Richard Merritt
President
merritt@edpco.com
Rick Merritt is President and one of the founders of Elliott D. Pollack & Company, a real estate and economic consulting firm that provides consultation on all aspects of the Arizona economy with specialization in the real estate market. Mr. Merritt is responsible for management of real estate and economic consulting assignments for the Company. He also serves as Project Manager for a number of real estate development projects and investments affiliated with partnerships formed by private investment groups. Mr. Merritt has more than thirty-five years of experience in the fields of real estate development and consulting, city planning, and project management in the Phoenix area.
Mr. Merritt advises state and local governments and private parties on a variety of issues including the economic impact of development projects, taxation, affordable and workforce housing, real estate market analysis, financial feasibility, and economic development strategies. The firm is highly sought by local organizations and businesses for speaking engagements on the local, state, and national economies, and real estate markets throughout the Southwest region of the U.S.
Mr. Merritt has managed a wide variety of real estate projects over the last twenty-five years. His responsibilities have involved initial acquisition and due diligence analysis, planning and engineering of the properties, infrastructure development, entitlements and land development. Projects have ranged from master planned communities of 600 to 1,000 acres in size to small 5 to 10-acre retail and apartment sites.
Prior to his present employment, Mr. Merritt served as Land Development Manager for The Northern Equities Company with responsibility for planning, engineering, and construction of the Company's projects. Mr. Merritt also served as Planning Director and Manager of the Community Development Department for the Town of Gilbert, Arizona.
Mr. Merritt has a Master of Business Administration from Arizona State University and a Bachelor of Community Planning from the University of Cincinnati. He is a licensed real estate agent in the State of Arizona. Mr. Merritt is a member of the Arizona Planning Association and is an active member in Lambda Alpha, an international land economics society, serving as its Treasurer. He has been a lecturer at a number of Arizona Planning Association conferences and a guest speaker at the Arizona Governor's Conference on Rural Development and Economic Planning.
Notable Consulting Studies
- The economic and fiscal impact of the Arizona Diamondbacks
- The economic and fiscal impact of Chase Field in Downtown Phoenix
- The economic and fiscal impact of the Arizona Tourism and Sports Authority, the entity charged with constructing a multi-purpose stadium for the Fiesta Bowl and Arizona Cardinals in Glendale.
- Arizona Affordable Housing Profile, a study funded by HUD and the Arizona Department of Housing, which examined the affordable housing inventory in each community and county in the state
- Economic and Fiscal Impact of the Phoenix Civic Plaza Expansion on Maricopa County & the State
- An Examination of Alternative Uses for Luke Air Force Base and the Effect of Land Use Restrictions on Property Values
- Market Analysis and Economic & Fiscal Impact of the Proposed ASU Novus Innovation Corridor, Tempe, Arizona
- Sky Harbor Airport Land Reuse Study
- City of Sedona Housing Needs Assessment and Five-Year Action Plan
Expert Witness Testimony
- Litigation Support for Campus Towers Case, Tempe, AZ
- J. Ryder & Capital Realty Advisors V. Goodyear Four, Inc.
- State of Arizona v. Charles Sorenson (Criminal Case)
- Saunders v. Lewis Roca Rothgerber
- City of Phoenix v. BN Holdings LLC
- City of Surprise v. Surprise Center Development Co.
- VIP Homes v. Town of Queen Creek
- Southwest Gas v. Pinal Energy
- ZarCarRes Tempe v. Mill Avenue Apartment LP & City of Tempe
- Arizona Corporation Commission’s Investigation into the Billing Practices and Water Quality Issues of Johnson Utilities, LLC
- State of Arizona v. Arizona Board of Regents
Speaking Engagements
- BOMA International’s National Advisory Council
- Appraisal Institute's Fall Forum on Real Estate Trends
- Arizona Affordable Housing Symposium sponsored by the Arizona Association for Economic Development
- Arizona Finance Advisory Committee (FAC) - Quarterly Updates for the Joint Legislative Budget Committee
- Lambda Alpha International – Analysis of Short-Term Rentals on the Housing Market
- Arizona City/County Management Association Summer Conference
