Staff
Allen & Associates is a real estate consulting firm specializing in affordable housing. Allen & Associates provides market studies, rent comparability studies, appraisals, land appraisals, capital needs assessments, and utility studies to its clients throughout the nation.
Our area of specialty includes the evaluation of low-income housing tax credit properties. Over the past several years we have completed assignments in 35 states including Alabama, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming and Puerto Rico.
Allen & Associates has offices in Charlotte, North Carolina and Detroit, Michigan. We are approved to provide our services throughout the United States. Since 1973, we have completed thousands of assignments across the country.
The following is a listing of key personnel for Allen & Associates:
Laurence G. Allen
Laurence G. Allen is President of Allen & Associates Appraisal and has 35 years of real estate valuation and consulting experience. Since 1973, he has performed over 5000 appraisal and consulting assignments for a variety of property types throughout the country.
His experience includes the appraisal and feasibility analysis for low income housing tax credit and tax-exempt bond projects. Since 2000, he has performed over 250 market study and appraisal assignments throughout the country for affordable multifamily properties. Mr. Allen has also served as a market study and rent comparability study reviewer for the Michigan State Housing Development Authority.
Mr. Allen, a member of the National Council of Affordable Housing Market Analysts, has written a number of articles in the Appraisal Journal, Michigan Assessor magazine, and Community Management magazine. In addition, he wrote a section entitled “Estimating Value” for the book How to Find, Buy and Sell Manufactured Home Communities.
Mr. Allen taught courses on real estate appraisal at the University of Michigan . In addition, he was a guest lecturer on real estate appraisal at the University of Michigan and Michigan State University School of Business Administration, Graduate programs.
Mr. Allen is a licensed real estate broker and a state certified real estate appraiser in the state of Michigan, Georgia and Virginia. In addition, he holds the MAI designation with the Appraisal Institute and the CFA (Chartered Financial Analyst) designation with the CFA Institute.
Mr. Allen received his Bachelor’s Degree with honors from Linfield College and his Master’s Degree in Business Administration from the University of Michigan.
Mr. Allen is the father of two and resides in Birmingham, Michigan with his wife Susan.
Jeffrey B. Carroll
Jeffrey B. Carroll is President of Allen & Associates Consulting. Mr. Carroll and has over 20 years of real estate consulting experience. Since 1988, he has performed over 2000 market study, rent comparability study, appraisal, environmental assessment, capital needs assessment, and utility allowance assignments throughout the country for affordable multifamily properties. Mr. Carroll has also served as a market study reviewer for the Georgia and Michigan housing finance agencies.
Mr. Carroll is a certified general appraiser, licensed to appraise real estate in the states of Alabama, Georgia, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. Mr. Carroll, an associate member of the Appraisal Institute, is currently completing the requirements necessary to obtain the MAI designation.
Mr. Carroll is a member of the National Council of Affordable Housing Market Analysts, where he previously served on the Executive Committee and chaired the Data and Ethics Committees. Mr. Carroll has successfully completed the NCAHMA peer review process.
Mr. Carroll has written articles on development, market assessment, financial analysis, and property management for Urban Land magazine, The Journal of Property Management, Community Management magazine, Merchandiser magazine, and a publication of the Texas A&M Real Estate Research Center known as Terra Grande.
Mr. Carroll has conducted seminars on development, market & feasibility analysis and affordable housing for the American Planning Association, Community Management magazine, the Georgia Department of Community Affairs, the Manufactured Housing Institute, the National Association of State and Local Equity Funds, the Virginia Community Development Corporation, and the National Council of Affordable Housing Market Analysts.
Mr. Carroll’s experience includes the development, finance and operation of single family, multifamily and manufactured home communities. As Investment Manager for GE Capital Corporation, Mr. Carroll managed a $500 million residential construction and development investment portfolio. Mr. Carroll also assisted in the management of over 12,000 apartment units for South West Property Trust, formerly one of the largest apartment REITs in the nation. In addition, Mr. Carroll managed manufactured housing and multifamily land development activities for CWS Development, a subsidiary of Clayton, Williams & Sherwood, formerly one of the largest manufactured home community operators in the nation.
Mr. Carroll received his Bachelor’s Degree in Engineering from Clemson University and his Master’s Degree in Business Administration from Harvard University.
