We begin our new fiscal year with eyes set on the future.
I first want to congratulate our new International Officers: International President, David Crick, ASA; International Vice President, Richard Berkemeier, ASA, ARM-MTS; and International Secretary/Treasurer, Garrett Schwartz, ASA; as well as our new Region Governors, Discipline Committee Officers, Discipline Governors and Members-At-Large who officially took office July 1st. We are honored to have such dedicated experts be on board with ASA, with innovative visions to continuing taking ASA to the next level. View our complete list of new ASA 2021-2022 volunteer leaders here.
It was great to spend some time with the students who took the last class in the series of 4 Principles of Valuation (POV) Aircraft courses to see their final presentations and congratulate them for advancing their career with us. This journey (virtual for the first time) started for them last October and concluded last month.
We had students attend from 11 different countries, so it’s safe to say that our vision of expanding ASA internationally is continuing in the right direction. I am looking forward to seeing them all finish the last step of joining the organization and becoming an ASA designated member. Also, congratulations to all the instructors as they did an amazing job providing the quality education the profession needs.
The next set of courses for ASA’s Aircraft Valuation Program will begin again this October. I encourage anyone interested in pursuing a professional designation with ASA with a specialty in aircraft appraisal, as well as aircraft brokers and other professionals in the aviation banking, financing, and aircraft maintenance industries to sign up.
June also wrapped up a couple of ASA’s discipline-specific conferences; the 2021 ASA Equipment Valuation Conference and 2021 ASA Fair Value Conference. It was great to see both virtual events having a list of expert speakers and professionals from around the world attend, and I enjoyed sharing pertinent ASA updates, as well as networking with everyone during the breaks. I am looking forward to next year with bringing them back as in-person programs.
In other ASA news, ASA recently updated its BV Accredited Member (AM) designation program to meet continued market demand for qualified business valuation experts. It’s known that experts who hold the AM credential stand apart from others, as earning the AM designation is tough and like a Master’s Degree for valuers. Holders are connected to a preeminent network of fellow member experts, all of which is backed by the oldest and most globally recognized organization representing all appraisal specialists – ASA. There are also special equivalency pathways available for ABVs, CBVs & CFAs.
The Internal Revenue Service (IRS) is currently accepting applications to serve on the Internal Revenue Service Advisory Council (IRSAC) for three-year appointments beginning in January 2022. IRSAC serves as an advisory body to the Commissioner and provides an organized public forum for discussion of relevant tax administration issues between IRS officials and representatives of the public. Applications will be accepted until this Friday, July 9th. For more information and how to apply, click here.
We are also continuing our U.S. Department of Housing and Urban Development diversity and inclusion efforts. On June 8th, ASA signed a letter to Housing and Urban Development (HUD) Secretary Marcia Fudge to offer assistance with an interagency Task Force that will address inequity in home appraisals. The letter, drafted by the Appraisal Foundation (TAF), states the initiatives taken to advance public trust in appraisals and create a workforce reflective of the communities it serves, and offers the experience and knowledge of the appraisal profession as a resource to the Secretary.
In order to bring our real property members a wider range of eLearning opportunities, I’m pleased to mention that ASA has partnered with McKissock Learning to provide online USPAP courses as well as online Real Property appraisal course options. Whether you are looking, to earn your real estate appraisers license, take a USPAP class or earn continuing education hours for ASA or for your state license, you will find single courses or complete packages covering qualifying and continuing education requirements.
In light of ASA’s new Going Concern Specialty Program, designed for those appraisers who have already earned their ASA Designation and value complex commercial real estate with a business component, such as car washes, fueling stations/c-stores and lodging properties on a regular basis, we interviewed one of the top industry experts, Ernest Demba, FASA. During these classes, students will get a thorough, hands-on learning experience designed to provide the experienced appraiser the knowledge and understanding needed to perform going concern valuations, and will walk away with a useable overview and basic understanding of how to appraise an RPGC and provide an allocation to the components.
Q: What is the ASA Going Concern Specialty Designation Program?
A: The short answer is that it is a unique structured sequence of study that provides the practicing appraisal professional a background in being able to apply the fundamental principles of valuing going concern properties and apply the discernment principles to such properties to properly appraise them.
In more detail, the Real Property Discipline Committee, alone with the necessary input from the Business Valuation Discipline, developed a two-class educational program along with an experience and work product review exam to be implemented for this Specialty Program within the Real Property Discipline. After careful review by the ASA International Board of Governors, the Program was approved and the educational classes, RP-400 and RP 401 were first offered a few years ago by the main textbook author, Dean Wilson.
Q: What market conditions are driving this opportunity?
A: The most important market force is that the market demands better, and more educated Real Estate Appraisers and the ASA can supply that demand with this Going Concern Specialty. ASA educated Specialty educated appraisers can distinguish themselves from others in the market and fill the expanding market need in this area. The residential appraisal market is tending to contract while the Going Concern appraisal market appears to be expanding.
Q: Why should real property appraisers consider ASA for their Going Concern professional development?
A: The ASA is the only nationally recognized educational provider member of The Appraisal Foundation with a multi discipline organizational foundation and educational background to provide the overview necessary to provide a quality Going Concern Program.
Let me break that down into parts. A going Concern valuation is more than just looking at real estate at an address. There are components of real property, machinery and equipment, personal property, possibly gems and jewels, and intangibles all mixed up and combined into a Going Concern operating at that address. What is needed is a valuation which considers the intermixing and interactions of all these disciplines. And the ASA is the only Foundation member which has all these disciplines, with their educational programs and members available for advice and consultation. The ASA is the only educational provider that has the resources, the educational classes, and program in place to provide the knowledge and expertise to the practicing appraiser necessary to compete in this changing market environment.
Q: How will real property appraisers benefit from earning the ASA Going Concern Specialty Designation?
A: The benefit comes from being better educated compared to their peers. Another benefit is through the contacts with the other students and other ASA members they will meet by going thru the program. Another benefit is the quality and quantity of engagements that are possible once the Specialty is earned. Of course, this is all dependent on the efforts of the appraiser, but the continuing education is mandated by the states, so why not look to the greatest return for the time spent. And this greatest return is the ASA Going Concern Specialty as the best designed and implemented as no others are designed with the necessary other disciplines.
Ernest A. Demba has been designated with senior appraisal designations: FASA, FASA-RP, FASA-ARM-RP, FRICS, CVS, and IFAS. He is certified by Missouri and Illinois and Michigan as a Certified General Real Estate Appraiser and is licensed as a Registered Professional Engineer in Missouri. (PE). Mr. Demba’s college education includes a BSEE degree, an MS degree in engineering and an MBA degree. In January 2009, Mr. Demba was voted a Life Membership in the American Society of Appraisers. Mr. Demba is also an AQB Certified USPAP Instructor by the Appraiser Qualifications Board of The Appraisal Foundation.
ASA International Conference is the leading event for the global valuation profession. Backed by nearly a century of continued success, the Conference attracts thought leaders, practitioners, allied professionals, vendor partners, government agency personnel and more from all parts of the world. This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
This year’s hybrid format will be available both live and virtually, allowing attendees to learn and connect in their preferred environment. Join us on-site in Las Vegas or from the comfort of your home or office – the choice is yours! Both formats will allow you to explore the latest ideas, trends and best practices with leading presenters and interact and engage with fellow professionals.
Matthew R. Crow, ASA, CFA is the President of Mercer Capital and has been with Mercer Capital for over 25 years. Mr. Crow’s practice area focuses on valuation and corporate finance issues for investment management firms with a broad experience in valuing insurance, real estate investment ventures, and technology companies. Mr. Crow has been a designated member of ASA since 1996, and recently served on the Business Valuation Committee of the ASA.
Arlene Ashcraft, ASA, CFA, is Managing Principal at Columbia Financial Advisors, Inc. She has over 15 years of experience in valuing businesses, specializing in ESOP valuation and financial advisory services, estate and gift tax valuations, and appraisal assignments for litigation support purposes. Ms. Ashcraft has been a designated member of ASA for over a decade and an active volunteer with numerous leadership positions; most notably as serving as Secretary of the Business Valuation Committee, past Vice Chair of the Board of Examiners, Business Valuation and as President of the Portland, OR Chapter.
Jay E. Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974. He specializes in the valuations of business enterprises and their intangible assets. Mr. Fishman has co-authored several books, including the Guide to Business Valuations, Standards of Value, A Consensus View Q&A Guide to Financial Valuation and The Business Valuation Bench Book. He has taught courses on business valuation to several renowned businesses internationally, most notably to the Internal Revenue Service. In 2020, ASA recognized his outstanding services in the Society and contributions to the appraisal profession and gave him their Lifetime Achievement Award.
