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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Louisville, KY.  40299
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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