1. real estate

COLORADO CHAPTER APPRAISAL NEWS
Appraisal
Institute
®
Volume 25, No. 1 — January, 2015
Professionals Providing
Real Estate Solutions
Editor: Richard C. Mosier, MAI
www.colo-ai.org
Publisher: Sherry Engleberg
Colorado Chapter of the Appraisal Institute Presents the Annual
COLORADO ECONOMIC REVIEW & OUTLOOK FOR 2015
FRIDAY, JANUARY 16, 2015
LOCATION
Glenmoor Country Club
110 Glenmoor Drive
Cherry Hills Village, CO 80113
SCHEDULE
2:30
3:00
6:00
7:00
FEE
Seminar Only
Members Appraisal Institute:
Guests
$38
$43
Seminar and Installation Banquet
Members Appraisal Institute:
Guests
Installation Banquet 0nly
$67
$72
$46
PM
PM
PM
PM
–
–
–
–
3:00
6:00
7:00
9:00
PM
PM
PM
PM
—
—
—
—
Registration
Economic Update
Cocktails (Cash Bar)
Installation Banquet
CONTINUING Appraisal Institute Members
EDUCATION State of Colorado
3 hours
3 hours
PRESENTERS
Mike Rinner, MAI, AI-GRS, Meyers Research LLC,
Senior Vice President. Natalie Mullis, Chief Economist
with Colorado General Assembly. Jessica Ostemick,
LEED Director of Divisional Research, CBRE Global
Research and Consulting Group
TOPICS
•The State of Colorado Housing, are we at
2007/2008 levels or a new norm?
•Colorado’s Economic Climate 2014-2015,
revenues and budgets.
•National and Regional Economic Forecast as
it relates to Real Estate.
Please note: This program was developed by the Colorado
Chapter who is solely responsible for the contents.
Attendance Requirement: In order to receive continuing
education credit for this seminar, you must attend 100% of
the program.
• Board of Directors Meeting • Noon • All Members Welcome
Registration Form – No Phone Reservations Please!
Colorado Economic Review & Outlook For 2015
E-mail [email protected] • FAX 303.757.0158 • MAIL 1540 S. Holly St. #5. Denver, CO 80222
No later than January 10, 2015
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Questions: 303.691.0487, Outside Denver Area: 1.800.571.0086
Appraisal
Institute
®
Professionals Providing
Real Estate Solutions
Page 1
2014 OFFICERS AND DIRECTORS
2015 OFFICERS AND DIRECTORS
PRESIDENT
Charles Nelson, MAI..............................................cnelson@civiltechnology.com
PRESIDENT
Rodman Schley, MAI
VICE-PRESIDENT
Rodman Schley, MAI..................................................rodman@cvcappraisal.com
VICE PRESIDENT
Michael D. Sullivan, MAI, SRA, AI-GRS
SECRETARY/TREASURER
Michael D. Sullivan,
MAI, SRA............................................... [email protected]
SECRETARY/TREASURER
Jon Vaughan, MAI
PAST PRESIDENT
Karen L. Tool, SRA....................................................... [email protected]
PAST PRESIDENT
Charles Nelson, MAI
DIRECTORS
1 Year
Susan Ebert-Stone, SRA............................... [email protected]
Brent Henry, SRA..................................................................... [email protected]
Dana Larson, MAI.....................................................................dana@iconcv.com
DIRECTORS
1 Year
Marge Moore
Mark Seccombe, MAI, SRA
Sue Dickinson, MAI
2 Years
Marge Moore............................................................ [email protected]
Mark Seccombe, MAI, SRA............................................... [email protected]
Jon Vaughn, MAI......................................................................jon@fosterval.com
2 Years
Lisa Desmarais, SRA
Ron Holm, SRA
Dustin Ferguson, MAI
3 Years
Lisa Desmarais, SRA.......................................................lappraisal@comcast.net
Ron Holm, SRA............................................................ron@holmappraising.com
Dustin Ferguson, MAI............................................ [email protected]
3 Years
