R.D. Geronimo LTD. was recently acquired by Property Analytix, LLC D/B/A Archstone Group. Archstone’s national appraisal firm and technology driven platforms will continue to provide the same excellent and prompt appraisal services within the NY Metro Area with expanded market coverage in certain regions of the country under the leadership of Ericka Simmons, MAI, CEO of the Archstone Group.

 

Mr. DiGeronimo founder of R.D. Geronimo LTD. will continue as CEO of our New York office, doing business as R.D. Geronimo and Associates, a division of the Archstone Group under the operating entity of Archstone Group NYC LLC.

 

National clients include a broad spectrum of financial institutions, law and accounting firms, pension funds and insurance companies, real estate developers, owners and investors, nonprofit and governmental agencies, and Fortune 500 companies.

 

Richard J. DiGeronimo began his appraisal career in the year 1971 for a national New York based appraisal firm.  Upon his departure in 1985, he was instrumental in the establishment of various office locations (Long Island, Manhattan, Chicago, and Florida), staff training, and new business resources which exceeded $3.5 million in yearly gross earnings. 

 

During 1983-1985, Richard DiGeronimo co-founded and served as a principal of a National Real Estate Financial Brokerage Company known as Real Estate Investment Services (REIS) with offices in Chicago and New York.  This company was actively involved with placing over $200 million of mortgage financing during its short period of operation.  Following this endeavor, Mr. DiGeronimo formed R.D. Investment Services, Inc. for the purpose of providing selective mortgage placements and property brokerage on a national level.  The primary focus of R.D. Investment Services, Inc. was to provide a full range of real estate related services for its existing client base as established by R.D. Geronimo Ltd.

 

Richard DiGeronimo is certified as a Real Estate General Appraiser for the States of New York(License No. 46000008238), New Jersey(License No. 42RG00156200), Connecticut(License No. RCG.0000166), Texas(License No. TX 1381219G), and Pennsylvania(License No. GA004688).

 

Mr. Di Geronimo’s appraisal background covers a broad spectrum of Real Property interests and asset valuations, with the largest single property valuation more than $400,000,000 and portfolio valuations more than $1 billion.  Mr. Di Geronimo’s areas of concentration are in the fields of investment analyses, estate tax and gift valuations, depreciation allocations, portfolio valuations, expert testimony, property damage assessments, tax certiorari and eminent domain proceedings, and investment and cash flow analyses. Valuation concentrations include multi-family and mixed-use properties, industrial, flex and warehouse buildings, hotel and resort properties, mobile/manufactured home parks, office and retail assets, adult and elderly housing, condominium and cooperative valuations, vacant land analyses, special purpose properties, in addition to his regional real estate consulting and appraisal practice.

 

Mr. DiGeronimo holds the following designations from these real estate appraisal organizations:  The Appraisal Institute (MAI), The Society of Real Estate of Appraisers (SRPA), and the AI-GRS Membership Designation.  Affiliated memberships include: The American Right of Way Association, Urban Land Institute, Mortgage Bankers Association of New York, Real Estate Board of New York, Long Island Board of Realtors, FIABCI – International Real Estate Federation, and National Multi Housing Council. Mr. DiGeronimo was previously appointed to the Panel of Arbitrators by the American Arbitration Association.

 

His real estate articles have appeared in Mortgage Banking, The Tax Shelter Digest, Appraisal Journal, Newsday, New York Times, Real Estate Review Journal, and Real Estate Forum.  The more notable articles include: "Real Estate Syndication’s: Sheltering Your Income", published in Mortgage Banking, September 1982 issue; "Appraisal Techniques ‑ Government Assisted Housing" prepared for the Coalition for Low and Moderate Income Housing, April 21, 1983; "Market Value ‑ An Analytical Approach", published in the Appraisal Review Journal, Volume 7, Number 2, Fall 1984; "Appraisers Must Meet Standards", Newsday, Tuesday, October 21, 1986; "Elderly Population Boom Inviting Realty Ventures", Real Estate Forum, February 1988 issue; "'Mobile'/Manufactured Home Park Valuations", Northeast Manufactured Housing Association, Expo 1989; "Houston Offers Solid Values Based on Long‑Term Picture", Real Estate Forum, February 1989 issue; "A Solution to Affordable Housing:  Manufactured Homes", The Real Estate Appraiser & Analyst, Winter 1989 issue; and "Case Study/Appraisal Solution:  Mobile/Manufactured Home Park Valuations", NAIFA The Appraisal Review, Volume 42, 1990. Other real estate related articles published in the New York Real Estate Journal include “Long Island Economic and Investment Outlook – Trends and New Developments to Watch” published in September 2004; “Ahead of the Curve – Differentiation is a Key to our Success” published in December 2004; “Where are we heading? A negative yield curve = recession, will history repeat itself?” published in August 2006; "Real estate valuation in uncertain times: Is the worst really over yet?" published in October 2009; "How to expand your business base during the global recession and prevailing financial crisis" published in March 2009; "Where are we heading? Or will we need to wait until 2011/12 to find out?" published in March 2010; “History in the making or simply repeating itself? A look at our Country's financial past" published in December 2010; Published in February 2012; “Appraising the appraisal and looking forward into 2012 – Market volatile or stable? Published in February 2019 “A glass half empty or half full?; and “A year to remember like no other” Published in January 2021.

