Appraiser Qualifications

APPRAISAL QUALIFICATIONS OF G. PATRICK LESTER, MAI, FRICS, SRA, IAO

The appraiser has been active in the practice of commercial real estate appraisal for 30+ years and is a New York State Certified General Real Estate Appraiser with Lester Appraisal Company with offices located at 145 Glen Avenue, Williamsville, New York 14221.

EDUCATION

University at Buffalo, Bachelor of Arts Degree – Political Science and Sociology

Bishop Timon – St. Jude High School, Buffalo, NY, Regents Diploma

PROFESSIONAL EXPERIENCE

2011 - Current                         Lester Appraisal Company

                                                Senior Appraiser/Consultant

1984 - 2011                             M&T Bank, Commercial Real Estate Appraisal Department

                                                Chief Appraisal Officer           (1997 – 2011)

                                                Commercial Real Estate Appraiser (1984 – 1997)

1983 - 1984                             Grant Appraisal & Research

                                                Senior Appraiser

1974 – 1983                            New York State Division of Equalization and Assessment

                                                Senior Real Estate Appraiser, MAS (1980 – 1983)

                                                Real Estate Appraiser, MAS (1978 – 1980)

                                                Assistant Real Estate Appraiser, MAS (1974 – 1978)

CERTIFICATION

New York State Certified General Real Estate Appraiser; ID #46-2625

EDUCATION & TECHNICAL TRAINING WITH THE APPRAISAL INSTITUTE

Capitalization Theory & Techniques Parts I & II, St. John Fisher College, Rochester, New York

Capitalization Theory & Techniques Part III Park City, Utah

Land Valuation, Baltimore, Maryland

Litigation Valuation, St. John Fisher College, Rochester, New York

Case Studies in Real Estate Valuation, University of San Diego, Alcala Park, California

Standards of Professional Appraisal Practice, Syracuse, New York

Valuation Analysis and Report Writing, University of San Diego, Alcala Park, California

 

Case Studies in Real Estate Valuation, Dartmouth College, Hanover, New Hampshire

 

Applied Residential Property Valuation, Buffalo, New York 


Principles of Income Property Valuation, Buffalo, New York 


Business Practices & Ethics, Online Seminar, Chicago, Illinois

 

New Standardized Commercial Appraisal Form, Jamesburg, New Jersey

 

Uniform Standards of Professional Appraisal Practice, Amherst, New York

 

Applied Valuation Techniques, Marylhurst College, Portland Oregon

 

SEMINARS ON THE FOLLOWING TOPICS HAVE ALSO BEEN ATTENDED & COMPLETED


Appraising Condominiums, Agricultural Land Valuation, Assessor Certification, Small Claims Assessment Review, Residential Appraising, including FNMA, VA, FHLMC, FHA, HUD, and URAR, Cash Equivalency Techniques, Industrial Development Revenue Bonds, Eminent Domain Concepts, Appraising Hydroelectric Projects, Environmental Factors, Effects of Radon Gas, Asbestos, Urea Formaldehyde Foam Insulation, Oil and Gas Well Leasing, National Flood Insurance Program, Freshwater Wetlands, Real Property Tax Mapping, Revaluation Techniques, Business Valuation, USPAP Review for Instructors, as well as numerous other topics.

 

INSTRUCTOR EXPERIENCE


Certified Instructor – New York State Real Estate Appraisal Course


Bryant & Stratton Business Institute, Buffalo, New York Campus, Introductory Appraisal Course Instructor, 1990 - 1995

 

TERRITORY PROFESSIONALLY COVERED


Appraised properties in the Western New York area primarily including:

Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orleans, Steuben and Wyoming counties.

Appraisals have also been completed in the following additional counties in New York State:

Albany, Broome, Cayuga, Chemung, Columbia, Cortland, Dutchess, Greene, Jefferson, Oneida, Onondaga, Orange, Rensselaer, Saratoga, Schenectady, Schuyler, Seneca, Sullivan, Tompkins, Ulster, Washington, Wayne, Westchester and Yates.