William Bush, MAI
Brent Henry, SRA, AI-RRS
Michael R. Nash, MAI
2014 CHAPTER COMMITTEE CHAIRS
Bylaws Chair
Richard C. Mosier, MAI.......................................................... [email protected]
Candidate Guidance Advisors
Bonnie Roerig, MAI............................................bonnie@coloradoappraiser.net
Susan Ebert-Stone, SRA.............................. [email protected]
Candidate Committee
General: Jon M. Vaughan, MAI.............................................. [email protected]
Residential:
Brent Henry, SRA.................................................................... [email protected]
Education Chair
Susanne Dickinson, MAI........................................susannedickinson@live.com
Government Relations
Arthur Alarcon, SRA, Chair............................................. [email protected]
Public Relations
Newsletter Editor
Richard C. Mosier, MAI.......................................................... [email protected]
2015 CHAPTER COMMITTEE CHAIRS
Bylaws Chair
Richard C. Mosier, MAI
Candidate Guidance Advisors
Bonnie Roerig, MAI, AI-GRS
Susan Ebert-Stone, SRA
Candidate Committee
General: Ben Davidson, MAI, SRA
Residential: Brent Henry, SRA, AI-RRS
Education Chair
Susanne Dickinson, MAI
Government Relations Chair
Lisa Desmarais, SRA
Newsletter Editor
Richard C. Mosier, MAI
2015 REGION II REPRESENTATIVES
2014 REGION II REPRESENTATIVES
One Year Term
William Bush, MAI.............................................. [email protected]
Dana Larson, MAI.................................................................... [email protected]
Bonnie Roerig, MAI............................................bonnie@coloradoappraiser.net
Rodman Schley, MAI.................................................rodman@cvcappraisal.com
Two Year Term
Richard C. Mosier, MAI.......................................................... [email protected]
Margaret Moxley, SRA...................................................rpmconsulting@frii.com
Robert O Stevens, MAI, [email protected]
Alternates
Lisa Desmarais, SRA
Jeovani Gaytan, SRA
Ron Holm, SRA
Page 2
One Year Term
Michael D. Sullivan, MAI, SRA, AI-GRS
Richard C. Mosier, MAI
Margaret Moxley, SRA
Robert O Stevens, MAI, SRA
Two Year Term
Susan Ebert-Stone, SRA
Jeovani Gaytan, SRA
Benjamin B. Davidson, MAI, SRA
Alternate
John Cordasco, SRA
David Kilty, MAI, SRA
Sara Hillman, SRA
Lisa Roberts
PRESIDENT’S REMARKS
by Charles Nelson, MAI
Chapter members,
I would like to thank you for allowing me to serve as
your president for the year 2014. Serving as president of our chapter has been one of the most rewarding efforts of my career. However, I truly was a game
manager as opposed to a star quarterback. Sherry is
a tremendous asset to our membership, and is the
reason why our chapter is so strong. Not only did she
guide me through my presidency, but guided ever
other committee chair, volunteer, contributory, and
so on. Sherry creates an environment where serving
is an honor and thoroughly enjoyable, taking care
of the difficult and time consuming tasks of running
the Chapter. As members, we are protected by our
Executive Director, and I can’t thank Sherry enough
for everything that she contributes.
In addition, we have outstanding committees and
committee chairs. To that end, the ongoing transition from a professional association to a professional
society, for our chapter, has been promising.
Our committee chairs, including Candidate Guidance Advisors Bonnie Roerig and Susan Ebert-Stone;
and the Candidate Committee team of Jon Vaughan
and Brent Henry, facilitated several social and learning events, creating a path to follow for those in line.
