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BUSINESS BACKGROUND
Maine Valuation Company. (Principal, 2000 - present) An independent commercial real estate appraisal, business valuation, review and consulting firm providing a comprehensive range of professional valuation products and services throughout Northern New England. Don presently operates a satellite office located in the Ellsworth area of Maine.
Appraisal Research Associates. (Principal Owner, 1986 - 2000) Appraised both residential and commercial properties, and land, since forming an independent fee appraisal shop in May 1986. Experienced in appraising single-family residential properties, multi-family properties, commercial and industrial properties, office buildings, vacant land, subdivisions, islands, and conservation easements.
SCOPE OF EXPERIENCE
Numerous appraisals and consulting assignments on a variety of property types in Maine, including but not limited to:
- Retail Shopping Centers - Strip, Neighborhood, Community;
- Hospitality Properties - Hotels, Motels, Bed & Breakfast, Inns;
- Residential Multi-Family Projects - Apartment Projects - Market & Subsidized;
- Mixed-Use Commercial Properties - All types of Mixed-Use properties;
- Office Buildings - Medical, Professional; Owner-Occupant & Investment Grade;
- Industrial Properties - Manufacturing, Warehouse, Distribution, etc;
- Special Purpose Properties - Self-Storage, Churches, Recreational, Institutional, etc;
- Automotive - Dealerships, Car Wash, C-Stores w/ Gas, etc:
- Restaurants - Independent and regional;
- Land/New Construction - Lots, Acreage, Subdivisions, Development Projects, etc.
CLIENT SERVICES & VALUATION PRODUCTS
The purpose of professional valuation services typically involve: purchase and sale agreements; mortgage financing; collateral evaluation; estate settlement; ad valorem taxation; mediation/arbitration; valuation of leased fee/leasehold interests; insurable value/ replacement cost studies; feasibility, marketability, and highest and best use analyses for evaluation & planning purposes.
Client services and valuation products consist of Commercial Appraisals presented in Self-Contained, Summary and Restricted Use Reports; due diligence/research studies; and private consultation. Computer literacy in Word, and Excel enhances the analytical and reporting service to clients. Professional service has been provided to numerous financial institutions, governmental agencies, insurance companies, corporations, lawyers, estates and private individuals.
Don has also qualified as an expert witness in Real Estate Valuation before Hancock & Washington County Superior Courts.
EDUCATION COMPLETED
General:
- Graduated with honors 1973, University of Rhode Island
Real Estate Appraisal Courses:
- 40 hr. Maine Real Estate Valuation Course, 1986
- Society of Real Estate Appraisers Course #101
An Introduction to Appraising Real Estate; 60 hrs, July, 1986.
- Society of Real Estate Appraisers Course #102
Applied Residential Property Valuation; 35 hrs, May, 1987.
- Society of Real Estate Appraisers Course #201
Introduction to Income Property Valuation; 60 hrs, April, 1990
- Society of Real Estate Appraisers Course #440
Professional Practice and the Society of Real Estate Appraisers; 15 hrs, November, 1990
- Appraisal Institute Course #202
Applied Income Property Valuation; 35 hrs, November, 1991
- Appraisal Institute Course #520
- Highest & Best Use and Market Analysis; 35 hrs, May, 1993
- Appraisal Institute Courses #410, 420
Standards of Professional Practice; 27 hrs, November, 1995
- Appraisal Institute Course #430
Standards of Professional Practice; 15 hrs November, 1997
- Appraisal Institute Course #530
Advanced Sales Comparison and Cost Approach; 36 hrs May, 1999
- Appraisal Institute Course #620
Sales Comparison Valuation of Small Mixed Use Properties; 16 hrs, March, 2002
Real Estate Appraisal Seminars:
- American Institute of Real Estate Appraisers -
Appraising Conservation and Preservation Easements, 1991
- USM Center for Real Estate Education
Technical Writing of Appraisal Reports; 15 hrs, February, 1992
- Midcoast Code Enforcement Officers Association
Is it Buildable? 5 hrs, February 1998
Appraisal Institute Seminars:
- Appraising Troubled Properties; 7 hrs, May 1992
- Appraising the Tough Ones; 3 hrs, July 1992
- Economic Forecast: Insights into National and Regional Markets; 3.5 hrs, July 1992
- Rates, Ratios and Reasonableness; 3.5 hrs, July 1992
- The Appraiser as Expert Witness; 2 hrs, September 1993
- Understanding Limited Appraisal & Appraisal Reporting Options 7 hrs, September 1994
- Subdivision Analysis; 7 hrs, November 1994
- Appraising Special Use Properties; 7 hrs, September 1996
- Detrimental Conditions; 7 hrs, October 1997
- Litigation Valuation Overview; 15 hrs, November 1997
- Tax Abatement in the State of Maine; 4 hrs, Feb 1998
- State Land Use Laws; 4 hrs, May 1999
- Apprasing Conservation Easements, 3 hrs, May 2003
PROFESSIONAL AFFILIATIONS
Member of the Appraisal Institute; Senior Residential Appraiser designation (SRA);
Member of the Maine Chapter of the Appraisal Institute
Chapter Offices Held:
- Director (1988-1992)
- Treasurer (1993)
- 2nd Vice President (1994)
- 1st Vice President (1995)
- President (1996)
- Ex-Officio (1997)
Affiliate Member of the Hancock - Washington Board of Realtors.
LICENSING & CERTIFICATION
- Licensed and Certified General Appraiser; State of Maine Board of Real Estate Appraisers, #CG-202
- Member of Maine Board of Real Estate Appraisers (1996-1999) (1999-2002)
- Chairman - Maine Board of Real Estate Appraisers (1998-1999) (1999-2000) (2000-2001)
PARTIAL CLIENT LIST
Various local and regional lenders
Local and regional law firms
Washington County Commissioners
University of New Hampshire
Hancock-Washington Community Agency
US Marshals Service
United States Department of the Interior
Maine Department of Conservation
Maine Department of Inland Fisheries and Wildlife
The Land for Maine's Future Board
The Conservation Fund
VA, FHA
Municipalities:
- Milbridge
- Machiasport
- Gouldsboro
- Swans Island
- Southwest Harbor
- Whiting
- Cutler
Trust for Public Land
Maine Coast Heritage Trust
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