Re-Branding- New Business Developer -Appraisal Office Profile

Integra Realty Resources Chicago METRO 566 West Lake Street Suite 320 Chicago, IL 60661 T 312-346-3200 F 312-228-4908 [email protected] irr.com/ChicagoMETRO

IRR Chicago METRO Office Profile Overview of Expertise Core Competencies Our Team Assignments Areas of Specialization Leadership Qualifications Partial Client List References Corporate Profile IRR’s Advantage Contact Us

http://www.irr.com/About/Office.asp?Task=Management&RefItem=ChicagoIL


Integra Realty Resources Chicago METRO—

Established in 1999 by Gary DeClark as an answer to the growing demand for better quality, well priced appraisal and consulting services with a national reach.

• No conflict of interest as we do not engage in brokerage or data resale, or any aspect of, financing or other contradictory activities.

• Our firm is solely concerned with the valuation & analysis of real property.

• We are individuals whose educational background, professional experience and skills provide all types of valuation and consulting assignments.

• Individually, we continue to maintain a regimen of courses and seminars to keep up-to-date with current valuation concepts. This continuing educational growth adds to our body of knowledge and provides the means to deliver verifiably accurate reports of consistently high quality.

• We marry our knowledge with cutting edge technology to increase our productivity.

• Our services include both commercial and residential real property.

Illinois Counties Cook Lake

Coles LaSalle

Carroll Lee

Champaign Livingston

DuPage McHenry

DeKalb Peoria

Effingham Rock Island

Ford Sangamon

Grundy Stevenson

Jo Daviess Winnebago

Kane Will

Kendall Tazewell

Kankakee Vermillion

Indiana Counties Lake

Porter

LaPorte

St. Joseph

Elkhart

Newton

Jasper

Iowa North Dakota

Michigan Counties Allegan Iron

Berrien Muskegon

Cass Ottawa

Dickson Van Buren

Gogebic

Wisconsin Counties Brown Ozaukee

Dane Washington

Milwaukee Waukesha

Wisconsin Secondary Counties Adams Marinette

Crawford Menominee

Door Oconto

Florence Oneida

Forest Otagamie

Grant Racine

Green Richland

Iowa Rock

Iron Sauk

Juneau Shawano

Kenosha Vernon

Kewaunee Vilas

Lafayette Walworth

Langlade Waupaca

Lincoln Waushara

Manitowoc

Overview of Expertise

Principal Markets

Integra Realty Resources—Chicago Metro



Core

competencies

ARE our

competitive

advantage

Core Competencies Specialized analysis

Related to real estate lending, asset acquisition and disposition, and public-sector planning and

development initiatives

Planning decisions for right- of- way related assignments for road, rail & utility corridors, condemna-

tion,

Intermodal properties, data/storage centers

Used for proposed and going-concern properties such as self/mini-storage, marinas, golf courses,

hospitality related properties, convention hotels, motels, automotive dealerships, car washes, gas

stations with convenience stores (c-stores)

Leasehold, leased fee, fractured, partial interest properties and all real property interests.

Alternative date of value/IRS Real Property Valuation guidelines for estate planning needs

Customary property types

Office: space with creative uses; high–rise; garden style

Retail/Commercial: shopping centers; plazas, pads, mega-malls, power, strip centers, restaurants,

and mixed-use with residential and creative office use components

Industrial: small scale to regional-sized; business parks/research & development

Agricultural: standard and specialized ag and crop operations; buildings and farms

Institutional: schools; churches; and auditoriums

Medical: surgical; medical and dental offices; veterinarian clinics

Multi-family: residential rental properties ranging from small to large scale apartments; estate,

residential & executive homes

Specialty: student and fraternity housing; senior and assisted living; HUD and Low Income Housing

Tax Credit properties such as (LIHTC) and all others

Litigation and qualified expert testimony federal/state/county/local venues

Estate planning, IRS valuations, alternative date of value

Competitive position analysis

Long-term common element replacement planning

Business & equipment valuations through our strategic partner

Condominium reserve fund studies, market rent studies, reserve fund studies

Feasibility studies for economic space allocations

Economic opportunity profiles, benchmarking and GAP analysis forecasting

Re-adaptive re-use studies, highest & best use retail studies for land & developments