Mr. Carroll, who was awarded a scholarship on the Clemson University varsity wrestling team, has served as an assistant coach for a local high school wrestling team. He is also a children’s instructor at a local judo club. Mr. Carroll resides in Charlotte, North Carolina with his wife Becky and his two children, Luke and Brittany.
Debbie Rucker
Debbie Rucker is an analyst with Allen & Associates Consulting, coordinating rent surveys and data collection for the company. Mrs. Rucker has worked on over 600 assignments and has conducted over 12,000 rent surveys. Mrs. Rucker was also responsible for compiling the database of detailed information on of every tax credit and tax-exempt bond transaction in Maryland, Virginia, North Carolina, South Carolina, Georgia, Florida, and Texas since 1999.
Mrs. Rucker is active in her church and helps run a local judo club. Mrs. Rucker is the mother of three and resides in Weddington, North Carolina.
Frank Victory
Frank Victory is an analyst with Allen & Associates Consulting, assisting in field work and data collection for the company. Mr. Victory has worked on over 600 assignments, and has compiled over 60 gigabytes of economic and demographic data. Mr. Victory was also responsible for compiling the data for a national census-tract level affordable housing demand model.
Mr. Victory is active in his church and the community. He was recently named “Charlotte’s Hometown Hero” for his charitable work by one of the largest radio and television stations in North Carolina. Mr. Victory is the father of two and resides in Monroe, North Carolina.
Albert Busedu
Albert Busedu is a research specialist for Allen & Associates and has completed over 1,500 apartment surveys. Mr. Busedu specializes in identifying and obtaining information on small rental properties in remote areas.
Mr. Busedu is a graduate from Oklahoma State University with a Bachelors Degree in Petroleum Geology. Mr. Busedu, formerly an executive with Honeywell and a WWII and Korean War veteran, is currently the president of a Charlotte condominium homeowners association. Mr. Busedu volunteers for the Saint Vincent de Paul Society taking necessities to people living in the Charlotte Public Housing Projects. He is also active in the Charlotte Amateur Astronomers Club.
Sandra Fordley
Sandra Fordley is a research specialist for Allen & Associates and has completed almost 2,000 apartment surveys. Ms. Fordley specializes in identifying and obtaining information on tax credit and bond-financed properties.
Ms. Fordley, a licensed real estate professional in Florida and North Carolina, attended Guilford College where she successfully completed several semesters of business courses. Ms. Fordley formerly managed a spa and health club and was the owner of a health food store for seven years.
Ms. Fordley enjoys shopping at health food stores and gourmet cooking. She also enjoys traveling.
Mary Hinson
Mary Hinson is a research specialist for Allen & Associates, specializing in obtaining information on market rate, restricted and subsidized properties. Mrs. Hinson has over 15 years of multifamily property experience as an onsite manager, regional manager, lease up specialist and analyst for troubled properties. She has managed high rises, garden and townhome properties in Ohio, Georgia, North Carolina and Michigan. In addition, Mrs. Hinson holds an Ohio Real Estate License.
Mrs. Hinson is active in both her church and her family’s horse ranch, and loves the outdoors. Mrs. Hinson resides with her husband and two children in Weddington, North Carolina.
Joyce Riggsbee
Joyce Riggsbee is a research specialist for Allen & Associates and has completed almost 3,000 apartment surveys. Mrs. Riggsbee specializes in identifying and obtaining information on market rate and subsidized properties. Mrs. Riggsbee played a vital part in compiling a database of tax credit and tax-exempt bond transactions in Kentucky and Georgia.
Mrs. Riggsbee is a very active volunteer in Charlotte’s New Heart Association, Charlotte Amateur Astronomers Club and the Matthews Help Center. Mrs. Riggsbee is also a national dog show steward.
Patrick Szrejter
Patrick Szrejter is a research specialist with Allen & Associates and has assisted on over 200 assignments throughout the United States.
Mr. Szrejter, who recently retired after 20 years in law enforcement, is also a Desert Storm Veteran. Mr. Szrejter, the father of two grown children, is a grandfather and serves as head instructor for a local judo club. His hobbies include woodworking and remodeling.
Debbie Taylor
Debbie Taylor is a research specialist for Allen & Associates, specializing in obtaining information on market rate, restricted and subsidized properties.
Mrs. Taylor enjoys collecting antiques and spent over 28 years as a bookkeeper in the photography industry. Mrs. Taylor resides with her husband and two children in Mint Hill, North Carolina.