Patrick Craig, MAI, MRICS

Practice Leader

Real Estate Valuation

Principal & Executive Managing Director

New York


[email protected]


Patrick Craig is a Principal, Executive Managing Director, and National Practice Leader for the Real Estate Valuation Practice at Marshall & Stevens Incorporated.

Mr. Craig has over 30 years of experience in the real estate business involving valuation of single assets or portfolios, serving clients in the financial services, banking, REIT, insurance, legal, accounting, audit, corporate, development, pension and asset management sectors. His experience includes valuation and consulting for proposed and existing real estate projects and real estate portfolios including office, industrial, apartment, retail, hotel, mixed-use, self-storage, and community facility uses. He has also worked on matters of dispute including serving as a valuation expert in litigation.

Mr. Craig entered the real estate business in 1986. Prior to joining Marshall & Stevens, he led the Northeast valuation practice for Colliers International, while running the firm’s Portfolio Valuation Group and Business Innovation Committee and serving on the firm’s Global Leadership Team. Prior to Colliers International, he spent almost two decades with Cushman & Wakefield serving in numerous leadership roles including co-leader of its Portfolio Valuation Group, as Chairman of the firm’s Business Innovation Committee, and as a member of the Global Business Initiatives Council. Prior to Cushman & Wakefield, he held real estate appraisal positions at Dorman & Wilson and European American Bank.

He has served on the Board of Directors for the NY Chapter of the Appraisal Institute. He is an affiliate member of ADISA, a member of the Real Estate Board of New York, NCREIF, and the International Council of Shopping Centers. He is licensed as a Certified General Real Estate Appraiser in: New York, New Jersey, Connecticut, Pennsylvania, Georgia, Florida, Michigan, Virginia, Iowa and Illinois.

Professional Highlights

  • Member, Appraisal Institute 
    • Board of Directors, New York Chapter, former  
  • Affiliate Member, Alternative & Direct Investment Securities Association (ADISA) 
  • Member, Real Estate Board of New York 
  • Member, National Council of Real Estate Investment Fiduciaries (NCREIF)
  • Member, International Council of Shopping Centers
  • Marshall & Stevens, Inc.
    Executive Managing Director, 2013-present
  • ARGUS Software
    Senior Vice President, Client Management, 2012-2013
  • Colliers International
    Regional Managing Director - Northeastern US, 2010-2012
  • Cushman & Wakefield
    Senior Managing Director, 1991-2010
  • EAB Bank
    Vice President, 1990-1991
  • Dorman & Wilson
    Associate, 1986-1990
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