Affiliations, Memberships & Licenses
MEMBER Appraisal Institute (No. 111727)
DESIGNATION MAI
LICENSE California General Certified Real Estate Appraiser (No. AG007101)
LICENSE California Department of Real Estate Licensed Broker
(No. 00976923)
Rob S. Weck, MAI
Senior Vice President | Valuation Advisory ServicesContact
T 916.751.3653 C 916.267.5665 rob.weck@kidder.com 701 University Ave, Suite 220Sacramento, CA 95825
About
Rob S. Weck is a senior vice president in the Valuation Advisory Services group at Kidder Mathews. Mr. Weck has over 35 years of real estate and consulting experience focused namely on the Greater Sacramento Metropolitan area and the San Joaquin Valley. He provides his clients with a variety of assessment and consulting services, including real estate appraisal, expert witness testimony and litigation support; owner representation in property tax appeal cases. His breadth of experience extends across a variety of property types, including all types of seniors housing, tax-credit market studies and appraisals, industrial, office, retail, land and places of worship.
Rob received the MAI designation in 1993, has been licensed by the State of California as a general certified real estate appraiser since 1989, and is a licensed California real estate broker. If Rob has one specialty and passion it would be seniors housing with an emphasis on independent and assisted living facilities.
Education
BS Marketing, California State University Fresno
Sample Specialized Appraisal and Brokerage Services
ENGAGED by K. Hovnanian Homes for a tax appeal on a 530-acre master-plan located in the City of Rancho Cordova. In one year, the Sacramento County assessor had increased the property assessment from $7.9 million to $40 million. The analysis included an extensive discounted cash flow analysis demonstrating a present value considerably lower than the recent recomputed assessment.
Valued a 13-property portfolio of assisted living facilities for Real Estate Research Corporation. The properties were held in a partnership between the California State Teachers’ Retirement System (CalSTRs) and Vintage Senior Living. The portfolio included 10 luxury facilities in California and 3 in the state of Washington.
Instrumental in bringing Carefree Senior Living to the greater Sacramento area. Completed two transactions as a real estate broker with Ken Templeton, president and CEO of Carefree Senior Living out of Las Vegas, Nevada. Carefree purchased two sites locally, including a 30-acre parcel in North Natomas, where they constructed 500 units of age-restricted market rate units.
APPRAISED a proposed 35-unit cohousing development in the city of West Sacramento. The development was unique in the fact that 32 of the 35 units were purchased with a 20% non-refundable down payment prior to construction breaking ground. Cohousing is a community intentionally designed with ample common spaces surrounded by private homes or condominiums that provide collaborative spaces for its residents, including a common house with large kitchen and dining area, recreational areas, vegetable and flower gardens with like-minded individuals.
Representative Clients
- Financial Institutions
- California Statewide Development Company
- Cathay Bank
- Central Valley Community Bank
- First Citizens Bank
- First Northern Bank
- Five Star Bank
- Mission Bank
- Oak Valley Community Bank
- Situs AMC
- Stanford Credit Union
- TMC Financing
- TRI Counties Bank
- Umpqua Bank
- Union Bank
- US Bank
- Westamerica Bank
- Zions Bank
- Public Entities
- California Debt Limit Advisory Committee (CDLAC)
- California Tax Credit Allocation Committee (CTCAC)
- City of Sacramento
- County of Sacramento
- Marshall Medical Center
- Orangevale Park District
- Sacramento Housing Authority
- Private Companies
- Buzz Oates Real Estate Group
- K. Hovnanian Homes
- Meegan, Hanschu & Kassen