28 — January 13 - 26, 2012 — New Jersey — Mid Atlantic Real Estate Journal

MARE journal.com

Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952

For a great educational and social event Lunch meeting brings chapter members together

Southern NJ Chapter Appraisal Institute 2012 Chapter Officers President Jerome McHale, MAI jmchale@jmchaleassoc.com Vice President Jacob Ramage, MAI jake.ramage@cushwake.com Treasurer Kristin Mansfield kristin.mansfield@td.com Director (Term through ‘14) James Carr carrappraisals@aol.com Director (Term through ‘14) John T. Stone, MAI jtstonemai@verizon.net Director (Term through ‘13) Jerrold McCarron jermccarron@gmail.com Director (Term through ’13) Michael S. Sapio, MAI northstarappraisal@msn.com Director (Term through ’12) Ed Kay edkayinc@comcast.net Director (through ’12) Joseph V. Heenan, SRA jheenan613@comcast.net Secretary Al Crosby acrosby@insightnj.com

Shown left: Michael Hedden, MAI, CRE, FRICS


he SouthernNJChap- ter of the Apprais- al Institute mixed

related enterprises. He has appraised properties inmany U.S. states. Purposes have

nar. The presenter also of- fered a framework for evalu- ating fair value. (Acopy of his

up the calendar and shook things up a bit in November when they offered a lunch meeting with seminar on November 22nd. As custom- ary, the event was held at the Adelphia and brought many chapter members together for a great educational and social event. The seminar, “Valuation for Financial Reporting,” was created and presented by Michael Hedden, MAI, CRE, FRICS, who is a Past Presi- dent of the Metro New Jersey Chapter. He is a managing director in the FTI Real Es- tate Solutions practice and is based in New York. He specializes in providing valu- ation, litigation support and expert testimony services for clients. He is a knowledge- able real estate expert with over 30 years of experience in all aspects of the market analysis and valuation of real property. He has experience in the appraisal of industrial, commercial, residential and special purpose property in- cluding hospitality, hospital and healthcare facilities. He has developed broad ex- perience in the valuation of properties with detrimental conditions and is a recog- nized expert in the valuation of property suffering from en- vironmental contamination. Hedden has experience in the valuation of investment and user-based specialized real estate and real estate-

The first Chapter dinner meeting event for 2012 will be Thursday, January 19th at the Adelphia Restaurant.

included property tax, fi- nancial reporting, financing, purchase or sale, insurance, fair rental, tax reporting, condemnation, and donation. Prior to joining FTI Con- sulting, he was a managing director with American Ap- praisal and also was formerly a director for CBIZ Valuation Group, LLC. For many years, accoun- tants and auditors have relied on the work provided by experts – or specialists – to help them determine appropriate financial report- ing amounts and disclosures. Real estate appraisers are valuation specialists in the area of real property. This 2-hour seminar outlined the importance of the appraiser as a real property valuation specialist. Hedden outlined the need for specialists, valu- ation standards, reporting VFR assignments, and the importance of a good rela- tionship with financial report preparers. Topics such as market-to-market account- ing and FinancialAccounting Standards were addressed as well in this informative semi-

powerpoint presentation is available by contacting Lisa Weiss with the Chapter.) A wonderful buffet lunch followed the seminar, and the afternoon event was con- cluded with the last Board of Directors meeting of the year. The first Chapter dinner meeting event for 2012 will be Thursday, January 19th at the Adelphia Restaurant. More information on this event is found later in this newsletter. Please plan to join us for this and many other great Chapter events in 2012. Aspecial planning note: We will offer enough CE cred- its so that you NEVER have to take another CE class with anyone other than your Southern NJ Chapter! If there is some- thing you would like to see the Chapter offer, a topic you need covered …. Let us know now! Contact Lisa Weiss at lisamayweiss@hotmail.com or 856-415-0281 and she will try to make it happen! ■

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