ERIC L. RISBERG, MAI, ASA, SRAPresident & FounderAdvanced Appraisal International, Inc.220 Montgomery Street, Suite 1068, San Francisco, CA 94104(415) 531-1414 phonewww.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 SanFrancisco, California. Earlier in his career, he provided commercial real estateappraisal services to American Appraisal Associates, the world’s largest independentvaluation firm.
Mr. Risberg has appraised property for more than 500 clients, including over 20Fortune 500 companies. He has appraised property in over 30 states. His appraisalscover a wide range of properties, such as large multi-tenant and single-tenant retailproperties, suburban and downtown office buildings, mixed-use facilities, industrialfacilities, hotels, waterfront properties, right-of-ways, easements, ground leases,subdivisions, resort properties, golf courses, vineyards, and thousands of acres ofland. He has also appraised all types of residential real estate including: singlefamily homes, high-rise and low-rise apartment buildings, entire condominiumcomplexes, tenancies in common, ranches, cooperatives, timeshares and individualcondominium units.
He has also provided fair market rental determinations on leased property for avariety of property types for use in arbitration, mediation, litigation and otherpurposes.
Large appraisal projects include: participation in the valuation of the XeroxTechnology Center in Rockford, New York, a facility of nearly 7 million square feet ofoffice, industrial, and research & development space; Crocker Galleria, a shoppingmall 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 numerousretailers. Other particularly noteworthy projects included participation in thevaluation of more than 200 investment-grade properties for a major U.S. LifeInsurance Company; more than 50 hotel valuations for Marriott International;nationwide retail property portfolio for Copley Real Estate Advisors; and the appraisalof high-rise office buildings in Los Angeles, Chicago and San Francisco. In his career hehas 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 valuefor sale in the open market and in-use. Mr. Risberg has provided valuation services toa wide variety of law firms. He has testified as an expert in trial and pretrial hearingsrequiring advanced and complex property valuation knowledge.
AIRPORT VALUATION EXPERIENCE:Appraisal, consulting or advisory services related to, or directly involving, all orportions of:San Francisco International AirportOakland International AirportSacramento International AirportSan Jose International AirportSt. Louis International Airport /McDonnell Douglas OperationsSan Bernardino AirportSonoma Valley Airport
LARGE APPRAISAL PROJECT EXPERIENCE / FAIR MARKET VALUE IN-USE:Chemical Plants/Refinery AssetsArmory FacilitiesTrucking FacilitiesFood Processing PlantsCorn Wet Mill Plants/Ethanol PlantsResearch and Development Technology Centers
EXPERT WITNESS AND LITIGATION EXPERIENCE:Eric L. Risberg, MAI, ASA has provided expert opinions and analysis to law firms on thefollowing topics:Agent/Broker standard of careAppraisal of office, retail, industrial, and residential buildingsAppraiser standard of careBefore-and-after damages valuationsBuilding code complianceCold Storage/Freezer Warehouse FacilitiesConstruction defect litigationDevelopment landDuty to mitigate issuesFair market rental rate determinations and other lease analysesGas station and convenience store valuationsGround lease valuation and analysisHotel valuationsInsurable values and appraisal applications in insurance mattersLandlord / tenant disputesMarket conditions and changes in the real estate marketPartial interests / fractional interests in real propertyProspective valuations (future values)Rent loss and damages calculationsRetrospective valuations (historical values)Single family home property owner disputesThe Uniform Standards of Professional Appraisal Practice (USPAP)Waterfront properties
PROFESSIONAL ACCREDITATIONS AND DESIGNATIONS:Appraisal Institute, Designated MemberAmerican Society of Appraisers, Accredited Senior AppraiserNational Association of RealtorsCalifornia Association of RealtorsSan Francisco Association of RealtorsWisconsin 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. AG025802State of California Real Estate Broker, No. 01231982Certified General Real Estate Appraiser, State of Hawaii, No. 624Certified General Real Estate Appraiser, State of Texas, No. 1380153COLLEGE EDUCATION:University of Wisconsin at Madison: Bachelor of Business Administration - 1992Double Major: Real Estate and Urban Land Economics; Risk Management and InsuranceEXPERT 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 CasesCONTINUING EDUCATION COURSES:Year Title and Course Provider
