Qualifications
Business address
RMI Midwest
1200 Central Avenue, Suite 330
Wilmette, Illinois 60091
Telephone: 847-920-9033
Mobile: 847-507-7212
Fax: 847-920-9450
e-mail: cwrexiii@rmimidwest.com
Professional organizations
Member of the Appraisal Institute;
MAI designation, Certificate No. 6853
Experience
Partner & co-owner of RMI Midwest, 1992-present
Education consultant, Appraisal Institute, 1992-1993
President of Rex-McGill, Inc., 1987-1992
President of Pinel, Rex & Carpenter, Inc., 1986 to 1987
Appraiser with “Rex-McGill,” beginning in 1971
Specializing in the valuation and analysis of corridors and other railroad properties, as well as conservation easements and development lands.
Primary assignments also include the valuation of large land tracts (including development land, agricultural properties, timberlands, multi-use developments, and environmentally sensitive lands) and partial interests.
Valuing partnership interests, conservation easements, lease fee interests, leasehold interests, air rights, transferable development rights, joint ventures, as well as fee simple rights.
Clients include government agencies (federal and state), corporations, pension funds, investment bankers, financial institutions, insurance companies, nonprofit conservancy groups, attorneys, and individuals.
Qualified as an expert witness in the Federal District Courts in Florida and Illinois; US Court of Claims; US Bankruptcy Court; Florida and Illinois Circuit Courts.
Approved appraiser for the Florida Department of Environmental Protection.
Certifications
Alabama Certified General Real Property Appraiser No. G00610
Florida Certified General Appraiser, No. 0000143
Georgia Certified General Real Property Appraiser, No. 285622
Illinois Certified General Real Estate Appraiser, No. 553-000785
Indiana Certified General Appraiser, No. CG40300403
Massachusetts Certified General Real Estate Appraiser, No. 5601-257042
Michigan Certified General Appraiser, No. 1201007606
New Jersey Certified General Appraiser, No. 42RG00194200
New York Certified Real Estate General Appraiser, No. 46000039279
Oregon State Certified General Appraiser, No. C000992
Virginia Certified General Real Estate Appraiser, No. 4001-013685
Education
Virginia Military Institute, Bachelor of Arts in Economics, 1972
Completed and passed all courses for the MAI designation under the direction of the former American Institute of Real Estate Appraisers (now the Appraisal Institute).
Certified under the Appraisal Institute’s voluntary program of continuing education for its designated members. MAIs who meet the minimum standards of this program are awarded periodic educational certification.
Professional teaching
Approved Appraisal Institute instructor for the following: Valuation of Conservation Easements course; Case Studies in Highest and Best Use, Partial Interest Valuation — Divided, Partial Interest Valuation — Undivided seminars.
Appraiser continuing education instructor for the Ohio Association of Realtors© (1995) and for the Wisconsin Association of Realtors© (2000): Market Analysis and Highest and Best Use; Transitional Properties.
Instructor for Reporting the Results of Forestland Appraisals course, Duke University School of the Environment, 1993; co-instructor for Valuation of Timberlands seminar, Duke University School of the Environment, 1987; panel member at the Fourth Timberland Marketplace Conference, Duke University, 1985.
Educational program development
Course co-developer of the Appraisal Institute’s Conservation Easement Professional Development Program.
Developer of Appraisal Institute seminars: Partial Interest Valuation — Divided, Partial Interest Valuation — Undivided (1999); Highest and Best Applications (1995); Subdivision Analysis (1993).
Developer of the Appraisal Institute’s Report Writing and Valuation Analysis course (1986) and of AIREA’s Real Estate Appraisal Applications state-certification module (1989).
Co-developer of the Appraisal Institute’s Timberland Valuation seminar (1988).
Presentations
Conservation easement valuation presentation at International Right-of- Way Association Annual International Education Conference; Austin, Texas, 2008.
Corridor valuation presentation at American Railway Development Association annual meeting; Sante Fe, 2008.
Conservation easement valuation presentations at Land Trust Alliance conferences; Nashville, 2006; Madison, Wisconsin, 2005.
“Corridors and Rights-of-Way: Valuation & Policy,” sponsored by The Centre for Advanced Property Economics and International Right of Way Association, 2002; “Linear Rights of Way: Federal Agency Rent Schedules Reforged,” sponsored by the Appraisal Institute for the US Bureau of Land Management and US Forest Service, 2001.
Southwest Florida Land Trust’s conservation easement seminar, 1997; Coastal Georgia Land Trust, Inc.’s conservation easement seminar, 1994; Red Hills Conservation Association’s Conservation Easements and Estate Planning program, 1993.
Professional service
Member, Appraisal Journal Review Panel, 2006 – 2008.
Member, Region III Nominating Committee, Appraisal Institute, 2001.
Chair, Education Committee; Chicago Chapter of the Appraisal Institute, 1997-2000.
Member, General Appraiser Board Education Committee and Body of Knowledge Committee; Appraisal Institute, 1994.
Vice President and President-elect, 1991, Greater Florida Chapter of the Appraisal Institute; Chair, Education Committee, AIREA Florida Chapter 2, 1988-91.
Coordinator, Level II Curriculum Development, 1990-1991; Member, Division of Curriculum, Appraisal Institute, 1985-1991; Chair, Development Subcommittee, Appraisal Institute, 1989-1991; Appraisal Institute.
Recognitions
Chicago Chapter of the Appraisal Institute’s Distinguished Service Award, 1999.
Appraisal Institute’s George L. Schmutz Award in recognition of contributions to the advancement of appraisal knowledge, 1991.
