Kerry M. Jorgensen, MAI

EDUCATION

University of Utah, Bachelor of Science Finance Degree with Real Estate  Emphasis – 1982    Honors: Graduated “Cum Laude” American Institute of Real Estate Appraisers – Courses Real Estate Appraisal Principles – 1980 Basic Valuation Procedures – 1980 Capitalization Theory and Techniques, Part I, II and III – 1981 Standards of Professional Practice – 1982 Case Studies in Real Estate Valuation – 1983 Investment Analysis Exam – 1984 Advanced Applications (Instructor Audit) – 1999 Separating Real & Personal Property from Intangible Business (Instructor Audit) – 2003 Basic Appraisal Principles (Instructor Audit) – 2006 Condemnation Appraising: Principles & Applications – 2009 Litigation Appraising: Specialized Topics and Applications – 2011 The Appraiser as Expert Witness: Preparation and Testimony – 2011

Continuing Education:

400+ Hours from 1999-2009 (over twice the Appraisal Institute requirement and three times the State of Utah requirement).  Seminar topics include:

  • Subdivision Analysis, Residential Development
  • Appraising for the Institutional Investor
  • Discounted Cash Flow Analysis
  • Americans With Disabilities Act
  • Appraisal of Retail Properties
  • Appraisal Review – Income Properties
  • Advanced Techniques in Investment Feasibility
  • Industrial Valuation
  • Trends in the Health Care Industry and Medical-Related Real Estate
  • Appraising in Limited Markets
  • Multiple Regression Analysis, Graphic Analysis
  • Appraising Government Leased Buildings
  • Self-Storage Valuation
  • Water Valuation, Wetlands Regulation, Conservation Easements
  • Smart Buildings

LICENSES AND PROFESSIONAL MEMBERSHIPS

  • Licensed Real Estate Sales Agent-State of Utah #5451942-SA00 -1979 to Present
  • Member – Salt Lake Board of Realtors
  • Fee Appraiser – 1979 to Present
  • Certified General Appraiser – State of Utah #5451942-CG00 – 1991 to Present
  • Certified General Appraiser – State of Idaho #CGA-248 – 1991 to Present
  • MAI Member, Appraisal Institute – 1984 to Present
  • Candidate Guidance Chairman, Utah Chapter, #28 AIREA – 1987 – 1988
  • Admissions Committee Chairman, Utah Chapter, #28 AIREA – 1989 – 1990
  • Chairman, Salt Lake Subchapter, Appraisal Institute – 1992
  • Board of Directors, Utah Chapter, Appraisal Institute 1993 – 1998
  • President, Utah Chapter, Appraisal Institute – 1999
  • Board of Directors, Utah Association of Appraisers – 1995 – 2000, 2011 – present
  • Approved Instructor (Market Analysis Courses, Income Capitalization Courses and AdvancedConcepts Course) for the Appraisal Institute (1987 to Present) and State of Utah (1990 to Present).
  • Currently Content Expert for Advanced Concepts and recently authored the new course material for the Appraisal Institute.

BUSINESS PRACTICE:

I began my career as a fee appraiser in early 1979, under the tutelage of my father who had been an MAI since the 1960’s. In 1984, I was awarded the MAI membership designation in the American Institute of Real Estate Appraisers and acquired my own practice.  Jorgensen Appraisal is now a full service appraisal firm, with four full-time appraisers, and additional support staff.   Our services are used and approved by essentially every major local bank.  I am also experienced in condemnation appraisal, property tax appeal and expert witness testimony.  I have completed the Appraisal Institute’s Professional Development program in litigation appraising.  I have personally completed appraisals on many of Utah’s largest properties.  Nevertheless, I take pride in the quality of my work on even very small assignments.  Among my areas of specialization are health care, senior care, subdivisions and lodging, on which I have completed appraisals in nearly every western state.

BRIEF LIST OF CLIENT REFERENCES

Intermountain Health Care (801)442-3987    Contact:  Tom Uriona, MAI

Zions First National Bank – (801)524-2391      Contact:  Decker Adams, MAI

Wells Fargo (RETECHS) – (801)246-1566          Contact:  Clark Richardson, MAI

Stoel Rives, LLP (801)578-6985                            Contact:  Matt Moscon (Attorney)

JPMorgan Chase Bank, N.A. (602)221-2882   Contact:  Gary Schnell, MAI, CCIM

Parr Brown Gee & Loveless (801)257-7979     Contact: Justin Matkin (Attorney)

Washington Trust Bank (509)353-3854            Contact:  Tim Higginbotham

Salt Lake County Assessor (801)468-3435       Contact:  Darhl Nielsen

 

Vincent Jorgensen, MAI

EDUCATION

  • Cache Valley Public School System
  • Utah State University,
  • B.S. and M.S. in Economics and Business Administration

Appraisal Courses & Continuing Education  Completed Education Requirements for the MAI Designation of the Appraisal Institute  Standards of Professional Practice  Condominium – P.U.D. Appraisal Seminar  Math-Statistics Seminar  Apartment Property Appraisals  Appraisal Office Management  Business Valuations  Highest and Best Use Seminar   Appraising for the Institutional Investor  Test for Reasonableness  Hotels Motel valuation  The Appraiser as Expert Witness  Subdivision Analysis and Valuation

BUSINESS AND PROFESSIONAL

Present

  • Independent Fee Appraiser

Previous

  • Crossland Mortgage Corporation (Formerly First Security Realty Services and Utah Mortgage and Loan Corporation) – Appraiser, Income Property Loan officer, Vice President Office Manager, Divisional Manager
  • Utah Mortgage-Bankers Association: Former Director and President
  • Governor’s Advisory Board on Modest Income Housing Member
  • Licensed Realtor, State of Idaho
  • Real Estate Broker, State of Utah

Appraisal Institute, Utah Chapter

  • Served as: Director, President, Vice President, Secretary Treasurer, and Member of Candidate Guidance Committee
  • Received the Fran Soleman Award for service to the Chapter

Appraisal Institute, National

  • Elected as Governing Counselor, served on the Appraisal Journal Review Board

PROFESSIONAL AFFILIATIONS:

  • Member of the Appraisal Institute (MAI) Certificate #3737
  • Utah State Certified General Appraiser License #5451402-CG00
  • Idaho State Certified General Appraiser License #CGA-1855

AREAS COVERED

  • States of Utah, Idaho, Nevada and Wyoming

PROPERTIES APPRAISED

All types of residential property, income property, agricultural property and recreational property, including but not limited to:

  • Shopping Centers, Restaurants and Retail
  • Apartment Complexes
  • Residential Developments (Subdivisions, Condominiums, PUD)
  • Warehouses and Industrial Properties
  • Automobile Service Centers and Other Auto Related Properties
  • Office Buildings
  • Nursing Homes, Assisted Living, Independent Living and Group Homes
  • Hotels, Motels, Bed & Breakfast Inns and Resorts
  • Irrigated Farms, Dry Farms, Sheep Ranches and Cattle Ranches