In addition to the State of New York, has appraised properties in the States of Connecticut, Florida, Illinois, Kentucky, Maine, Maryland, Minnesota, New Jersey, Ohio, Oregon, Pennsylvania, Rhode Island, Texas and Virginia.

 

PROFESSIONAL AFFILIATIONS & MEMBERSHIPS


Appraisal Institute:                     -     Designated Member, Appraisal Institute (MAI), 1988

                                   

-          Senior Residential Appraiser (SRA), 1988

 

-          Served as President (1990), Vice President (1989), Metropolitan Buffalo Chapter Society of Real Estate Appraisers (prior to merger with Appraisal Institute) & served as President (2006 & 2008), Western New York – Ontario International Chapter, Appraisal Institute.

 

Royal Institution of Chartered Surveyors:

 

-          Elected a Professional Member (MRICS), 2009

-          Elected Fellow Member (FRICS), 2011     

 

Institute of Assessing Officers:

 

-          Professional Assessor Designation in State of New York (IAO), 1980

 

New York State Assessors Association:          

 

-          30 year member

 

Erie County (New York State) Assessors Association:                    

 

-          30 year member

 

QUALIFIES AS


-          Fee Appraiser, New York State Department of Transportation (NYSDOT)

 

-          Certified and appointed to the Town of Amherst Board of Assessment Review, 1989 to 2011

 

-          Small Claims Assessment Review Hearing Officer for Eighth Judicial District of New York State Supreme Court

 

-          Certified in New York State to transact business as a Real Estate General Appraiser – ID # 46-2625

PARTICIPATED IN APPRAISALS FOR PROPERTY TYPES

Animal Hospitals

Apartment Buildings

Apartment Complexes

Automobile Collision Shops

Automobile Dealerships

Automotive Repair Garages

Bar/Restaurant/Taverns

Bowling Alleys

Cell Towers

Churches

Commercial Land

Condemnation of Land

Condo Associations

Condominiums

Coolers/Refrigerator Warehouses

Dairy Farms

Day Care Facilities

Day Spas

Distribution Facilities

Easements

Funeral Homes

Gas Stations

Golf Facilities

Greenhouse/Nursery

Hospitals

Industrial Buildings

Industrial Land

Light Industrial

Lumberyards

Mansions

Manufactured Homes

Manufacturing Buildings

Medical Office Buildings

Mini-Marts with Gasoline Sales

Mini-Warehouse Buildings

Mixed Use Buildings

Mobile Home Parks

Motels

Nursing Homes

Office Buildings

Office/Warehouse Buildings

Parking Lots

Recreational Land

Religious Facilities

Rent Studies

Residential Land

Residential (single and multi - family homes)

Residential Subdivisions

Restaurants

Retail Buildings

Schools

Self-Storage Facilities

Single and Multi-Family Properties

Supermarkets

Surplus Properties

Tax Assessment

Trucking Terminals

Vacant Land

Veterinary Clinics

Waterfront Properties


APPRAISAL QUALIFICATIONS OF ERIC W. LESTER

The appraiser has been active in the practice of commercial real estate appraisal since 2000 and is a New York State Certified General Real Estate Appraiser for Lester Appraisal Company with offices located at 145 Glen Avenue, Williamsville, New York 14221.

EDUCATION

St. Bonaventure University, Bachelor of Science, School of Business (Marketing) Graduated 2004

St. Josephs Collegiate Institute, Buffalo, NY, Regents Diploma Graduated 2000

PROFESSIONAL EXPERIENCE

December 2010 - Current        Lester Appraisal Company

                                                   Sole Owner/Senior Appraiser

May 2005 - December 2010    Emminger, Newton, Pigeon & Magyar, Inc.

