QUALIFICATIONS OF THE APPRAISER

Gary Snowdon, ASA, IFAS, MRICS

Snowdon Valuation | 589 Highwood Circle | Albany, NY 12203 Commercial Real Estate Appraisal Phone: 518-227-0011 Fax: 518-456-0011 gary@rsubo.com | www.SnowdonValuation.com

APPRAISAL CERTIFICATION
State of New York, Department of State Certified General Real Estate Appraiser, ID Number 46000010095. State of New York, Department of State. Certified Appraisal Instructor. State of New York, Department of Transportation Appraisal Consultant. Qualified by examination. Land Trust Alliance, Certificate of Completion: Valuation of Conservation Easements.

ASSOCIATION MEMBERSHIPS AND DESIGNATIONS

American Society of Appraisers, Accredited Senior Appraiser (ASA designation), June 2005. Real Property Committee, July 2011 Present. Education Committee, Co-Chair, July 2011- Present Hudson Valley Chapter, Secretary, June 2006 June 2010; Chapter President, June 2010 Present. National Association of Independent Fee Appraisers, Senior Member (IFAS designation), October 2004. Education Committee, 2011 Present. Royal Institution of Chartered Surveyors, Member (MRICS designation), April 2010. Appraisal Institute, Associate Member, December 1992 December 2012. Albany Branch Chapter: Board of Directors, January 1999 - December 2003; Chair, 2001. Upstate NY Chapter: Board of Directors, January 2004 December 2012. Technology Chair, October 2006 December 2012; Presidents Award Chair, 2008 December 2012. Regional Representative, 2009 - 2010.

APPRAISAL EXPERIENCE
Snowdon Valuation Robert Cohn Assoc/CBRE-Albany L.B. Berdan & Co., Inc. New York Department of State New York State Supreme Court Hudson Valley Appraisal Principal Appraiser Director, Valuation Services Appraiser Regional Advisor Hearing Officer Appraiser January 1996 Present March 1994 November 2011 March 1994 - March 2004 October 2008 - Present September 1997 October 2007 August 1992 March 1994

EDUCATION
B.A. Education, William Paterson College of New Jersey, Wayne, NJ Graduate Certificate in Public Management, Rockefeller College, State University of New York, Albany, NY

PUBLICATION/INSTRUCTION
Course Developer/Presenter, The Appraisal Spreadsheet: Boot Camp (8-hour), Appraisal Institute, (2009). Course Developer/Presenter, The Appraisal Spreadsheet: Boot Camp (4-hour), NAIFA (National Conference 2010), ASA (International Conference 2011). Course Developer/Presenter, The Appraisal Spreadsheet: Regression Analysis, NAIFA (4-hr. National Conference 2011, 7hr. 2012). Seminar Developer/Presenter, Case Studies: Appraisal Fraud, ASA (International Conference 2012) Seminar Developer/Presenter, The Valuation of a View, American Society of Appraisers (2009). Contributing Editor, Dictionary of Real Estate Appraisal, Fourth Edition (2002), Chicago, IL, Appraisal Institute. Author, Select the Right Appraisal Product, New York State Real Estate Journal, (2002). Website, The Snowdon Report (www.theSnowdonReport.com & www.SnowdonValuation.com). Twitter Updates, (www.twitter.com/garysnowdon), commercial real estate sales.

APPRAISAL COURSES
Real Estate Appraisal Principles, Course 1A1, Appraisal Institute, August 1992 Basic Valuation Procedures, Course 1A2, Appraisal Institute, August 1992 Basic Income Capitalization, Course I310, Appraisal Institute, March 1996 Advanced Income Capitalization, Course II510, Appraisal Institute, November 1996 Report Writing and Valuation Analysis, Course II540, Appraisal Institute, August 1998 Standards of Professional Practice, Part A, Course I410, Appraisal Institute, September 1993 Standards of Professional Practice, Part B, Course II420, Appraisal Institute, September 1993 Standards of Professional Practice, Part C, Course II430, Appraisal Institute, September 1998 National USPAP Course (15-hour), The Appraisal Foundation, October 1993, March 2005 National USPAP Course (7-hour), The Appraisal Foundation, 2005, 2006, 2008, 2010, 2012 Business Practices and Ethics, Course OL-420N, Appraisal Institute, December 2009 USPAP Update 2003 - Standards and Ethics for Professionals, Course I400N, Appraisal Institute, September 2003 USPAP Update for Instructors and Regulators, The Appraisal Foundation, March 2000 Condemnation Appraising: Basic Principals & Applications, Course SE710, Appraisal Institute, October 2003 Condemnation Appraising: Advanced Topics & Applications, Course SE720, Appraisal Institute, October 2003 Salespersons 45-hour Qualifying Course, Albany Center for Real Estate Education, March 1992 Residential Appraisal I, Albany Center for Real Estate Education, March 1992 Residential Appraisal II, Albany Center for Real Estate Education, April 1992 Residential Appraisal III, Albany Center for Real Estate Education, April 1992 Ethics and Standards, Albany Center for Real Estate Education, April 1992 General Appraisal I, Albany Center for Real Estate Education, October 1994 General Appraisal II, Albany Center for Real Estate Education, November 1994 General Appraisal III, Albany Center for Real Estate Education, December 1994 Uniform Standards for Federal Land Acquisitions (Yellow Book), Appraisal Institute, April 2007 Valuation of Conservation Easements, AI, ASA, ASFMRA, Land Trust Alliance, May 2008

