Eric L. Risberg, MAI, ASA,SRA
— Advanced Appraisal International

Eric Risberg has been advising clients on commercial real estate matters since 1993.

He is the founder of Advanced Appraisal International, Inc., based in San Francisco, California. Earlier in his career, he provided commercial real estate appraisal services to American Appraisal Associates, the world's largest independent valuation firm.

Mr. Risberg has appraised property for more than 500 clients, including over 20 Fortune 500 companies. He has appraised property in over 30 states. His appraisals cover a wide range of properties, such as large multi-tenant and single-tenant retail properties, suburban and downtown office buildings, mixed-use facilities, industrial facilities, hotels, waterfront properties, right-of-ways, easements, ground leases, subdivisions, resort properties, golf courses, vineyards, and thousands of acres of land. He has also appraised all types of residential real estate including: single family homes, high-rise and low-rise apartment buildings, entire condominium complexes, tenancies in common, ranches, cooperatives, timeshares and individual condominium units.

He has provided expert witness testimony in trial at the State Superior Courts of Marin, San Francisco, San Mateo and Alameda Counties. He has been deposed on many occasions as an expert witness and has also provided fair market rental and market value determinations involving real property for arbitration, appraisement, mediation, litigation and other purposes requiring advanced and complex property valuation knowledge.

Large appraisal projects include: participation in the valuation of the Xerox Technology Center in Rockford, New York, a facility of nearly 7 million square feet of office, industrial, and research & development space; Crocker Galleria, a shopping mall located in downtown San Francisco with over 40 tenants; 1000 Van Ness Avenue, a 400,000+ square foot structure that includes 14 Movie Theaters and numerous retailers.

Other particularly noteworthy projects included participation in the valuation of more than 200 investment-grade properties for a major U.S. Life Insurance Company; more than 50 hotel valuations for Marriott International; a nationwide retail property portfolio for Copley Real Estate Advisors; and the appraisal of high-rise office buildings in Los Angeles, Chicago and San Francisco. In his career he has also valued the land at nearly every large oil refinery in the State of California.

He has appraised properties for the purposes of: purchase, sale, corporate planning, ad valorem tax, estate planning, financing, donation, arbitration, litigation, mediation and allocation of purchase price. He has provided opinions of market value for sale in the open market and in-use. During the past 20 years as an appraiser he has valued billions of dollars of real estate and related capital asset

Professional Accreditations and Designations

Appraisal Institute, Designated Member (MAI)

American Society of Appraisers, Accredited Senior Appraiser (ASA)

Appraisal Institute, Senior Residential Appraiser (SRA)

California Association of Realtors

San Francisco Association of Realtors

National Association of Realtors

Appraisal Institute Roster for Specialization in Litigation

Appraisal Institute Roster for Specialization in Conservation Easements

State Certifications and Licenses

Certified General Real Estate Appraiser, State of California, No. AG025802

State of California Real Estate Broker, No. 01231982

Certified General Real Estate Appraiser, State of Texas, No. 78711-2188

Certified General Real Estate Appraiser, State of Nevada, No. 1101677

College Education

University of Wisconsin at Madison: Bachelor of Business Administration — 1992

Double Major: Real Estate and Urban Land Economics; Risk Management and Insurance

Litigation Support / Expert Witness Experience

Eric L. Risberg, MAI, ASA, SRA has provided expert opinions and analysis to law firms on the following topics:

Agent/Broker standard of care

Appraisal of office, retail, industrial, and residential buildings

Appraiser standard of care

Before-and-after damages valuations

Building code compliance

Construction defect litigation

Development land

Duty to mitigate issues

Fair market rental rate determinations and other lease analyses

Gas station and convenience store valuations

Ground lease valuation and analysis

Hotel valuations

Insurable values and appraisal applications in insurance matters

Landlord / tenant disputes

Market conditions and changes in the real estate market

Partial interests / fractional interests in real property

Prospective valuations (future values)

Rent loss and damages calculations

Retrospective valuations (historical values)

Single family home property owner disputes

The Uniform Standards of Professional Appraisal Practice (USPAP)

Waterfront properties