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2023 Commercial Symposium: Appraising Unique and Special Purpose Properties

November 30, 2023 @ 8:30 am - 4:00 pm

The ZOOM link was sent around 12:05pm (Pacific Time) on Tuesday, November 28 to all confirmed registrants who provided their photo IDs in advance.  Links can ONLY be sent to those who have provided their Photo IDs to lisa@norcal-ai.org.  Registrants will want to check all of their email accounts as well as spam/junk folders for this important information; especially the email address listed in your Appraisal Institute MyAccount portal.

Not yet registered?
There is still time to join us for a 6-hour synchronous offering (via ZOOM) – no commute, no parking, no hassle!


Just what are unique and special purpose properties?

Special Purpose Property: A property with a unique physical design, special construction materials, or a layout that particularly adapts its utility to the use for which it was built.
The Dictionary of Real Estate Appraisal

As appraisers we face a myriad of challenges each day in this profession.  There are lots of examples of unique or limited purpose properties that we can put into this category.  They provide insights into how appraisers could handle future unique assignments.  Or, not.  We will take a somewhat broader understanding of the professional challenges faced by real property appraisers.  There are unique properties with characteristics that appeal, or have economic usefulness and value, to a very limited field of potential market participants.  We will look at examples of those assignments.

Physical, economic, and financial market conditions can turn what might have been considered more conventional properties into “troubled” or “under-performing” challenging valuation assignments.  Whether you are a trainee, or a seasoned veteran residential or commercial appraiser, you will be asked to take on challenging assignments.  We will look at examples of those assignments.

Topics include

  • A Look at Challenging Assignments with Special Considerations:  What Makes these Assignments Different and Just How Different are They?
  • Market Trends and Challenging Property Types:  Retail 
  • What is Happening in Today’s Office Market? A U.S. Capital Markets Perspective and Deep Dive into San Francisco Office
  • An Introduction to Partial/Minority Interest Valuation
  • Financing and Underwriting Challenges
  • Using Drones in a Residential or Commercial Appraisal Setting: Opportunities & Regulations

Presenters include
Garrick Brown, VP, Real Estate Intelligence & Business Development, Gallelli Real Estate
Derek Daniels, Regional Research Director | Bay Area, Colliers International
Bradford MacLane, MAI, AI-GRS, ASA, MacLane and Company, Inc.
Joe Cormier-Knopp, MAI, AI-GRS, MacLane and Company, Inc.
Lamar Ellis, MAI, SRA, Drone Education Services
Greg Bronshvag, President, Sequoia Mortgage Capital, Inc.
Paul E. Chandler, MAI, Founder & CEO, Property Sciences
Aaron Jodka, Director of Research, U.S. Capital Markets, Colliers
Marc R. Thompson, CRE, Senior Vice President, Mechanics Bank


A Special Note About Registering:

  • Never attended an Appraisal Institute Offering or not yet updated your password / log-in since October 1, 2019 – follow these simple steps before registering.
  • Those seeking credit from states outside of California are strongly encouraged to check directly with their state licensing board(s) to confirm that the specific state(s) will (1) accept synchronous (formerly virtual / classroom education), (2) accepts education from an out-of-state provider and/or (3) offers reciprocal credit if the offering is approved by the CA BREA.
  • This synchronous program is approved for 30 points of Appraisal Institute CEC.  Approved for 6-hours of BREA CEC (#23CP754601561).  The State Board of Equalization (SBE) no longer requires CAR #’s for assessors.  Assessors should check with their individual county Training Officers or BOE directly with any questions.
  • Instruction will be held synchronously via Interactive Technology (ZOOM)
  • It is the student’s responsibility to have the required equipment – dependable Internet access, computer, webcam and microphone, agrees that attendance will be monitored and to forward their Photo ID/ Driver’s License to the Chapter Office upon completing your online registration.


Still Time to Join Us
Appraisal Institute Designated Members, Candidates and Affiliates – $175
Standard / Non-AI Professionals – $200


Sponsors
Sponsorship includes up to 5 complimentary registrations – Learn more
Property Sciences
MacLane and Company

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