QUALIFICATIONS OF THE APPRAISER

 WALKER R. BEARD

PROFESSIONAL EXPERIENCE:

Member Appraisal Institute  (MAI)

Certified Commercial Investment Member (CCIM)

Certified Property Manager (CPM)

State Certified General Real Estate Appraiser ‑ Texas 1320551­‑G (View State License)

State Certified General Real Estate Appraiser – New Mexico 02024-G

Broker – State of Texas #0381227

AQB Certified USPAP Instructor

EDUCATIONAL BACKGROUND AND SPECIAL TRAINING:

Graduate from the California Polytechnic State University, Bachelor of Science Degree, Major - Agricultural Education, Minor – Biological Science

Completed the following real estate courses from the Appraisal Institute:

·         Real Estate Appraisal Principles

·         Basic Valuation Procedures

·         Capitalization Theory and Techniques ‑ Part A and B

·         Case Studies in Real Estate Valuation         

·         Report Writing and Valuation Analysis

·         Standards of Professional Practice

Completed the following Commercial Investment Real Estate Institute courses:

·         Financial Analysis for Commercial Investment Real estate

·         Market Analysis for Commercial Investment Real Estate

·         User Decision Analysis for Commercial Investment Real Estate

·         Investment Analysis for Commercial Investment Real Estate

Completed the following Institute of Real Estate Management courses:

·         Developing Human Resource Strategies for Real Estate Management

·         Marketing and Leasing Strategies for Multifamily Properties

·         Understanding Financial Calculations and Strategies for Real Estate Managers

·         Financing and Valuation Strategies for Real Estate Assets

·         Measuring Performance of Real Estate Assets

·         Applying Investment Criteria to Real Estate Asset Decisions

·         Writing and Using Management Plans

EMPLOYMENT:

May 2002 to Present - Partner, Wilkinson, Pendergras & Beard, L.P.

February 1995 to December 2001 – Senior Vice President, Regional Real Estate Manager, JPMorgan Chase Private Bank.

July 1986 to January 1995 – Vice President, Regional Appraisal Manager, Texas Commerce Bank.

February 1983 to June 1986 – Vice President, Trust Real Estate Officer, El Paso National Bank.

June 1979 to January 1983 – Property Administrator, Salyer American.

Prior to 1979 – Assistant Manager, J.G. Boswell Company, Assistant Manager Double U Cattle Company.