QUALIFICATIONS OF DAVID J. GLAUBER, MBA, MAI

PRESIDENT                                         American Appraisers Corp

Certified General:                             KY, IN, OH, TN, NC, MD

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
December 22, 2014