LFM Adds Three New Principals


Lipman Frizzell & Mitchell LLC, a commercial real estate valuation and consulting firm serving the Washington/Baltimore region for over 40 years, proudly announces the addition of three new principals: James E. Caminis, MAI; Stacy A. Harman; and Kevin L. Kagen.

On their addition, M. Ronald Lipman, MAI, founding principal of Lipman Frizzell & Mitchell (LFM), said “James, Stacy, and Kevin represent the next generation of appraisal excellence in the Washington/Baltimore region. LFM’s future as the area’s leading appraisal and consulting firm is assured.”

Mr. Caminis has been with LFM for 13 years and holds the MAI designation of the Appraisal Institute. James serves on the board of the Maryland Chapter of the Appraisal Institute and has testified as an expert witness in the Maryland Tax Court. Mr. Caminis is a graduate of the Weatherhead School of Management at Case Western Reserve University in Cleveland, Ohio. He holds commercial real estate appraiser licenses in Maryland, Virginia, Delaware, and the District of Columbia. James’ primary focus is on industrial and retail buildings, shopping centers, mixed-use properties, net-leased assets, vacant land, special purpose property, and portfolio/estate fractional interest valuations.

Ms. Harman has been with LFM for 30 years and, over her tenure, has obtained commercial appraiser licenses in Maryland, Delaware, and Pennsylvania. Stacy is a member of Commercial Real Estate Women (CREW) and a board member of the Maryland Chapter of the Appraisal Institute. Her assignments cross many property types, with a focus on special purpose properties such as automobile dealerships, country clubs and golf courses, marinas, and residential subdivisions. Stacy’s experience includes partial takings and conservation easement valuations. She is pursuing an MAI designation from the Appraisal Institute.

Mr. Kagen has been with LFM for over 6 years and is actively working on obtaining an MAI designation from the Appraisal Institute. Kevin has a Masters of Real Estate (MSRE) degree from Johns Hopkins University and Bachelor degrees in Real Estate and Finance from the University of South Carolina. He holds appraiser licenses in the District of Columbia, Maryland, and Virginia. Kevin has extensive experience with retail, office, multi-family, and special purpose properties, and portfolio/estate fractional interest valuations, with a concentrated focus in Washington, D.C. and Northern Virginia.

Over the last 40 years, Lipman Frizzell & Mitchell has established a reputation for expertise and exceptional marketplace knowledge that is generally perceived as the best in the profession. LFM continues to tackle traditional investment real estate assignments as well as very complex assignments. We pride ourselves on our extensive real property tax assessment appeal support and fractional interest valuation work in the context of estate planning and administration. LFM is committed to providing its clients the most comprehensive appraisal and consulting services available.

Lipman Frizzell & Mitchell LLC serves the Washington and Baltimore metropolitan region with a staff of 11 appraisal professionals. Six appraisers hold the MAI designation from the Appraisal Institute. Since our formation in 1977, we have focused on providing expert witness testimony in litigation matters involving some of the areas’ major cases, several of which have set precedent.

What Our Clients are Saying

Stefan F. Tucker • Venable LLP


"As a lawyer specializing in estate and income tax planning, which often encompasses transfers by gift or bequest of interests in real property and interests in closely-held entities, such as partnerships, limited liability companies and S corporations, I am compelled to seek valuations of such interests by recognized experts in the field, so that the valuations attached to the gift or estate tax returns are “adequate disclosure” for Federal tax purposes.

In my practice, I have found that Lipman Frizzell and Mitchell is extraordinarily qualified to prepare the necessary valuations. Ron Lipman, Ryland Mitchell and the others at the firm carefully review all facts and make certain that the relevant documentation accords with their expectations so that their appraisals will stand up under heavy scrutiny by the Internal Revenue Service and State taxing authorities. They carefully consider minority interests in property and in entities, the different types of property within entities, and the presence or absence of restrictions on transfers in the appropriate documentation.

The bottom line is that at all times Lipman Frizzell and Mitchell is at the very top rung of appraisers. I would recommend them to anyone seeking to work with the very best."