By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. Besides lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. Suggested solution strategies for these assignments will be provided.
Upon completion of the seminar, participants should be able to
- Utilize a land residual technique based on a DCF analysis to value land intended for two alternative competing uses (“for rental” apartments versus “for-sale” condos).
- Determine the highest and best use of land when the legally permissible, physically possible, and financially feasible use(s) are very uncertain and cannot be determined using traditional methodologies.
- Determine land value when its value is a function of a curvilinear relationship with its appropriate unit of comparison (in this case the value of land suitable for apartment development as a function of density).
- Determine land rent using a non-traditional unit of comparison (in this case land rental value based on average traffic volume).
- Estimate the value of land subject to a long-term ground lease with multiple forms of financial benefits accruing to the land owner.
Instructor: Stephen Roach, MAI, SRA, AI-GRS
AI Fee: $195, Standard Fee: $215
Approved 7 Hrs CE Credit Alabama Real Estate Appraisers Board
Approved 6 Hrs CE Credit Alabama Real Estate Commission
Consider staying over an extra day and attending the 2nd Annual Valuation Symposium to be held at Rosewood Hall that Friday April 26th.
We are excited to welcome back Steve Roach, MAI, SRA, AI-GRS, KC Conway, MAI, Chief Economist for the CCIM Institute, and Director of Research & Corporate Engagement with the Alabama Center for Real Estate, and John Norris, Managing Director of Wealth and Investments for Oakworth Capital Bank. It is also a true honor to announce that two former Alabama Chapter members will be returning to Birmingham to speak for us in 2019: Dr. Alan Tidwell, Associate Professor of Finance and Alabama Association of Realtors Chair of Real Estate Culverhouse College of Business, University of Alabama, Brian Hilson President and Chief Executive Officer of the Birmingham Business Alliance and Joel Baxley, MAI, Administrator of Rural Housing Services, for the U.S. Department of Agriculture.
The Aloft Hotel is across the street from Rosewood Hall. There is a group rate of $139+tax per night. Deadline to book is April 3, 2019. Call to register at 1-877-822-1111, ask for Alabama Chapter Appraisal Institute April Meeting or Click Here. Rate is good for 4/24, 4/25, 2019
The Alabama Chapter of the Appraisal Institute invites you to join us for the 2nd Annual Valuation Symposium in Birmingham, Alabama. This all-day event will feature presentations from nationally recognized economists, developers and appraisers. Sessions will focus on the Global Economy, Economic Development in Alabama and the Valuation Profession.
Topics of discussion include:
“Overview of the Macro Economy of the United States– An analysis of current economic conditions, monetary and fiscal policy, and a discussion on the state of the Global Economy”.
Speaker: John Norris-Managing Director Wealth & Investments Oakworth Capital Bank.
“The Next Generation of CRE Disruptors for Appraisers to Prepare for – From Adaptive Reuse to CRE Finance Disruption to Logistics” – Discussion of NexGen of CRE, what is Adaptive Reuse, CRE finance cycles and what does higher interest rates foretell of cap rates.
Speaker: KC Conway, MAI, CRE-Economist Culverhouse College University of Alabama and Chief Economist for the CCIM Institute.
“Economic Growth in the Birmingham Region”– Learn about recent economic development in the Birmingham area and discover how Birmingham is changing from a demographic and statistical standpoint.
Speaker: Brian Hilson, President & Chief Executive Officer of the Birmingham Business Alliance
“The Value of Curb Appeal: A Machine Learning Approach” – What is the motivation and relevance of curb appeal? How do we score curb appeal housing data?
Speaker: Dr. Alan Tidwell, Associate Professor of Finance and Alabama Association of Realtors Chair at the University of Alabama
“Role of USDA’s Rural Development in Supporting Rural America” – Overview of Rural Housing Development Program areas: Single Family Housing (SFH), Multi-family Housing (MFH) and Community Facilities (CM). Rural Housing Services and Appraisals.
Speaker: Joel Baxley, MAI Rural Housing Service Administrator USDA
“What Does & Does Not Work for Appraisers at Deposition and Trial” – What are the 9 milestones to a good verdict? Discussion of the do’s and don’ts for the 9 milestones. The disposition and the trial are not the same thing.
Speakers: Stephen Roach, MAI, SRA, AI-GRS
Approved 7 hours CE Credit Alabama RE Appraiser Board
Approved: 6 hrs Alabama Real Estate Commission
Approved: 7 hrs Georgia Appraisers CE
Approved: 7 hrs Georgia Real Estate CE
Applied: 7 hrs Mississippi Appraisers CE
Applied: 7 hrs Tennessee Appraisers CE
Approved for Alabama Attorneys: This course or a portion thereof has been approved by the Mandatory Continuing Legal Education Commission of Alabama for a maximum of 6.0 hours’ credit, including 0 hours of ethics.
We are excited to have the man who wrote the book on appraising damaged property Dr. Randall Bell, MAI a socio-economist and the CEO of Landmark Research Group, LLC. Man made and natural disasters damage or destroy numerous properties each year, which in turn create valuation – or diminution-in-value issues for appraisers. This includes environmental, wildfires, hurricanes, floods, earthquakes, tornadoes and so forth. This seminar, will cover the basic components of appraising damaged real estate, and examine the valuations methodologies in general. Dr. Bell has consulted on the World Trade Center, the Flight 93 Crash Sites, the BP Oil Spill, Hurricane Katrina, the Nuclear Testing on the Bikini Atoll and several tragedies including Jon Benet Ramsey, OJ Simpson and the Heaven’s Gate mass suicide mansion. His research has taken him to all 50 states and the seven continents.
Instructor: Dr. Randall Bell, PhD, MBA, MAI
Dr. Bell specializes in real estate damage economics and valuation. This includes environmental, geotechnical, construction defects, natural disasters, eminent domain and other conditions involving a wide variety of property types. He is experienced in complex valuation and diminution-in-value studies and damage issues for government, major corporations, oil and utility companies and property owners. He is licensed in various states and has testified as an expert in multiple courts. He is the author of numerous books including “Real Estate Damages” 3rd edition.
Registration includes a Catered Fish Fry Dinner for two starting at 6:00pm at the seminar location. (Extra guest $10 a person or $20 for family due at dinner).
Approved for 7 hours CE Credit Alabama RE Appraiser Board
Approved for 7 hours CE Credit Mississippi Appraisal Board
Approved for 7 hours CE Credit Florida RE Appraisers Board
Approved for 7 hours CE Credit Tennessee Real Estate Appraiser Commission
Approved for 7 hours CE Credit Georgia Real Estate Appraiser Board
Approved for 7 hours CE Credit Georgia Real Estate Commission
Approved for 6 hours CE Credit Alabama Real Estate Commission