                                                   Real Estate Appraiser

February 2005 - May 2005      Edmunds Enterprises

                                                   Real Estate Appraiser

 May 2000 - January 2005      Appraisal First Associates

                                                   General Office Assistant/Real Estate Appraiser Trainee

CERTIFICATION

New York State Certified General Real Estate Appraiser; ID #46-49515

PROFESSIONAL MEMBERSHIPS

Associate Member of the Appraisal Institute (AI) and Western New York – Ontario International Chapter of the Appraisal Institute AIWNY-ON (local chapter)

Member of the New York State Assessors’ Association (NYSAA)

Member of the New York State Commercial Association of Realtors (NYSCAR)

Member of the International Right of Way Association (IRWA) and IRWA Empire State Chapter 18 (local chapter)

APPRAISAL COURSES WITH EXAM SUCCESSFULLY COMPLETED

Introduction to Real Estate Appraisal (R1) Cusack Center– September 28, 2004 (Buffalo, New York)

Valuation Principles and Procedures (R2) Cusack Center– October 27, 2004 (Buffalo, New York)

National Uniform Standards of Professional Appraisal Practice (USPAP) Cusack Center – November 3, 2004 (Buffalo, New York)

Fair Housing, Fair Lending, and Environmental Issues (AQ1) Cusack Center – November 10, 2004 (Buffalo, New York)

I – 310 Basic Income Capitalization (NYS G-1) Appraisal Institute – November 16 - 22, 2006 (Buffalo, New York) 

I – 320 General Applications (NYS G-2) Appraisal Institute – March 27 – April 2, 2007 (Buffalo, New York)

I – 550 Advanced Applications (NYS G-3) Appraisal Institute – May 20 – 26, 2007 (Buffalo, New York)

I – 400 Market Analysis & Highest and Best Use (NYS G-4) Appraisal Institute – March 10 – 13, 2009 (Rockville, Maryland)

I – 300 Real Estate Finance, Statistics, & Valuation Modeling (NYS Q-210) Appraisal Institute – Nov. 12 – 13, 2009 (Nashville, Tennessee)

I - 540 Report Writing & Valuation Analysis (NYS 3288-26) Appraisal Institute – Feb. 22 – 27, 2010 (Ft. Lauderdale, Florida)

I – 530 Advanced Sales Comparison & Cost Approaches (NYS 0021-36) Appraisal Institute – March 11 – 17, 2010 (Chicago, Illinois)

I – 510 Advanced Income Capitalization (NYS 3291-28) Appraisal Institute – April 15 – 21, 2010 (Cleveland, Ohio)

APPRAISAL SEMINARS ATTENDED (NO EXAM)

Flipping and Fraudulent Flipping of Real Estate, Appraisal Institute – April 5, 2006 (Buffalo, New York)

Uniform Standards of Professional Appraisal Practice, Appraisal Institute, 2006 Update – May 12, 2006 (Buffalo, New York)

Right of Way Real Estate Symposium, International Right of Way Association Chapter 18 – August 17, 2006 (Canandaigua, New York)

Yellow Book, Uniform Appraisal Standards for Federal Land Acquisition, ASFMRA – September 13, 2006 (Syracuse, New York)

The Modern Cost Approach: Applied Methods and Techniques, Appraisal Institute – January 24, 2007 (Buffalo, New York)

Valuation Case Studies, Appraisal Institute – January 25, 2008 (Ellicottville, New York)

Subdivision Valuation, Appraisal Institute – May 12, 2008 (Buffalo, New York)

Right of Way Real Estate Symposium, International Right of Way Association Chapter 18 – August 21, 2008 (Canandaigua, New York)

Valuation Case Studies, Appraisal Institute – January 26, 2009 (Ellicottville, New York)

Uniform Standard of Professional Appraisal Practice, 2008 Update – April 24, 2009 (Buffalo, New York)

Business Practice and Ethics, Appraisal Institute (online) – August 6, 2009

Right of Way Real Estate Symposium, International Right of Way Association Chapter 18 – August 27, 2009 (Canandaigua, New York)

Valuation Case Studies, Appraisal Institute – January 21, 2010 (Ellicottville, New York)

Appraisal Institute General Demonstration Appraisal Report Writing Seminar – November 15, 2010 (Denver, Colorado)

Valuation and Market Perspectives, Appraisal Institute – February 24, 2011 (Ellicottville, New York)

Uniform Standard of Professional Appraisal Practice, 2010 - 2011 Update (online) – June 2, 2011

Land Valuation Schedules, The Institute of Assessing Officers (Affiliated with the New York State Assessors’ Association) – June 24, 2011 – (Buffalo, New York)