We celebrated 14 new MAI’s and 3 new SRA’s in 2014,
and 14 new AI-GRS and AI-RRS designations listed
below:
Sue Dickinson, our Education Chair, continued her
services (with committee support), through 2014, creating
an outstanding offering of
classes, and some of the most
informative seminars that I
have experienced in my time
with the chapter. Again, Sue is a pillar of the chapter
and deserves great gratitude Richard Mosier continued to offer his services as Newsletter Editor and
Bylaws Chair, in addition to his remarkable comedic skills. Richard Mosier, another backbone of the
chapter, has committed hours upon hours of service,
and I can say that it is truly appreciated.
Although it’s been an honor to serve, I look forward
to 2015. I think we have one of our most dynamic
members, in Rodman Schley as in-coming President,
with Mike Sullivan as Vice-President. With Rodman
and Mike we have true talent at the helm.
The profession is changing and our efforts to guide
that change will be imperative as we move forward.
Appraisal Institute involvement in 2014 included:
•Input on the International Property Measurement
Standard for Offices (IPMS), creating a uniform,
consistent, and transparent method for measuring
property
•Providing new text including the publication of
Valuing Contaminated Properties: An Appraisal
Institute Anthology, Volume II
• Completing numerous studies including a national
research/survey report regarding the reduction in
the number of appraiser across the nation
•Providing real estate appraising education in the
Persian Golf in partnership with Kuwait University
•Testifying and adding input to numerous legislative actions, including new regulation on Appraisal
Management Companies (AMC’s)
•Creating supplemental Standards of Valuation
Practice (SVP), allowing for a set of standards
where national or other standards are not required
•Creating two new review designations including
the AI-GRS (Appraisal Institute – General Review
Specialists) to be earned by commercial appraisers, and the AI-RRS (Appraisal Institute – Residential Review Specialists) to be earned by residential
appraisers.
The list above is only a small sampling of the
efforts of the Appraisal Institute to guide our profession. I encourage the membership to continue to be
involved and offer support. Again, it’s been an honor
to serve and I hope to continue to volunteer in the
future.
Thank You
Page 3
PRESIDENT’S REMARKS
by Rodman Schley, MAI
2015: A Look Ahead
Looking forward into 2015, I am both honored and
humbled to have the opportunity to serve as the President of the Colorado Chapter of the Appraisal Institute. Over the past 16 years, the appraisal profession
has put a roof over my family’s head, food onour table,
and has provided “top shelf” opportunities to grow
professionally. My service to the Appraisal Institute
has always been deeply rooted in an obligation to give
back to the profession that has given me so much. I
am looking forward to honoring those who currently
serve, and have served in the past, by giving this position the focus and respect that it deserves.
It has always amazed me to look around institute
functions, and see so many of the faces that welcomed me into this profession in 1998. You have all
been such incredible mentors, and have served our
profession selflessly. I will forever be grateful for
your energy, and for sharing your wisdom with those
who were looking to break into this career.
I am also excited to look around those same
rooms, and see the new faces. You are the future of
our profession, and the future of the Institute. It is
your energy, and your love for what we do that will
have major impacts on the ever changing and evolving appraisal world. Evolve with the profession, and
it will evolve with you.
For those that will serve the Institute in 2015,
THANK YOU! Serving takes a high degree of time
and energy, and it is a commitment that can become
overwhelming at times. But in the spirit of “somebody’s got to do it”, you are doing it, and doing it
with a smile and a welcoming handshake. One of
ONLINE EDUCATION:
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R. Poole, MAI................................................303.297.0400
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anywhere, whenever you have
Louis J. Garone, MAI, SRA ..................................303.324.3403
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Messick,
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EDUCATION
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Sue Dickinson, MAI [email protected]
Click
on the link for online education.
W. Michael Rinner, MAI ..................................303.662.0155
[email protected]
Page 4
John A. Schwartz, MAI ....................................303.671.7511
[email protected]
Two Years
my favorite parts of the Institute is being able to see and
socialize with the people that
I share this profession with.