Kenneth J. Pia, Jr. CPA, ABV, ASA, MCBA is partner and the leader of National Matrimonial and Business Valuation groups at Marcum LLP. With more than 30 years of professional business valuation and litigation support experience. Mr. Pia is Chair of the ASA’s Business Valuation Committee, is a member of the National Business Valuation Education Committee and teaches nationally for the ASA’s accreditation program. Mr. Pia is also a charter member of the American Academy of Matrimonial Lawyers Foundation’s Forensic & Business Valuation Division and was recently named to the American Academy for Certified Financial Litigators Advisory Board for New York and Connecticut.
Bruce A. Johnson, ASA is an elected member of the ASA’s Board of Governors, ex-officio member of the ASA Business Valuation Committee, course developer for the ASA’s BV203 course on discounts and premiums, member of the ASA Marketing Subcommittee and chairman of the 2017 ASA Advanced BV Conference. Mr. Johnson is a member of the Texas A&M Department of Finance Advisory Council and has been published on a wide range of valuation topics in several journals. He is also a contributing author for PPC’s Guide to Business Valuation, Pratt’s Valuing a Business and Partnership Profiles’ Comprehensive Guide for the Valuation of Family Limited Partnerships.
Bethany Harms is a senior staff in the Valuation Services group at Crowe LLP. She has over 5 years of experience in performing valuations for business advisory, tax reporting, and financial reporting purposes. Ms. Harms has completed the Introduction to Business Valuation, Market Approach, Income Approach, and Asset Approach principal of valuation courses with the American Society of Appraisers; and is a volunteer with Junior Achievement.
Adam Newman, CPA, ABV is a Principal at Crowe LLP. He has over 20 years of experience in providing valuation services in financial reporting, tax reporting, and litigation matters. Mr. Newman’s practice focuses on the valuation of closely-held businesses, purchase price allocations, valuing complex financial instruments, custom modeling with Monte Carlo simulation, and calculation of economic damages in commercial litigation and personal injury matters.
Vanessa Claiborne, ASA, is President & CEO of Chaffee & Associates, Inc. She has over three decades of experience in accounting and valuation, with a focus in business valuation services primarily for estate and gift taxes, Employee Stock Ownership Plans (ESOPs), GAAP fair value reporting, financial reporting, corporate planning, business interruption claims, litigation support including expert testimony, exit planning, and shareholder transactions and restructuring. Ms. Claiborne has been a designated member of ASA for 27 years, and an active volunteer, most notably serving as President for the ASA New Orleans Chapter and Regional Governor for the ASA Board of Governors.
Nene Gianfala is a Vice President of the Valuation Advisory group with 14 years of experience in accounting, corporate finance, and business valuations. Nene performs intellectual property and intangible asset valuations for purchase price allocations, impairment testing, internal intangible asset management, portfolio valuation, and litigation support. Ms. Gianfala also provides business valuation services for estate, gift and income tax planning, financial reporting, corporate planning, employee stock ownership plans, and litigation.
Aarti Karande, is senior manager at Deloitte Transactions and Business Analytics LLP. She has over 15 years of experience in business enterprises and equity instrument valuations, specializing in ASC 718 stock option and complex securities valuations including development of model input assumptions, selection of valuation models and valuation of employee incentive awards for compliance and compensation planning purposes for public and private companies across a variety of industries. Ms. Karande is a candidate member of ASA.
Mark Penny, ASA, BV/IA, ARM/BV, is Managing Director of Hempstead & Co., LLC. He has over three decades of experience as an appraiser of corporate securities and has performed valuations for a wide range of business, including: manufacturing companies, communications firms, various professional practices, small businesses, and agricultural enterprises. Mr. Penny also is a qualified expert witness and lecturer. He has been a designated member of ASA for over 34 years, an active volunteer, most notably serving as International President.
Jack Young ASA, ARM, CPA is President of NorcalValuation.com. He has nearly 20 years of valuation experience specializing in machinery & equipment and appraisal review for litigation support. Mr. Young has served as an expert witness in state and federal court as well as testifying before many tax appeals boards. He has been a designated member of ASA for 12 years and an active volunteer with numerous leadership positions, including ASA NorCal chapter past president, MTS and ARM course developer and ARM instructor. He currently serves as the ARM Committee Past Chair and ARM E-Journal Editor.
Michael A. Gregory, ASA, CVA, is a Qualified Mediator with the Minnesota Supreme Court and the founder of Michael Gregory Consulting, LLC. He has over 25 years of experience in business valuation specializing in federal tax issues. Mr. Gregory has been a designated member of ASA for 16 years, and he has served on the Business Valuation Committee.
Brian Dies, ASA is an expert in the financial analysis of complex transactions, business valuations and commercial disputes. Mr. Dies specialty is clearly and concisely explaining these complex financial topics to corporate leaders and their counsel, as well as to arbitrators, judges, and juries. In addition to serving as a Principal at Hoffman Alvary, Mr. Dies is also an Instructor at the Harvard University Extension School, teaching Business Valuation at the graduate level.
Carla Nunes, CFA is a Managing Director in the Duff & Phelps Office of Professional Practice, specializing in technical guidance on a variety of valuation, financial reporting and tax issues. She is also the Global Leader of Duff & Phelps’ Valuation Digital Solutions group, which produces cost of capital thought leadership content and data housed in the Cost of Capital Navigator. Ms. Nunes was part of the Valuation Advisory Services unit, performing engagements primarily for financial reporting and tax purposes at Duff & Phelps and its predecessor firms, PricewaterhouseCoopers and Standard & Poor’s.
James Harrington, ASA is a Director at Duff & Phelps LLC. He is an experienced and accomplished business communications expert, specializing in valuation research and reports. In his present role, he provides technical support on client engagements involving cost of capital and business valuation matters and is a leading contributor to his firm’s efforts in the development of studies, surveys, online content and tools and valuation models.
Jan Marek, CFA, ASA leads the area of financial analysis and applied research. Prior to joining EVI, Jan was a partner in Deloitte, leading the valuation and financial modelling team for Central Europe. At the beginning of his career, he worked as a management consultant, portfolio manager and broker on the Prague Stock Exchange. He has more than 20 years of experience in valuation of companies and other assets, litigation, financial modelling, transfer pricing, competition economics, and other financial analyses in Europe, Asia, America and Africa.
Ronald Seigneur, ASA is Managing Partner of Seigneur Gustafson LLP, based in Lakewood CO, where he is responsible for financial forensics, business and intellectual property valuation, practice management consulting and exit & succession planning services. He is co-author of Financial Valuations: Applications and Models, published by John Wiley & Sons, Reasonable Compensation: Applications and Analysis for Management, Valuation and Tax, published by Business Valuation Resources, The Cannabis Industry Accounting and Appraisal Guide and Financial Expert Guide for Family Law Judges and Attorneys – Colorado Edition, published by LuLu. Ron is an adjunct professor at the University of Denver and Daniels College of Business where he teaches business appraisal classes as well as a fellow of the College of Law Practice Management.
Nicholas Parseghian, ASA is a director in the Advisory and Consulting Practice group and a member of the Business Valuation and Litigation Support team in the Boston office of Marcum LLP. Mr. Parseghian has 12 years of experience providing business valuation and litigation support services to clients across an array of industries with extensive experience providing valuation support in matters related to minority-interest buyouts, strategic and transaction planning, and valuation analyses for tax and financial reporting purposes. He is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers, designated in Business Valuation.
Andrew Proctor is a Managing Director at Houlihan Lokey, Inc. He has over 25 years of experience providing valuation and related advisory services. Mr. Proctor focuses on serving hedge funds, private equity funds, sovereign wealth funds, and other institutional investors, as well as corporate clients and family offices. In addition to his expertise in valuing business enterprises and related equity and debt securities, he also specializes in the valuation of alternative asset managers—both management and carry vehicles.
Antonella Puca, CFA, CPA/ABV, CEIV is a Senior Director at Alvarez and Marsal Valuation Services, LLC. Mrs. Puca has more than 20 years of experience in servicing VC and PE funds and their investment managers, including valuation of their portfolio companies, complex securities and carry vehicles. Mrs. Puca currently serves on the Business Valuation Committee of the AICPA. She has served as a member of the AIMA Research Committee and an executive board member of the CFA Society of New York. Mrs. Puca is the author of Early Stage Valuation (Wiley: 2020) and a frequent presenter and author on valuation and alternative investment topics.
