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Franklin L. Flato, MAI is an Affiliate Director who specializes in commercial real estate valuation. Mr. Flato has analyzed properties including retail, involving single tenant, pad site, ground lease, retail centers to regional malls; office buildings, including single tenant garden to high rise multi-tenant, call centers, corporate headquarters; industrial properties, such as warehouses, manufacturing plants, special purpose, maquiladora plants, vacant development tracts, mixed use developments; commercial sites; rural land; ranches; farms; apartment complexes; residential and commercial subdivisions; aircraft related buildings; automobile dealerships; hotels; recreational theme parks; golf courses and country clubs; marinas, and other types of properties on both an “as-is” and prospective “as-proposed” basis. His experience includes legal/court testimony, right-of-way valuation, investment counseling, and traditional commercial real estate appraisal.

His assignments have been located in Texas, Louisiana, Florida, Oklahoma, New Mexico, Colorado, New Jersey, Pennsylvania, Puerto Rico, Honduras and the Republic of Mexico. In Mexico, he has operated in the states of Tamaulipas, Jalisco, Nayarit, Sinaloa, Sonora, Baja California, Baja California Sur, Puebla, Guanajuato, Veracruz, Nuevo Leon, Guerrero, Morelia, Queretaro, Coahuila, San Luis Potosi, Chihuahua, Colima, Quintana Roo, Distrito Federal, and the State of Mexico. He has also qualified as an expert witness in Bexar, San Patricio, Webb, Live Oak, Travis, Goliad and Nueces Counties of Texas and has lectured and been on speaker panels at national and local Appraisal Institute meetings and Right-of-Way functions in San Antonio, Texas, Chicago, Illinois, Cancun, Mexico and Madrid, Spain.

Mr. Flato is fluent in Spanish and has extensive contacts in Mexico and Latin America. Assignments in Mexico include complex retail and mixed use developments, industrial portfolios in most major cities, manufacturing plants including major automobile parts suppliers, resort properties, subdivisions, ranches and rural properties, for international and local clients including major banks, investment firms, and developers. Over 100 properties were appraised in 2013/2014 and he typically appraises 12 to 20 properties per year in Mexico.

He is also the founder and president of Flato Realty Advisors, LLC, a commercial real estate appraisal firm active in South Texas and Mexico, since 2012. Prior to founding Flato Realty Advisors, LLC, Mr. Flato served as Vice President – Senior Appraiser, directing the San Antonio office of Grubb & Ellis Landauer, from 2010 through 2012, Senior commercial appraiser at Dugger, Canaday, Grafe, Inc., a San Antonio based appraisal firm, from 1988 through 2010, and Leasing Director for Flato Realty Investments, Inc. from 1986 through 1988.

  • BBA in Real Estate and Urban Land Development at the University of Texas at Austin
  • Certified under the Appraisal Institute’s voluntary program of continuing education for designated members of the Appraisal Institute.
  • MAI Designation – Appraisal Institute, Certificate No. 11792
  • Texas – State Certified General Real Estate Appraiser, License No. 1321148-G