Frederick J. Richard, MAI, AI-GRS

Frq PropertiesPrincipal
Phone: (860) 263-7922 x202
Fax: (860) 271-8218
Email: frichard@frqadvisors.com
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Frederick J. Richard has been active in the real estate industry since 1992. Prior to co founding FRQ Property Advisors, LLC, Mr. Richard was an associate in the valuation department of Cornerstone Real Estate Advisers LLC, a real estate investment adviser with $22 billion in assets under management. During his tenure at Cornerstone, he provided internal valuation support on new whole, mezzanine and construction loan originations totaling $2.6 billion including 18.4 million square feet of retail, office and industrial space and 5,400 apartment units.

Additionally, he assisted in the review of internal valuations for an existing loan portfolio totaling $12.2 billion with assets located throughout the United States and Canada.

Before joining Cornerstone Real Estate Advisers LLC, Mr. Richard was a Vice President in the Hartford office of CBRE. During his time at CBRE, he completed over 430 valuation and consulting assignments totaling 45.0 million square feet with an aggregate value of $4.0 billion. He has appraised in excess of 27.0 million square feet of office space and 11.0 million square feet of retail space.

Over his career, Mr. Richard formed a specialty in the valuation and analysis of institutional investment real estate, particularly multitenant office and retail property, as well as other mixed-use properties. Given his tenure at CBRE, as well as Cornerstone Real Estate Advisers, he has valuation experience at both the local and national level and has benefited from exposure to a variety of real estate markets.

education

B.S. Degree in Business Administration, magna cum laude
University of Connecticut, Storrs, CT
Major Finance, with a concentration in Real Estate

memberships & affiliations

Member of the Appraisal Institute, MAI Designation No. 11918
General Certified Real Estate Appraiser, State of Connecticut, License No. 762
Real Estate Finance Association, Professional Member

community involvement

2008 President, Connecticut Chapter of the Appraisal Institute
2011 Member Nominating Committee, Region IV of the Appraisal Institute