ERIC L. RISBERG, MAI, ASA, SRA
President & Founder
Advanced Appraisal International, Inc.
220 Montgomery Street, Suite 1068, San Francisco, CA 94104
(415) 531-1414 phone
www.advanced-appraisal.com

INTRODUCTION:
Eric Risberg has been advising clients on commercial real estate matters since 1993.
Mr. Risberg is the founder of Advanced Appraisal International, Inc., based in San
Francisco, California. Earlier in his career, he provided commercial real estate
appraisal services to American Appraisal Associates, the world’s largest independent
valuation firm.

Mr. Risberg has appraised property for more than 500 clients, including over 20
Fortune 500 companies. He has appraised property in over 30 states. His appraisals
cover a wide range of properties, such as large multi-tenant and single-tenant retail
properties, suburban and downtown office buildings, mixed-use facilities, industrial
facilities, hotels, waterfront properties, right-of-ways, easements, ground leases,
subdivisions, resort properties, golf courses, vineyards, and thousands of acres of
land. He has also appraised all types of residential real estate including: single
family homes, high-rise and low-rise apartment buildings, entire condominium
complexes, tenancies in common, ranches, cooperatives, timeshares and individual
condominium units.

He has also provided fair market rental determinations on leased property for a
variety of property types for use in arbitration, mediation, litigation and other
purposes.

Large appraisal projects include: participation in the valuation of the Xerox
Technology Center in Rockford, New York, a facility of nearly 7 million square feet of
office, industrial, and research & development space; Crocker Galleria, a shopping
mall located in downtown San Francisco with over 40 tenants; 1000 Van Ness Avenue,
a 400,000+ square foot structure that includes 14 Movie Theaters and numerous
retailers. Other particularly noteworthy projects included participation in the
valuation of more than 200 investment-grade properties for a major U.S. Life
Insurance Company; more than 50 hotel valuations for Marriott International;
nationwide retail property portfolio for Copley Real Estate Advisors; and the appraisal
of high-rise office buildings in Los Angeles, Chicago and San Francisco. In his career he
has also valued the land at nearly every large oil refinery in the State of California.
Mr. Risberg has appraised billions of dollars of real estate and related capital assets.
He has appraised properties for the purposes of: purchase, sale, corporate planning,
ad valorem tax, estate planning, financing, donation, arbitration, litigation,
mediation and allocation of purchase price. He has provided opinions of market value
for sale in the open market and in-use. Mr. Risberg has provided valuation services to
a wide variety of law firms. He has testified as an expert in trial and pretrial hearings
requiring advanced and complex property valuation knowledge.

AIRPORT VALUATION EXPERIENCE:
Appraisal, consulting or advisory services related to, or directly involving, all or
portions of:
San Francisco International Airport
Oakland International Airport
Sacramento International Airport
San Jose International Airport
St. Louis International Airport /McDonnell Douglas Operations
San Bernardino Airport
Sonoma Valley Airport

LARGE APPRAISAL PROJECT EXPERIENCE / FAIR MARKET VALUE IN-USE:
Chemical Plants/Refinery Assets
Armory Facilities
Trucking Facilities
Food Processing Plants
Corn Wet Mill Plants/Ethanol Plants
Research and Development Technology Centers

EXPERT WITNESS AND LITIGATION EXPERIENCE:
Eric L. Risberg, MAI, ASA has provided expert opinions and analysis to law firms on the
following topics:
Agent/Broker standard of care
Appraisal of office, retail, industrial, and residential buildings
Appraiser standard of care
Before-and-after damages valuations
Building code compliance
Cold Storage/Freezer Warehouse Facilities
Construction defect litigation
Development land
Duty to mitigate issues
Fair market rental rate determinations and other lease analyses
Gas station and convenience store valuations
Ground lease valuation and analysis
Hotel valuations
Insurable values and appraisal applications in insurance matters
Landlord / tenant disputes
Market conditions and changes in the real estate market
Partial interests / fractional interests in real property
Prospective valuations (future values)
Rent loss and damages calculations
Retrospective valuations (historical values)
Single family home property owner disputes
The Uniform Standards of Professional Appraisal Practice (USPAP)
Waterfront properties

PROFESSIONAL ACCREDITATIONS AND DESIGNATIONS:
Appraisal Institute, Designated Member
American Society of Appraisers, Accredited Senior Appraiser
National Association of Realtors
California Association of Realtors
San Francisco Association of Realtors
Wisconsin Real Estate Alumni Asssociation (WREAA)
Professional Development, Area of Specialization -- Litigation, Appraisal Institute

STATE CERTIFICATIONS AND LICENSES:
Certified General Real Estate Appraiser, State of California, No. AG025802
State of California Real Estate Broker, No. 01231982
Certified General Real Estate Appraiser, State of Hawaii, No. 624
Certified General Real Estate Appraiser, State of Texas, No. 1380153