While in Chicago for a leadership event, I was asked by
our fearless Executive Director Sherry, “what is the goal
that you would like to submit to AI National on behalf
of the Colorado Chapter?” My response was both
short, and simple. This year, let’s get back to having
fun. Of course having fun does not mean shelving
the important matters at hand, but let’s take care of
business while taking care of one another. My mother’s passing last July taught me invaluable lessons
on how fragile life is. It’s short folks. If you are doing
things that are not fun, you had better get on to doing
something else before its too late.
I can’t help but reflect on the professionals who
have mentored me, as I muddled down this career
path. To you, I am eternally grateful. You gave me
one of the greatest gifts you could possibly give,
knowledge. I can only hope that I have been able to
impart some of my wisdom throughout the industry,
as repayment to the mentors who believed in this
crazy kid from Nebraska. The great thing about what
we do, is that we will NEVER stop learning. Every
morning I wake, I know that the day will bring me a
new piece of knowledge that will help me continue
to grow personally and professionally.
Finally, I am here for you. I want to hear about
your success, as well as your challenges. Please feel
free to reach out to me at any time, and thank you for
being a part of the Appraisal Institute!
Advertising Policy
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2. Advertisements must represent closely-related businesses or
services to the real estate appraisal field.
3. All advertisements submitted for publication are subject to
the Editor and Publisher’s approval.
4. Appeals for rejections will be submitted to the Board of
Directors and their decisions are final.
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Colorado Chapter does not endorse any product or service
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Send camera-ready copy and check to:
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If you have questions, please call 303-691-0487
Outside Denver metro area 1-800-571-0086
www.colo-ai.org
EDITORIAL
RAMBLINGS
by Richard C. Mosier, MAI
Renaissance Man
Winelight, by Grover Washington Jr., ca. 1980
I just recorded this album from my vinyl collection
to a CD. I used a “Crosley” reproduction of a radio/
record player, ca. 1940, with the added features of a
CD player and recorder. Now I am grooving to it on
my laptop computer. I guess I am the Renaissance
Man. And I have to be to continue in this business.
Let’s compare paradigms:
When this album was new in 1980, on the day
after Thanksgiving, I might go into my den with the
newspaper (remember those?) under my arm. It
was a roll of newsprint 6 inches wide with all the
ads for after-Thanksgiving Day sales. Also under my
arm tucked against my ribs is another 2 inches of
flat, canary-colored, legal-sized typed pages that is
the draft of my demonstration appraisal report. In
my other hand is the big mug of coffee made in my
Westbend percolator. I put the newspaper aside for
later and settle in with pillows and a giant clipboard
to take advantage of my drive this morning to work
on the Demo. I sit on the floor equal distant between
the two large speakers to get the best stereo effect.
I work best when there is background noise, so I
put on the record. It is number three in the stack on
the RCA that will hold only three vinyl records before
the weight causes the turntable to drag and distort
the sound. I get well into the neighborhood description editing my draft when “Just the Two of Us” sung
by Bill Withers comes on, and I have to put down my
pen and clipboard and drift with the music with my
eyes closed.
Wouldn’t you know, the music gets to the steel
drums—the best part!—and the kids wake up and
come in. The trance is broken. I will have to wait
until late some night when the kids are in bed to hear
it. I even lost my drive to edit my Demo. I reserved
time with our secretary (remember those?) to type
the final draft next week, so it had better be tonight
or tomorrow night when I get back to that. But right
now the Roadrunner and Wile E. Coyote is on TV so
the kids and I watch the animated violence.
Some things never change: I still have deadlines;
I still need background noise; I still need coffee;
kids still interrupt, although not so much 34 years
later; and Wile E. Coyote still has not caught the
Roadrunner.