Joseph Thompson, ASA, is a Principal at The Griffing Group. He has approximately 20 years of experience as a professional in the finance industry and has performed valuation and damages analyses for purposes of commercial litigation, estate and gift taxation, employee stock ownership plan compliance, and purchase price allocation. Additionally, he has been retained to provide expert witness testimony for plaintiffs and defendants in a number of jurisdictions. Mr. Thompson also serves as an adjunct professor at DePaul University. Mr. Thompson has been a designated member of ASA for 11 years.
David Neuzil is a Manager at The Griffing Group. He has more than a decade of experience in financial services covering a wide range of industries, including software, technology, financial services, energy, heavy manufacturing, communications, retail, distribution, real estate, food services and others. In his present role, he provides valuation and damages analyses for purposes of commercial litigation, estate and gift taxation, employee stock ownership plan compliance, and marital dissolution. Additionally, Mr. Neuzil has provided expert witness testimony in the Supreme Court of the State of New York.
Kellie Adkins, ASA is an Advisory Services Valuation Principal at Crowe LLP. Ms. Adkins has 15 years of experience in valuation of businesses, and intangible assets for financial reporting, tax reporting, and business planning purposes. She currently is one of three technical reviewers for the Crowe Valuation group. Outside of Crowe, Ms. Adkins also serves on the North Texas Women’s Energy Network (WEN) board and leads the WEN Downtown Dallas mentor circle.
Vincent Covrig, PhD, CFA, is a principal in the Crowe LLP advisory services group specializing in providing financial transaction valuations. Mr. Covrig has over 15 years of experience in the valuing of compensation awards, preferred stock, contingent considerations, embedded derivatives and debt valuation. He has presented at ASA and NACVA conferences, teaches classes at the California State University, and has published more than a dozen papers in top academic and practitioner journals.
Corley Thomas, ASA, is a Managing Director at HDH Advisors, LLC. He has over 12 years of experience in business valuation and appraisal, specializing in ESOPs and transaction consulting engagements. Mr. Thomas’ experience focuses in providing a wide variety of valuation and transaction support consulting services for purposes of financial reporting; income tax planning; contemplated mergers and acquisitions; and general business planning. He has significant experience in performing equity and enterprise valuations, debt valuations, and complex deal structure consulting.
Todd Fries, ASA, CFA, is a partner at The BVA Group. He has over 20 years of experience in valuing business, business interests, complex securities and intangible assets across a broad range of industries for financial reporting, tax, transaction advisory, ESOP administration and litigation support. Mr. Fries specializes in private-equity related valuations as well as providing valuations in the context of partner buy-outs and disputes. Mr. Fries has been a designated member of ASA for 14 of years.
Roger Grabowski, FASA, is Managing Director at Duff & Phelps. He has over 40 years of experience in valuation services, and has directed valuations of businesses, interests in businesses, intellectual property, intangible assets, real property and machinery and equipment, as well as been recognized in various courts as an expert on matters of solvency, the value of closely held businesses and business interests, valuation and amortization of intangible assets and other valuation issues. Mr. Grabowski has been a designated member of ASA for 44 years.
Daren Mesrobian, ABV, is a Partner of Holthouse Carlin & Van Trigt LLP, and leads the firm’s Valuation Advisory Services practice. He has over 13 years of valuation and financial advisory experience and has addressed complex tax valuation matters for businesses in all phases of the business cycle. While his industry experience is broad, he has a specialization in food, beverage and agricultural businesses. Mr. Mesrobian holds the ABV designation and is a candidate with the ASA; having been an active board member of the ASA’s Los Angeles Chapter.
Joshua Lefcowitz, CPA, ABV, CFF, CVA, CFE, ASA is the Lead Partner of the Valuation and Litigation Support Services group at Cohen & Company and has more than 20 years of experience providing valuation and forensic accounting services. He has extensive expertise across a wide range of industries, specializing in transaction advisory services. Mr. Lefcowitz is experienced in providing litigation support services related to valuation matters and forensic accounting, and was one of only 15 Accredited Senior Appraisers to complete the American Society of Appraiser’s Inaugural Multidisciplinary Advanced Education in Healthcare Valuation Program.
Joe Brennan is a Senior Associate in the Valuation Services group at Cohen & Company, with a primary focus on assisting the firm’s cryptoasset clients. Mr. Brennan collaborates with cryptoasset fund managers and executive teams to identify, analyze, and solve unique valuation challenges clients face in this burgeoning new asset class. Prior to joining Cohen, he acquired additional valuation experience while issuing fairness opinions for both buy-side and sell-side transactions for Employee Stock Ownership Plans (ESOPs), including annual valuation updates for ESOP-owned companies with annual EBITDA ranging from $500,000 to $120 million.
Tim Stuhlreyer, ASA, CPA is a managing director in PwC’s Transaction Services Valuation practice with more than 14 years of experience in the valuation of businesses and intangible assets. He has consulted with clients on valuation issues around buy-side, sell-side, tax and financial reporting purposes and has completed numerous engagements for tax planning and purchase price allocations/impairment tests. Mr. Stuhlreyer is a Vice Chair of the Houston CPA Society’s Energy Committee and is actively involved in the ASA’s Houston Energy Valuation Conference.
Seenu Akunuri is a Principal in PwC’s Deals practice in Houston, TX. As the leader for PwC’s US Energy and Mining Valuation practice, Mr. Akunuri specializes in complex valuation issues around mergers, acquisitions, global tax restructuring, re-domiciliation of assets, divestitures, and other domestic, global and cross-border transactions. He has presented and published thought leadership topics impacting the energy and mining industries, is a contributing author to the valuation chapter of Professional Development Institute and PwC’s Petroleum Accounting textbook and has co-authored thought leadership articles on various valuation topics.
Kathy Nalepka, ABV is a Manager at Crowe LLP. She has over 5 years of experience performing valuations for a variety of purposes, including estate and gift planning, purchase price allocation, goodwill impairment analysis, potential transactions, ESOP administration, and more. Ms. Nalepka has provided valuation services in a wide range of industries with experience in valuing closely held businesses and business interests as well as intangible assets; such as trade names, franchise agreements, technology, and customer relationships in connection with mergers and acquisitions.
Ian Long, CFA is a Manager at Crowe LLP and has over 6 years of experience and has primarily been engaged with middle market clients and private equity firms for a variety of purposes including: estate and gift planning, purchase price allocation, goodwill impairment analysis, potential transactions, shareholder disputes and ESOPs. In addition to his valuation work, Ian has served as a buy-side and sell-side advisor for clients in Crowe’s outsourced corporate development practice, assisting clients through the M&A process.
Anna Mazover, MBA, ABV, is a Managing Director at KPMG LLP. She has over 15 years of experience in valuation of businesses, intangible assets, and inventory for financial reporting, tax reporting, and management planning purposes. Ms. Mazover focuses on assisting clients with valuations in connection with purchase price allocation, goodwill impairment testing, fresh start accounting, asset or legal entity transfers, tax restructuring, as well as corporate and strategic planning.
Margaret Ross, CPA, is a Manager at KPMG LLP. She has over 6 years of experience in valuation of businesses, intangible assets, and inventory for financial reporting, tax reporting, and management planning purposes. Ms. Ross focuses on assisting clients with valuations in connection with purchase price allocation, goodwill impairment testing, asset or legal entity transfers, tax restructuring, as well as corporate and strategic planning.
Karl Schwabauer, CPA, CFF, CVA is a senior member of the Business Advisory Services Team at Rosenfield & Co. He has over 22 years of experience providing expert valuation, economic damages, and forensic accounting services for litigation and disputes, as well as extensive experience providing valuation and accounting services for non‐litigation. Mr. Schwabauer has been actively involved in CPE and CLE training for numerous groups, accounting and consulting firms, law firms and bar associations.
Drew Dorweiler, ASA, FCBV, FRICS, CPA, ABV, CVA, CBA, CFE, MBA, is Managing Director at IJW & Co., Ltd. He has over 36 years of experience in business valuation, litigation support and transaction advisory, specializing in the business of sports. Mr. Dorweiler has been a designated member of ASA for 25 years, and an active volunteer with numerous leadership positions, including most notably serving as a Vice President of the Eastern Canada Chapter from 2001-2012 and a Trustee of The Appraisal Foundation from 2013-2018.