COLLEGE EDUCATION:
University of Wisconsin at Madison: Bachelor of Business Administration - 1992
Double Major: Real Estate and Urban Land Economics; Risk Management and Insurance


EXPERT WITNESS AND LITIGATION EXPERIENCE/CASE HISTORY:
Expert Witness on Over 30 Occasions.  See http://www.advanced-appraisal.com/witness.htm for a full list of Cases


CONTINUING EDUCATION COURSES:
Year Title and Course Provider

1994 Appraisal Principles (110) - Appraisal Institute
1994 Basic Income Capitalization (310) - Appraisal Institute
1995 Standard of Professional Practice, Part A (410) - Appraisal Institute
1995 Standards of Professional Practice, Part B (420) - Appraisal Institute
1996 Highest and Best Use & Markey Analysis (520) - Appraisal Institute
1996 Report Writing & Valuation Analysis (540) - Appraisal Institute
1997 510 - Advanced Income Capitalization (510) - Appraisal Institute
1997 Appraisal of Nursing Facilities - Appraisal Institute
1997 Appraisal Procedures (120) - Appraisal Institute
1997 Real Estate Practice - Allied Real Estate School
1997 Real Estate Principles - Allied Real Estate School
1999 Advanced Applications (550) - Appraisal Institute
1999 Uniform Standards of Professional Appraisal Practice (100) - American Society of Appraisers
2001 Agency Relationship, Duties & Disclosure - Allied Real Estate School
2001 Ethics, Professional Conduct & Legal Aspects - Allied Real Estate School
2001 Fair Housing - Allied Real Estate School
2001 Information Technology & The Appraiser - McKissock
2001 Legal Aspects of Real Estate - Allied Real Estate School
2001 Property Management - Allied Real Estate School
2001 Real Estate Fraud and The Appraiser's Role - McKissock
2001 The Appraiser as Expert Witness - McKissock
2001 Trust Fund Handling - Allied Real Estate School
2002 Advanced Sales Comparison and Cost Approaches - Appraisal Institute
2002 Consumer Protection (1131) - Anthony Schools
2002 Consumer Protection (1144) - Anthony Schools
2003 General Demonstration Appraisal Report Writing - Appraisal Institute
2003 Small Hotel/Motel Valuation (660) - Appraisal Institute
2003 Understanding the Assessment Appeal Process - Appraisal Institute
2003 Uniform Standards of Professional Practice (5.0) (required update) - NAIFA
2004 Construction Issues for Appraisers - McKissock
2004 Valuation of Vineyards and Wineries (835) - Appraisal Institute
2004 Vineyard Valuation IV Seminar - Appraisal Institute
2005 Appraisal Law - Key Realty School
2005 Case Studies in Limited Partnerships and Common Tenancy Valuation - Appraisal Institute
2005 National USPAP Course (126) - Anthony Schools
2006 Agency Relationship, Duties & Disclosure (required 5 yr update) - Allied Real Estate School
2006 Ethics, Professional Conduct & Legal Aspects (required 5 yr update) - Allied Real Estate School
2006 Fair Housing (required 5 yr update) - Allied Real Estate School
2006 Financing Options to Increase Sales - Allied Real Estate School
2006 Protect Yourself and Your Clients - Allied Real Estate School
2006 Trust Fund Handling (required 5 yr update) - Allied Real Estate School
2007 Business Practice and Ethics - Appraisal Institute
2007 Construction Details & Trends - McKissock
2007 Environmental Pollution and Mold - McKissock
2007 National USPAP Update Course (required update) - Appraisal Institute
2007 National USPAP Update Course (required update) - Appraisal Institute
2007 Technology for Today's Appraiser - McKissock
2008 Appraising Historic Properties - McKissock
2008 California Laws and Regulations - McKissock
2008 Developing and Growing an Appraisal Practice - McKissock
2008 Disclosures & Disclaimers - McKissock
2009 Introduction to Expert Witness Testimony - McKissock
2009 National USPAP Equivalent Course (required update) - Appraisal Institute
2009 Private Appraisal Assignments - McKissock
2010 Agency Relationship, Duties & Disclosure (required 5 yr update) - Allied Real Estate School
2010 Ethics, Professional Conduct & Legal Aspects (required 5 yr update) - Allied Real Estate School
2010 Fair Housing (required 5 yr update) - Allied Real Estate School
2010 Financing Options to Increase Sales (required 5 yr update) - Allied Real Estate School
2010 Protect Yourself and Your Clients (required 5 yr update) - Allied Real Estate School
2010 Risk Management - Allied Real Estate School
2010 Trust Fund Handling (required 5 yr update) - Allied Real Estate School
2010 Valuation of Green Residential Buildings - Appraisal Institute
2011 Diminution of Value and Severance Damages - American Society of Appraisers
2011 The Appraiser as an Expert Witness: Preparation and Testimony - Appraisal Institute
2011 The top 10 things to know when representing Real Estate Brokers - State Bar of California MCLE