Phil Culotta

Value At Work

Resourceful

With over 10 years of experience in healthcare valuation including over 6 years of experience in healthcare real estate appraisal, Phil Culotta has completed over 750 healthcare-related real estate valuations for HMS clients. With a primary focus on providing Fair Market Value opinions to ensure compliance with Stark Law and AKS, Phil’s expertise is fair market value rental rate appraisals, land appraisals, and full building appraisals.  Types of medical properties include medical offices, timeshare suites, hospitals, specialty hospitals, ambulatory surgery centers, dialysis centers, diagnostic imaging centers, rehabilitation facilities, and outpatient clinics. Various types of other commercial property appraisals completed include freestanding retail, shopping centers, mixed-use properties, professional offices, and vacant land. Phil’s team conducts site visits and physical property inspections for clients, as well as oversees the data collection and analyses for subject properties.  Specifically, the process involves performing market area analysis, reviewing data from various public and private sources, performing highest and best use analyses, compiling comparable property data, and completing the final assignment report..

Experienced

Graduating from Nicholls State University with a Bachelor’s degree in both Microbiology and Chemistry, Phil went on to complete his graduate studies at the University of New Orleans, earning a Master’s of Science in Healthcare Management.  Phil is a Certified Valuation Analyst with the National Association of Certified Valuators and Analysts, a Certified General Real Estate Appraiser in multiple states, and is currently working towards the requirements to become a Member of the Appraisal Institute.  Phil has provided appraisal services for national and regional healthcare systems with particular emphasis on fair market value rental rate appraisals, land appraisals, and full building appraisals.

Education & Certifications

Nicholls State University – BS in Microbiology/Immunology

University of New Orleans – Master’s Degree – Healthcare Management

Certified General Appraiser

Building Owners and Managers Association (BOMA)

Clarity

Recognizing that time matters when it comes to producing a fair market value, Phil takes pride in providing direction and clarity to clients, enabling them to be efficient when their assistance is required. Phil firmly believes there is no substitute for attention to detail, hard work, and tireless energy to facilitate working against the clock and streamlining communications between all parties involved. He understands that success for his clients comes from being able to pay attention to the details while being mindful of the big picture and the result he’s trying to achieve on his client’s behalf.

Value Outside Work

My favorite things to do as a kid were. . .
To play basketball with my friends and follow my dad around.

As a big kid, I like to. . .
Play tennis, read science fiction books, and foster kittens with my wife. 

One of the things I hope to do. . .
Re-learn how to play the piano.