ASA International Conference is the leading event for the global valuation profession. Backed by nearly a century of continued success, the Conference attracts thought leaders, practitioners, allied professionals, vendor partners, government agency personnel and more from all parts of the world. This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
This year’s hybrid format will be available both live and virtually, allowing attendees to learn and connect in their preferred environment. Join us on-site in Las Vegas or from the comfort of your home or office – the choice is yours! Both formats will allow you to explore the latest ideas, trends and best practices with leading presenters and interact and engage with fellow professionals.
Carl Chrappa, ASA, MRICS, IFA, of The Alta Group, LLC is Senior Managing Director – Asset Management Practice of The Alta Group, LLC. He has 50 years of experience in inspecting and appraising most types of commercial and industrial capital equipment for finance and litigation purposes. Mr. Chrappa has been a designated member of the ASA for over 40 years, and is active in professional associations that promote the appraisal profession including being the Chairman Emeritus of the ELFA Equipment Management Committee, Appraisal panel of SFNet, and a member of the Philadelphia Federal Reserve Board’s Macroeconomic survey panel.
Ken Heyse, ASA is the Managing Director of Plastics One Asset Advisors, LLC. Since 1987, Mr. Heyse has been actively involved in all phases of the Plastics Machinery Industry including appraising, processing machinery manufacturing, sales, and distribution. Plastics One has been one of the countries’ foremost Asset Advisors for Plastics Processing Machinery for over 30 years, actively working with the Leasing and Finance community providing appraisals, lease residual guidance, work out and liquidation assistance, and published Industry updates.
Gary K. Anderson is the Managing Partner Extrusion and Converting for Plastics One Advisors and has been actively involved in all phases of Plastic Processing Machinery for over 25 years. Personally, he liquidated in excess of $100,000,000 of Extrusion and Converting Equipment and appraised hundreds of Plastic Extrusion and Converting Facilities Worldwide and has held various senior executive positions with a variety of Plastic Extrusion & Packaging Machinery Manufacturing Firms.
Joseph Koravos is President at North East Printing Machinery. He has over 40 years of experience in the printing machinery field, specializing in buying, selling and appraising in the graphic arts field. Mr. Koravos has performed hundreds of printing appraisals including some that are believed to be the largest by volume and value ever performed in his field. In addition to being a resource for many of the top appraisal firms in the country, he has been approved on several occasions as a qualified expert in the US Bankruptcy courts.
Joseph Santora, ASA is the President at Irontrax. He has over 25 years of experience in appraisal field, specializing in Construction, Transportation & Mining Equipment. Mr. Santora has been a designated member of ASA for 13 years, and an active volunteer with numerous leadership positions, including most notably serving as 2015- 2019 ASA International Marketing Committee Chairman, ASA Equipment Valuation Founder & Chairman 2010- 2019, Machinery & Equipment Committee, 2012- 2107 and is the 2015 recipient of the American Society of Appraisers Jerry F Larkins Award. He also serves on the Equipment Lease and Finance Associations Equipment Management Committee and is active in the Turnaround Management Association.
Paul R. Cogley, Jr. ASA is a retired Senior Vice President at Banc of America Leasing & Capital. He has over 40 years of experience in leasing and machinery & equipment valuation. Mr. Cogley has been a designated member of ASA for 16 of years, and is an active volunteer with numerous leadership positions, including most notably serving as Region 1 Governor, MTS Vice Chair & Treasurer, International Education Committee Chair, MTS Instructor & Course Writer. Mr. Cogley was the recipient of the Jerry F. Larkins Volunteer Service Award in 2020.
Asher Cohen, ASA, is a managing director of the industrial group at Suncorp Valuations. Asher has over 21 years of experience in industrial valuations, specializing in pulp and paper, oil and gas, food processing, power generation/distribution as well as fixed asset reconciliation and PPA’s. Mr. Cohen has been a designated member of ASA for 15 of years.
Joseph Joyce, ASA is the Chief Financial Officer for Harry Davis and Company, where he has worked for over 5 years. Mr. Joyce has over 9 years of experience in financial analysis and valuations specializing in machinery and equipment. He earned his BA degree from Ursinus College in 2008, and his master’s degree from the University of Pittsburg in 2012. Mr. Joyce has been a designated member of ASA for 1 year.
Austin Engelhardt, ASA, CPCU, is President of AAE Consulting Group. He has over 20 years of experience in providing property insurance valuations to ensure proper coverage limits and accurate representation of underwriting risk through comprehensive data analysis. Mr. Engelhardt has been a designated member of ASA for over 13 years, and is the only known appraiser working exclusively in the insurance industry to possess both the ASA and CPCU (Chartered Property Casualty Underwriter) designations – highlighting his commitment and expertise in valuing property in the insurance industry.
R. Lee Robinette, ASA, is President of Collateral Evaluation Associates, Inc. He has over 25 years of machinery & equipment and inventory appraisal experience. His firm specializes in appraising assets from a wide variety of manufacturing and industrial operations, as well as other more specialized or niche operations. Mr. Robinette has been a designated member of ASA for 33 years, an active volunteer and currently serves as a course developer and instructor.
Andrew Cohen is Cannabis Division Manager at Aaron Equipment Company. He has over 6 years of experience in the Used Equipment Business, specializing in Cannabis. Mr. Cohen has been a designated member of ASA for 3 years, and an active volunteer with numerous leadership positions, including most notably serving as New Member Board Member at TMA.
Anthony Gordon, ASA, is Manager of Asset Management and Remarketing at Farm Credit Leasing. He has over 25 years of experience in asset management and valuing equipment, specializing in agricultural and food processing equipment. MR. Gordon has been a designated member of ASA for 10 years, and an active volunteer with numerous leadership positions, including most notably serving as ELFA Equipment Management Committee Member and former IA, NE & SD ASA Chapter President.
Harry Ward is the President of DLS Marine. Harry is a US Navy veteran and has spent much of the past decade in the maritime industry in sales, finance and general management. He has extensive experience in asset and business valuation and is working to maintain DLS leadership in marine appraisal and survey for another 50 years. Harry is a graduate of the US Naval Academy and served as a helicopter pilot and survival instructor through multiple tours of duty. He has an MBA from San Diego State University.
ASA International Conference is the leading event for the global valuation profession. Backed by nearly a century of continued success, the Conference attracts thought leaders, practitioners, allied professionals, vendor partners, government agency personnel and more from all parts of the world. This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
This year’s hybrid format will be available both live and virtually, allowing attendees to learn and connect in their preferred environment. Join us on-site in Las Vegas or from the comfort of your home or office – the choice is yours! Both formats will allow you to explore the latest ideas, trends and best practices with leading presenters and interact and engage with fellow professionals.
Michele C. Quinn is private art consultant, specializing in post-war and contemporary art with over 25 years in the industry. Ms. Quinn is a certified member of the Women’s Business Enterprise (WBENC), is a previous board member and current member of the Association of Professional Art Advisors (APAA), and has been a member of ArtTable for more than 15 years. She has also served on the Board of Directors for the Art Museum at Symphony Park, (AMSP) and transitioned to the Board of Trustees for the Nevada Museum of Art (NMA) when they merged. Ms. Quinn completed the Comprehensive Appraisal Studies Program through the Appraisal Institute of America.
Steve Campbell is Master Printer and co-founder of Black Rock Editions in Santa Fe, New Mexico. After graduating with an MFA from the School of the Art Institute, Chicago in 1984, he joined Chicago print studio, Landfall Press. Mr. Campbell worked with the shop for 32 years as printer, director and salesperson until January 2020 when he and Christina Ziegler Campbell established the community-based Black Rock Editions, Santa Fe with an eye toward promoting under-represented artists.
Phil Michaelson is the CEO of LiveAuctioneers with more than 18 years of experience as a business leader bringing technological innovation and online marketing solutions to the fine art, antiques and auction sector. Michaelson’s leadership has been instrumental to LiveAuctioneers’ selection as a four-time winner of Crain’s Best Places to Work in NYC, Red Herring Top 100 North America winner, and Stevie® Award winner for excellent customer service.
Erwin Hungerbuhler is SVP of Global Sales & Customer Success at LiveAuctioneers with over 13 years of experience in growing partnerships with auction houses in more than 70 countries. He is an expert at troubleshooting and implementing well-rounded solutions, and creating enduring value for auction houses, ultimately supporting their business goals as they relate to buyer acquisition and sales growth. Mr. Hungerbuhler’s leadership has been instrumental in helping auction houses benefit from LiveAuctioneers’ position as the highest trafficked online bidding platform with more than 5 million website visits per month.