Starker 1031 Exchange analysis, investment analysis, and cost-benefit studies

Eminent domain, expert witness related testimony

Extensive experience in management of large portfolios of properties nationally

Complex cash flow modeling and asset performance management including peer-to-peer studies

Real estate consulting on complex real estate matters

Speaking engagements, instructive and continuing education lectures

Review services, lease reviews, third party collateral shopping reports

Ad Valorem tax work

Consulting and Focused Services

mailto:[email protected]



Senior Management Gary DeClark MAI CRE, FRICS

Managing Director

[email protected]

J. Denis Gathman MAI, CRE, FRICS

Senior Managing Director

[email protected]

Jack Shanahan MAI

Director/Chief Reviewer

[email protected]

Gary Gray CFO

[email protected]

Office Management Kristin Richardson

Office Manager

[email protected]

Ramon Navarro

Administrative Assistant

[email protected]

Janet Clare

Customer Service Manager

[email protected]

Paul Arnold

Business Development-Public Sector

[email protected]

Debi Simon

Business Development-Regional

[email protected]

Residential and Apartments Margaret McGowan, Appraiser

[email protected]

Jud Munger, Appraiser

[email protected]

Senior Analysts and Analysts Mike Trotier CGA, Senior Analyst

[email protected]

Cynthia Howard CGA, Senior Analyst

[email protected]

Noelle McDonald CGA, Senior Analyst

[email protected]

Peter Jurco MRICS, Senior Analyst

[email protected]

Erik Coglianese, Analyst

[email protected]

Amanda Bina, Analyst

[email protected]

Charlie Harms, Analyst

[email protected]

Anthony Mule, Analyst

[email protected]

John O’Hara, Analyst

[email protected]

Suhas Patel, Analyst

[email protected]

Research Jennifer Lopez

[email protected]

Allen Ho

[email protected]

Our Team



Agricultural, Farms, Land

Airport Hangars and Related Use Buildings

Complex Industrial, Hospitality, and Specific Special Use

Energy Related Properties and Utility Corridor Easements

High Rise Class “A” Office and Creative Flex-Use Spaces

Income Producing Properties

Marinas and Water Rights/Leases

Medical Office Buildings

Multi-Family, Subdivisions and Infill Projects

Regional Malls and Specialty Retail w/ Mixed-Use

Religious and School Properties

Restricted-Use Property Analysis

Self Storage, Parking Lots, Garages

Senior & Active, Assisted Living, Adult Communities

Student and Fraternity Housing

Ad Valorem taxation for commercial industrial, office and multi-family properties

Competency in Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA or

“Yellow Book”) valuation (including state and federal land exchanges, managed

exchanges, in-holdings, etc.)

Dispute resolution/arbitration and related expertise

Fair value reporting

Forensic valuation and expert witness programs

HUD Multi-Family Accelerated Processing (MAP) valuations & studies

International valuations

Multi-family valuation of DUS lending for the Federal Housing Finance Agency

Right-of-way/eminent domain and residential relocation assistance

Urban renewal & re-use analysis

Valuation for purchase price allocation and financial reporting

Valuation for trust and estate planning

Areas of Specialization

Integra Realty Resources Chicago METRO



Gary DeClark, MAI, CRE, FRICS Managing Director of the Chicago Metro office of Integra Realty Resources, Inc., a counseling, consulting and appraisal firm dealing with various real estate investment grade, office, retail, industrial, residential and special use properties as well as the valuation of businesses.

Mr. DeClark is also considered an expert witness in the Circuit Courts of Cook County, Lake County, DuPage County, Will County and Kane County, Illinois, as well as federal courts in Northern Illinois and Northern and Southern Indiana. He has published various articles. Other accomplishments include teaching responsibilities for real estate appraisal fundamentals and principals courses sponsored by the Society of Real Estate Appraisers and Northwestern University.

Mr. DeClark is duly licensed in the state of Illinois under Certificate No. 553-000218 and also licensed in the states of Indiana (Certificate No.CG49300124), Iowa (Certificate No. CG1640), Michigan (Certificate No. 1201002765), Wisconsin (Certificate No. 261-10), Georgia (Certificate No. 254930) and Minnesota (Certificate No. 4001839). North Dakota licensing is pending. He is also a MAP Approved Appraiser.