Today, the day after thanksgiving, I take my newspaper (1 inch thick at most when folded over) and
laptop (containing all of my business but only some
of my music) under my arm and my coffee in my
other hand to the den. There I get comfortable on
the couch (it’s too hard to get up from the floor, now)
with my laptop to begin this article. Deadlines, you
know. Grover Washington and Bill Withers are right
there on my laptop anywhere I go. The coffee is
fresh-roasted Ethiopian, ground this morning in my
electric grinder, and poured from my French press.
I am still at a loss for a topic, so what do you know?
Two or three clicks on the internet (accessed by my
own personal WIFI modem) and I am onto the AI
website, Professional Practice tab, Hot Topics category. There I find links to articles from the Appraisal
Journal, books published and courses referenced on
these topics:
•Value of the Going Concern
•Appraisal Review
•Developing a Capitalization Rate
•Appraising Energy Efficient Improvements
Who among us cannot be better at addressing
these topics in our everyday work? And who having
gotten his/her designation more than five or 10 years
ago (33 years for me) couldn’t use a refresher. Referring back to the former me in 1980, the Lum Library
was available then, but I had to go there in Chicago
to get the most recent literature, or have it mailed or
key parts of it faxed. Now it’s at my fingertips over
the internet, as well as a staff that will research articles and books for me, all from my laptop as I sit
sipping coffee and listening to cool jazz.
Speaking of the AI website, all the latest news is
available there, too. Candidates, look for a new provision to “eliminate the minimum length of candidacy required for general and review Candidates for
Designation who do not already hold an Appraisal
Institute designation.” This means that the fast-trackers will not be held back by a minimum length of
candidacy. It will go out with the 45-day notice and
likely be approved by the Board in January. There
is plenty of other news on the web site and it is new
and improved for better navigation. Go there. Get
informed.
I just learned from the President’s monthly letter
to the general membership (which you receive via
e-mail) that Harold McCloud received the Volunteers of Distinction award. Kudos, Harold
Well, that’s about it for now. Oooh! Ruben Gonzales at piano with the Buena Vista Social Club (ca.
1997) is coming up next on my playlist!
Keep smiling!
Appraisal
Institute
®
Professionals Providing
Real Estate Solutions
Page 5
Parker’s Harold McCloud Honored
as Appraisal Institute’s ‘Volunteer of Distinction’
Harold S. McCloud, MAI, of Parker, Colorado,
was recognized today as the Appraisal Institute’s
November “Volunteer of Distinction” for Region II.
The Appraisal Institute is the nation’s largest
professional association of real estate appraisers;
Region II consists of Colorado, Iowa, Kansas, Missouri, Nebraska, Oklahoma, South Dakota, Utah
and Wyoming, as well as Manitoba and Saskatchewan, Canada. McCloud is a member of the Colorado Chapter.
“Harold McCloud is an exceptional ambassador
for the Appraisal Institute,” said Appraisal Institute President Ken P. Wilson, MAI, SRA. “We’re
proud to be represented by individuals like Harold, who faithfully serve our organization and the
real estate valuation profession, as well as their
local communities.”
McCloud served as Colorado Chapter president
in 2006, vice president in 2005, treasurer in 2004
and secretary in 2003. He was regional representative from 2000-01 and candidate guidance chair
from 1996-99. He was a participant at the Appraisal
Institute’s Leadership Development and Advisory
Council Conference in 2007, 2010 and 2014.
McCloud has been president at McCloud & Associates, in Parker since 1995. He has been involved
in the real estate valuation profession for 29 years.
He holds a bachelor’s degree from Metropolitan
Harold S. McCloud, MAI
State College in Denver. He joined the Appraisal
Institute in 1987, and received his MAI designation in 1992.
He was a council member for the Town of
Parker from 1994-96. He is a charter member of
the Parker Rotary Club and has served as a member and president of Parker Rotary Club Foundation Board, as well as various Rotary programs.
He is married and has one daughter and two
granddaughters.
