Economist Diminution of Value Real Estate Expert Witness

Expert Witness No.166

California

Education

Advanced Graduate Studies         
Washington D.C.
Completed doctoral coursework (1967)            

Master of Business Administration                             
Washington, D.C.
Major in Real Estate Economics (1963)

Master of Arts Degree
Palo Alto, California
Major in Statistics and Research    (1961) 

Bachelor of Arts Degree
Washington, D.C.
Major in Marketing (1960)

Vocational Affiliations
         
1997-Present, Director of Economic Research at a Company located in Southern California
(Name Provided Upon Request)

Extensive background in demographic and economic forecasting, business valuations, real estate development and investment analysis, redevelopment area fiscal and re-use analysis and litigation support.
His particular specialty is market and financial feasibility studies of residential and commercial projects and master-planned communities including rental housing, age-restricted communities, condominiums, condominium conversions, office, retail, hotel and industrial developments. In addition, skilled in the analysis and valuation of investment properties, including real estate properties and real-estate related individually-owned and corporate-owned businesses.
This Company publishes new home sale, rental apartment and development pipeline data throughout Southern California. The firm also provides a variety of real estate consulting services to both private and public sector clients.
Expert 166 authors annual economic forecasts and other technical and demographic and economic studies.

1992-1997, Managing Director, Chief Economist, A Economic Research Co., Southern California.
(Name Provided Upon Request)

Provided a broad range of economic and demographic research, real estate feasibility studies, development impact studies, due diligence and litigation support to the private and public sector.  Developed specific expertise in fiscal impact analysis and investment forecasting and developed a proprietary acquisition/disposition model ranking multi-family investment potential for 60 major metropolitan areas.

1990-1991, Director of Real Estate Research, Homefed Bank, San Diego, California.

Provided economic forecasting, demographic and market research studies, portfolio analysis and disposition strategies for Bank $10+ billion bi-coastal asset management, lending and development portfolio. Also served on Investment Committee and as advisor to the Bank's appraisal department.
         
1983-1987, Executive VP; 1987 to 1990, President, Con Am Securities, Inc., San Diego, California

Responsible for market research and real estate acquisition and development strategies for firm's nationwide multi-family portfolio, and managed investor relations for the firm's limited partners.  Created marketing campaigns and directed $500,000,000 sales effort for public and private offerings through Wall Street firms.  Holds NASD 22, 39, 63 licenses.

1974 -1983, Senior Vice President, Sanford Goodkin and Associates, Del Mar, California

Directed feasibility and valuation studies for developers, property owners, lending institutions, litigation counsel, and governmental clients throughout the United States.

1971-1974, National Director of Market Research, American Housing Guild, San Diego, California

1969 to 1971, Urban Economist, Gladstone Associates, Washington, D.C.

1967 to 1969, Economic & Research Analyst, Ernst & Ernst, Washington, D.C.

Development Experience

Co-founder of four firms that bought, built, rehabbed and operated more than three-dozen Southern California properties, valued in excess of $250,000,000.

Apartment rehab & development; Office buildings; Apartment development; Industrial projects; Condominium development/conversions; Custom homes; Medical office complexes; Self-storage  

References

Available upon request