J. Denis Gathman, MAI, CRE, FRICS Senior Managing Director with over 40 years of experience in the commercial real estate valuations field. Mr. Gathman has expertise in property types such as: complex valuation and consulting assignments which have included the development of real estate appraisal reports for the intended uses of acquisitions, disposition, litigation, Ad Valorem (tax protest), estate settlement, condemnation, going concern valuation, and internal decision-making for properties located throughout the Midwest US region; and Low Income Housing Tax Credit (LIHTC) properties, HUD-restricted apartment properties and TIF District analyses. Mr. Gathman has further experience in development, due diligence investigation, asset management, loan underwriting, construction management, property management, and operational and financial audits of properties in a wide range of types and locations and having an aggregate value over $25 billion. Mr. Gathman has been with IRR since 1998 and heads up the consulting market and custom research studies division for all property disciplines.

Jack F. Shanahan, MAI- Director with over 60 years working in the commercial real estate valuation field. Jack is widely known in the industry as an educator and author. He also served as Chief Appraiser with the national government’s Resolution Trust Corporation. In addition to the distinguished MAI designation, Jack is a Certified General Real Estate Appraiser in Illinois, and has served as the President of the local Chicago chapter of the Appraisal Institute

During his 60 years of experience in the commercial real estate valuation field, Jack has worked with commercial banks, attorneys, public bodies, and individuals. His specialties include valuing large, complex properties and condemnation work, though his diverse appraisal experience spans commercial, industrial, special purpose properties, single and multi-tenant office space, retail, subdivision analysis, estate settlement, feasibility studies, leased fee and leasehold estate analysis, and due diligence responsibilities.

A few of Mr. Shanahan’s most notable assignments have been the valuation of a federal prison in Chillicothe, Ohio; the completion of land condemnation projects for the reconstruction of the Alaska Highway System; and the appraisal of numerous Hawaiian golf courses. Jack also performed valuations for the Dan Ryan Expressway, the Hancock Tower, and the Civic Opera House in Chicago.

Leadership Qualifications




Financial Institutions & Lenders

AEGON USA Realty Advisors, Cedar Rapids

American Trust and Savings Bank

Bank of America

Bank of New York, New York

Bear Stearns & Company

Beech Street Capital

Berkadia Commercial Mortgage, LLC

CIB Bank

EverBank

Farm Credit Services

Fifth Third Bank

First Horizon

Harris Trust and Savings Bank, Chicago

Huntington Mortgage Company

JP Morgan Chase

KeyBank

Lake Forest Bank

Love Funding

Northern Trust

Private Bank

Prudential Life Insurance Company

Ridgestone Bank

Urban Partnership Bank

Wells Fargo Bank

Investment Banks/Pension Fund Advisors/ REITS

ABN AMRO North America

AON Corporation

Archon Financial

Credit Suisse First Boston

First Chicago Investment Advisors

First Foundation

Guardian Life Insurance

John Hancock Mutual Life

Jones Lang LaSalle

Jupiter Realty Corporation, Chicago, Milwaukee, Dallas

Kennedy Associates, Real Estate Investment Counselors, Seattle

Liam Ventures

Massachusetts Mutual Life Insurance Company

MONY Life Insurance

Morgan Stanley

Quasi Government & Corporations

Allied Waste, Inc

BP Amoco

Chicago Board of Education

City of Chicago

City of Gary, IN

City of Milwaukee, WI

Cook County State’s Attorney

DuPage County Supervisor of Assessments

Exxon Mobile Corporation

Federal Deposit Insurance Corporation (FDIC)

Ford Motor Company

Hyundai Motor America

Illinois Department of Transportation

Kankakee Board of Review

METRA

Metropolitan Water Reclamation District

Sara Lee Corporation

U.S. Army Corps of Engineers

U.S. Department of the Navy

U.S. General Services Administration

U.S. Postal Service

Union Pacific

Village of Oak Park

Walgreens

Waste Management

Developers & Investors

Abbott Land & Investment Corporation

AIMCO

BPG Properties

Brooks Callahan

Chicago Cubs Organization

Draper and Kramer, Inc.