AIET Scholarship Applications Due January 1
The next Appraisal Institute Education Trust Scholarship deadline is Jan. 1. Two scholarships are available to
eligible Candidates for Designation:
• Appraisal Institute Education Trust AI Course Scholarship
• Appraisal Institute Education Trust Minorities and Women AI Course Scholarship
Please note: It is recommended that, prior to submitting a scholarship application, applicants attend a minimum of two Appraisal Institute chapter meetings annually.
Learn more about AIET Scholarships here or email [email protected].
Page 6
COLORADO CHAPTER MEMBER MEETING AND DINNER SOCIAL
October 20, 2014 • Park Hill Golf Club • Denver, CO
President, Charles Nelson, MAI, called the meeting
to order and welcomed everyone.
–He requested Chapter past Presidents Harold
McCloud, Mike Rinner, Karen Tool, Rick Mosier,
Bob Stevens and Mark Scott to stand.
– Charles gave a brief update of the Appraisal Institute, including naming the 2014 and 2015 officers.
– He then gave a brief recap of the 2014 Colorado
Chapter and introduced the 2014 and 2015 chapter
officers, board members and region representatives. He stressed the importance to the members
to communicate with this chapter leadership.
– Charles requested that the candidates and advisors that were present to please stand.
– Brent Henry gave a brief explanation of the AI-RRS
designation.
– Sue Dickinson, Colorado chapter education chair
gave a brief recap of 2014 offerings.
– Rick Mosier gave an update for Region II. He also
expressed the importance of the LLR.
– Bob Stevens gave an update for the AI Diversity
committee.
–Charles Nelson presented designations to the
following: Greg Baker, MAI, John Derungs, MAI,
AI-GRS, Mark Dyson, MAI, AI-GRS, Ryan Ruddell,
MAI, and Brent Henry, SRA, AI-RRS.
Charles Nelson and the winner of the door prize,
Mark Dyson! Ask Mark to tell you the story of the
“new” mini IPAD!
The next Colorado chapter membership meeting
will be held April 2, 2015.
– Charles requested that everyone enjoy the social
dinner immediately following the meeting.
– Door prize drawing won by Mark Dyson!
“Enjoying the social hour!”
Page 7
Colorado Chapter of the Appraisal Institute Presented the
ANNUAL FALL EVENT!!!
Held at BEAVER RUN RESORT & CONFERENCE CENTER, BRECKENRIDGE, CO
Fall Event Chair, Brent Henry, SRA, and his Committee Warren Boizot, SRA, Ben Davidson, MAI, SRA,
Mike Rinner, MAI, prepared an excellent program
for everyone to enjoy.
SEPTEMBER 12 the topic was “Appraisers Embracing
Technology & Management” — Benjamin B. Davidson, MAI, SRA, Blake & Assoc., LLC. How technology affects the Appraisal Industry, the individual and
corporate appraiser, and the modern office.
1. Different technologies that is currently available
to appraisers. 2. Why it is important for appraisers to
embrace technology moving forward as appraisers.
3. Recap technology from the 1960’s through today
and into the future. And how appraisal companies
are changing through the technologies utilized.
SEPTEMBER 13 the topic “Economic Market
Trends” — Randy Gold, MAI, SRA. Aspen Appraisal
Group, LLC. Aspen commercial and high end residential markets. Difficulty in appraising commercial
and high end residential property in Aspen where
the emotional component is always an important
driver in purchases. Current rent levels, vacancy, an
expanding commercial core, and recent purchases.
How has the commercial sector led Aspen’s real
estate market and why it was the last sector to see
retreat in the recent downturn and the first sector to
rebound?
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Page 8
Duane Duggan, Boulder Property Network/
REMAX, CAR State Spokesperson for NE District. As
one of the Spokespersons for the CO Association of
REALTORS Discussion will explain market statistics
on a statewide basis and statistics for the 5 REALTOR districts across the state. This presentation will
include a variety of information that will help a real
estate appraiser or agent understand current market
trends in Colorado. This will also include a variety of
resources for attendees to have access to additional
information to keep abreast with current market
information.
