Donald P. Bamman

PROFESSIONAL QUALIFICATIONS OF DONALD P. BAMMAN

Commercial Real Estate Appraiser Consultant

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BUSINESS BACKGROUND

Maine Valuation Company.  (Partner, 2000 – present) An independent commercial real estate appraisal, review and consulting firm providing a comprehensive range of professional valuation products and services throughout Maine. Don is a Partner and presently operates a satellite office located in Lamoine, Maine.

Appraisal Research Associates. (Principal Owner, 1986 – 2000) Appraised both residential and commercial properties, and land, since forming an independent fee appraisal shop in May 1986. Experienced in appraising single-family residential properties, multifamily properties, commercial and industrial properties, office buildings, vacant land, subdivisions, islands, and conservation easements.

SCOPE OF EXPERIENCE

Numerous appraisals and consulting assignments on a variety of property types in Maine, including but not limited to:

  • Commercial wharves
  • Lobster Float Tank Buildings;
  • Boatyards
  • Lobster pounds;
  • Seafood Processing Plants
  • Hotels, Motels, Bed Breakfast, Inns;
  • Islands
  • Waterfront Land;
  • Office Buildings
  • Medical, Professional; Owner-Occupant Investment Grade;
  • Industrial Properties
  • Manufacturing, Warehouse, Distribution, etc;
  • Special Purpose Properties
  • Self-Storage, Churches, Recreational, Institutional, etc;
  • Restaurants
  • Retail – Strip, Neighborhood, Community;
  • Land/New Construction
  • Lots, Acreage, Subdivisions, Development Projects, etc.

CLIENT SERVICES VALUATION PRODUCTS

The purpose of professional valuation services typically involve: purchase and sale agreements; mortgage financing; collateral evaluation; estate settlement; ad valorem taxation; mediation/arbitration; valuation of leased fee/leasehold interests; insurable value/ replacement cost studies; feasibility, marketability, and highest and best use analyses for evaluation planning purposes.

Client services and valuation products consist of Commercial Real Estate Appraisals and Reports; due diligence/research studies; and private consultation. Computer literacy in Word and Excel enhances the analytical and reporting service to clients. Professional services have been provided to numerous financial institutions, governmental agencies, insurance companies, corporations, lawyers, estates and private individuals.

Don has also qualified as an expert witness in Real Estate Valuation before Hancock Washington County Superior Courts.

EDUCATION COMPLETED

General

Graduated with honors 1973, University of Rhode Island

Society of Real Estate Appraisers Courses

  • Society of Real Estate Appraisers Course #101
  • 40 hr. Maine Real Estate Valuation Course, 1986
  • Society of Real Estate Appraisers Course #101
  • An Introduction to Appraising Real Estate; 60 hrs, July, 1986.
  • Society of Real Estate Appraisers Course #102
  • Applied Residential Property Valuation; 35 hrs, May, 1987.
  • Society of Real Estate Appraisers Course #201
  • Introduction to Income Property Valuation; 60 hrs, April, 1990
  • Society of Real Estate Appraisers Course #440
  • Professional Practice and the Society of Real Estate Appraisers; 15 hrs, November, 1990

