusetts, Mississippi, South Carolina, Tennessee, Texas and New York
Norm 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.