Strategic Property Analytics, Inc.

Strategy. Valuation. Econometrics. Consulting.

We are a real estate advisory firm with a focus on litigation support, strategy, valuation and consulting. We deliver timely and insightful forensic consultation and valuation services to clients in both the public and private sectors.  Whether providing confidential preliminary consulting, written or oral valuation reports or expert testimony in open court, we generate clearly reasoned and thoroughly supported opinions and conclusions.

Our focus is on property value diminution claims and real estate damages, which involves environmental contamination, eminent domain, construction and title defects, soils issues, wildfires, geotechnical, natural disasters, and so forth. We utilize advanced methodologies to review property value diminution claims and to determine what impact, if any, detrimental conditions have on value. Our clients include government agencies, oil and gas companies, insurance agencies, utilities, corporations, developers, lenders and property owners.

Our Story

Our Story

Strategic Property Analytics, Inc. (SPA) incorporated in 2014, co-founded by Orell Anderson and Steve Valdez. SPA is a dynamic firm specializing in complex valuation services, appraisal, economics, litigation support, and consultancy. Our accomplished team is a mix of diverse, scholarly practitioners deeply committed to the field of property value diminution. Notably, Orell, Steve, Chris, and our team have made profound contributions to the literature and education related to real estate damages, shaping the landscape for appraisers.

Our Work

Our Work

Our experience includes but is not limited to: Agricultural Land, Apartments, Auto Dealerships, Conservation, Easements, High-Rise Office Buildings, Historical Railroad Uses, Hotels/Motels, Industrial, Land, Landfills, Low-Income Housing, Medical Buildings, Master-Planned Developments, Mining, Mini Storage Facilities, Mixed-Use, Museums, Night Clubs, Oil and Gas, Parking, Ranches, Resorts, Restaurants, Retail Facilities, Rural Residential, Service Stations, Shopping Centers, Single Family Residences, Skilled Nursing Homes, Special Use Properties, SRO’s, Subdivisions, and Submerged Lands.

Our Services

Our Services

Our expertise centers on complex property diminution claims, notably those involving environmental contamination, eminent domain, energy, construction defects, title defects, geotechnical, wildfires, natural disasters, crime scenes, terrorism and various adverse situations. We provide clients with thoughtfully reasoned and well-supported opinions, whether conveyed through confidential consultations, written or verbal reports, or expert witness testimony.

Our Solutions to Complex Problems

Our Solutions to Complex Problems

We have an in-depth understanding of the intricate dynamics between different stakeholders in the real estate industry, enabling us to offer accurate and precise appraisal services that aid in the resolution of the most complex property valuation issues. Our expertise has been instrumental in negotiations and settlements of many of the most high-profile real estate litigation cases worldwide.

Orell Anderson, MAI, FRICS, ASA

Orell Anderson, MAI, FRICS, ASA

Mr. Anderson is a qualified expert in real estate damages with over 30 years of experience. He has been qualified as an expert in various courts across the United States and internationally, including the Federal Court of Australia. He serves as the Co-chair of the ABA’s Environmental Litigation Sub-Committee on Damages and Eminent Domain and is a member of several committees, including the IRWA Valuation Community of Practice. Mr. Anderson is a contributor to the Appraisal Institute textbook "Real Estate Damages" and serves as a speaker, instructor, and writer on potential detrimental conditions and their impact on real estate.

Learn More
Steve Valdez

Steve Valdez

Mr. Valdez, a founding principal and testifying expert, has an advanced expertise in reviewing complex property value diminution claims. His extensive experience spans internationally, covering high-profile properties, disastrous events, and various detrimental conditions. Steve is a qualified expert and has served as an expert witness in many cases involving complex appraisal problems as a California Certified General Appraiser.

Learn More
Chris Yost-Bremm, PhD

Chris Yost-Bremm, PhD

Dr. Yost-Bremm is an Assistant Professor of Finance at San Francisco State University and holds a California Certified General Appraiser license. He has extensive expertise in analyzing the effects of environmental contamination on real estate values, specifically in class actions or mass tort claims, both during certification and merit phases. Dr. Yost-Bremm has provided testimony in federal court and has also offered statistical analysis services to international government agencies for non-litigation purposes related to environmental cleanups.

