About Otto & Company
We established the company in 1993 as an answer to the growing demand for better quality, reasonably priced appraisal and consulting services. We assembled a team of appropriately educated individuals, and supplemented their knowledge & skills with substantial in-house training. In addition, our staff individually continues to maintain a regiment of courses and seminars to keep them up-to-date with current valuation concepts. This continuing educational growth adds to our body of knowledge and provides the means to deliver verifiably accurate reports of a consistent high quality. Please click here for a brief web presentation of our company, or here for our corporate brochure.
Individually, our staff includes the following:
Commercial Division:
L. L. (Les) Otto
Active in the appraisal industry since 1978, in both British Columbia and Ontario. Designated member of the Appraisal Institute of Canada [AACI] and the Real Estate Institute of BC [RI(BC)]. In addition, Les is also an associate member of the American Appraisal Institute, the Ontario Expropriation Association, and the Canadian Condominium Institute. He is an MBA graduate from the Edinburgh Business School, Heriot-Watt University, Scotland, UK. Les has extensive experience in a wide range of disciplines including: expropriation, resource properties, land claims, and all of the standard commercial, multi-family & industrial property types.
Paul Athanasiou
Active in the appraisal industry since 1994, completing a variety of assignments throughout in Southwestern Ontario. Designated member of the Appraisal Institute of Canada [AACI], and a University of Western Ontario graduate with a B.A. in Economics. Paul specializes in apartment & industrial properties, land-use feasibility studies, and expropriation.
Jason C. Otto
Active in the appraisal industry since 1999, Jason is a candidate member of the Appraisal Institute of Canada, and is completing the final requirements for his professional appraisal designation [AACI]. Jason is a graduate of North Central University (Minnesota, USA), with a B.Sc., and a member of the Ontario Expropriation Association. He has a broad range of experience including standard commercial, multi-family & industrial property types, as well more specialized risk management reviews for mortgage portfolios, and replacement costing for insurance & condominium reserve fund studies, and expropriation.
Jay R. Patterson
Jay has an extensive financial background, with over 12 years as an active mortgage lender. This experience in real estate risk analysis has given him a clearer understanding of the appraisal industry. Jay is also a candidate member of the Appraisal Institute of Canada, and is working towards his professional appraisal designation [AACI]. His typical assignments include standard commercial, multi-family & industrial property types. In addition, having lived and grown-up in rural Ontario, Jay has excelled in the valuation of agricultural holdings. These include poultry, hog, cattle and cash-crop properties. He also has extensive expropriation experience.
Rob Reeve
Rob comes to us with a strong market analyst background. Mr. Reeve is a candidate member of the Appraisal Institute of Canada, and has completed the majority of his appraisal courses through the University of British Columbia. He is currently completing the final courses for his professional designation [CRA].
Jonathan Sobottka
Jonathan is an candidate member of the Appraisal Institute of Canada. He has completed the majority of his appraisal courses for his professional designation [AACI]. Jonathan is also a graduate of Wilfrid Laurier University with an Honours B.A. in Applied Economics, and has a passion for community service in Kitchener and Waterloo. His experience includes single and multi-family homes, as well as standard commercial and industrial properties.
Robin is our condominium consultant. He has extensive condominium experience on both the day to day management of a complex, as well as assisting in the planning and analysis for our reserve fund studies. Robin comes to us as a highly knowledgeable and educated individual with a BA Eng, and an MBA. His efforts are focused on reserve funds for both existing and conversion condominiums, as well as institutional and municipally owned properties.
Residential Division:
Due to our growing residential clientele and their specific needs, our residential division can be found at www.OttoandCompany.ca. Alternatively, their mailing address is: Unit 103, 630 Colborne St., London, Ontario N6B 2V2.Steve Otto, CRA oversees this division and he can be reached (519) 964-HOME(4663), ext. 222.
As a result of our diversified experience and knowledge, we are able to provide the following:
Valuation Appraisal Services:
• all standard housing types, hobby farms, estate residential & executive homes
• residential rental properties ranges from small scale to the largest apartments
• all types of retail commercial, plazas, restaurants, and mixed uses
• small scale to regional sized industrial developments
• standard and specialized farming operations
• institutional properties such as: schools, churches, and medical facilities
• specialized uses such as: mini-storage, marinas, gravel pits, golf courses, motels & hotels, automotive dealerships, and leasehold
• road, rail & utility corridors, including expropriation issues
Consulting & Specialized Services:
• capital gains valuations, investment analysis, and cost-benefit studies
• expropriation, expert witness and rent arbitration
• competitive position analysis
• economic opportunity profiles, and GAP analysis
• business & equipment valuations
• condominium reserve fund studies
• feasibility studies for economic space allocations, and highest & best use studies for land & building developments