Phil Cadorette

Profile

Philip P. Cadorette is a Senior Director of Cushman & Wakefield's New York Valuation & Advisory.

His responsibilities include the analysis and appraisal of commercial real estate on a national basis. Between 1990 and 1999, Mr. Cadorette was employed by The Chase Manhattan Bank as a Vice President in their Real Estate Finance Group and the Chase Commercial Mortgage Bank. From 1997 through 1999 Mr. Cadorette was a Senior Underwriter in Chase's Commercial Mortgage Bank. As senior underwriter Mr. Cadorette underwrote large loans for the mortgage conduit program and worked closely with the rating agencies during the securitization process.

Between 1990 and 1997 Mr. Cadorette was actively involved in underwriting and advisory assignments for commercial real estate projects and portfolios in connection with REIT and acquisition financing, securitization, syndications, and equity and debt placement throughout the United States. He also provided a variety of advisory services and presentations to Chase's corporate and real estate clients. Mr. Cadorette was part of a team that evaluated Chase's real estate exposure in connection with the potential acquisition of financial institutions.

Prior to his employment with Chase Manhattan, Mr. Cadorette was employed from 1988 to 1990 as a Senior Commercial Appraiser with Smith Hays and Associates, Smithtown, New York. From 1986 to 1988 Mr. Cadorette was a staff appraiser with Kenneth E. Richards & Associates Inc., West Islip, New York.

Appraisal Experience

Appraisal, feasibility and consulting assignments have included proposed and existing regional malls, shopping centers, multi-tenanted office buildings, industrial buildings, research and development facilities, cooperatives, condominiums and rental apartment properties, vacant land, residential subdivisions, hotels, motels and proposed development. Mr. Cadorette has also consulted institutional clients on the sale, acquisition or performance of nationwide portfolios of investment property as well as provided advisory work with regard to insurable values of single assets and portfolios.

Awards & Associations

Education

Pfeiffer University, North Carolina

Bachelor of Science, Marketing / Economics - May, 1986

Appraisal Education

Mr. Cadorette has successfully completed all courses and requirements to qualify for the MAI designation and has currently completed the requirements under the continuing education program of the Appraisal Institute.

Appraisal Institute Courses

Real Estate Appraisal Principles

Single Family Residences

Basic Valuations

Case Studies in Real Estate Valuation

Capitalization Theory & Techniques, A & B

The Complete Appraisal Review

Valuation Analysis and Report Writing

Standards of Professional Practice, A & B

Memberships, Licenses and Professional Affiliations

• Designated Member, Appraisal Institute (MAI designation achieved 1994)

• State of New York Certified General Real Estate Appraiser, License No. 46000003076