Iowa Appraisal

Iowa Commercial Appraiser

Iowa Appraiser

Iowa Commercial Appraisal

 

Ranney Ramsey, MAI
Director – Retail Valuation Services
515-276-0021 Phone
515-276-9303 Fax
ranney@nelsenappraisal.com
 
 

Work Experience

Principal Real Estate Investors, Des Moines , IA

    Prepare and review internal and external appraisals for Debt and Equity National Portfolios in core property groups: industrial, retail, multi-family residential, and office. These reviews cover appraisal reports prepared for Principal’s general portfolio, Principal Bank, foreign and domestic third-party managed accounts, and for commercial mortgage-backed security (CMBS) pools.

    Retail sales and industry analysis

        • Tracking and analyzing retail sales, financial data and merchandising trends (e.g., “Impact of Super-centers on Grocery anchors”) for major national retailers in discount, grocery, drug sectors;
        • Identifying and analyzing trends in the development of new retail formats (e.g., “Lifestyle” centers);
        • Creating and maintaining national database on acquisitions, sales, developmental profit, land sales, capital costs and trends within the regional mall industry nationwide.

    Retail demographics and markets

        • Developing internal procedures for assessing the relative balance of demand and supply for new grocery store development combining demographic data, supply and sales data;
        • Implementing use of demographic and geographic information system (GIS) data for commercial mortgage underwriting;
        • Implementing use of Trade Dimensions store-level database for grocery store and drugstore market share statistics.

    Property experience includes investment-grade industrial, office, retail, and multifamily projects in the United States. Specific experience with major retail properties includes: Houston Galleria (TX), Boise Town Square (ID), University Village (WA), Del Mar Center (CA), General Growth Properties regional mall portfolio, Hamilton Square Mall (TN), Country Club Plaza (Kansas City, MO), Waikelee Center (HI), Northpoint Mall (GA), Quakerbridge Mall (NJ), Natick Center (MA), Taunton Square Mall (MA), and others similar in quality and size throughout the United States.

    Colliers International – Turley Martin

    Supervised commercial appraisal and consulting department of commercial brokerage firm; prepared and reviewed appraisal and consulting reports for predominantly industrial, retail and office properties located in the St. Louis metropolitan area serving financial and corporate clients for lending, periodic asset valuation, estate planning, and tax appeal purposes.

    Equitable Real Estate Investment Management

    Responsible for periodic valuations of existing properties; prepared quarterly financial analysis of renovation and/or expansions of regional mall properties; prepared valuations of investments for acquisition and/or origination of new Debt or Equity investments.

    Property level experience: Office, industrial, retail and multifamily properties located in the Midwestern region of the United States including the IBM portfolio of regional malls managed and later acquired by General Growth Properties, also major retail properties owned by Equitable Prime Property Fund including the Tri-County mall renovation and expansion in Cincinnati, OH; the South Park Mall renovation and expansion in Moline, IL.

    Professional Affiliations

    Member, Appraisal Institute (MAI); Appraisal Institute, certificate number 8205. Currently certified in the program of continuing education for designated members of the Appraisal Institute through December 31, 2010.

    Served on Chapter and National Experience Review committees (1992-2008); National Experience Screener and Advisory Panel (2007-2008).

    Member, Iowa Chapter of Appraisal Institute, Board of Directors, (2008)

    Associate Instructor status, Appraisal Institute education courses (2008)

    International Council of Shopping Centers (ICSC) ; Associate member

    Education

    Masters of Arts ; Emporia State University, Rhetoric and Public Address; graduate assistant in debate and forensics; Graduate assistant: Debate and Forensics

    Bachelor of Arts , Wichita State University , cum laude, Majors: Economics, Speech; Minor: Mathematics, English, Education

    Publications and Papers  

    • A Look Back – 60 years ago , Appraisal Journal, Winter 2007
    • Focusing on Real Problems: New Forms of Thought in Real Estate Economics , Conference on The Future of Heterodox Economics, International Association for Pluralism in Economics, University of Missouri at Kansas City, June 2003
    • The Urban Land Economics Tradition: How Heterodox Economic Theory Survives in the Real Estate Appraisal Profession, presented at the Conference on Heterodox Economics in the 20 th Century, University of Missouri at Kansas City, 2002; published as, chapter 15 in History and Methodology of Heterodox Economics, Vol. 22 C, ed., Warren Samuels, Professor of Economics emeritus, Michigan State University, 2004
    • The New Institutional Economics: A New Ideal for Understanding Real Estate , unpublished manuscript, 2001
    • Retail Sales Data and the Evaluation of Major Shopping Centers , Appraisal Journal, October 1994

    Awards and Recognition  

    • 1994 Robert H. Armstrong Award by the Appraisal Institute for the best original article published in the Appraisal Journal in 1994

      Presentations

    • “Real Estate Asset Bubbles,” Iowa Commercial Real Estate Exposition, October 2006, West Des Moines, IA
    • “Issues in Valuation: Assemblage and Eminent Domain,” Iowa Appraisal Chapter, Amana, IA, 2005
    • “Lifestyle Centers,” NAI Midwestern Conference, November 2004, Chicago, IL
    • “Lifestyle Centers,” Iowa Commercial Real Estate Exposition, October 2004, West Des Moines, IA
    • “What’s Hot and What’s Not in Retail Real Estate,” Iowa Commercial Real Estate Exposition, October 1998, West Des Moines, IA
    • “Retail Demographics,” Medicap Pharmacies, April 1999, West Des Moines, IA
    • “Retail Update,” Iowa Chapter of Appraisal Institute, February 1999, Amana Colonies, IA
    • “Retail Sales,” Iowa Chapter of Appraisal Institute, March 2001, Amana Colonies, IA
    • “Witnesses: Feminine Voices of Protest Against Slavery in the Antebellum Period,” 2003-2004, local PEO Chapter; West Des Moines Women’s League, IA

      Expert Witness  

    • Ohio Federal Bankruptcy Court, Cincinnati, O H, 1992