Jack Wolfe, Wolfe and Company. Update on the
market in and around Breckenridge and changes in
the last few years, including residential and commercial projects. These include One Breckenridge Place,
the Reserve at Frisco, Main Street Station, Hyatt Main
Street Station and Main Street Junction. Includes
details of sales and leasing on these projects.
SEPTEMBER 14 the topic “Changing Dynamics in
the Multifamily Market” — Richard F. Rodriguez,
Duncan, Ostrander & Dingess, P.C. Discussion of
public and private entities, individual property owners, developers, lenders, landlords, tenants and
others and the phases of public and private condemnation proceedings. Real estate litigation with
an emphasis on eminent domain and land use litigation. Commercial litigation which includes real
estate and construction litigation, including foreclosures, boundary disputes, mechanic’s lien litigation
and construction litigation.
Cary Bruteig, MAI, Discussion and presentation
of charts showing the large increase in apartment
construction from an historical perspective and comparison to the ratio of total permits over the last couple of decades. What keeps brand new apartments
from being converted to condominiums? Trends of
apartment building permits, apartment rents, apartment vacancy, units under construction, etc. Discussion of Denver’s inclusionary zoning ordinance.
Ryan Warren, Esq. Shareholder, Polsinelli PC.
Overview of the current state of Colorado’s construction defect litigation landscape and the effects
on Colorado’s housing industry-the effects may be a
bit more nuanced than you think! Discussion of last
year’s attempts to pass legislation designed to construction defect litigation under some semblance of
control, what was in the proposed legislation, who
was involved on each side, and what caused the legislation not to pass. What is the effort planned for
this coming year?
And everyone enjoyed OKTOBERFEST WEEK END IN BRECKENRIDGE!
Brent Henry, SRA-AI-RRS,
Ben Davidson, MAI, SRA,
Charles Nelson, MAI
Duane Duggan,
Randy Gold, MAI, SRA,
Jack Wolfe
Cary Bruteig, MAI,
Richard F. Rodriguez,
Ryan Warren
AI CHAPTER LEADERSHIP PROGRAM
Enjoying the Chapter Leadership social
Rodman Schley, MAI and Russell Babbitz,
MAI, SRA, Los Angeles, CA
Traveling to Chicago September 18-19, 2014, Sherry Engleberg, Executive
Director, Colorado Chapter and Region II Executive Director and Rodman
Schley, MAI, incoming
2015 Colorado Chapter
President, heard presentations and updates from
Appraisal Institute officers, Appraisal Institute
Staff, national leaders, and
speakers aimed at helping
to develop strategies for
achieving Chapter goals.
They attended informative
breakouts for preparation
of chapter operations and
enjoyed valuable networking opportunities with other Chapter leaders.
M. Lance Coyle, MAI, SRA, AI 2015
Presidents, presents Rodman Schley,
MAI with his 2015 Colorado Chapter
president’s pin
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Congratulations on Achieving Your Designation!
Greg Baker, MAI receives designation
certificate from Charles Nelson, MAI
Ryan Ruddell, MAI
I was raised in northern California and went to college at the University of California at Santa Barbara.
After college, I spent a couple of years teaching in
Japan before I moved to Colorado in 2001 and became a high school teacher in Thornton. In 2006, I
transitioned out of teaching and decided to pursue a
career as an appraiser. I was lucky enough to find a
position as a trainee with Chet Buhrmann in Longmont. In addition to the vast appraisal knowledge he
shared, Chet was a fantastic supervisor and taught
me the right way to treat clients, property owners,
and fellow appraisers within the industry. Early in
my appraisal career, I found a job at CORE Realty
Advisors, and continued to learn the industry from
a knowledgeable and generous group of appraisers
that included Larry Close, Craig Dickson and Brian
Floyd. I am so thankful for all of the time and energy
these wonderful appraisers spent sharing their experience with me.
