Patrick J. Wellspeak, MAI, is a designated member of the Appraisal Institute. He has managed several teams of appraisers, enabling him to develop an understanding of a wide array of asset classes. With this broad base of experience, he provides commercial appraisal, consulting and litigation support services to Fortune 500 corporations, municipalities and regional law firms.
Pat has testified in Federal and State Superior Courts in Connecticut. He frequently addresses audiences at professional seminars sponsored by organizations such as the University of Connecticut, SIOR, the Connecticut Association of Assessing Officers and the Connecticut Bar Association. He has spoken on such topics as assessment appeals, estate planning and recent trends in the multifamily, retail, office and industrial markets.
Pat’s combination of experience and relationships formed in the Connecticut commercial real estate market makes him best able to solve client’s problems. He will only get involved in projects where his knowledge and relationships add value. Pat has an unparalleled understanding of the real estate taxation process in Connecticut and Connecticut’s most prominent brokers turn to him to develop tax projections for large investment sales. He deeply understands complex legal issues that are often part of the valuation and advisory process. Pat thrives on solving complex problems and having the resource of strong relationships that provide the data to make good decisions is what makes this possible.
While over 35 years of experience provides a strong resume of assignments among the properties Pat is most proud of providing valuation and/or advisory services on are the former UBS complex and RFR portfolio in Stamford; the SoNo Collection in Norwalk; Sikorsky Aircraft Corporation in Stratford; One Century Tower and 360 State Street in New Haven; One State Street, Hartford 21, The Hartford Fire Insurance Company campus and the CIGNA headquarters in Hartford County and the Pfizer complex in New London County.
Beyond his practice Pat is a former Executive Committee Member of the University of Connecticut Real Estate Center Council and was named its Distinguished Alumni of the Year in 2008. He has also served on the Board of the Connecticut Chapter of the Appraisal Institute, is an active affiliate member of SIOR and served on a volunteer development team that secured community donations to fund the construction of a new facility for the Cheshire Community Food Pantry.