Fifield and Company

Gallagher & Henry

GMH Capital Partners

Harlem Irving Companies

Historic Landmarks for Living

The John Buck Company

KIMCO

Korman Communities

LaSalle Partners, Chicago

Lurie Investments

Madison Apartment Communities

MCL Corporation

Morgan Properties

Ocean Atlantic

R.J. Waters & Associates

The Renaissance Companies

Shaw Environmental Corporation

Shell Oil

USF&G Realty Advisors, San Francisco

Law Firms

Baker & McKenzie

Beerman, Pritikin, Mirabelli & Swerdlove, LLP

Burke, Burns & Pinelli, LTD

DLA Piper

Drinker, Biddle & Reath, LLP

Dykema

Foley & Lardner, LLP

Freeborn & Peters

Hinshaw & Culbertson, LLP

Holland & Knight, LLP

Ice Miller, LLP

Kirkland & Ellis

Masuda, Funai, Eifert & Mitchell, Chicago

Miller, Shakman & Hamilton

Monahan & Cohen, LLC

Neal, Gerber & Eisenberg, LLP

Neal & Leroy, LLC

Quarles & Brady, LLP

Righeimer, Martin and Cinquino

Robbins, Salomon, Patt, LTD

Rosenthal & Schanfield

Schiller, DuCanto & Fleck, LLP

Sonnenschein, Nath & Rosenthal, LLP

Weil, Gotshal & Manges, LLP

Winston & Strawn, Chicago

Not For Profits

Boys & Girls Club

Catholic Archdiocese of Chicago

Central Conference of Evangelical Churches, Chicago

DePaul University

FIMSA, Inc.

Franciscan Sisters of Chicago

GEMS

Lutheran School of Theology

Roosevelt University

Solomon Foundation

Salvation Army

United Way

University of Illinois

Partial Client List



Financial Lenders & Institutions Mr. Bruce Diller Evangelical Christian Credit Union 935 W. Imperial Highway Brea, CA 98222 714-671-5768 Ms. Danielle Fawcett PNC Bank 620 Liberty Avenue, 13th Floor Pittsburgh, PA 15222 412-762-3871 Ms. Michelle Crane Oxford Bank 1111 W. 22nd Street, Suite 800 Oak Brook. IL 60523 Mr. Jack Crane Northern Trust Company 50 S. LaSalle St. Chicago, IL 60603 (312) 630-6000 Mr. Dustin Hakman Job Manager Midland States Bank 133 W. Jefferson Ave. Effingham, IL 62401 Mr. Daniel Berenschot, MAI Managing Director, Appraisal Risk Management The Private Bank 120 S. LaSalle St. Chicago, IL 60603 312-904-6363 Mr. Craig Slonkosky, MAI V.P./Senior Appraiser JP Morgan Chase Bank N.A. 1 Bank One Plaza Chicago, IL 60670 312-325-3185 Mr. Nick Giuliano President Pan American Bank 1440 W. North Ave. Melrose Park, IL 60160 708-273-8113

Developers & Investors Mr. Steve Schiltz Senior Vice President John Buck Company 1 N. Wacker Dr., Suite 2400 Chicago, IL 60606 312-441-4166 Mr. Bruce Cohen President, COO Ares Commercial Real Estate 2 N. LaSalle St., Suite 925 Chicago. IL 60602 Mr. Jeff Richards Vice President New Frontier Companies 20 S. Clark St., Suite 3000 Chicago, IL 60603 312-855-9444 Mr. Christopher Carroll Managing Director, Capital Markets Group Holliday Fenoglio Fowler 200 W. Madison St Chicago, IL 60606 312-528-3650 Mr. Chris Lannert The Lannert Group 215 Fulton St. Geneva, IL 60134 630-208-8088 Mr. Chris Rubek Waste Management 10 S. Seymour Ave. Grayslake, IL 60030 847-223-8515 Government & Not For Profit Cary Ulman, MAI US General Services Administration 230 S. Dearborn St. Chicago, IL 60604 312-866-4064 Mr. Daniel Crawmer Associate Director or Real Estate Services University of Illinois 807 S. Wright St., Suite 340 Champaign, IL 61820 217-244-4483