 

Mr. DiGeronimo has instructed and lectured for such real estate institutions as the National Association of Independent Fee Appraisers, The Society of Real Estate Appraisers, LIBOR‑Appraisal Division, Suffolk County Board of Realtors, Century 21, National Coalition of Low and Moderate Income Housing, New England Manufactured Housing Association, the Appraisal Institute, and the New York State Society of CPA's.  He has also taught as an appraisal instructor for the Department of State, State of New York Continuing Education Program, The Society of Real Estate Appraisers, and The National Association of Independent Fee Appraisers, in addition to sponsoring various education seminars on behalf of these organizations.  He is also a guest lecturer and instructor at New York University and Stony Brook University College of Business.

 

Mr. DiGeronimo has qualified as an expert witness in the Federal and Supreme Courts of New York and New Jersey, as well as the U.S. Tax Courts of Washington, D.C.  He has also testified in the U.S. Bankruptcy Courts of Wilmington, Delaware; Eastern and Southern Districts, Brooklyn, New York; Nassau and Suffolk Counties, New York; Central District of California; District of Massachusetts, Springfield Division; District of Connecticut, Bridgeport Division; and the District of Maryland, Rockville Division.  Mr. DiGeronimo has extensive experience in tax certiorari and condemnation valuations and their respective proceedings.

 

Special type properties or unique assignments include:  air and development rights evaluations, distilleries and processing plants, beach and waterfront properties, piers, docks, and wetlands evaluations, marinas, golf courses, gasoline service stations assisted living facilities, amusement and recreational properties, mobile/manufactured home parks, cooperative and condominium valuations, Tel Star tracking stations and cell site valuations, regional and community shopping malls, gasoline service stations, schools and institutional property appraisals, and varied court testimony.

 

Wireless Integrated Network Solutions, LLC (WINS) was created to capitalize on the broad background of its founder, Richard J. DiGeronimo, and his vast experience in the wireless telecom and real estate related industries.  Its mission is to provide in-depth marketing, management, and consulting to property owners and/or public entities that require expert and unbiased input on the value of their strategic right(s)-of-way.

 

Richard’s telecom and business expertise resulted in the formation of New York Telecom Partners (NYTP) in 1997 and the creation of the “Neutral Host” concept.  Through his prodigious efforts, Richard and his team were successful in executing one of the first major public/private wireless telecom development partnerships with the Port Authority of NY & NJ.  This 25-year exclusive agreement allows NYTP to install, operate and maintain a broadband and technology neutral access system within Port Authority venues that include the Lincoln and Holland tunnels, John F. Kennedy International, LaGuardia (LGA) and Newark Liberty International Airports, and the Path-Hudson line.  The development of these venues has resulted in a multi-million-dollar revenue stream to the Port Authority of New York and New Jersey.  Richard was also instrumental in the successful deployment of Intel’s Centrino launch at LGA and the subsequent teaming with Wayport in terms of their first New York WiFi deployment. Other notable WLAN projects included the first open “WiFi” network covering the Minneapolis-St. Paul (MAC) Airport under a teaming agreement facilitated by Richard with iPass in 2002, and the recent deployment at Newark’s Liberty International Airport under an interim agreement with AT&T National Public Markets. Another accomplishment was the first air blown fiber project, designed and implemented at Detroit’s new Midfield Terminal by Concourse Communications Group, facilitating a complete point-to-point fiber backbone throughout the McNamara Terminal.

 

Richard’s telecom related experience commenced with his position as a co-founder of NTA, LLC (f/k/a National Telecommunication Advisors, LLC) and Wireless Acquisitions, Inc. (WAI) in 1995 and 1996 respectively.  Both telecommunications related organizations provided site acquisition, leasing, installation/construction, zoning, marketing, pricing, and management services to the wireless telecommunications industry.  Richard’s 31 years of extensive managerial and real estate consulting experience was one of the key components of NTA’s success.

 

Other telecom related ventures included the formation of Concourse Communications Group, LLC (1999), in which Richard served as one of the original co-founders and CEO through June of 2003.  Richard was also one of the key co-founders and President of New York Telecom Partners (NYTP), which was formed in 1997.

 

Richard J. DiGeronimo is a graduate of the State University of New York at Stony Brook (BA). He is also a licensed New York State Real Estate Broker.  Richard serves on the Executive Board of Directors of the Real Estate Institute at Stony Brook University College of Business (REI- www.reisb.org) and previous Vice Chairperson (2016-2020).  He is also a member of the Long Island Real Estate Group (LIREG- www.lireg.org).

 

Mr. DiGeronimo is a Founding Member of the Designated Appraiser Coalition (DAC) and a contributing member to FICRAS (Appraisal and Evaluation Platform) – www.ficras.com and www.valuelynk.com