Learn More
Jason Borras

Jason Borras

Mr. Borras is the Operations Director and Testifying Expert at Strategic Property Analytics, providing consulting and analysis for real estate involved in litigation globally. Jason, an econometrician with 8+ years experience in analyzing property value claims, is also a contributing author and speaker on PFAS contamination and holds leadership roles in various professional bodies. He holds a active license as a Certified General Appraiser in California.

Learn More
Michael Brunson, SRA, MNAA, MPA

Michael Brunson, SRA, MNAA, MPA

Mr. Brunson is a testifying expert at Strategic Property Analytics, with a significant record of providing testimony and depositions as a real estate valuation expert in civil, probate, real estate damages, and divorce cases. He has served as an expert witness in multiple courts, including the U.S. Bankruptcy Court, 8th Judicial District Court of Clark County Nevada and the U.S. District Court of Nevada, the Nevada Commission of Real Estate Appraisers, the Nevada Assembly Committee on Commerce and Labor, and the Nevada Senate Committee on Commerce and Labor. Michael’s expertise has been called upon in numerous trial settings and depositions, reflecting his extensive knowledge and credibility in real estate appraisal and valuation. Additionally, as a certified USPAP instructor, he imparts essential knowledge on appraisal standards and practices, further underscoring his expertise in the field.

Learn More
Orell Anderson, MAI, FRICS, ASA

Orell Anderson, MAI, FRICS, ASA

Orell Anderson is a renowned expert in real estate damages with over 29 years of experience. He has been qualified as an expert witness in various courts across the United States and internationally, including the Federal Court of Australia. He currently serves as the Co-chair of the ABA’s Environmental Litigation Sub-Committee on Damages and Eminent Domain, and is a member of several committees, including the IRWA Valuation Community of Practice. Mr. Anderson is also a frequent speaker, instructor, and writer, and is the contributing author of the book Real Estate Damages.

Learn More
Steve Valdez

Steve Valdez

Mr. Valdez is a Founding Principal and Testifying Expert at Strategic Property Analytics. Steve has a specialty in complex property valuation and real estate damages. His practice is international, including iconic properties and highly publicized disasters and an array of detrimental conditions. He is a contribution author to many publications for the International Right of Way Association and the Appraisal Institute. Mr. Valdez is a designated expert and has been deposed and testified as an expert witness in many trials.

Learn More
Chris Yost-Bremm, Ph.D.

Chris Yost-Bremm, Ph.D.

Mr. Yost-Bremm is an Assistant Professor of Finance at San Francisco State University, and a licensed California state appraiser (Certified General). Dr. Yost-Bremm has been with Strategic Property Analytics, Inc. since 2018, developing and critiquing statistical methodologies involving real property on behalf of numerous firms and individuals. Dr. Yost-Bremm has significant experience in analyzing the impacts of environmental contamination, particularly under class action or mass tort claims (at both the certification and merit stages). He has testimony experience in federal court. In addition, he has also provided statistical analysis services under non-litigation circumstances, involving environmental cleanups by international government agencies.

Learn More
Jason Borras

Jason Borras

Mr. Borras is the Operations Director and Testifying Expert at Strategic Property Analytics, providing consulting and analysis for real estate involved in litigation globally. Jason, an econometrician with 8+ years of experience in analyzing property value claims, is a contributing author and speaker on PFAS contamination and holds leadership roles in various professional bodies. He holds an active license as a Certified General Appraiser in California.

Learn More
Mike Brunson, SRA, MNAA, MPA

Mike Brunson, SRA, MNAA, MPA

Mr. Brunson is a testifying expert at Strategic Property Analytics, with a significant record of providing testimony and depositions as a real estate valuation expert in civil, probate, real estate damages, and divorce cases. He has served as an expert witness in multiple courts, including the U.S. Bankruptcy Court, 8th Judicial District Court of Clark County Nevada and the U.S. District Court of Nevada, the Nevada Commission of Real Estate Appraisers, the Nevada Assembly Committee on Commerce and Labor, and the Nevada Senate Committee on Commerce and Labor. Michael’s expertise has been called upon in numerous trial settings and depositions, reflecting his extensive knowledge and credibility in real estate appraisal and valuation. Additionally, as a certified USPAP instructor, he imparts essential knowledge on appraisal standards and practices, further underscoring his expertise in the field.

