Colorado's Most Complete. . .

Martin Steven Kane

Martin Steven Kane MAI M.S.

303-663-6735 OFFICE

303-437-1651 CELL

 

APPRAISAL PROFESSIONAL EXPERIENCE:

The Certified Group (2010 to Present)

Commercial Appraiser

Appraisal of commercial properties, including resort, office, retail, industrial, planned mixed-use developments, residential subdivisions, lodging, shopping centers, vacant land, places of worship and other commercial property types.  Geographic scope includes Denver metropolitan area and other Front Range markets (such as Colorado Springs and Fort Collins-Loveland).

 

Wildrose Appraisal Inc. (2008 to Present)

Commercial Appraiser

Appraisal of commercial properties, including resort, office, retail, industrial, planned mixed-use developments, residential subdivisions, lodging, shopping centers, vacant land, places of worship and other commercial property types.  Geographic scope includes Colorado mountain resort counties, Denver metropolitan area, other Front Range markets (such as Colorado Springs and Fort Collins-Loveland), and western slope markets in Colorado.

 

Rocky Mountain Valuation Specialists (1997 to 2007)

Commercial Appraiser/Valuation Modeler/Mass Appraiser

Appraisal of commercial properties, including office, retail, industrial, planned mixed-use developments, residential subdivisions, lodging, shopping centers, vacant land, places of worship and other commercial property types.  Lead work on regional and market analysis.  Statistical analysis includes market trend analyses and econometric modeling of commercial sub-markets.  Lead commercial appraisal and quality control manager for commercial appraisal services.  Mass appraisal experience in commercial, agricultural and residential real estate databases. Geographic assignments include all of the Colorado Front Range, all mountain resort counties, major eastern plains counties and major western slope counties.

 
MASS APPRAISAL / VALUATION MODELING EXPERIENCE:

Colorado Property Assessment Audit Project (2002 to Present)

Statistical compliance analyst for projects. Duties included sale ratio verification of residential, commercial, and vacant land valuations for assessors in every Colorado County.  Analysis also included sold/unsold analysis and market trending validation.  Verification based on IAAO standards. Presented findings to State Board of Equalization and individual counties. Developed training materials and presentations for county assessment staff. Significant interaction with assessor staff covering data and compliance issues.  Worked with Colorado Division of Property Taxes on compliance matters and training.  References available on request.  

 
STAT Residential AVM
(2004 to 2007)

Developed residential valuation models for California, Colorado, Arizona and Nevada. Valuation process included all stages of model development from raw data editing through valuation of properties and outcome evaluation. Designed comparable selection process and weighting, as well as training materials and validation reports. Developed valuation algorithms for modeling of single family, town home and condominium properties.  Valuation coverage averaged over 90% in most markets.  Over 70% of sold properties modeled fell within +/- 10% of sale price.  Over 7 million properties modeled.  Developed sale updating process to maintain accuracy of models.   Extensive programming experience using SPSS to process and model sale data.

 

Farm Credit Services of America AVM Development (2006 to 2007)

Developed agricultural automated valuation models for Iowa, South Dakota, and Nebraska using agricultural sale data.  AVM modeling focused on agricultural cropland.  Modeling developed as an added module to Farm Credit Services of America’s (FCSA) ValueSource system.  Developed training materials and trained appraisal staff of FCSA.  Presented valuation findings to senior leadership team of FCSA.  Worked with FCSA appraisal team to calibrate and refine models.  Developed sale updating process to maintain accuracy of models.  

 

Commercial Portfolio Valuation (2002 to 2007)

Provided commercial portfolio modeling services for Cushman and Wakefield (C&W).  C&W clients included Wal-Mart, Nations Bank, Bank of America, Cumberland Farms, Pep Boys, Toys R Us, and other national clients.  Several portfolios were securitized by Wall Street firms based on portfolio model.  Services included appraisal sampling determination, statistical modeling, and report preparation, as well as onsite consulting with Cushman and Wakefield clients.  Consulted with C&W clients to review scope of work and results.  References available on request. 

 

AVM Seminar  (2002 - Present)

Developed AVM Seminar for Appraisal Institute.  Taught seminar for Appraisal Institute chapters, including those in Northern California, upstate New York, northern Florida, northern Ohio, and Reno, Nevada, as well as organization such as the Professional Appraisal Association for South Dakota.  Seminar was a one-day seminar that covered all facets of appraisal valuation modeling.  References available on request.