Appraisal Institute Courses and Seminars Include

  • Course #202 – Applied Income Property Valuation; 35 hrs, November, 1991
  • Seminar – Appraising Troubled Properties; 7 hrs, May 1992
  • Seminar – Economic Forecast: Insights into National and Regional Markets; 3.5 hrs, July 1992
  • Course #520 – Highest Best Use and Market Analysis; 35 hrs, May, 1993
  • Seminar – Understanding Limited Appraisal Appraisal Reporting Options 7 hrs, September 1994
  • Seminar – Subdivision Analysis; 7 hrs, November 1994
  • Courses #410, 420 – Standards of Professional Practice; 27 hrs, November 1995
  • Seminar – Appraising Special Use Properties; 7 hrs, September 1996
  • Seminar – Detrimental Conditions; 7 hrs, October 1997
  • Course #700 – Litigation Valuation Overview; 15 hrs, November 1997
  • Course #430 – Standards of Professional Practice; 15 hrs November 1997
  • Course #530 – Advanced Sales Comparison and Cost Approach; 36 hrs May 1999
  • Course #32/1186 – USPAP Update for State License Renewal; 7 hrs, September 2000
  • Course #32/1343 – Attacking Defending Appraisals in Litigation; 14 hrs, June 2001
  • Course #32/1324 – USPAP Update 2001; 7 hrs, September 2001
  • Course #620 – Sales Comparison Valuation of Small Mixed Use Properties; 16 hrs, March 2002
  • Course #638 – Highest and Best Use Applications; 7 hrs, November 2002
  • Course #679 – Appraisal of Non-Conforming Uses; 7 hrs, November 2002
  • Course #32/1491 – 7-Hour National USPAP Update; 7 hrs, March 2003
  • Course #420 – Business Practices and Ethics; 8 hrs, August 2003
  • Course #746 – Uniform Standards for Federal Land Acquisitions; 16 hrs, May 2004
  • Course #32/1024 – Partial Interest Valuation – Divided; 7 hrs, August 2004
  • Course #32/1516 – Rates and Ratios: Making Sense of GIMs, OARs and DCF; 7 hrs, August 2004
  • Course #5/1654 – Real Estate Finance, Statistics, and Valuation Modeling; 14 hrs, September 2005
  • Course #5/1567 – 7-Hour National USPAP Update; 7 hrs, October 2005
  • Course #32/1851 – Self Storage Economics and Appraisal; 7 hrs, May 2006
  • Course #1400 – 7-Hour National USPAP Update; 7 hrs, August 2006
  • Course #1336 – Appraising Environmentally Contaminated Properties; 7 hrs, March 2007
  • Course #1586 – Evaluating Commercial Construction; 16 hrs, September 2007
  • Course #2028 – Land Valuation Assignments; 7 hrs, November 2007
  • Course #2078 – Land Valuation Adjustment Procedures; 7 hrs, November 2007
  • Course #1400 – 7-Hour National USPAP Update; 7 hrs, October 2008
  • Course #797 – Valuation of Conservation Easements: 33 hrs, March 2008
  • Course #N420DM – Business Practices and Ethics; 7 hrs, October 2009
  • Course #1400 – 7-Hour National USPAP Update; 7 hrs, May 2010
  • Course #600GRE – Income Valuation of Small, Mixed-Use Properties; 15 hrs, April 2011
  • Course #1400 – 7-Hour National USPAP Update; 7 hrs, February 2012
  • Course #N420DM – Business Practices and Ethics; 4 hrs, October 2012
  • Seminar – Online Data Verification Methods; 5 hrs, November 2012
  • Seminar – Complex Litigation Appraisal Case Studies; 7 hrs, September 2013
  • Course  – 7-Hour National USPAP Update; 7 hrs, March 2014
  • Course  – Appraising Land Conservation Properties in Maine; 7 hrs, April 2014
  • Course  –  Uniform Standards for Federal Land Acquisitions; 16 hrs, June 2015
  • Course  – Two-Day Advanced Income Capitalization/A; 14 hrs, October 2015
  • Course  – 7-Hour National USPAP Update; 7 hrs, March 2016
  • Course  – AI Business Practices Ethics; 7 hrs, December 2016
  • Course  –  Uniform Standards for Federal Land Acquisitions; 16 hrs, November 2017
  • Course  – 7-Hour National USPAP Update; 7 hrs, January 2018
  • Course  – Solving Land Valuation Puzzles; 7 hrs, November 2018
  • Course  – Advanced Land Valuation; 7 hrs, September 2019
  • Course  – 7-Hour National USPAP Update; 7 hrs, March 2020

Real Estate Appraisal Seminars

  • American Institute of Real Estate Appraisers
  • Appraising Conservation and Preservation Easements, 1991
  • USM Center for Real Estate Education
  • Technical Writing of Appraisal Reports; 15 hrs, February, 1992
  • Midcoast Code Enforcement Officers Association
  • Is it Buildable?  5 hrs, February 1998
  • Maine Indoor Air Quality Council
  • Mold Contamination in Buildings; 6.5 hrs, March 2002
  • Maine Chapter Appraisal Institute
  • Understanding Flood Zone Mapping Risk; 2 hrs, May 2015

FORMER PROFESSIONAL AFFILIATIONS

  • Residentially Designated Member of the Appraisal Institute (1988 – 2020)
  • Former Member of the Maine Chapter of the Appraisal Institute
  • Chapter Offices Held: Director (19881992); Treasurer (1993); 2nd Vice President (1994)
  • 1st Vice President (1995); President (1996); Ex-Officio (1997)

(Resigned from Appraisal Institute designated membership in December 2020)

LICENSING CERTIFICATION

  • Licensed and Certified General Appraiser; State of Maine Board of Real Estate Appraisers, #CG-202
  • Member of Maine Board of Real Estate Appraisers (19962002)
  • Chairman – Maine Board of Real Estate Appraisers (1998-1999) (1999-2000) (2000-2001)

PARTIAL CLIENT LIST

  • Various local and regional lenders
  • Local and regional law firms
  • Washington County Commissioners
  • University of New Hampshire
  • HancockWashington Community Agency
  • US Marshals Service
  • United States Department of the Interior
  • Maine Department of Conservation
  • Maine Department of Inland Fisheries and Wildlife
  • The Land for Maine’s Future Board
  • The Conservation Fund
  • VA, FHA
  • Municipalities:  
    • Milbridge
    • Machiasport
    • Gouldsboro
    • St. George
    • Swans Island
    • Southwest Harbor
    • Whiting
    • Cutler
  • Trust for Public Land
  • Maine Coast Heritage Trust
  • Frenchman Bay Conservancy
  • Coastal Mountains Land Trust