Learn More
David Kader

David Kader

Mr. Kader, a Research Analyst at Strategic Property Analytics, Inc., has extensive experience working on complex valuation projects that involve detrimental conditions. David proves to be an invaluable asset as he consistently provides thoroughly reasoned research and appraisal assistance.

Daniel Adomian

Daniel Adomian

Daniel Adomian joined SPA in 2019 as a consultant for real estate damages. He focuses on complex matters including eminent domain, environmental contamination, natural resources, partnership disputes, and construction issues. He also has substantial experience in competition economics, including antitrust, regulatory review, and mergers and acquisitions. He is a co-founder and former COO of Vices.com, a curation of luxury products available as a subscription and as a business gifting solution. Daniel is an area representative for his local neighborhood council in Los Angeles and a graduate of Claremont McKenna.

David Krishan

Over 25 years of experience in commercial real estate. Experience in acquisitions, hotel, motel & land, market research, development & renovation, deal negotiation and land use issues including the entitlement process.

Dennis A. Webb, ASA, MAI, FRICS

Mr. Webb is an appraiser and business valuer with wide-ranging expertise in related fields. He is the owner of Primus Valuations, a multidisciplinary valuation firm with a general business valuation practice and an emphasis on real property-related and other specialty business interests. This emphasis is supported by experience with real estate appraisal, business valuation, and partnership syndication. His is an interdisciplinary fact-oriented practice area that demands an integrated approach to valuation.

Louis L. Wilde, Ph.D.

Louis L. Wilde, Ph.D.

Dr. Louis Wilde holds a Ph.D. in Economics from the University of Rochester, where his concentrations were Labor Economics and General Equilibrium Theory. From 1976 to 1992, he was a professor at the Cal Tech, where his research focused on consumer behavior, industrial organization, and law and economics. He has numerous academic publications and has been awarded a variety of research grants and fellowships including 11 National Science Foundation Grants, a Fellowship in Civil Liability from the Yale Law School, and a Guggenheim Memorial Foundation Fellowship. He became a full-time economic consultant in 1992.

Michael Kearns, MAI

Michael Kearns, MAI

Mr. Kearns is an appraiser with more than fifteen years of experience valuing residential, commercial, industrial, and special use properties. During his career, he has appraised over 1,000 properties throughout the United States, spanning at least 20 states and seven countries. While the majority of these assignments have been undertaken for lending clients, other clients include property/portfolio owners, attorneys, accountants, and other appraisal users. In addition, he has provided highest and best use analyses, market studies, feasibility studies, financial and statistical analyses, and has engaged in the development of real estate.

Tara Harder

Tara Harder

Tara Harder began her career mapping glacial velocities in Greenland before focusing full-time on providing research for litigation support. In 2018 she joined Strategic Property Analytics as a GIS Specialists and has been working on geospatial projects ever since. Tara holds a B.A. in Environmental Science from the University of California, Irvine, and a Professional GIS certificate from Michigan State University. She is a licensed real estate salesperson and has completed all education requirements for the trainee appraiser classification in the state of New York.

Franceskay Allebes

The one who holds us all accountable. Without her, we are nothing.

Bobbie Caraway

Mrs. Caraway has worked in Real Estate Damage Economics for 22 years. She spent 14 years with Bell Andeson & Sanders, LLC, 6 years with Landmark Research Group, and is currently with Strategic Property Analytics, Inc. She wears many hats, which involve running the business, gathering data for case research, and everything in between. Bobbie serves as an administrative assistant for Orell Anderson. She can be reached at bobbie@strategicpropertyanalytics.com

Shelley Bird

Mrs. Bird serves as Strategic Property Analytics' accountant. She has been with the firm since incorporation. She brings a tremendous expertise to the firm.

Alexander Wohl

With heavy hearts, we deeply regret to inform you of the passing of Alexander Wohl. Alex was a light in our lives and we will greatly miss you. Mr. Wohl was the senior research analyst at Strategic Property Analytics. Alex had been involved with SPA since incorporation. His efforts helped to establish SPA as a leading firm in the valuation of potentially impaired real estate. Mr. Wohl was a contributing author to many publications on real estate damages.

