Ronald E. Lyman, CCIM

Ron is a native of Southeastern Connecticut, born in Norwich and presently living in Lebanon. He has been buying and selling real estate for the past thirty years and has acquired, developed, managed and sold numerous projects.

In the early 1980’s Ron bought, restored and/or converted several structures into approximately 60 apartments, which he later sold. He then acquired large tracts of land, which he subdivided into approximately 600 residential building lots.

In 1985, he obtained prime land on Main Street in Willimantic where he developed, owns and manages Tyler Square, a 51,450-sq. ft. office/retail complex leased to AA tenants. These tenants include: Sherwin Williams, Taco Bell, State of Connecticut Department of Labor, Connecticut Pathology Lab, AutoZone and the local office of the U.S. Social Security Administration.

Also in the late 80’s, Ron’s focus turned predominately to commercial/industrial real estate where he brokered several large transactions such as the $4.5 million sale of 220 acres in Quaker Hill and $3.5 million sale of “Midway”, a 167,000-sq. ft. industrial facility, both of which were owned by General Dynamics and sold to the Mashantucket Pequot Tribal Nation.

In 1999, Ron developed a new freestanding Rite Aid, which is owned and managed by Lyman Development Corp. In 2000, Lyman Development Corp. optioned land in Colchester, Connecticut, for a 350,000 sq. ft. retail center that was later sold after obtaining approvals. In 2001, Ron bought “ Sam Center,” another Lyman Development Corp. acquisition, a retail development center anchored by a new CVS with a double drive-thru and another 9,000-sq. ft. building at Main Street and Burnside Avenue in East Hartford, Connecticut. Max’s Place is a 68-unit apartment complex in Norwich with all approvals. Just prior to construction, sold project to another developer. Construction has begun. In Rocky Hill, Lyman Development is developing a 104-room hotel with a national restaurant in front. Lyman Development has purchased land in Old Saybrook for a 145,000 sf grocery-anchored retail strip center. Big Y World Class Market has signed a 20-yr lease in the center.

In addition to his membership in rotary (also past president), chamber of commerce, political commissions, and real estate associations, Ron received the Certified Commercial Investment Designation (CCIM) after extensive training. He also serves as Treasurer and Board Member for Generations Health, a non-profit health provider. Additionally, he is an active member of the International Council of Shopping Centers (ICSC). Ron holds real estate licenses in Connecticut, Rhode Island and Florida.

CT Broker License No. REB.751794

What is a CCIM?

A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate. A CCIM is an invaluable resource to the commercial real estate owner, investor, and user, and is among an elite corps of 7,500 professionals across North America who hold the CCIM designation -- the "Ph.D. of commercial real estate."

Recognized for its preeminence within the industry, the CCIM curriculum represents the core knowledge expected of commercial investment practitioners, regardless of the diversity of specializations within the industry. The CCIM curriculum consists of four core courses that incorporate the essential CCIM skill sets: financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate. Additional curriculum requirements may be completed through CCIM elective courses, transfer credit for graduate education or professional recognition, and qualifying non-CCIM education. Following the course work, candidates must submit a resume of closed transactions and/or consultations showing a depth of experience in the commercial investment field. After fulfilling these requirements, candidates must successfully complete a comprehensive examination to earn the CCIM designation. This designation process ensures that CCIMs are proficient not only in theory, but also in practice.

With such a wide range of subjects to be mastered and in a dynamic business such as real estate, the educational process doesn't end once the designation is earned; there is a strong commitment among CCIMs to continuing education.

Only 6 percent of the estimated 125,000 commercial real estate practitioners nationwide hold the CCIM designation, which reflects not only the caliber of the program, but also why it is one of the most coveted and respected designations in the industry. The CCIM membership network mirrors the increasingly changing nature of the industry and includes brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers and other allied professionals. Through this business network and through enhanced communication with the CCIM electronic network, CCIMs successfully complete approximately 156,000 transactions annually, representing more than $400 billion.

Certified Commercial Investment Members are in more marketplaces in North America -- 12 CCIM regions representing 1,000 cities -- than all major real estate companies combined. Regions and chapters provide designees and candidates the opportunities to promote business and educational goals through local and regional forums and meetings.

Conferred by the CCIM Institute, the CCIM designation was established in 1969. Courses leading to the designation are now offered throughout the world. For more information, call (800) 621-7027.