Right of Way Real Estate Symposium, International Right of Way Association Chapter 18 – August 25, 2011 (Canandaigua, New York)

New York State Assossors’ Association (In Cooperation with the Institute of Assessing Officers of the New York State Assessors’ Association) Annual Seminar on Assessment Administration Buffalo, New York September 11 – 14, 2011

Green Building Update, LEED Certified Architecture, Adaptive Re – Use of Historic Structures and Commercial Leasing, The Appraisal Institute and New York State Commercial Association of Realtors – October 13, 2011 (Buffalo, New York)

International Right of Way Association (IRWA) Chapter 18 Meeting & Tour of Batavia Industrial Center – November 4, 2011 (Batavia, New York)

Uniform Standard of Professional Appraisal Practice, 2012 - 2013 Update - December 1, 2011 (Buffalo, New York)

PREPARED AND PARTICIPATED IN APPRAISALS FOR

(Provided upon request)

PARTICIPATED IN APPRAISALS FOR PROPERTY TYPES

Animal Hospitals

Apartment Buildings

Apartment Complexes

Automobile Collision Shops

Automobile Dealerships

Automotive Repair Garages

Bar/Restaurant/Taverns

Bowling Alleys

Cell Towers

Churches

Commercial Land

Condemnation of Land

Condo Associations

Condominiums

Coolers/Refrigerator Warehouses

Dairy Farms

Day Care Facilities

Day Spas

Distribution Facilities

Easements

Funeral Homes

Gas Stations

Golf Facilities

Greenhouse/Nursery

Hospitals

Industrial Buildings

Industrial Land

Light Industrial

Lumberyards

Mansions

Manufactured Homes

Manufacturing Buildings

Medical Office Buildings

Mini-Marts with Gasoline Sales

Mini-Warehouse Buildings

Mixed Use Buildings

Mobile Home Parks

Motels

Nursing Homes

Office Buildings

Office/Warehouse Buildings

Parking Lots

Recreational Land

Religious Facilities

Rent Studies

Residential Land

Residential (single and multi - family homes)

Residential Subdivisions

Restaurants

Retail Buildings

Schools

Self-Storage Facilities

Single and Multi-Family Properties

Supermarkets

Surplus Properties

Tax Assessment

Trucking Terminals

Vacant Land

Veterinary Clinics

Water Bottle Facilities

Waterfront Properties


PROFESSIONAL QUALIFICATIONS OF JAMES D. ZIMMER

The appraiser has been active in the practice of commercial real estate appraisal since 2006 and is a Real Estate Appraiser/Consultant for Lester Appraisal Company with offices located at 145 Glen Avenue, Williamsville, New York 14221.

EDUCATION


SUNY University at Buffalo, Bachelor of Science, School of Business Management (Finance)

St. Josephs Collegiate Institute, Buffalo, NY, Regents Diploma

PROFESSIONAL EXPERIENCE

February 2011 - Current                      Lester Appraisal Company

                                                Real Estate Appraiser/Consultant

March 2006 - January 2011     Klauk, Lloyd & Wilhelm

                                                Real Estate Appraiser

APPRAISAL COURSES WITH EXAM SUCCESSFULLY COMPLETED

Introduction to Real Estate Appraisal (R1) Cusack Center – March 2007 (Buffalo, New York)

 

Valuation Principles and Procedures (R2) Cusack Center – January 2008 (Buffalo, New York)

APPRAISAL SEMINARS ATTENDED (NO EXAM)

Valuation and Market Perspectives, Appraisal Institute – February 24, 2011 (Ellicottville, New York)

PREPARED AND PARTICIPATED IN APPRAISALS FOR

(Provided upon request)

PARTICIPATED IN APPRAISALS FOR PROPERTY TYPES

Airport Hangars

Animal Hospitals

Apartment Buildings

Apartment Complexes

Assessment Cases

Automobile Collision Shops

Automobile Dealerships

Automotive Repair Garages

Bar/Restaurant/Taverns

Bowling Alleys

Buy/Sell Negotiations

Cell Towers

Churches

Commercial Land

Condemnation of Land

PARTICIPATED IN APPRAISALS FOR PROPERTY TYPES

Condo Associations

Condominiums

Conservation Easements

Coolers/Refrigerator Warehouses

Dairy Farms

Day Care Facilities

Day Spas

Distribution Facilities

Easements (permanent and temporary)

