The Centre for Advanced Property Economics

Conceived in 2000 as an independent and international institution of the Valuation profession, The Centre for Advanced Property Economics was incorporated in August 2001 through the generous contributions of organizations and individuals who see the need for challenging the advanced practitioner, the seasoned academician, and the experienced user of Valuations and Economic Analysis.

The Centre provides opportunities for these individuals in research, in public forums, and in publication that address complex problems of valuation theory and technique. Each of the projects of the Centre address the practical benefits of advanced knowledge that exceeds traditional appraisal training and promotes the continuing evolution of the valuation profession. The Centre will additionally provide perspective on current events in industry, regulation and legislation.

Programs

The Centre recognizes that emerging areas of practice and competency can be built through the interdependence of valuation disciplines. The Centre is the locus for exploring the influences of economic theory, accounting practice, and capital markets. Consequently the Centre is emerging as an active partner of the valuation profession in cooperation with The International Valuation Standards Committee, the Appraisal Foundation, and the societies, institutes, and organizations that comprise the profession worldwide.

More importantly, the Centre for Advanced Property Economics has emerged as a conduit for the valuation profession to the thinking of the allied professions in economics, banking, law, and industry. In 2002, the Centre will begin offering opportunities for research and public discussion on emerging issues.

Current topics in research and publications being addressed by The Centre are:

Mark-to-Market Accounting
Financial Measurement
Environmental Liabilities
Asset Backed Securities Valuation
Intangible Asset Valuation
Corridor Valuation
Partial Interest Valuation
Options Pricing Theory
Global Standards/Profession Issues
Emerging Market Valuation
Advanced Statistical Modeling Applications
Timber Valuation
Valuation & Transparency in Emerging Markets
Extractions and Usage Rights/Taxation
Real Estate Cycles & Other Market Analysis Techniques
SIC Code Changes and Data Gathering
Effects of Demand Shift with Aging Population
Land Use and Public Policy in the Future

Previous programs

2002 Programs

The Centre sponsored three programs in 2002: One on Valuation of Property with Environmental Consideration, and then two programs relating to the valuation of corridors. Program materials for all three programs are available from Dolores Grabowski on CD or in printed form. The Environmental Symposium materials are $50.00 and for the two Corridors Symposia for $75.00 total. For more information or to order the information, please contact Dolores Grabowski at:

dgrabowski@appraisalinstitute.org
312-335-4117
Or
dawtaxman@aol.com

2003 Programs

Public forums of the Centre for Advanced Property Economics for 2003 included the increasingly popular subject of Mark-to-Market Valuation and the current hot topic of the Valuation of Minerals and Reserves.

2004 Programs

In 2004, the Centre conducted a successful first ever North American Financial Reporting symposium in Toronto, Canada. The well attended symposium marked a special joint international event for worldwide appraisal organizations.

2005 Programs

Two very important public forums, that is a Water Rights and Timber Symposium will be conducted in Las Vegas, Nevada and Portland, Oregon, respectively in 2005. Please watch this website for more information or contact your appraisal organization for more information.

Structure

The Centre originated in an idea conceived by the Appraisal Institute and culminated in the cooperative efforts of the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, Appraisal Institute, Appraisal Institute of Canada and the International Association of Assessing Officers. The Centre continues to seek cooperative relationships throughout the profession and welcomes other organizations.

The Board of Directors for The Centre for Advanced Property Economics represents a cross-section of professional valuers. Members of the Board are:

Richard Raymond Alasko, Chair	Chairman, The Alasko Company
Richard Marchitelli, Vice Chair	Director, Real Estate Valuation/Consulting PricewaterhouseCoopers LLP
Richard C. Amoling	Past President, American Society of Appraisers
Andy Brorsen	Education Char, American Society of Farm Managers and Rural Appraisers
George Chapman	Appraisal Institute Commercial Database Standards, Developer
Fred Chmura	Past President, International Association of Assessment Officers, 2004
John Clark	Past President, Appraisal Institute of Canada
Edward Crapo	Past President, International Association of Assessment Officers, 2001
J. Michael Hill	Chairman, The Appraisal Foundation, 2000
Peter John Clark	International Property Advisor, Government of Canada
Joseph Stanfield	President, Appraisal Institute 1998
John Widdoss	Past President, American Society of Farm Managers & Rural Appraisers, 1996