E XPERTISE H IGHLIGHTS:

• Investment Real Estate Counseling.
• Valuation - Appraisal Analytical Services.
• Appraisal Review Forensic Analysis.
• Certified Licensed - Commercial Real Property Appraiser.
• Contract Analysis - Easements, Leases, Purchase Offers.
• Real Estate Law - Property Rights, Analysis, Contracts.
• Litigation Expert Witness in CRE, valuation in various matters.
• Appraisal Risk Management - Mitigation, Legal proceedings.
• Eminent Domain Condemnation Compensation Analysis.
• Clients: Private, Corporate, Institutional, Governmental.
• Brokerage - Transaction Management.
• Marketing Solutions Creative Project Campaigns.
• Property Inspections Reporting and Review.
• Due Diligence - Project Research.
• Efficiency Management Quality Control, Detail Review.
• Site Selection - Analysis, Acquisition Services.
• Development Advisory Services.
• Construction Cost Estimating.
• Build-to-Suit / Project Management
• Property Acquisitions Analysis.
• Property Dispositions Analysis.
• CRE Bank Lending Underwriting Analysis.
• Federal Regulatory issues OCC. FDIC. USPAP.
• Evaluations Feasibility Studies.
• Instructor of Professional Services.
• CRE Instructional Course Development.
• Business and Project Development.
• National Property Assignments.
• Serving Clients Worldwide since 1976.

PROFESSIONAL EXPERIENCE:

President and CEO: Confidential The company is an independent, fee-based, commercial real property advisory services firm, operating on a national basis. The private practice primarily provides investment real estate counseling and valuation appraisal services to the private client and institutional sector, as well as appraisal review and litigation support to the financial and legal services sectors for various businesses, law firms, individuals, and government entities. In addition, brokerage and transaction services, project management, development consulting, and other related CRE advisory services are provided to a global clientele. 1985 Present

Industry Significance:

• Commercial Real Estate Services:
• Real Property Valuation, Advisory Services, Brokerage.
• National Project Assignments:
• Valuation - Appraisal Review - Counseling - Litigation.
• Business Development:
• Advisory Litigation Services. Target Marketing - National.
• Governmental - Regulatory:
• FDIC RTC Contract Appraiser / OCC Appraisal Regulations.
• Supreme Court of Iowa:
• Methodology of Environmentally Contaminated Land Valuation.
• Management:
• Office, Staff, IT, Research, Project Development Mgt.
• Litigation Support:
• Expert Witness Qualified in various Federal District Courts.
• Eminent Domain:
• Advisory-Valuation. Real Property Rights in Condemnation.
• Real Estate Counseling:
• Analysis, Valuation, Development Investment Counseling.
• Experience:
• Over 33 years. 21 States.
• Specializing in commercial property services, for many different concerns including analysis and valuation of various real property rights for permanent, temporary, and ROW easements condemnation proceedings in eminent domain advisory and consulting assignments to full valuation appraisals for financing of both existing and proposed projects appraisal review for lenders, litigation purposes and the various needs of corporate entities and the private client sector. Transactional management includes brokerage for acquisition and/or disposition for corporate and institutional investors, as well as for litigation advisory services and as expert witness. In addition, corporate site selection for acquisition and analysis for specific build-to-suit projects is provided to clients nationwide. Speculative investment development advisory services are also provided, including property acquisition and dispositions, leasing services and contract analysis for other real estate and real property advisory services and consulting assignments.
• Client services for acquisition and disposition, which also typically include valuation, as well as possible property management is provided to various organizations. This includes private client as well as institutions, off-site silent private property ownership and third party interests and based on fee simple estate, leased fee rights and leasehold or sub-leasehold interests. Primary line of business concerning commercial investment properties and land development. Valuation issues, and other various CRE counseling-advisory services, for private client, corporate, institutional organizations, and litigation matters is the main background of the firm. Governmental and technical support for legal work in various counseling areas for eminent domain in valuation-appraisal, acquisition, advisory and negotiation in condemnation procedures for private and public property interests has resulted in numerous testimony as an expert witness in federal courts, various district courts throughout the country and municipal or county taxing board authorities. Corporate facilities transaction management and creative marketing solutions bring the company full circle with many dedicated clientele. Valuation and related advisory services include issues involving market value, investment value, private property damages in the affect on various property rights in eminent domain through condemnation proceedings, ad valorum, and property tax assessment appeals. Contract and lease analysis, environmental and property contamination issues, professional appraisal standards review, highest and best use, market studies, feasibility studies, and various research and due diligence services are provided. Mortgage-loan analysis, underwriting procedures, and credit risk management in federally regulated commercial banking is provided to financial institutions.
• Overall property types, in valuations and transactions, involve both existing and proposed general commercial and industrial projects, retail uses including freestanding net lease facilities to regional shopping centers, tenanted office buildings, multi-family residential housing, mixed-use projects, hospitality facilities, health care facilities, development land, agricultural, special purpose-use properties public rights-of-way, easements and various real property rights in urban and rural environments. National on-site project experience in 21 states. Multiple project-management, and management of 14 employees in separate offices pre-1997.

