Ryan M. Hlubb, MAI, SRA · Principle Real Estate Companies
Ryan M. Hlubb

Ryan M. Hlubb

MAI SRA

CEO & Managing Partner


Specialties

Going Concern Appraisals (Hotel, Golf Courses, Hospitals, Restaurants) · Complex & Land/Subdivision Valuation · Multi-Family, Mixed Use & Urban Developments · Office, Industrial, Retail · Specialty Residential

Licenses — Certified General Appraiser

PennsylvaniaGA003546
Maryland04-11723
District of ColumbiaGA11482
Virginia4001-017295
New Jersey42RG0026900
New York46000053768
North CarolinaA9328
South Carolina8426
DelawareX1-0010804

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Ryan M. Hlubb MAI, SRA

CEO & Managing Partner

Ryan M. Hlubb, MAI, SRA, is the founding partner of Principle Real Estate Companies — a multidisciplinary commercial real estate platform built on credential depth, independence, and a standard of service that has not changed since the firm's founding.

Ryan's practice is built on the assignments most firms won't take. His specialties include going concern valuations — hotels, golf courses, hospitals, and restaurants — alongside complex litigation support, tax assessment appeals, land and subdivision analysis, and FIRREA-compliant bank work across a nine-state licensing footprint.

Beyond the practice, Ryan has spent more than two decades investing in the profession itself — serving at every level of the Appraisal Institute from Chapter President to National Board Director. In 2024 he was honored with the Bert L. Thornton President's Award, the organization's highest recognition for contributions to the industry. As Managing Partner, he oversees Principle's four divisions with the same focus on credentials and independence that built the firm's reputation.

Professional Experience
Managing Partner Principle Real Estate Companies, LLC Principle Valuation Group Principle Realty Group Principle Tax Consultants Principle Capital Advisors 2015 – Present
Partner Hlubb & Goldstein Valuation Group, LLC 2009 – 2015
Senior Associate Hlubb & Associates 2002 – 2009
Notable Recognition
Appraisal Institute Bert L. Thornton President's Award (2024)
University of Baltimore Merrick School of Business — Notable Recognition
Appraisal Institute Service
Level Role Years
NationalAdmissions Designations & Qualifications Committee Chair2023–Present
NationalPublic Relations Project Team2024–Present
NationalBoard of Directors2015–2018
NationalStrategic Planning Committee Chair2017
NationalStrategic Planning Committee2015–2016
NationalLeadership Development & Advisory Council2005–2007
Region VIRegional Finance Officer2014–2015
Region VI3rd Director2014
MarylandPresident2009–2010
MarylandVice President2008
MarylandBoard Director2005–2007
Education
University of Maryland Baltimore County Baltimore, MD
Loyola "Blakefield" High School Towson, MD
Affiliations
Realtor Member National Association of Realtors
Member Institute for Professionals in Taxation (IPT)
Member International Association of Assessing Officers (IAAO)
Testimony & Courses

Available upon request. Ryan has served as an expert witness in complex litigation and valuation dispute matters across multiple jurisdictions.