Joe Baratta is Abell’s VP of Business Development, and joined Abell in 2001. He earned his B.A. in Art History from Boston College and a certification in Appraisal Studies from New York University and is a member of the Appraisers Association of America. Among his responsibilities at Abell’s, Mr. Barratta represents Abell at all trust and estate conferences and estate planning councils; works with private and professional fiduciaries, trust officers, attorneys, and CPAs; and handles all marketing of important estates. In the past few years, Abell has represented the estates of Penny Marshall, Carol Channing, Judith Krantz, and other esteemed estates & collections from California and the Western United States.
Nancy Zander is the General Manager, Auctioneer, Fine Arts Specialist of Brunk Auctions with over 35 years of experience in the art world. With a beginning at Sotheby’s, she held leadership positions at Alexander Gallery, Spanierman Gallery, Barry Friedman Ltd., Barbara Israel Garden Traditions and John Molloy Gallery. With her own art and antiques business, she has advised and formed collections for private and corporate clients, and written extensively on fine art, gardens, and sustainable living.
Arnika Dawkins is the owner of her eponymous fine art photography gallery, Arnika Dawkins Gallery. The gallerist shows work by talented emerging and mid-career artists with a specialization in showing fine art photography by African Americans and images of people from the African Diaspora. Ms. Dawkins obtained a Master of Arts in Digital Photography from the Savannah College of Art and Design; and as a fine art photographer and avid collector herself, she is a valuable resource to collectors and artists alike. Arnika Dawkins Gallery is a member of the Association of International Photography Art Dealers (AIPAD).
Nicholas M. O’Donnell is a Partner in the Litigation Department of Sullivan & Worcester and the leader of the firm’s Art & Museum Law practice group. His practice focuses primarily on complex civil litigation, where he has served as lead counsel on a variety of lawsuits concerning restitution and fine art sales and has advised museums, dealers, auction houses, and collectors worldwide about restitution, copyright, and de-accessioning issues. He is Co-Chair of the Arts, Cultural Institutions and Heritage Law Committee of the International Bar Association, co-chair of the New York Chapter of the Responsible Art Market Initiative, and a member of the New York City Bar Art Law Committee. Mr. O’Donnell is the author of numerous articles and papers on the subject of art disputes and regulation, and the author of A Tragic Fate—Law and Ethics in the Battle Over Nazi Looted Art.
Susan Golashovsky, FASA is an independent Personal Property appraiser in Pennsylvania. Her appraisal practice specializes in antiques, decorative arts and folk art with clients in the corporate, governmental, institutional and private sectors. Susan has developed webinars and connoisseurship courses in various specialties for the Personal Property Committee of ASA. She is a recent past International President of ASA, a past Chair (and a current Director of) the ASA Educational Foundation, current Director for the ASA Philadelphia Chapter and the Personal Property representative on the ASA Board of Governors.
Stuart Lutz, AAA, has nearly 30 years of experience buying, selling, authenticating, and appraising historic documents, manuscripts and archives. He has sold materials by nearly every President, Albert Einstein, Susan B. Anthony, Napoleon and other prominent figures. Mr. Lutz has written several articles on manuscripts and can frequently be seen on the television show ‘Pawn Stars’ filmed in Las Vegas, Nevada.
Genice Lee, ASA, is President at Harvest Estate and Appraisal Services LLC. She has over 17 years of experience in appraising, specializing in residential content. Ms. Lee has been a designated member of ASA for 15 of years, and an active volunteer with numerous leadership positions, including most notably serving as past president of the Washington DC chapter, member of the PR committee and member of the diversity committee.
Diane Dinkins Carr, ASA is president and founder of DDC Consulting Group, Inc., an art appraisal and consulting company that provides appraisal, advisory, and resource services for visual arts. She serves and served on several boards and organizations, most notably for South Side Community Art Center, the oldest African-American art center, for 30 years. With a designation in the fine arts, Ms. Carr is a member of the American Society of Appraisers (ASA), and International Society of Appraisers (AM). Her academic record includes Appraisal Studies in Fine and Decorative Arts, Northwestern University, Chicago, IL, B.A. in Design from the University of Illinois, Chicago, graduate studies Urban Planning and Policies University of Illinois, Chicago.
Nanne Dekking is the co-founder and CEO of Artory LLC, New York and Artory GmbH, Berlin. In his former position at Sotheby’s New York, Dekking was Vice Chairman and the Worldwide Head of Private Sales. His close relationships with collectors and museums in North America, Asia and Europe were integral to the continued growth of private sales at Sotheby’s. Prior to joining Sotheby’s, He was Vice President of Wildenstein & Co. and advised individuals, museums and foundations on the formation and development of their collections. Mr. Dekking was the Chairman of the Board of Trustees of The European Fine Art Fair (TEFAF) through June 2020 and is a current advisory board member of the Responsible Art Market Initiative.
Dean Sobel is Associate Professor of the Practice of Art History and Museum Studies at the University of Denver (DU). Prior to joining DU, Sobel enjoyed a 35-year art museum career, most recently as founding director of Denver’s acclaimed Clyfford Still Museum. He also served as director at the Aspen Art Museum and chief curator/curator of contemporary art at the Milwaukee Art Museum. As a curator, he organized and circulated over 60 exhibitions on a range of modern and contemporary artists and subjects, including retrospectives of Vito Acconci and Jackie Winsor; one-artist projects with Louise Bourgeois, Cindy Sherman, Felix Gonzalez-Torres, Stan Douglas, and Olafur Eliasson; and other group shows.
Terri Cohn, MA is Principal at Terri Cohn Art Services. She has more than 40 years of experience as a curator, writer, and art historian, who works with artists at all career stages and advises artists’ estates. Her consulting practice Terri Cohn Art Services provides research, writing, appraisal, and curatorial services for artists, galleries and museums. She specializes in modern and contemporary fine art. Ms. Cohn is a Candidate Member of ASA. She has been actively involved with the Northern California ASA chapter, and in 2019 she presented the talk Art and Archives: Three Perspectives – The Challenges and Insights in Amassing an Archive for the local chapter.
Kathy Andrews, ASA, MFA, is the owner of Kathy Andrews Art Services, LLC. She has over 30 years of experience in the fine arts field as an appraiser, curator, and non-profit director, specializing in modern and contemporary art. Ms. Andrews has been a designated member of ASA for 7 years, and an active volunteer serving on the Personal Property Committee.
Robin M. Bonner joined IRS Art Appraisal Services after 35 years as an artist, gallery director, gallery owner, private dealer, and independent appraiser. Before joining the Service, she owned RBW Fine Art Appraisal Services with offices in the Washington, D.C. area and Santa Fe, N.M. Ms. Bonner has experience in appraising and appraisal reviews of 19th-21st century fine art and other types of cultural properties totaling billions of dollars. She served on the Washington, D.C. chapter board of the American Society of Appraisers, and the Washington, D.C. chapter and national board of ArtTable in New York. She currently serves on the Personal Property Resource Panel for The Appraisal Foundation, Washington, D.C; The Cultural Antiquities Task Force of the U.S. Department of State.
Karin Gross is an attorney in the National Office of the Internal Revenue Service in Washington, D.C. She has over 30 years’ experience specializing in the federal charitable contribution deduction and is an expert on deductions for donations of property. Ms. Gross advises the IRS’s Art Appraisal Services and the IRS’s real property appraisers on matters of tax law under the Internal Revenue Code. She is also an author of the final regulations on qualified appraisals of contributed property. She is a graduate of the University of Wisconsin Law School and received a graduate tax law degree from Georgetown University. Ms. Gross is also a member of the DC Bar.
ASA International Conference is the leading event for the global valuation profession. Backed by nearly a century of continued success, the Conference attracts thought leaders, practitioners, allied professionals, vendor partners, government agency personnel and more from all parts of the world. This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
This year’s hybrid format will be available both live and virtually, allowing attendees to learn and connect in their preferred environment. Join us on-site in Las Vegas or from the comfort of your home or office – the choice is yours! Both formats will allow you to explore the latest ideas, trends and best practices with leading presenters and interact and engage with fellow professionals.
Barry J Cunningham has been appraising real estate and consulting on related litigation for 30 years. He has worked in dozens of states and participated in hundreds of informal negotiations, settlement conferences, and mediations, with a main focus on larger complex property valuations. Mr. Cunningham also holds the prestigious MAI designation from the Appraisal Institute and completed a rigorous and unparalleled 18-credit graduate school Certificate in Mediation and Conflict Resolution from Champlain College’s Woodbury Institute.
