Date:  November 21, 2024

CE Credits:  1 CE 

Start Time:  10am Pacific (12pm Central/ 1pm Eastern)

 

The presentation will describe the saga of an acquisition through condemnation by the U.S. of a property within the boundaries of the National Test and Training Range in Nevada. Spanning a number of years, the pre-trial activities included a number of appraisals, appraisal reviews and work by additional experts on both sides. The extensive pre-trial work, including depositions, law and motion practice, sets the stage for the ultimate trial. We will discuss the valuation positions taken by the two sides, the results of pre-trial motions and their impact on the case and the final verdict, along with the reasoning of the commission that heard the matter. Finally, we will discuss some key takeaways from the story.

 

Stephen D. Roach, MAI, SRA, AI-GRS, CDEI, has been an appraiser for over 45 years. His appraisal assignments have included significant and complex assignments throughout the U.S. Mr. Roach holds a bachelor of science degree in real estate from San Diego State University, and he has extensive deposition and trial testimony experience. Mr. Roach is a contributing editor to numerous Appraisal Institute books, courses, and seminars. His Appraisal Institute teaching experience includes basic and advanced courses on income capitalization, litigation courses, and over 200 additional courses and seminars. In addition to teaching throughout the U.S. Mr. Roach has presented appraisal courses, seminars, or lectures in Switzerland, Germany, South Korea, Japan, China, and Mexico. Mr. Roach is a long-time member of IRWA and is a principal member of the Real Estate Counseling Group of America.

Andrew F Sorba, SR/WA, R/W-AC 

IRWA International Valuation Committee Chair

Email:  asorba@appraisalgroupnw.com