Mr. Andrew Mayes, P.E. Community Development Director Village of Glenview Skokie, IL 60077 847-673-0500 Mr. Otis Wright Deputy Commissioner Department of Planning, City of Chicago 318 S. Michigan Ave. Chicago, IL 60604 312-744-4190 Mr. Edward Leonard Senior Real Estate Administrator Office of Real Estate & Contract Management Metra 547 W. Jackson Blvd. Chicago, IL 60661 Mr. Charles Van Slyke City of Elmhurst 209 N. York Rd. Elmhurst, IL 60126 630-516-1800 Law Firms Mr. Donald Moran Pedersen & Houpt 161 N. Clark St. Chicago, IL 60601 312-261-2149 Mr. Randy Kemmer Assistant State’s Attorney Cook County State’s Attorney 500 Richard J. Daley Center Chicago, IL 60602 312-603-5440 Steven M. Hartmann, ESQ Freeborn & Peters 311 S. Wacker Dr. Chicago, IL 60606 312-360-6528 The Honorable Mary Katherine Moran Associate Judge Illinois Sixteenth Judicial Circuit Court 37W777 Route 83 St. Charles, IL 60175 630-232-3440

References




Integra Realty Resources, Inc. offers the most comprehensive property valuation and counseling coverage in the United States with 66 independently owned and operated offices in 33 states. Integra was created for the purpose of combining the intimate knowledge of well-established local firms with the powerful resources and capabilities of a national company. Integra offers integrated technology, national data and information systems, as well as standardized valuation models and report formats for ease of client review and analysis. Integra’s local offices have an average of 25 years of service in the local market, and each is headed by a Managing Director who is an MAI member of the Appraisal Institute.

A listing of IRR’s local offices and their Managing Directors follows:

Corporate Profile

ATLANTA, GA - Sherry L. Watkins., MAI, MRICS AUSTIN, TX - Randy A. Williams, MAI, SR/WA, FRICS BALTIMORE, MD - G. Edward Kerr, MAI, MRICS BOISE, ID - Bradford T. Knipe, MAI, ARA, CCIM, CRE, FRICS BOSTON, MA - David L. Cary, MAI, MRICS CHARLOTTE, NC - Fitzhugh L. Stout, MAI, CRE, FRICS CHICAGO, IL - Eric L. Enloe, MAI, MRICS CHICAGO METRO, IL – Gary K. DeClark, MAI, CRE, FRICS CINCINNATI, OH - Gary S. Wright, MAI, SRA, FRICS CLEVELAND, OH - Douglas P. Sloan, MAI COLUMBIA, SC - Michael B. Dodds, MAI, CCIM, MRICS COLUMBUS, OH - Bruce A. Daubner, MAI, FRICS DALLAS, TX - Mark R. Lamb, MAI, CPA, MRICS DAYTON, OH - Gary S. Wright, MAI, SRA, FRICS DENVER, CO - Brad A. Weiman, MAI, MRICS DETROIT, MI - Anthony Sanna, MAI, CRE, FRICS FORT WORTH, TX - Donald J. Sherwood, MAI, SR/WA, FRICS GREENSBORO, NC – Nancy Tritt, MAI, SRA GREENVILLE, SC - Michael B. Dodds, MAI, CCIM, MRICS HARTFORD, CT - Mark F. Bates, MAI, CRE, FRICS HOUSTON, TX - David R. Dominy, MAI, CRE, FRICS INDIANAPOLIS, IN - Michael C. Lady, MAI, SRA, CCIM, MRICS JACKSONVILLE, FL – Robert Crenshaw, MAI KANSAS CITY, MO/KS - Kenneth Jaggers, MAI, FRICS LAS VEGAS, NV - Shelli L. Lowe, MAI, SRA, MRICS LOS ANGELES, CA - John G. Ellis, MAI, CRE, FRICS LOS ANGELES, CA - Matthew J. Swanson, MAI LOUISVILLE, KY - George M. Chapman, MAI, SRA, CRE, FRICS MEMPHIS, TN - J. Walter Allen, MAI, MRICS MIAMI/PALM BEACH, FL - Scott M. Powell, MAI MINNEAPOLIS, MN - Michael Amundson, MAI, CCIM, MRICS