Terry Taylor, ASA, CAE, RES, AAS is Director, Real Estate Residential Assessment at Orange County Property Appraiser’s Office. He has over 30 years of experience in Ad Valorem Mass Appraisal, specializing in Real Property. Mr. Taylor has been a designated member of ASA since 2020 and an active volunteer with numerous leadership positions, including most notably a member on the Board of Directors with the International Association of Assessing Officers.
Robbie Wilson, ASA, is president of Appraisal Analytics, Incorporated and owner of Park One Realty in Dallas, TX. As a utility valuation expert his firm specializes in water/wastewater utilities valuation services. Mr. Wilson is recognized in the appraisal industry as a subject matter expert (SME) on Appraisal Standards and Ethics, FIRREA, Dodd-Frank Act, Government Regulations and Laws, and GSEs mortgage loan underwriting guidelines, etc. and teaches AQB pre-licensing and Continuing Education courses throughout the country. He has served in numerous leadership positions and is current member of “TALCB’s Texas ACE Course Working Group”.
Raymond Moran, ASA, MRICS is a Managing Director with FON Advisors, LLC, an investment bank headquartered in Washington, DC. Prior to that, he founded MG Valuation LLC, a valuation firm with a global alliance in 17 countries focused on financial and tax reporting, litigation support, real estate, and opinion services. He was a Senior Vice President with American Appraisal Associates, managing it’s US Real Estate, Machinery & Equipment and Asian operations over his tenure. He’s a frequent speaker and author on global and US valuation issues, and contributing author to Financial Valuation: Applications and Models. He’s a past Editor of the ASA M&TS Journal, past member of the ASA M&TS Committee, and current Board member and Chair of the International Institute of Business Valuers (iiBV) marketing committee
Brian Holloway, ASA, is a Principal at Frazier & Deeter and leader of the Valuation Practice. He has more than 20 years of experience providing valuation, litigation, and consulting services to attorneys, accountants, chief financial officers, corporate controllers, tax directors, and other upper-level management. Mr. Holloway has participated in a variety of U.S. and international engagements for a wide range of purposes including, mergers and acquisitions, financial reporting, recapitalizations, gift and estate taxes, dispute resolution, economic damages, healthcare regulatory compliance purposes, and more.
Scott Kellenberger, ASA, MAI, is Managing Director at Corporate Valuation Advisors, Inc. He has over 25 years of experience in real property valuation and consulting related to a wide range of investment real estate, user-based, specialized real estate, and real estate-related enterprises including hotel and gaming facilities. Mr. Kellenberger has been a designated member of ASA for over 19 years, and an active volunteer with numerous leadership positions, including most notably serving as President of the Wisconsin Chapter.
Micheal R. Lohmeier, FASA, MMAO, PPE, MAI, SRA, RES, is the City Assessor of the City of Novi, MI. He has over 30 years of experience in the valuation profession and has served in both the public and private sectors. He has most notably served as Region Governor of the ASA, past President of the Detroit Chapter ASA, as well as past President of the Great Lakes Chapter Appraisal Institute, and has held numerous officer and board roles for various professional associations. Mr. Lohmeier has been actively involved in the education field of appraisal and property tax for many years involving the American Society of Appraisers, the Appraisal Institute, and more.
PJ Patel, ASA, is co-CEO/senior managing director and member of the board of directors for Valuation Research Corporation. Mr. Patel specializes in the valuation of businesses, assets and liabilities for financial reporting purposes. He holds the designations of chartered financial analyst (CFA) and accredited senior appraiser (ASA), is an active member of the AITF, and at the Appraisal Foundation’s Working Group preparing an industry Practice Aid for valuing customer related assets.
John Marcus, ASA, is the managing partner at the Marcus Group appraising Machinery and Equipment for almost 27 years. He has technical experience as a plant facility engineer for IBM and civil engineering at DMJM. He is a special property valuation appraiser with an Accredited Senior Appraiser designation for 22 years from the American Society of Appraisers – Machinery and Technical Specialties. He has served two consecutive terms as President of the Hudson Valley New York Chapter – ASA, and is currently a chapter officer on the Phoenix Chapter Board – ASA.
Dr. Randall Bell, Ph.D., MAI, specializes in real estate damage economics and was retained on Hurricane Katrina, the Bikini Atoll Nuclear Test Sites, the World Trade Center and the Flight 93 Crash Site. He specializes in measuring the economic impact that detrimental conditions have on property values. Dr. Bell was the founder and Managing Director of the real estate damages practice at PricewaterhouseCoopers. He is a licensed broker and a member of the International Right of Way Association. Dr. Bell is also the author of the textbook, “Real Estate Damages, 3rd Edition,” published by the Appraisal Institute.
Ernest A. Demba, FASA, FASA-R-P, FASA-ARM-R-P, IFAS, FRICS, and CVS, is owner of Demba Valuation Services. He has over 45 years of experience in real property valuation, completing assignments throughout the United States, as well as testifying as an expert witness in various courts. Mr. Demba is also a reviewer, consultant, educator and an AQB Certified USPAP Instructor by the Appraiser Qualifications Board of The Appraisal Foundation. He has been a designated member of ASA for 42 years, an active volunteer with numerous leadership positions, including currently serving on the Real Property-NAIFA and Appraisal Review & Management Discipline Committees.
William P. (Bill) Wilson III, FASA, CRP, CG-002 is the owner of the Wm. P. Wilson Company, and has over 40 years of experience in Real Property Appraisals specializing in commercial, multi-family, litigation support, and relocation appraisals. He is an AQB Certified USPAP Instructor by the Appraiser Qualification Board (AQB) of The Appraisal Foundation. Mr. Wilson has been a designated member of ASA for over 40 years, and an active volunteer with numerous leadership positions, including most notably serving as Chairman of the Real Property committee, Board of Governors RP Discipline governor, President of ASA’s Knoxville Chapter, a member International Education committee, and the RP Representative for the International Appraisers Conference.
Richard (Dick) Gilmore ARA, FRICS, FASA is a designated real property appraiser who performs financial and banking consulting nationwide. He is valuation expert and regularly teaches valuation courses and Conservation Easement Valuation course for AI, ASA and ASFMRA. He works in specialized agricultural property valuation and consulting. Dick operates Agvisory LLC from Charlton Mass. Agvisory is a national agricultural valuation firm that performs appraisal reviews for banks and financial institutions and also provides consulting to agribusiness nationwide.
ASA International Conference is the leading event for the global valuation profession. Backed by nearly a century of continued success, the Conference attracts thought leaders, practitioners, allied professionals, vendor partners, government agency personnel and more from all parts of the world. This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
This year’s hybrid format will be available both live and virtually, allowing attendees to learn and connect in their preferred environment. Join us on-site in Las Vegas or from the comfort of your home or office – the choice is yours! Both formats will allow you to explore the latest ideas, trends and best practices with leading presenters and interact and engage with fellow professionals.
Jeffrey W. Brend, ASA, CPA/ABV, CFE, CFF, AAML is an Attorney at Levin & Brend, P.C. He has over 20 years of experience in mediation and family law; additional specialties in financial mediation, forensic accounting and business valuation; and named a LexisNexis Martindale-Hubbell AV-rated attorney and a 2007-2016 Illinois Super Lawyer. Mr. Brend has been a member of ASA for 24 years and is the Past President of the American Academy of Matrimonial Lawyers, Illinois Chapter.
Craig M. Capilla is an Attorney at Franklin Law Group. He has over a decade of experience in professional liability. In his present role as trial lawyer, he has defended individuals and businesses in a wide range of civil matters including numerous residential and commercial appraisers and appraisal firms accused of negligence or improper activity in their valuation services. Mr. Capilla has been recognized as a “Rising Star” by Illinois Super Lawyers for 2018-2020.
Mark A. Munizzo, MS, ASA-RP, MAI, CAE, RWAC, IFAS, CIAO, is the founder and President of The Equity Network, Inc. a Real Estate Appraisal, Advisory, and Consulting services group, and an Adjunct Professor for Roosevelt University’s Chicago School of Real Estate. Mr. Munizzo has practiced in the Chicagoland market and surrounding states for over 40 years and has authored, co-authored, or edited over two dozen titles including the entire curriculum required for appraisal licensing and certification across the U.S.