Journal Articles and Practice Pointers

Journal Articles and Practice Pointers

The team at Strategic Property Analytics provides significant contributions to the published literature on appraisal and real estate economics.

Learn More

His findings reveal significant disparities in housing market outcomes. According to Kontokosta's analysis, Barcelona and Sydney experienced substantial increases in housing prices following their respective Olympic Games. In contrast, Los Angeles, Calgary, and Atlanta witnessed negative effects on housing prices, while Seoul showed no major change. These results indicate that the economic benefits of hosting the Olympics are not uniformly distributed and can sometimes lead to adverse outcomes.

  •  09/25/2024 06:27 PM

A study conducted by Okmyung Bin and Jamie Brown Kruse gives insight to the question posed in the header title above. Their hedonic study looks at how flood risks affect house prices in Carteret County, North Carolina, a coastal area with flood-prone regions. Their research focuses specifically on coastal flood hazards between various flood zones. The authors cited other studies that found that flood risk lowers property values inland by 3% to 12%, the high premiums paid for coastal properties make flood insurance premiums less influential in overall market pricing. Using flood maps and property sales data from 2000 to 2004, Bin and Kruse found that when a property is located within a flood zone that is not subject to coastal wave action the property values are 5% to 10% lower. Properties in flood zones that face wave action have higher values due to their proximity to the water.

  •  07/29/2024 04:46 PM

On average, accidents did not exert a significant influence on SFR property values. However, incidents resulting in adverse health effects, pollution of the environment, evacuations, or directives to seek refuge in place precipitated a discernible decline in the value of residences within a five-kilometer radius, ranging from 5% to 7%. This equated to an average reduction in property values ranging from $12,000 to $17,000. Individual buyers and sellers of properties in nearby housing markets exhibited heightened awareness regarding incidents with offsite effects compared to those solely involving onsite effects. Moreover, residences within two kilometers of a solitary RMP facility, regardless of any releases, tended to experience a property value diminution ranging from 2% to 4%, overall, on balance. Collectively, proximity to multiple RMP facilities increased the diminution, with residences within a kilometer of three RMP facilities experiencing a decrease in value exceeding 12% and those within 1 to 2 kilometers experiencing a 5% reduction.

  •  05/13/2024 05:08 PM

The study's findings reveal significant effects on property values attributed to proximity to certain types of electrical transmission lines, which can vary based on geographic location. Notably, homes near 138 kV and 46 kV lines experienced statistically significant decreases in value, while those near 345 kV lines exhibited no negative impact and, in some cases, even show a slight positive effect.

  •  04/09/2024 04:47 PM

Firstly, similar to existing literature on pipeline proximity, the data from compressor station case studies suggest no consistent adverse impact on nearby home prices. Prices per square foot for homes closest to the pipelines varied, sometimes even exceeding those at greater distances, emphasizing the need for location-specific analysis. Secondly, incidents such as fires or emissions at compressor stations did not necessarily lead to decreased nearby home prices across all studies, with some cases showing inconclusive results. Thirdly, when impacts on home prices did occur due to compressor station incidents, they tended to be temporary, lasting from a few months to a few years before returning to pre-incident levels.

  •  03/13/2024 06:16 PM

The findings reveal that properties within the BPA are generally valued higher than those outside, in line with previous literature emphasizing the positive impact of environmental amenities on real estate prices (Cuculiza et al., 2021). However, following major wildfire events, properties within the BPA experience price decreases of approximately 0.9%–1.7% compared to properties outside the BPA, with the negative impact being significant in the first two years post-event and diminishing thereafter. Additionally, properties within the BPA with higher natural environmental amenities exhibit greater resilience to wildfire risk, indicating the importance of considering environmental factors in wildfire risk research within the housing market context.

  •  02/19/2024 09:01 PM

Results show that age and the number of bathrooms are the only features reliably predicted by the model, with the HVTL easement not significantly impacting price. The statistical analysis, accounting for emotional factors in home buying, reveals that properties with the easement sold for up to 4.22 percent less than those without, consistent with similar studies.

  •  01/29/2024 09:18 PM
  • 28202 Cabot Road, Suite 300 Laguna Niguel, CA, 92677