QUALIFICATIONS OF DAVID J. GLAUBER, MBA, MAI

PRESIDENT                                         American Appraisers Corp

GSA CONTRACT NUMBER:                GS-23F-018AA                

EDUCATION

  MASTERS DEGREE                      MBA, Indiana University Business Administration 2013
                                                        Pinnacle Honors Society
  
BACHELORS DEGREE:                BS, University of Louisville, Finance and Economics, 1991
  
HIGH SCHOOL:                             Carroll County High School, 1986
  
APPRAISAL INSTITUTE:                MAI, Designated Member

MAI designation is awarded to appraisers that have completed 65% more appraisal education than that required for general appraiser
certification, taken a two day comprehensive examination, written an appraisal demonstrating expertise in all areas of real estate appraisal
and incurred 4 years of MAI level experience, which is 2 years beyond the experience required for General Appraisal Certification.  The MAI
designation is recognized worldwide and is synonymous with the best.  The MAI designation is required for many court proceedings and
large complex assignments.  

APPRAISAL INSTITUTE:
    300 hours of appraisal classes relevant to the MAI designation were taken through the Appraisal Institute.  100 hours of continuing
    education is required every 5 years to maintain MAI designation.  

SPECIALIZED EDUCATION:
    
Appraising Conservation Easements (Wetlands):  Appraisal Institute
    Yellow Book (Uniform Appraisal Standards for Federal Land Acquisitions)
    USPAP (Uniform Standards of Appraisal Procedure)
    Appraisal of Shopping Centers:
    Strategic Cost Management
    Managerial Economics
    Modeling and Simulation
    International Environmental Analysis
    Financial Management
    Small Income Properties
    Farm and Rural Property Appraisal
    Financial Planning Workshop, 80 hours, Minneapolis Minnesota, 1992
    NASD Series 7 license Workshop, 40 hours, St. Xavier University,

    Other education providers:  500 hours every 5 years to maintain MAI designation and 14 hours of continuing education are taken
each year in order to maintain state licenses.  

NATIONWIDE AND INTERNATIONAL APPRAISAL EXPERIENCE
We have appraised property in the FOREIGN COUNTRY OF St Lucia as well as 33 states in the United States as well as Washington DC.    
States include:Alabama, New Jersey, New York, Maryland, North Carolina, Georgia, Mississippi, Missouri  Kentucky, Kansas, Florida, Ohio,
Illinois, Iowa, Tennessee, Indiana, West Virginia, Texas, Arizona, California, Colorado, Connecticut, Washington DC, Delaware, Louisiana,
Massachusetts, Michigan, Minnesota, Nebraska, Nevada, Pennsylvania, South Carolina, Virginia, Washington


MARKET STUDIES:
  
Re-development study of the West End of Louisville Kentucky
  Numerous market studies involving absorption of subdivisions and condominium projects.  
  DEFENSE BASE AND REALIGNMENT CLOSURE (BRAC) study for Fort Knox Army Base.    

FEDERAL GOVERNMENT CONTRACTING
  
Served as a subcontractor for a federal project market study of Fort Knox, Kentucky, for the Base Realignment and Closure (BRAC)
  Provided appraisals for FDIC regarding bank portfolios in receivership
  Federal contract with HUD for review of appraisals
  Kenton County Airport Board (Cincinnati Airport)       

APPRAISAL EXPERIENCE WITH OTHER FIRMS:

  
American Appraisers Corp.                 President / Owner                                        2004-Present
  Roppel Appraisal Service:                   Commercial Real Estate Appraiser              2000-2004
  Lewman-Miller Appraisal:                    Commercial Real Estate Appraiser              1999        
  Tamplin & Company:                          Commercial Real Estate Appraiser               1999
  Moore & Associates:                           Residential Real Estate Appraiser               1997
  Allgeier Company:                              Commercial Real Estate Appraiser               1995
  McDonogh & Associates:                    Commercial Real Estate Appraiser              1987-1991        
  Glauber Real Estate:                          Residential Real Estate Appraiser               1986

FINANCIAL EXPERIENCE
     
American Express Financial Advisors:           Financial Advisor                1991-1995
     Safetran Systems:                                         Financial Analyst                1997                                    

PROFESSIONAL AFFILIATIONS
 
 Appraisal Institute, Member, # 12140   
  Certified General Indiana, Certified General Kentucky, Certified General Arizona
  Knights of Columbus  
  2006 Kentucky Businessman of the year
  Congressional Business Advisory Council Chairman
  Steering Committee Member, Jeffersontown Renaissance on Main Street
  Kentucky Senate Candidate 20th District
  President Gas Light Business Association

COURT APPEARANCES
 
 I have testified as an expert witness on 6 occasions and have been deposed on each of those occasions as well as numerous other
  depositions for cases that did not go to court.  

PROPERTY TYPES:
  
American Appraisers appraises roughly 400-500 properties each year.  
  The property types for the year 2013 vary as follows:
  
  
Apartment Complexes                                66
  Institutional and other                                44
  Condominium projects/individual               24
  Industrial Facilities                                     47
  Vacant Land including developments        37
  Mixed Use                                                  17
  Office Buildings                                          58
  Retail/Shopping Centers                            60
  Houses                                                      100
  Construction Draws                                    50

LANGUAGES SPOKEN
  
English
  Spanish
  German
   
FOREIGN COUNTRIES:    
  
St Lucia

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David Glauber has been involved in commercial real estate appraisal since 1986.  He has worked with several of the MAI's in t
David J. Glauber, MAI
President