Genice Lee, ASA, is President at Harvest Estate and Appraisal Services LLC. She has over 17 years of experience in appraising, specializing in residential content. Ms. Lee has been a designated member of ASA for 15 of years, and an active volunteer with numerous leadership positions, including most notably serving as past president of the Washington DC chapter, member of the PR committee and member of the diversity committee.
Meighan Harmon focuses on complex family law cases involving the distribution of multi-million dollar estates and represents successful business professionals and their spouses from a variety of industries, as well as individuals with multi-generational wealth. Meighan is a versatile attorney who provides her clients a wide range of options for resolving their disputes. She is an experienced litigator as well as a trained collaborative lawyer and a family law mediator.
Theresa (Teri) Brossmer, GG (GIA), ASA, ARM-GJ, Master Gemologist Appraiser, AQB Certified USPAP Instructor owns and operates Gem Appraisals Unlimited, LLC in Glendora, CA. She has over 35 years of experience in gem and jewelry valuation, specializing in litigation support involving jewelry appraisal standard of care and post-loss valuation of gems and jewelry. Ms. Brossmer earned her Graduate Gemologist credential from the Gemological Institute of America in 1981. She has been a designated member of ASA for 16 years, and an active volunteer with numerous leadership positions, including most notably serving as GJ Discipline Chair and GJ Education Chair involved in the development and instruction of International GJ POV classes.
Robert Schlegel, FASA, is Principal at Houlihan Valuation Advisors. He has over 30 years of experience in business appraisal, with extensive work in marital and partnership dissolutions, estate planning, market studies, statistical analysis, and forensic accounting; and also has testified as an expert, authored/instructed training courses and served as an arbitrator. Mr. Schlegel has been a designed member of ASA for 29 years, an active volunteer with numerous leadership positions, most notably serving as International President.
Melanie Modica, ASA, ARM, CFLC is the owner of Modica Fine Art LLC, in Houston specializing in art appraisals, personal property appraisal reviews, and litigation services. Ms. Modica is an instructor for ASA’s AR204 Application and Report Writing class and assisted in the creation of the new Four ARM program by developing the new AR203 Managing Multifaceted Assignments POV class. She is a past president of the Houston chapter, serves as the Houston chapter ARM Discipline Chair, and as the ASA ARM Committee Educational Development Chair.
Ed Kainen is the senior and managing partner of the Las Vegas law firm Kainen Law Group, PLLC. Mr. Kainen is an elected Fellow of the American Academy of Matrimonial Lawyers and the International Academy of Family Lawyers. He is a Nevada Board Certified Specialist in Family Law and is also Board Certified in Family Trial Law by the National Board of Trial Advocacy. Mr. Kainen was the first Chair of the Nevada Board of Certified Family Law Specialists, holding that position for five years, and the Immediate Past President of the Nevada Chapter of the American Academy of Matrimonial Lawyers.
Vanita Spaulding, CFA, ASA, MBA is the Business Valuation Partner at SingerLewak. She has over 35 years of experience in business valuation. Over the last five years she has specialized in cannabis business valuation throughout the United States, in Canada, and Colombia SA. Ms. Spaulding has been a designated member of ASA for 30 years. Ms. Spaulding taught the business valuation POV courses for five years throughout the US and in Rio de Janeiro, Brazil, and is a Past President of the Los Angeles Chapter of ASA.
Christopher Garlick is the owner of Foss Consulting Group. After graduating from the University of Chapman Chris began his career as a research analyst for business valuations before moving to real estate valuations in 2014. Foss Consulting Group covers most property types with a strong focus on commercial appraisals and the intricacies and specific requirements of small business financing. His company works closely with lenders, the Small Business Administration (SBA) and numerous CDC (Certified Development Company) agencies.
Jack Young ASA, ARM, CPA is President of NorCal Valuation. He has nearly 20 years of valuation experience specializing in machinery & equipment and appraisal review for litigation support. Mr. Young has served as an expert witness in state and federal court as well as testifying before many tax appeals boards. He has been a designated member of ASA for 12 years and an active volunteer with numerous leadership positions, including ASA NorCal chapter past president, MTS and ARM course developer and ARM instructor. He currently serves as the ARM Committee Past Chair and ARM E-Journal Editor.
Jay E. Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974. He specializes in the valuation of business enterprises and their intangible assets. Mr. Fishman has co-authored several books, including the Guide to Business Valuations, Standards of Value, A Consensus View Q&A Guide to Financial Valuation and The Business Valuation Bench Book. He has taught courses on business valuation to several renowned businesses internationally, most notably to the Internal Revenue Service. In 2020, ASA recognized his outstanding services in the Society and contributions to the appraisal profession and gave him their Lifetime Achievement Award.
Peter Christensen, JD, is an attorney and the principal of the Christensen Law Firm – Valuation Legal. Mr. Christensen’s law practice is focused on legal and regulatory matters concerning valuation and related services. He’s the former general to the largest provider of professional liability insurance to appraisers and appraisal firms. Mr. Christensen is also the author of Risk Management for Real Estate Appraisers and Appraisal Firms, published in 2019 by the Appraisal Institute.
Sheri Thome is the Regional Managing Partner of the Las Vegas office of Wilson, Elser, Moskowitz, Edelman & Dicker, LLP, a national law firm. Ms. Thome earned her Doctor of Law from the University of Southern California and has been practicing in the industry for over 25 years, representing professionals in both administrative proceedings and civil litigation. Ms. Thome also practices insurance coverage work, and regularly defends insurers in civil matters.
ASA International Conference is the leading event for the global valuation profession. Backed by nearly a century of continued success, the Conference attracts thought leaders, practitioners, allied professionals, vendor partners, government agency personnel and more from all parts of the world. This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
This year’s hybrid format will be available both live and virtually, allowing attendees to learn and connect in their preferred environment. Join us on-site in Las Vegas or from the comfort of your home or office – the choice is yours! Both formats will allow you to explore the latest ideas, trends and best practices with leading presenters and interact and engage with fellow professionals.
Jeffrey W. Brend, ASA, CPA/ABV, CFE, CFF, AAML is an Attorney at Levin & Brend, P.C. He has over 20 years of experience in mediation and family law; additional specialties in financial mediation, forensic accounting and business valuation; and named a LexisNexis Martindale-Hubbell AV-rated attorney and a 2007-2016 Illinois Super Lawyer. Mr. Brend has been a member of ASA for 24 years and is the Past President of the American Academy of Matrimonial Lawyers, Illinois Chapter.
Craig M. Capilla is an Attorney at Franklin Law Group. He has over a decade of experience in professional liability. In his present role as trial lawyer, he has defended individuals and businesses in a wide range of civil matters including numerous residential and commercial appraisers and appraisal firms accused of negligence or improper activity in their valuation services. Mr. Capilla has been recognized as a “Rising Star” by Illinois Super Lawyers for 2018-2020.
Mark A. Munizzo, MS, ASA-RP, MAI, CAE, RWAC, IFAS, CIAO, is the founder and President of The Equity Network, Inc. a Real Estate Appraisal, Advisory, and Consulting services group, and an Adjunct Professor for Roosevelt University’s Chicago School of Real Estate. Mr. Munizzo has practiced in the Chicagoland market and surrounding states for over 40 years and has authored, co-authored, or edited over two dozen titles including the entire curriculum required for appraisal licensing and certification across the U.S.
Genice Lee, ASA, is President at Harvest Estate and Appraisal Services LLC. She has over 17 years of experience in appraising, specializing in residential content. Ms. Lee has been a designated member of ASA for 15 of years, and an active volunteer with numerous leadership positions, including most notably serving as past president of the Washington DC chapter, member of the PR committee and member of the diversity committee.
Meighan Harmon focuses on complex family law cases involving the distribution of multi-million dollar estates and represents successful business professionals and their spouses from a variety of industries, as well as individuals with multi-generational wealth. Meighan is a versatile attorney who provides her clients a wide range of options for resolving their disputes. She is an experienced litigator as well as a trained collaborative lawyer and a family law mediator.
Theresa (Teri) Brossmer, GG (GIA), ASA, ARM-GJ, Master Gemologist Appraiser, AQB Certified USPAP Instructor owns and operates Gem Appraisals Unlimited, LLC in Glendora, CA. She has over 35 years of experience in gem and jewelry valuation, specializing in litigation support involving jewelry appraisal standard of care and post-loss valuation of gems and jewelry. Ms. Brossmer earned her Graduate Gemologist credential from the Gemological Institute of America in 1981. She has been a designated member of ASA for 16 years, and an active volunteer with numerous leadership positions, including most notably serving as GJ Discipline Chair and GJ Education Chair involved in the development and instruction of International GJ POV classes.
