18B — November 8 - 21, 2013 — Financial Digest — Mid Atlantic Real Estate Journal
www.marejournal.com
Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952
n Wednesday, November 20, the Southern New Jersey Chapter of the Appraisal Institute will hold its last dinner meeting of the year. The event will be at theAdelphia Restaurant in Deptford, and will feature speaker JayWhite, At the Adelphia Restaurant in Deptford Education rounds out the year & starts 2014 O
Southern NJ Chapter Appraisal Institute 2013 Chapter Officers President Jacob Ramage, MAI jake.ramage@cushwake.com Vice President Pamela Brodowski, MAI Treasurer Al Crosby acrosby@insightnj.com Secretary Jerrold McCarron, MAI jermccarron@gmail.com
MAI. Capital Markets, the Economy & their Impact on Commercial Real Estate is a 2-hour seminar, starting at 4pm. Dinner and a brief business meeting immediately follow the seminar. The recession that began in December 2007 and resulting financial meltdown has been painful for many professionals in commercial real estate. The credit market’s dislocation caused losses for bor- rowers and lenders and commercial real estate languished. After economists declared the recession was over midyear 2009, the economy hit a soft patch in the first half of 2011. Commercial real estate has
Jake Ramage, MAI, is 2013 and 2014 Chapter President.
benefited from improving market fundamentals and increased market liquidity since mid-2010 to date. Nonetheless broader global financial issues, economic challenges and resolution of a host of issues in Washington still all need to be worked out. Discussion points in this seminar include the impact of the economy, credit markets, and real estate fundamentals and how they all influence commercial real estate investment activity. We’ll talk about the main driving forces involved in the capital markets and the need for liquidity within the commercial real estate market in order to foster transaction activity. We’ll cover the various phases of the property-market cycle, current direction of property prices, and risk/return yields. Jay White is the President of Apex Realty Advisory. He has almost 25 years of real estate valua- tion, advisory, and consulting experience serving private, corporate, institutional and governmental clients, in a wide diverse field of industries, within the US and internationally. Before starting Apex Realty Advisory, Jay was a managing director within the Real Estate Valuation & Consult- ing Practice of Duff & Phelps, LLC in Philadelphia. Prior to that Jay was an executive director and Mid Atlantic leader of the Transaction Real Estate (TRE) Group in the Philadelphia office of Ernst & Young LLP for twelve years. THE CHAPTER OFFERS BEGINNING EDUCATION! If you or someone you know is interested in becoming an appraiser, we have the classes you need to get started. Basic Appraisal Principles will be held Saturdays at the beginning of the year: January 11, 18, 25, Feb. 1, 2014. This four-day course will introduce you to real property concepts and character- istics, legal considerations, influences on real estate values, types of value, economic principles, market area analysis, highest and best use, and ethical considerations. The course should provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue. By successfully completing the course and exam, you will have met most states’ education require- ments in the content area identified as basic appraisal principles. If you are considering a career in professional valuation services, your journey should begin with Basic Appraisal Principles. The second course in the series, Basic Appraisal Procedures, follows on Feb. 22, March 1, 8, 15, 2014. This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, market area analysis, highest and best use, and ethical considerations. The course will provide a solid founda- tion in basic appraisal procedures no matter what appraisal specialty you pursue. By successfully completing the course and exam, you will have met most states’ education requirements in the content area identified as basic appraisal principles. If you are considering a career in professional valuation services, your journey should begin with Basic Appraisal Procedures. Both classes are instructed by Edward T. Molinari, SRA, and the classes will be held inWoodbury (Gloucester County.) For more information, email Lisamayweiss@hotmail.com. The Appraisal Institute is a global association of real estate appraisers, with more than 23,000 valuation professionals in nearly 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies and practices through the profes- sional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Appraisal Institute profes- sionals benefit from an array of education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. n
Director (Term through ’15) Errett Vielehr
Director (Term through ’15) Robert Kirwan, SRA
Director (Term through ’15) Jackie Marmur Jackiemarmur@tonykamand.com
Director (Term through ’14) James Carr carrappraisals@aol.com
Director (Term through ’14) John T. Stone, MAI
Director (Term through ’13) Bonnie Longo, MAI , SRA
Director (Term through ’13) Michael S. Sapio, MAI northstarappraisal@msn.com President Ex Officio Jerome McHale, MAI jmchale@jmchaleassoc.com
Made with FlippingBook - Online magazine maker