The designation process was a great learning experience and helped me truly grow as an appraiser.
Like many things in life, it was as much about the
journey as it was about the destination. I encourage
anyone considering it to simply start taking classes.
Before you know it, your knowledge base will have
expanded and your list of designation requirements
will have shrunk to a manageable size. I am very
proud of the designation as a career milestone and I
look forward to what might be next. My future plans
involve continuing the growth of my appraisal business. In July 2014, I started CoVal Partners with Paul
Kalish. Although I am still early in my career as business owner, I have already been greatly rewarded by
the challenge.
Of course the most important part of my life is my
beautiful wife, Kim, and our two daughters, Bronwyn (3) and Hazel (2). They keep me busy. When
I’m not appraising or spending time with my family,
I enjoy urban adventure racing and brewing a great
craft beer.
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Charles Nelson, MAI
presents designation
certificate to
John DeRungs, MAI,
AI-GRS
Mark Dyson, MAI, AIGRS receives designation
certificate from Charles
Nelson, MAI
Charles Nelson,
MAI presents the
Chapter’s first AI-RRS
to Brent Henry, SRA
Deceased
Peter Bowes
1936 - 2014 | Obituary | Condolences
Bowes, Peter D. August 9, 1936 to December 7, 2014 Peter was a fourthgeneration Denver native. After graduation from Stanford, he went into the Marines where he was a
tank commander and aide-de-camp to the commanding general. In 1961 he married
fourth-generation Devon (Adams). They had a fifth-generation Karen (Fisher) and
Amy (Nicoll), and six grandchildren. Their marriage was a 53-year storybook tale of
love and affection. It is unfortunate that has to end. He went to work with his father in 1960. Peter was an
exceptionally well known and well respected real estate appraiser and counselor. He served the American
Institute of Real Estate Appraisers in dozens of capacities including national president. The Counselors of
Real Estate (in Chicago) sent this to the membership. “It is with profound sadness that we inform you of the
passing of Peter Bowes Sunday evening, referred to by many as “The Counselor’s Counselor,” in Denver.
As you may know, Peter had been in ill health for some time. Fortunately, despite his weakened condition,
the family was able to bring Peter home from the hospital a few days ago and Peter’s passing was peaceful,
surrounded by family. Peter served the Counselors in numerous roles. His clear, concise thinking, his ability to get to the heart of the matter, his uncompromised integrity, and perhaps, most of all, his ever present
willingness to be there for others - in good times and bad - will be sorely missed.” He was a member of the
Marine Corps Memorial Association and the National Association of Professional Engineers. Examples of
board service include Downtown Denver, Inc., Downtown Denver Partnership, First National Bank, Rotary
(President), St. Luke’s Episcopal Church, Havern School. There is not room for a full list. Peter spent his life
serving. He served his community, his profession, his family, his country, and his God. He served until sickness took him down. He will be greatly missed by the Colorado Chapter.

Deceased
Jim Shannon
After many years of suffering with Alzheimer’s Jim Shannon died on November 10th.
He was born in Boonville, Missouri and was raised in a farm/ranch operation. His family raised and
trained horses as part of the family income.
Jim was an accomplished horseman and showed many horse shows, County Fairs, State Fairs and the
American Royal (Denver Stock Show equivalent). He played high school basket ball. He attended Rockhurst
College in Kansas City for two years thin joined the Air Force. He was first stationed in Rapid City South
Dakota while there married his home town sweetheart Paula and finished college. They were thin transferred to Turkey were their son Mitchell was born.
After the military he spent a year as a claims adjuster in Kansas City. He came to Colorado to visit his
brother liked the area and landed a job with Columbia Savings and Loan. Benton Lewis and Don Boyson
were his early mentors.
AS most of our fellow appraisers know Jim earned his SRA Designation and became a very respected
appraiser with a specialty in Relocation work. He is survived by Paula and his son Mitchell who is a salesman with Re-Max Masters.
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