Courtney Elkins Marquez is a Certified GIA gemologist. Her family has been in the jewelry business for 5 generations and she is the Owner at Running Bear Trading. Ms. Elkins has over 15 years of experience in Native American Jewelry, specializing in Turquoise Jewelry.
Gina D’Onofrio, FGA, ASA, MGA, is Director at Jewelry Appraisal Services. She has over 30 years of experience in retail, design, estate buying, appraisal and auction sectors of the jewelry business, specializing in 20th Century, fine jewelry & watch appraisals and education. Ms. D’Onofrio has been a designated member of ASA for 11 years, and an active volunteer with numerous leadership positions, including most notably serving as past Gems & Jewelry Education Chair.
E. Billie Hughes, FGA, is the co-founder of Lotus Gemology. She has ten years’ experience in gemology, particularly in determining the origin and treatment of ruby, sapphire, spinel and jade. Ms. Hughes is also an award-winning photomicrographer and has co-authored three books on gemological topics, as well a number of papers on the same.
Richard W. Hughes is the co-founder of Lotus Gemology. He is a world authority on ruby, sapphire, spinel and jade and has authored over 200 papers and many books on those subjects. Richard has received numerous industry awards over his four decades in the gemological field. He is on the board of the Accredited Gemologists Association and on the editorial review boards of Gems & Gemology and the Australian Gemmologist.
Duncan Parker, FGA, FCGmA, CAP (CJA) was a director of research at Harold Weinstein Ltd. Mr. Parker specializes in the disposition of personal jewelry. He is a columnist and contributor for industry magazines and journals, and has been an instructor of the gemstone course at Ryerson University, the Gemmology courses of George Brown College and Canadian Gemmological Association as well as instructor Master Valuer Program with the Canadian Jewelers Association. Mr. Parker has served as President of the Canadian Gemmological Association since 1995. Duncan Parker is also an author of many articles in Canadian Jeweller, Jewellery Business and Canadian Gemmologist magazines.
Jonathon Burford is senor specialist and Vice President at Sotheby’s. He has over 12 years of experience in vintage and modern wristwatches, specializing in post war wristwatches with a bachelor’s degree in business and economics. Mr. Burford worked as Head of Watches for the London based startup Privatus and subsequently worked as an advisor and dealer whilst also writing and presenting on all things watches. In 2015, he relocated to California and joined an international auction house as their West Coast Watch Specialist. He joined Sotheby’s in 2019 and now heads the watches department operations on the US West Coast, also covering Mexico and Canada.
Charles Carmona, ASA is a Graduate Gemologist (GIA, 1978) and an Accredited Senior Appraiser (ASA, 1986). He established Guild Laboratories in Los Angeles in 1980 and serves clients with gemstone testing and grading services and jewelry, gemstone, watch and numismatic appraisals. He has been a consultant for the World Bank and regularly performs appraisals for federal, state and local agencies, as well as the gem and jewelry trade, museums, banks, accountants, attorneys and the general public. He is a noted author and speaker and has led gem mining trips to Brazil, Thailand, Sri Lanka, Madagascar and numerous U.S. locations.
Robin M. Bonner joined IRS Art Appraisal Services after 35 years as an artist, gallery director, gallery owner, private dealer, and independent appraiser. Before joining the Service, she owned RBW Fine Art Appraisal Services with offices in the Washington, D.C. area and Santa Fe, N.M. Ms. Bonner has experience in appraising and appraisal reviews of 19th-21st century fine art and other types of cultural properties totaling billions of dollars. She served on the Washington, D.C. chapter board of the American Society of Appraisers, and the Washington, D.C. chapter and national board of ArtTable in New York. She currently serves on the Personal Property Resource Panel for The Appraisal Foundation, Washington, D.C; The Cultural Antiquities Task Force of the U.S. Department of State.
Karin Gross is an attorney in the National Office of the Internal Revenue Service in Washington, D.C. She has over 30 years’ experience specializing in the federal charitable contribution deduction and is an expert on deductions for donations of property. Ms. Gross advises the IRS’s Art Appraisal Services and the IRS’s real property appraisers on matters of tax law under the Internal Revenue Code. She is also an author of the final regulations on qualified appraisals of contributed property. She is a graduate of the University of Wisconsin Law School and received a graduate tax law degree from Georgetown University. Ms. Gross is also a member of the DC Bar.
The idea of adaption has loomed throughout the appraisal profession over the past year. However, with COVID19 striking close to home, new and innovative ways have emerged to bring a sense of normalcy. One of the many pioneers of adaption has been ASA-NAIFA New Jersey State Educational Committee and Conference Chair, Robert A. Solotist, ASA, IFA. In a short period, they were able to bring the ASA-NAIFA Eastern Region Appraisal Conference to the comfort of your home.
Held on June 9-10, 2021, on a virtual platform, the conference touched upon important topics such as Economics, the Pandemic and the Real Estate Industry; Conflict Resolution; Current Trends in Sustainable building Techniques, impact on Value and Marketability; Appraiser Liability and Risk Management; Appraising for Regional and Community Banks; Winning at Tax Appeals, and Appraising Casinos using the cost approach. As part of a long-standing tradition for the event, a portion of the proceeds and donations from our Sponsors and registrants were graciously presented to Goryeb Children’s Hospital on behalf of the Conference.
For many years the Conference has selected local charitable organizations to receive funds collected at the event as a way to give back and make a difference in the community.
As we find more ways to adapt, we thank those who were able to attend this event.
Mike Hill Sr, FASA, passed away at 78 years old on Thursday, June 10, 2021. Mike was a founder and president of Hill Schwartz Spilker Keller, LLC. He graduated from the University of Texas at Austin with a degree in chemical engineering and later earned his master’s in business administration at Lamar Tech in Beaumont, Texas. Mike had been a member of ASA since 1980.
For almost 40 years, Mike was an active member of the ASA and held many leadership positions, including most notably serving as a founding member and Chairman of the ASA Business Valuation Committee, a Regional Governor of the ASA Board of Governors, as well as the ASA Houston Chapter President, Vice President, and Secretary. He also was a member of the Board of Trustees of The Appraisal Foundation and subsequently became Chairman. In addition, Mike helped author some of the first ASA business valuation courses and was a long-time BV course instructor.
As testament to his dedication and service, he was inducted into ASA’s College of Fellows in 1997 and was conferred the prestigious designation of Fellow (FASA), the highest honor ASA bestows. In 2017, ASA recognized his outstanding services in the Society and contributions to the appraisal profession and gave him their Lifetime Achievement Award.
The Hill family has expressed thanks for the condolences and support from fellow ASA members. Read Mike Sr.’s obituary here.
us. This journey (virtual for the first time) started for them last October and concluded last month.
June also wrapped up a couple of ASA’s discipline-specific conferences; the 2021 ASA Equipment Valuation Conference and 2021 ASA Fair Value Conference. It was great to see both virtual events having a list of expert speakers and professionals from around the world attend, and I enjoyed sharing pertinent ASA updates, as well as networking with everyone during the breaks. I am looking forward to next year with bringing them back as in-person programs.
In other ASA news, ASA recently updated its BV Accredited Member (AM) designation program to meet continued market demand for qualified business valuation experts. It’s known that experts who hold the AM credential stand apart from others, as earning the AM designation is tough and like a Master’s Degree for valuers. Holders are connected to a preeminent network of fellow member experts, all of which is backed by the oldest and most globally recognized organization representing all appraisal specialists – ASA. There are also special equivalency pathways available for ABVs, CBVs & CFAs.
The Internal Revenue Service (IRS) is currently accepting applications to serve on the Internal Revenue Service Advisory Council (IRSAC) for three-year appointments beginning in January 2022. IRSAC serves as an advisory body to the Commissioner and provides an organized public forum for discussion of relevant tax administration issues between IRS officials and representatives of the public. Applications will be accepted until this Friday, July 9th. For more information and how to apply, click here.
In order to bring our real property members a wider range of eLearning opportunities, I’m pleased to mention that ASA has partnered with McKissock Learning to provide online USPAP courses as well as online Real Property appraisal course options. Whether you are looking, to earn your real estate appraisers license, take a USPAP class or earn continuing education hours for ASA or for your state license, you will find single courses or complete packages covering qualifying and continuing education requirements.