NAPLES, FL - Carlton J. Lloyd, MAI NASHVILLE, TN - R. Paul Perutelli, MAI, SRA, MRICS NEW JERSEY COASTAL - Anthony Graziano, MAI, CRE, FRICS NEW JERSEY NORTHERN - Barry J. Krauser, MAI, CRE, FRICS NEW YORK, NY - Raymond T. Cirz, MAI, CRE, FRICS ORANGE COUNTY, CA - Larry D. Webb, MAI, FRICS ORLANDO, FL - Charles J. Lentz, MAI, MRICS PHILADELPHIA, PA - Joseph Pasquarella, MAI, CRE, FRICS PHOENIX, AZ - Walter Winius, Jr., MAI, CRE, FRICS PITTSBURGH, PA - Paul D. Griffith, MAI, MRICS PORTLAND, OR - Brian A. Glanville, MAI, CRE, FRICS PROVIDENCE, RI - Gerard H. McDonough, MAI RALEIGH, NC - Chris R. Morris, MAI, MRICS RICHMOND, VA - Kenneth L. Brown, MAI, CCIM, MRICS SACRAMENTO, CA - Scott Beebe, MAI, FRICS ST. LOUIS, MO - P. Ryan McDonald, MAI SALT LAKE CITY, UT - Darrin Liddell, MAI, CCIM, MRICS SAN ANTONIO, TX - Martyn C. Glen, MAI, CRE, FRICS SAN DIEGO, CA - Jeff Greenwald, MAI, SRA, FRICS SAN FRANCISCO, CA - Jan Kleczewski, MAI, FRICS SARASOTA, FL- Craig L. Smith, MAI, MRICS SAVANNAH, GA - J. Carl Schultz, Jr., MAI, SRA, CRE, FRICS SEATTLE, WA - Allen N. Safer, MAI, MRICS SYRACUSE, NY - William J. Kimball, MAI, FRICS TAMPA, FL - Bradford L. Johnson, MAI, MRICS TULSA, OK - Robert E. Gray, MAI, FRICS WASHINGTON, DC - Patrick C. Kerr, MAI, SRA, FRICS WILMINGTON, DE - Douglas L. Nickel, MAI, FRICS IRR de MEXICO - Oscar J. Franck Terrazas, MRICS IRR Caribbean- James Andrews, MAI, FRICS

Corporate Office

1133 Avenue of the Americas, 27th Floor, New York, New York 10036

Telephone: (212) 255-7858; Fax: (646) 424-1869; E-mail [email protected]

Website: www.irr.com



IRR’s Advantage

Industry Leading Research Our proprietary database DataPoint provides in-depth analytics and reporting.

This unrivaled database is compiled from more than 100,000 valuation assignments across multiple markets. Additionally, it acts as a communications module for all documentation during and after the assignments.

100% Valuation and Counseling We do not offer other conflicting services. We are independent and have only one interest in mind: YOU– the Client. Integra’s personnel, support staff resources, data and techniques are focused exclusively on valuation and counseling.


Elite Professionals Integra has over 165 MAIs and more than 30 CREs, more than any other company. With Integra, you get intelligent national coverage with over 66 offices throughout North America and over 900 ‘best in class’ valuers. We have international offices and significant alliances worldwide.

Client Satisfaction Integra is committed to streamlining the management and delivery of assignments so our clients have confidence and direct contact with the appropriate individuals through out the project and afterwards. We accomplish this with our DataPoint system.

100% Valuation and Counseling

Elite

Professionals

Industry Leading

Research

Client

Satisfaction


Contact Us

Integra Realty Resources Chicago METRO 566 West Lake Street Suite 320 Chicago, IL 60661

Commercial Real Estate

T 312-346-3200 F 312-228-4908 irr.com/chicagoMETRO

Bids Gary DeClark, MAI, CRE, FRICS [email protected] Direct: 312-614-0648 Jack Shanahan, MAI [email protected] Direct: 312-614-0652

Residential Real Estate Gary DeClark, MAI, CRE, FRICS [email protected] Direct: 312-614-0648

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Re-Branding- New Business Developer -Appraisal Office Profile

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