Our People

Home// About // Our People // Ryan M. Hlubb
Team Member

Ryan M. Hlubb MAI, SRA

CEO & Managing Partner

Ryan M. Hlubb, MAI, SRA, is the founding partner of Principle Real Estate Companies, a multi-disciplinary professional services firm specializing in valuation services while also offering brokerage, capital, and tax consulting. Ryan’s expertise lies in tax assessment appeals, complex litigation, going concern properties, regional bank assignments, and mentoring the next generation of appraisers within his practice.

Ryan has been a prominent leader within the Appraisal Institute and his local community. Over the years, Ryan has held numerous roles within the organization, including serving twice on the Admissions Designations and Qualifications Committee, as Regional VI Chair, and as a Director on the National Board. Locally, he has held almost every leadership position within the Maryland Chapter.

In 2024, Ryan was honored with the Bert L. Thornton President’s Award in recognition of his significant contributions to the industry and his commitment to excellence. This award reflects his leadership, integrity, and dedication, which are the hallmarks of the Appraisal Institute.

With over 25 years of experience in real estate, Ryan has made a lasting impact through his expertise in complex assignments and his ability to solve unique appraisal challenges. His leadership and forward-thinking approach continue to shape the future of the appraisal profession.

Managing Partner Principle Real Estate Companies, LLC 2015 – Present
     Principle Valuation Group
     Principle Realty Group
     Principle Tax Consultants
     Principle Capital Advisors
Partner Hlubb & Goldstein Valuation Group, LLC 2009 – 2015
Senior Associate Hlubb & Associates 2002 – 2009

University of Maryland Baltimore County
Baltimore, MD
Loyola “Blakefield” High School
Towson, MD

Realtor Member National Association of Realtors
Member Institute for Professionals in Taxation (IPT)
Member International Association of Assessing Officers (IAAO)
Appraisal Institute Bert L. Thorton Presidents Award (2024)
University of Baltimore Merrick School of Business – RE Advisory Board
Baltimore Sun Newspaper Featured in “A question of value”
Appraisal Institute Volunteer of Distinction
Valuation Magazine Featured in “The Next Generation of Appraisal Leaders”
Courts U.S. Bankruptcy Court (Various), Pennsylvania Court of Common  Pleas (Allegheny, Berks, Bucks, Butler, Chester, Cumberland,  Dauphin, Delaware, Lancaster, Lebanon, Montgomery, Philadelphia, Warren, Westmoreland, York)
 

Depositions

 

Various Depositions for Pre-Trial & Arbitration Proceedings

 

Pennsylvania
Tax Assessment Boards

 

(At least 65 of the 67 Counties)

Maryland
Tax Assessment Boards
Baltimore City, Baltimore County, Anne Arundel County, Howard County, Harford County, Montgomery County, Prince Georges County, Queen Anne’s County
Virginia
Tax Assessment Boards
Arlington, Fairfax County, Loudon County, City of Norfolk
District of Columbia
Tax Assessment Boards
National Admissions Designations & Qualifications Committee Chair 2023-Present
National Public Relations Project Team 2024-Present
National Admissions Designations & Qualifications Committee 2022
National Find an Appraiser Project Team 2020-2021
National Board of Directors 2015-2018
National Strategic Planning Committee Chair 2017
National Strategic Planning Committee 2015-2016
Region VI 3rd Director 2014
Region VI Regional Finance Officer 2014-2015
Maryland President 2009-2010
Maryland Vice President 2008
Maryland Associates Guidance Chair 2008 & 2013
Maryland Alternative Region Representative 2007 & 2013
Maryland Board Director 2005-2007
National Admissions and Qualifications Committee 2009 – 2010
National Leadership Development & Advisory Council 2005, 2006, 2007
Appraisal Principles 14 Hour USPAP
Appraisal Procedures 7 Hour National USPAP Update (Bi-Annual Rotation)
Basic Income Capitalization
General Applications Real Estate Practicum
Advance Income Capitalization Market Analysis & The Site to do Business Subdivision Valuation
Advanced Residential Applications & Case Studies General Demonstration Report Writing
Residential Market Analysis & Highest & Best Use Professional’s Guide to the Uniform Residential Report Business Practices and Ethics
Advanced Applications Hotel Appraising: New Techniques
Advanced Residential Report Writing Parts I & II Appraising Manufactured Housing
Advanced Sales and Cost Approach Appraising the Tough Ones
Advanced Highest and Best Use and Market Analysis Distressed Commercial Real Estate
Advanced Report Writing & Valuation Analysis REO Appraisal: Appraisal of Residential Foreclosures
Marketability Study: Advanced Considerations & Applications Skip Seward Commercial Market Update – Annually
Analyzing Operating Expenses Valuation Bias & Fair Housing
Analyzing Retail Shopping Centers Essential Elements of Disclosure & Disclaimers
Land and Site Valuation Various State Mandated Law for Appraisers
Historic Preservation (Façade) Easements: Appraisal
Techniques and Valuation Issues
Wisely Appraising Intangibles
Various IRS Summits – Valuation Focused Seminars by
Appraisal Institute
Examining Property Rights and Implications in Valuation
Effect of PA Economic/Demographic Trends on HBU Analysis Consideration Beyond The Numbers: Market Analysis Tips and Trends
Liability Issues for Appraisers Performing Litigation and Other Non-Lending Work Introduction to Green Buildings: Principles & Concepts
Appraising Distressed Commercial Real Estate: Here We Go Again Marketability Studies: Advanced Considerations & Applications