Estate Settlement

Excess Land

Flex Warehouses

Funeral Homes

Gas Stations

Golf Facilities

Greenhouse/Nursery

Hospitals

Industrial Buildings

Industrial Land

Investment Properties

Laundromats

Light Industrial

Lumberyards

Mansions

Manufactured Homes

Manufacturing Buildings

Medical Office Buildings

Mini-Marts with Gasoline Sales

Mini-Warehouse Buildings

Mixed Use Buildings

Mobile Home Parks

Motels

Nursing Homes

Office Buildings

Office/Warehouse Buildings

Parking Lots

Partial Interests

Recreational Land

Religious Facilities

Rent Studies

Residential Land

Residential (single and multi - family homes)

Residential Subdivisions

Restaurants

Retail Buildings

Right-of-Ways

Schools

Self-Storage Facilities

Single and Multi-Family Properties

Supermarkets

Surplus Land

Tax Assessment

Trucking Terminals

Vacant Land

Veterinary Clinics

Water Bottle Facilities

Waterfront Properties

PROFESSIONAL QUALIFICATIONS OF JOHNNY KONG

I have been active in the practice of commercial real estate valuations since 2005 and I am a Licensed State of Maryland Trainee for Lester Appraisal Company with offices located at 145 Glen Avenue, Williamsville, New York 14221.

EDUCATION


SUNY University at Buffalo, Bachelor of Science, School of Business Management (Finance) Graduated 2004

Grand Island High School, Regents Diploma Graduated 1999

PROFESSIONAL EXPERIENCE

June 2014 - Current                  Lester Appraisal Company

                                                Director of Evaluations

March 2010 – May 2014         M&T Bank Corp. Buffalo, NY

                                                Assistant Vice President

                                                    Staff Appraiser

February 2005 – March 2010 M&T Bank Corp. Baltimore, MD

                                                Banking Officer

                                                Appraisal Trainee

CERTIFICATION

Licensed State of Maryland Trainee; ID #29179

APPRAISAL COURSES WITH EXAM SUCCESSFULLY COMPLETED

Basic Appraisal Principles

Basic Appraisal Procedures

15-Hour National USPAP Course

7-Hour National USPAP Update

Real Estate Finance, Statistics, & Valuation Modeling

General Market Analysis & Highest and Best Use

General Evaluator Sales Comparison Approach

General Evaluator Site Valuation & Cost Approach

General Evaluator Income Approach Part A

General Evaluator Income Approach Part B

General Appraiser Report Writing & Case Studies

Advanced Income Capitalization

Commercial Development & Market Reports

Skip Seward Commercial Market Update Seminar 2008

Skip Seward Commercial Market Update Seminar 2009

Skip Seward Commercial Market Update Seminar 2010

Associates Guidance Leadership Program

PARTICIPATED IN APPRAISALS FOR PROPERTY TYPES

Airport Hangar

Animal Hospitals

Apartment Buildings

Automobile Collision Shops

Automobile Dealerships

Automotive Repair Garages

Bar/Restaurant/Taverns

Bowling Alleys

Churches

Commercial Land

Condemnation of Land

Condominiums

Day Care Facilities

Distribution Facilities

Flex Warehouses

Funeral Homes

Gas Stations

Golf Facilities

Industrial Buildings

Industrial Land

Investment Properties

Laundromats

Light Industrial

Lumberyards

Manufactured Homes

Manufacturing Buildings

Medical Office Buildings

Mini-Marts with Gasoline Sales

Mini-Warehouse Buildings

Mixed Use Buildings

Mobile Home Parks

Motels

Nursing Homes

Office Buildings

Office/Warehouse Buildings

Parking Lots

Religious Facilities

Residential Land

Residential Subdivisions

Restaurants

Retail Buildings

Schools

Self-Storage Facilities

Single and Multi-Family Properties

Supermarkets

Surplus Land

Trucking Terminals

Vacant Land