 

Valuation Research Corporation (1995 to 1997)

Valuation modeler for ValueCheck®, an automated valuation product marketed and developed by Valuation Research Corporation. Primary duties included the design, implementation, and analysis of over 3,000 residential valuation models that covered the 6 Denver metropolitan counties, El Paso, Pueblo, Larimer, Eagle and Summit Counties in Colorado, as well as Maricopa and Pima Counties in Arizona.  Presented and trained client staffs on implementation of ValueCheck®, as well as co-authored user manual.

 

City & County of Denver, Colorado  (1988 - 1990)

Progressively greater responsibilities in all facets of residential and multi-family mass appraisal using Cole Layer Trumble system; modeled multi-family residential properties in Denver County; functioned as tax protest contact with general public; presented assessment case data in hearings involving public tax protest.

 PUBLICATIONS:

Textbooks:

 “Practical Applications in Appraisal Valuation Modeling” Principal Author:  2004 Publication by the Appraisal Institute

 “A Guide to Appraisal Valuation Modeling” Principal Author: 2000 Publication by the Appraisal Institute

         Periodicals:

 “The Application of Statistical Analysis”, Valuation Insights and Perspectives, Third Quarter, 2000.

 "Appraisers and Statistics: Adaptation or Extinction", Valuation Insights and Perspectives, Winter, 1996.

 EDUCATIONAL BACKGROUND:

 Appraisal Institute (1998-Present):

            Courses

120 - General Appraisal Procedures (Houston TX, 10/98)

            310 - Basic Income Capitalization (Houston TX, 03/99)

320 – General Applications (Boulder CO, 06/99)

            410 – Professional Standards Part A (Omaha NE, 04/99)

            420 – Professional Standards Part B (Boulder CO, 06/99)

            510 - Advanced Income Capitalization (Minneapolis MN, 07/99)

            520 – Highest and Best Use/Market Analysis (Tempe AZ, 08/99)

            530 – Adv Sales Comparison & Cost Appr Analysis (Kansas City MO, 10/04)

            540 – Report Writing and Valuation Analysis (Edison NJ, 08/00)

550 – Advanced Applications (Houston TX, 05/00)

  • AWARDED MAI DESIGNATION IN JANUARY 2010

 
Seminars/Workshops

Litigation (San Antonio TX, 06/98)

            Highest and Best Use: Commercial Case Studies (Orlando FL, 06/99)

            Conservation Easements (Las Vegas NV, 06/00)`

            Gen Demonstration Report Writing Seminar (Dallas TX, 11/00)

            Instructor Leadership and Development Conference (Atlanta, GA, 02/02)

            URISA Conferences (Reno, NV 04/02 / Columbus, OH, 04/03)

            FNIS Conference (Laguna Beach, CA, 06/03)

            Predictive Methods Conference (Newport Beach, CA, 06/03)

            Appraisal Summit (Washington DC, 2003)

 International Association of Assessment Officers (1988-1989):

            Course 1: Fundamentals of Real Property Appraisal (Denver CO, 09/88)

            Course 2: Basic Income Capitalization (Denver CO, 09/89)

            Course 300: Fundamentals of Mass Appraisal (Phoenix, AZ, 03/02)

 Other Coursework:

            USPAP, EGOS (Denver CO, 02/98)

            Small Residential Income Properties, Univ of Colo (Denver CO, 04/98)

            Conservation Easements, ASFMRA (Las Vegas NV, 07/00)

            USPAP 2000 Update, EGOS (Denver CO, 12/00)

            General Comprehensive Examination Workshop (Dallas TX, 02/01)       

Modeling Vacant Land & Commercial Properties w/SPSS (Denver CO, 02/02)

            Valuation of Conservation Easements (Sacramento, CA, 02/08)

            Eminent Domain and Condemnation (Denver, 12/08)

            Market Analysis and Conditions - The Statistics (Aurora, 03/10)

            Cost Approach Fundamentals (Aurora, 04/11)

            General Curriculum Overview (Aurora, 11/11)

 University of Saint Thomas, Minneapolis, Minnesota (2001-2009):

Master of Science, Real Estate Appraisal; graduated May 2009.