1994 Appraisal Principles (110) - Appraisal Institute1994 Basic Income Capitalization (310) - Appraisal Institute1995 Standard of Professional Practice, Part A (410) - Appraisal Institute1995 Standards of Professional Practice, Part B (420) - Appraisal Institute1996 Highest and Best Use & Markey Analysis (520) - Appraisal Institute1996 Report Writing & Valuation Analysis (540) - Appraisal Institute1997 510 - Advanced Income Capitalization (510) - Appraisal Institute1997 Appraisal of Nursing Facilities - Appraisal Institute1997 Appraisal Procedures (120) - Appraisal Institute1997 Real Estate Practice - Allied Real Estate School1997 Real Estate Principles - Allied Real Estate School1999 Advanced Applications (550) - Appraisal Institute1999 Uniform Standards of Professional Appraisal Practice (100) - American Society of Appraisers2001 Agency Relationship, Duties & Disclosure - Allied Real Estate School2001 Ethics, Professional Conduct & Legal Aspects - Allied Real Estate School2001 Fair Housing - Allied Real Estate School2001 Information Technology & The Appraiser - McKissock2001 Legal Aspects of Real Estate - Allied Real Estate School2001 Property Management - Allied Real Estate School2001 Real Estate Fraud and The Appraiser's Role - McKissock2001 The Appraiser as Expert Witness - McKissock2001 Trust Fund Handling - Allied Real Estate School2002 Advanced Sales Comparison and Cost Approaches - Appraisal Institute2002 Consumer Protection (1131) - Anthony Schools2002 Consumer Protection (1144) - Anthony Schools2003 General Demonstration Appraisal Report Writing - Appraisal Institute2003 Small Hotel/Motel Valuation (660) - Appraisal Institute2003 Understanding the Assessment Appeal Process - Appraisal Institute2003 Uniform Standards of Professional Practice (5.0) (required update) - NAIFA2004 Construction Issues for Appraisers - McKissock2004 Valuation of Vineyards and Wineries (835) - Appraisal Institute2004 Vineyard Valuation IV Seminar - Appraisal Institute2005 Appraisal Law - Key Realty School2005 Case Studies in Limited Partnerships and Common Tenancy Valuation - Appraisal Institute2005 National USPAP Course (126) - Anthony Schools2006 Agency Relationship, Duties & Disclosure (required 5 yr update) - Allied Real Estate School2006 Ethics, Professional Conduct & Legal Aspects (required 5 yr update) - Allied Real Estate School2006 Fair Housing (required 5 yr update) - Allied Real Estate School2006 Financing Options to Increase Sales - Allied Real Estate School2006 Protect Yourself and Your Clients - Allied Real Estate School2006 Trust Fund Handling (required 5 yr update) - Allied Real Estate School2007 Business Practice and Ethics - Appraisal Institute2007 Construction Details & Trends - McKissock2007 Environmental Pollution and Mold - McKissock2007 National USPAP Update Course (required update) - Appraisal Institute2007 National USPAP Update Course (required update) - Appraisal Institute2007 Technology for Today's Appraiser - McKissock2008 Appraising Historic Properties - McKissock2008 California Laws and Regulations - McKissock2008 Developing and Growing an Appraisal Practice - McKissock2008 Disclosures & Disclaimers - McKissock2009 Introduction to Expert Witness Testimony - McKissock2009 National USPAP Equivalent Course (required update) - Appraisal Institute2009 Private Appraisal Assignments - McKissock2010 Agency Relationship, Duties & Disclosure (required 5 yr update) - Allied Real Estate School2010 Ethics, Professional Conduct & Legal Aspects (required 5 yr update) - Allied Real Estate School2010 Fair Housing (required 5 yr update) - Allied Real Estate School2010 Financing Options to Increase Sales (required 5 yr update) - Allied Real Estate School2010 Protect Yourself and Your Clients (required 5 yr update) - Allied Real Estate School2010 Risk Management - Allied Real Estate School2010 Trust Fund Handling (required 5 yr update) - Allied Real Estate School2010 Valuation of Green Residential Buildings - Appraisal Institute2011 Diminution of Value and Severance Damages - American Society of Appraisers2011 The Appraiser as an Expert Witness: Preparation and Testimony - Appraisal Institute2011 The top 10 things to know when representing Real Estate Brokers - State Bar of California MCLE