APPRAISAL SEMINARS
Performing a Construction Inspection, Albany Center for Real Estate Education, February 1996 Property Value Studies in Relation to Community Residences, Appraisal Institute, September 1997 The Appraisers Role in Valuation Litigation, Appraisal Institute, October 1999 Regional Growth Patterns of New York States Capital District, Appraisal Institute, February 2000 Reviewing the Condemners Offer In An Eminent Domain Case, Appraisal Institute, May 2000 A Practical Understanding of Wetlands for the Real Estate Appraiser, Appraisal Institute, September 2001 Privacy Issues of the Gramm-Leach-Bliely Act of 1999, Appraisal Institute, October 2001 Case Studies in the Valuation of Upstate NY, Appraisal Institute, June 2002, 2003, 2004, 2005, 2006, 2008, 2009, 2010, 2011 Scope of Work, Appraisal Institute, January 2003 Solving Appraisal Problems in Upstate New York - A Practical Approach, Appraisal Institute, January 2004 Partial Interest Valuation - Divided, Appraisal Institute, June 2000 The Appraiser as Expert Witness, McKissock, Inc., November 2002 Real Estate Damages: Assessment & Testimony, McKissock, Inc., November 2002 Appraisal Consulting- A Solutions Approach for Professionals, Appraisal Institute, April 2005 Appraising Environmentally Contaminated Properties, Appraisal Institute, October 2005 Market Analysis and the Site To Do Business, Appraisal Institute, April 2006 Feasibility Analysis, Market Value, and Investment Timing, Appraisal Institute, October 2006 Condominiums, Co-Ops, and PUDS, Appraisal Institute, April 2007 Liability Management, Appraisal Institute, October 2007 Forecasting Revenue, Appraisal Institute, January 2008 Valuation of Religious Facilities, Appraisal Institute, October 2008 Diminution of Value, ASA, July 2010 Auditable Appraisals, ASA, July 2010 Income Approach Review, ASA, August 2011 Sustainable Construction, ASA, August 2011 Forensic Appraisal Review, NAIFA, August 2011

PROPERTY TYPES APPRAISED

Adult Care Facilities Apartments Armories Auto Salvage Yards Bank Branches Bowling Alleys Car Dealerships Churches Conservation Land Conservation Easements Donations of Real Property Dormitories Eminent Domain Estate Appraisal Expert Testimony/Litigation Support Feasibility Studies Flex Buildings Funeral Homes Gas Stations/Convenience Stores Golf Courses Health Care Facilities Historic Communities (National Register) Hotels, Motels, Inns, and B&Bs Hospitals Industrial/Business/Tech Parks Institutional Properties Land Leases Market Analysis Marinas Medical Office Buildings Military Bases Miniature Golf Courses Mixed-Use Properties Mobile Home Parks Nursing Homes & Assisted Living Facilities Office Buildings Outpatient Surgical Facilities Parking Garages Rent Studies Resorts Restaurants Retail Buildings and Strip-Malls Professional/Medical Buildings Schools- Public, Private, and Charter Subdivisions Vacant Land Value Impact Studies Veterinary Hospitals Viewshed Easements Warehouses and Industrial Buildings Wetlands Mitigation ...and other existing and proposed properties.

MAJOR CLIENTS
Albany International Airport Albany Medical Center Boys and Girls Club of Albany Brighter Choice Canadian Pacific Railroad Capital Bank Central National Bank Center for the Disabled Charter One Chrysler Corporation City of Albany County of Albany Cohoes Savings Bank Evergreen Bank First National Bank of Downsville First Union Fleet Bank General Electric Glens Falls National Bank & Trust Greene County IDA Hannaford HDR Interbay Funding KeyBank Low Income Investment Fund National Bank and Trust of Norwich Nissan N.Y.S. Dept of Environmental Conservation N.Y.S. Department of Parks and Recreation N.Y.S. Department of Transportation N.Y.S. Thruway, Canal Commission N.Y.S. OMRDD Northeast Health OnBank and Trust Co. Open Space Institute Pepsi Bottling Group Poughkeepsie Savings Bank Pregis Corporation Professional Insurance Agents Assoc. Recoll Management Corporation Salvation Army Saratoga PLAN Sawyer Savings Bank Scenic Hudson Silverhill Financial TD Banknorth The Trust for Public Land The Nature Conservancy Town of Clifton Park Town of Guilderland Town of Stratford TrustCo Bank U.S. General Services Administration Wilber National Bank ...and private clients, attorneys, and others.