MSRA 610-21 Legal Issues in Valuation

            MSRA 610-51 Special Topics in Appraisal

            MSRA 610-41 Urban land Economics

            MSRA 610-61 Statistical Analysis

            MSRA 610-31 Effective Communication

            MSRA 610-11 Market Analysis

 University of Colorado (1991-1995):

15 hours of Statistical Analysis coursework at the Masters degree level, including Regression Analysis, Descriptive Analysis, and Inferential Analysis.

 University of Colorado at Denver (1982-1985):

24 hours of Economics coursework at the Masters Degree level, including Econometrics, Regional Economics, Applied Economic Theory, and Urban Economics.

 Regis University, Denver, Colorado (1976-1980):

Bachelor of Science in Economics; Applied Mathematics minor; graduated Cum laude with honors, recipient of Joseph A. Ryan Award in Economics, 1980.

PROFESSIONAL DESIGNATIONS/ASSOCIATION MEMBERSHIPS:

             Appraisal Institute:

                        MAI                            2010-Present

                        General Associate    1999-2010

                        Affiliate                     1998-1999

            International Association of Assessing Officers

                        Member 1988-1990, 2002- Present

             Colorado Board of Real Estate Appraisers

                        Colorado Certified General

                        Appraiser #CG40013915

                        Certified through December 31, 2014


                                               Most recent USPAP 7-Hour Update – April 2012

 

                 MAJOR APPRAISAL ASSIGNMENTS/CLIENTS

 Roaring Fork Transportation Authority

FDIC

City of Colorado Springs

Colorado Springs Utilities

Bank Midwest

Bank of the West

Firstbank of Colorado

Town of Crested Butte

Crested Butte Land Trust

Bank of Colorado

Cushman and Wakefield

Bank of America

State of Colorado, Legislative Council

Colorado Business Bank

Colorado Capital Bank

Community Banks of Colorado

Haginas and Chapman

Compass Bank

Solera National Bank

Heart of the Rockies Regional Medical Center

   
                           
                           MAJOR APPRAISAL ASSIGNMENTS

 Soda Springs Resort, Soda Springs, California

Granby Ranch, Granby, Colorado

Monument Ridge, Monument, Colorado

Santa Fe Springs, Colorado Springs

Countryside North, Fountain, CO

Riverwalk Development Site, Steamboat Springs, CO

Aidan’s Meadow, Eagle, Colorado

Forest Meadows, Colorado Springs, CO

The Shores at Highlands, Breckenridge, CO

Peak 7, Breckenridge, CO

Shock Hill Lodge and Spa, Breckenridge, CO

West Braddock Site, Breckenridge, CO

Eagle Ranch, Eagle, CO

Buckhorn Valley, Gypsum, CO

Residence at Little Nell Site, Aspen, CO

Hidden Mine Ranch, Crested Butte, CO

The Seasons, Montrose, CO

Orvis Shorefox, Granby, CO

Rendezvous, Fraser, CO

Lakota, Winter Park, CO

Grand Elk Ranch and Club, Granby, CO

Snake Canyon Ranch, Jackson, Wyoming

The Wellington Neighborhood, Breckenridge, CO

Stratton Flats, Gypsum, CO

Eagle’s Nest Commercial Dev, Eagle, CO

Windwalker, Gypsum, CO

The Lodge at Aspen Mountain, Aspen, CO

Grand Park, Fraser, CO

The Conservatory, Aurora, CO

Signature Vistas, Loveland, CO

SolVista Golf and Ski Ranch, Granby, CO

Ravenna, Douglas County, CO

Canyon Ranch, Crawford, CO

Red Rock Plaza, Carbondale, CO

Willowstone Chalet, Colorado Springs, CO

Parker Station, Parker. CO

Morningstar Preserve, Aspen, CO

The Sardy House, Aspen, CO

Saddle Ridge, Gypsum, CO

Adams Rib PUD, Eagle, CO

Westwood Retail Center, Arvada, CO

 PROFESSIONAL REFERENCES:

 James Bittel, President

Wildrose Appraisal Inc.

602-663-0076

 David McArdle, MAI

Managing Director – Cushman & Wakefield

212-841-7789

 George Rago, MAI

Managing Director – Cushman & Wakefield

212-841-7851

 Randall Hoffman

Branch President/Denver Metro Branch – Bank of Colorado

303-989-8601

 Deane Davenport MAI SRA

VP - Senior Commercial Review Appraiser - Bank of the West

303-202-5750

 

 

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