Senior Appraisal Review Manager: ConfidentialCredit Risk Management. FHNC is the holding company of First Tennessee Bank, N.A. with national headquarters located in Memphis, TN. Senior Review Appraiser and Manager in Commercial Real Estate - Appraisal Risk Management Department. National commercial real estate appraisal reviews for all commercial lending units, all loan amounts over 1MM in loan transaction. All types of commercial property including industrial, retail, office, multi-family, subdivisions, development land, agricultural, recreational, and mixed-use projects on a national basis, all states. New and existing loans, renewals, participations, A D, and new construction. Author and publish CRE appraisal RFPs and manage bid/award process. Review and accept or reject third party appraisal reports for collateral valuation in support of loan amount and criteria. Interact with all parties to the transaction including relationship loan managers and contract appraisers. Complete special projects with senior management and assist other appraisers. Utilize and manage RIMS, Real Estate Information Management System, in all work completed under the FHNC proprietary commercial bank policy and Federal OCC regulations. Chair - Commercial Appraiser Review Committee, 2006-08.

Senior Broker Associate: Confidential Providing commercial real estate transactional brokerage services predominantly in the arena of development land and commercial investment properties. Private client and institutional projects for acquisition, disposition, leasing, and advisory services. Valuation advisory services. 2003 through 2006

Senior Broker Associate: Confidential Investment property services in commercial real estate brokerage, leasing, project management, and various real property consulting services including valuation. Build-to-suit projects from client relations to site selection, acquisition, pre-construction, contractor bids, and project management through occupancy and final lease-up responsibilities. Involved with all types of commercial property including development land, hospitality facilities, retail uses, multi-family housing, health care facilities, office, and industrial properties. Recipient of F.M. Hubbell Memorial Production Award each year. Out of the 30 agent office, appointed to represent and market for the organization of Hubbell Realty Company, the firm's 50 property industrial, office, and retail portfolio. Selected by Gateway 2000 Computer Company national marketing team as Agent for site selection and acquisitions in the State of Iowa for Gateway Country Stores . 1997 - 2002.

Managing Partner: Confidential Specializing in commercial real property valuation and consulting assignments of various property interests, appraisal review, and general real estate advisory services on a national basis. Responsible for all areas of departmental office environment including personnel, project management, appraisal review, production, staff appraisers, support staff, marketing, budgets, and operations. Part of multi-departmental 29 member organization. 1993 - 1995.

Real Estate Counselor: Confidential. Primarily involved with the appraisal and consultation of all types of real property interests. Properties appraised consisted of commercial and residential SFD, condominiums, and large high-rise multi-family apartment projects, office, retail, shopping centers, industrial, warehouse, agricultural, subdivisions of various uses, and special purpose properties. Management responsibilities regarding supervision and training of other appraisers, personnel, and computer implementation. 1979 - 1985.

Real Estate Broker Associate: Confidential. Dealt with all aspects of real estate marketing. Top producer of sales and listings at various times. Also completed various property appraisals. 1976 - 1979.

PROFESSIONAL AFFILIATIONS:

Licensed Iowa Real Estate Broker B. Certified General Real Property Appraiser, License CG01146 State of Iowa. Certified Appraiser MAI. 7640, Member of the Appraisal Institute formerly the American Institute of Real Estate Appraisers. Certified ASA, 1326, Accredited Senior Appraiser of the American Society of Appraisers, tested in Real Property/Urban. GRI, Graduate REALTOR Institute. Member of the Commercial Investment Real Estate Institute. Greater Des Moines Board of REALTORS. Iowa and National Association of REALTORS. Industrial Engineering Extension Advisory Committee, Iowa State University, 1986-1987. Real Estate Advisory Board, Des Moines Area Community College. Education Committee, Chapter 34, American Institute of Real Estate Appraisers, 1984-1987. Commercial-Industrial Committee Member of the Iowa Association of REALTORS, 1986-1989. Regional Professional Standards Panel Member of the American Institute of Real Estate Appraisers, appointment through 1991. Board of Directors, Pleasant Hill Development, Inc., 1999-2001. Listed in West's Who's Who in Real Estate and Steven's Who's Who in Real Estate, 1990-1991. Who's Who World Wide, 1995. SEAK National Directory of Experts, 2003. National Register's Who's Who in Executives and Professionals, 2004-05. Approved appraiser for U.S. F.H.A. and V.A. Better Business Bureau member.

TEACHING EXPERIENCE / QUALIFICATIONS:

Instructor of appraisal seminars, and seminar development, for the Iowa Association of REALTORS. Continuing Education Instructor for the Des Moines Public School System. Certified Seminar Instructor with the Iowa Real Estate Commission. Appraisal seminar instructor for the Iowa Certified Assessors, and various private educational companies within the CRE industry. Guest lecturer at Iowa State University, Department of Industrial Engineering. Developed and instructed seminars titled Overview of Commercial Appraisal and Cash Equivalency of Contract Financing .