THOMAS P. MORLAN, III, MAI, SRA, SREA

REAL ESTATE CONSULTANT

 

BUSINESS AFFILIATIONS

Director – R. E. Research Associates

 

DESIGNATIONS LICENSES, & CERTIFICATIONS

Certified General Appraiser   -   State of Indiana (CG69100383)

Licensed Real Estate Broker ‑  State of Indiana  (REB1218535)

                                                     ‑  State of Illinois (75‑67805)

 

APPRAISAL INSTITUTE (MAI) - Currently Certified

                  SREA (Senior Real Estate Analyst)

                Society of Real Estate Appraisers

                 SRA (Senior Residential Appraiser)

                 Society of Real Estate Appraisers (designated 1975

 

APPRAISER CERTIFICATION: FEDERAL AND STATE

                  -Certified General Appraiser - Indiana (See above)

                  -Approved Instructor - