Areas of Expertise
- Asset Management
- Construction Advisory
- Construction Management
- Crisis Management
- Due Diligence
- Fiduciary Services
- Property Management
- Real Estate Brokerage
- Receiver
Industries
- Agriculture
- Construction
- Hotel & Resorts
- Real Estate
Prominent Cases
- Retail Receivership: Deutsche Bank Trust Company Americas, As Trustee on Behalf of The Registered Holders of Citigroup Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2014-GC23 v. Sugarloaf Parkway LLC – Superior Court of Gwinnett County; Georgia
- Multifamily Receivership: CRE/ADC Venture 2Dll-1, LLC v. Deka/b Street, LLC - Court of Common Pleas of Montgomery County; Pennsylvania
- Mobile Home Park Receivership: Colfin Falcon Funding, LLC v. Southwest-er Yuma Mobile Home Court, LLC et al. - Maricopa County Superior Court; Arizona
- Assisted Living Facility Receivership: Trustees of the Rapid Funding Corporation Profit Sharing Plan and Trust U/A v. CLB Holdings, Inc - Fulton County Superior Court; Georgia
- Hospitality Receivership: CRE/ADC Venture 2013-1, LLC v. R&M Investors, LLC et al. - Charleston District Court; South Carolina
- Multifamily property and construction manager for multiple properties post foreclosure by Fannie Mae
- Asset manager, construction manager and owner representative for 2,654 multifamily units in 4 states
Designations
- LEED AP
- Broker
Experience
- 15 Years with Firm
- 23 Years of Relevant Experience
Biography
Joel Murovitz has over 20 years of experience across many aspects of the real estate and construction industries. Joel began his engineering career as a staff engineer with Willmer Engineering in Atlanta, Georgia where he conducted environmental, geotechnical and materials testing studies. Subsequently, as a Project Engineer with Parsons Brinckerhoff in Tel Aviv, Israel, he managed the design and construction of infrastructure projects for both the Israeli government and the Palestinian Authority (PA).
Joel's real estate career began with Robert Charles Lesser and Company, a national real estate consulting firm, performing market analyses, financial feasibility and consumer research studies for various land uses and real estate products for planning purposes as well as development mix programming. Subsequently with various entities in the Inland Real Estate Group of Companies, he oversaw large-scale capital projects for a 300-plus shopping center portfolio and implemented a preventative maintenance budgeting, scheduling and training program for property managers. He then managed all land development efforts related to acquisition due diligence and project zoning, design, permitting, site work construction and tenant coordination for large-scale mixed-use and commercial developments.
Joel has been with GlassRatner (now doing business as B. Riley Advisory Services) since 2009 and his practice consists of:
- Court-appointed Receiver for real estate and associated businesses
- Asset and property management
- Operational and financial audits of commercial real estate
- Construction and project management
- Project budgeting, cash management and reporting
- Property valuations and dispositions
- Casualty recovery and insurance dispute resolution
- Cost analyses and damage calculations
- Labor efficiency studies
- Project scheduling and planning
- Project delay and acceleration analyses
During Joel's tenure with the firm, he has overseen the management, construction and disposition of hundreds of assets of varying types and classes including multifamily, single family portfolios, retail, office, industrial, hospitality, c-stores, agricultural and automotive. Joel has been appointed in both Federal and state courts as the named receiver in dozens of cases and is responsible for the firm's real property services including asset, property and construction management as well as leasing and disposition. Joel is also a leading contributor for the firms valuation work on unique real estate assets or transactions and is a senior member of the construction advisory & dispute resolution practice.
His experience and training enable him to creatively solve any operational of physical challenges as well as to analyze and to clearly communicate what went wrong with a project and why.
Employment History
- November 2009 to Present - B. Riley Advisory Services (formerly GlassRatner Advisory & Capital Group, LLC) - Director/Receiver
- 2007-2009 - Inland Atlantic Development Corp. - V.P. of Engineering and Entitlements
- 2004-2007 - Inland Retail Real Estate Trust - Director of Operations
- 2002-2004 - Robert Charles Lesser & Co., LLC - Associate
- 1998-2000 - Parsons Brinckerhoff, Inc. - Project Engineer
- 1996-1997 - Willmer Engineering, Inc. - Staff Engineer
Professional Affiliations
- Turnaround Management Association
Expert Testimony History - Prior Four Years
- Brandon Smith, et al. v. Cardinal Group Management & Advisory, LLC d/b/a Cardinal Group Management; Glendale Properties 1, LLC d/b/a Mint urban infinity: Glendale Properties II, LLC d/b/a Mint Urban Infinity - District Court, City and County of Denver, Colorado
Warranty of Habitability and Appropriateness of Fees - Residential Property Management Best Practice
November 2022