QUALIFICATIONS OF ROBERT D. WRIGHT, MAI MULTIFAMILY

QUALIFICATIONS OF ROBERT D. WRIGHT, MAI MULTIFAMILY

QUALIFICATIONS OF
ROBERT D. WRIGHT, MAI
MULTIFAMILY VALUATIONS
11 S. Brookside Road, Springfield, PA 19064
(610) 543-0303 Fax (610) 543-5978
Email: [email protected]
Specializing in multifamily properties with over 2,000 assignments completed involving over $10 billion in asset
values, relied upon by lenders, the secondary mortgage market, government agencies, investors and others.
APPRAISER CERTIFICATION
Delaware: Certified General Real Property Appraiser # X10000092
Maryland: Certified General Real Estate Appraiser # 10024
New Jersey: State Certified Real Estate Appraiser # 42RG00086900
Pennsylvania: General Appraiser Certification # GA - 000049 - L
HUD Approved Appraiser by Philadelphia, Newark, Baltimore and Richmond Field Offices. Assignments previously
performed for HUD Headquarters-DC.
EDUCATION
American University, Bachelor of Science, Political Science, cum laude with departmental honors;
Undergraduate Real Estate Certificate, 1976
SPECIALIZED EDUCATION
CONTINUING EDUCATION EXCERPTS
AIREA Course 1A - Basic Appraisal Principles, 1975
Real Estate Investment Strategy, American University, 1975
Real Estate Law, American University, 1976
AIREA Course 1B - Capitalization Theory & Techniques, 1976
AIREA Course 2 - Urban Properties, 1977
Boeckh's Building Cost Estimating Courses I & II, 1978
AIREA Course 7 - Industrial Valuation, 1982
SREA - Market and Marketability Analysis, 1984
AIREA Hotel/Motel Valuation, 1986
AIREA Standards of Professional Practice, 1987
AIREA R - 41(C) Seminar, 1987
AIREA Course - Case Studies in Real Estate Valuation, 1987
AI Affordable Housing Valuation, 1997
Mark to Market Seminar, 2002
AI Business Practices and Ethics, 2007
AI Online Analyzing Distressed Real Estate, 2007
Advanced Real Estate Investment Analysis, 2008
Environmental Due Diligence at Environmentally Impaired
Sites, 2008
Green Technology and Real Estate, 2009
Appraising the Appraisal Business, 2009
Appraisal Curriculum Overview , 2010
Distressed Real Estate Law, 2010
Advanced Like-Kind Exchanges of Properties, 2010
Contemporary Investment Opportunities, 2010
Investing in Real Estate through Self-Directed Retirement
Accounts, 2010
Discovery Issues and Challenges Facing Testifying
Appraisers, 2011
AI USPAP Update Course, 2014
PA State Regulations, 2011
ASSOCIATION MEMBERSHIPS
Member, Appraisal Institute (MAI) #6565 (Philadelphia Metro Chapter President 2000)
PROFESSIONAL AFFILIATIONS & LICENSES
Licensed Broker, Pennsylvania Real Estate Commission.
Pennsylvania Council of Real Estate Appraisers, Inc. (President 1991)
COURT QUALIFICATIONS
Qualified as expert witness in Tax Appeal Court, State of Maryland.; Prince William County, VA; Chester County, PA
Qualified as expert witness in U.S. Bankruptcy Court for Eastern District of Pennsylvania and Washington, DC
Rev. 1/28/2014
HISTORY OF EMPLOYMENT
June 1984 to Present
July 1981 to May 1984
May 1974 to July 1981
Self-Employed Appraiser/Consultant, Springfield, PA
Self-Employed Appraiser/Consultant, Washington, DC
Associate Appraiser with John J. Shank, MAI, Silver
Spring, MD, serving the Washington, DC Metro area
TYPES OF ASSIGNMENTS
Completed since 1974 with a specialty in multi-family properties:
Apartments (Narrative, FHLMC, FNMA/DUS, HUD)
Cooperative and Condominium Conversions
Portfolio Valuations
Market/Absorption Studies
Affordable Housing & Tax Credits
Discounted Cash Flow Analysis
Institutional Properties, Office Buildings
Shopping Centers, Warehouses
Mortgage Financing
Tax Appeals
Feasibility Analysis
Expert Testimony
Development Analysis
Zoning Studies
Rent Studies
Asset Management
PARTIAL LIST OF CLIENTS AND FINANCIAL INSTITUTIONS SERVED
AGM Financial Services
AIMCO
Arbor National Commercial Mortgage, LLC
ARCS Commercial Mortgage Co., LP
Bank of America
Borger Management
Bulls Capital Partners
Capmark Finance
Century Corporation
Centerline Capital Group
CT Management
Columbia National Real Estate Finance
CW Funding LLC
DC Dept. of Housing and Community Dev.
DC Development Corporation
Deutsche Bank Berkshire Mortgage
Dittmar Company
Dorman & Wilson, Inc.
Edgewood Management
Eichler Fayne & Associates
Enterprise Mortgage Investments
FannieMae
Federation Housing
Freddie Mac
GMAC Commercial Mortgage Corporation
Green Park Financial
Greystone Servicing Corporation
HOC of Montgomery County, MD
JBG Associates
KeyCorp Real Estate Capital Markets
Lancaster Pollard
Links Mortgage
Love Funding
M&T Realty Capital Corporation
Maryland Housing Fund
Mid-City Financial Corp.
National City Bank
National Cooperative Bank
National Penn Bank
PNC Multifamily Finance
Prudential Mortgage Capital Company
Re-Capitalization Advisors, Inc.
Red Mortgage Capital
Rockport Mortgage Corporation
Shelter Development
Southern Management Corporation
William C. Smith & Co.
U.S. Department of Housing & Urban Development
Wachovia Multifamily Capital
Wells Fargo Multifamily Capital
REIT Financing appraisals have been prepared for lenders for the following organizations:
Equity Residential (Zell)
Avalon Properties
Town & Country
Archstone/Charles E. Smith
Home Properties
AIMCO
Rev. 1/28/2014
DEVELOPMENT EXPERIENCE – ACQUISITION & RENOVATION
200 unit HUD 236 property, Mayflower Crossing, Wilkes Barre PA - www.mayflowercrossing.com
88 unit HUD 221 D3 property, Northridge Townhomes, Pleasantville NJ - www.northridgeth.com
90 unit six story market rate senior project, Claymont, DE – www.riverclubde.com
70 single-family LIHTC Post 15 project, Shippensburg, PA – www.harvestsquarehomes.com
48 unit market rate garden apartment, Middletown, DE – www.middletownmanor.com
70 unit LIHTC Post 15 townhouse and garden apartment, Middletown, DE – www.greenlawnapartments.com
36 lot subdivision, Loma del Mar Surf Club, Hermosa, Costa Rica - www.lomasurfclub.com
80 lot subdivision, Ranchos Las Lomas, Parrita, Costa Rica - www.ranchoslaslomas.com
Rev. 1/28/2014