12B — October 12 - 25, 2012 — New Jersey — Mid Atlantic Real Estate Journal


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


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 Secretary Al Crosby acrosby@insightnj.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 (Term through ’12) Joseph V. Heenan, SRA jheenan613@comcast.net Director (Term through ’12) Jackie Marmur Jackiemarmur@tonykamand.com Director (Term through ’12) Mike Rickett Mikerickett@tonykamand.com

SNJ AI holds September Dinner Meeting in Deptford October 12 - Cherry Hill, NJ — Appraising the Appraisal: Appraisal Review -- Residential October 19 - Deptford, NJ — USPAP 7-hour Update October 26 - Deptford, NJ — Business Practices & Ethics


n Thursday, Septem- ber 27th, the South- ern New Jersey Chap-

ter of the Appraisal Institute hosted its Early Fall Seminar and Dinner Meeting at the Adelphia Grand Ballroom in Deptford. Over fifty people at- tended this event, and it was very well received by all. “The State of the U.S. Real Estate Market” will be pre- sented by Peter F. Korpacz, MAI, CRE, FRICS, of Kor- pacz Realty Advisors. This seminar gives a practical look at the forces driving real estate performance. This includes how appraisers can identify & analyze them, and use creativity, insight, & market-supported reasoning to forecast their impact on real estate income streams and values. Peter F. Korpacz is celebrat- ing 50 years in the real estate appraisal, counseling, publi- cation, and research fields. He is president of Korpacz Realty Advisors, specializing in liti- gation-support, including ex- pert witness testimony. He is well known for cap rate stud- ies and valuations of regional malls for tax appeals. Mr. Ko- rpacz is the founder and origi- nal publisher of the quarterly Korpacz Real Estate Investor Survey®. He was a principal researcher and advisor for the annual Emerging Trends in Real Estate® from the 2001 U.S. issue through the 2008 U.S. issue. He is the author of numerous articles; contribu- tor to numerous real estate books and is a former edi- tor-in-chief of The Appraisal Journal. He is co-author of the article — Changing Empha-

Peter Korpacz

Chapter President Jerry McHale, MAI, during the dinner meeting portion of our event.

sis in Appraisal Techniques: The Transition to Discounted Cash Flow — cited as one of nine articles out of more than 4,000 articles published in The Appraisal Journal in its first 75 years (1932-2007) that had a “meaningful influence on the readership.” The Chapter offered a brand new seminar Appraising the Appraisal: Appraisal Review– Residential on Friday, October 12th.More than 25 appraisers attended this seminar. This was one of the first offerings in

the area, and was informative and interesting. It focused on residential appraisal review and is replete with insightful examples of residential ap- praisal review techniques. It was a not-to-miss education experience for residential ap- praisers and reviewers. For more information on the Southern NJ Chapter of the Appraisal Institute, contact Chapter Executive Director Lisa May Weiss: lisamay- weiss@hotmail.com or 856- 415-0281. n

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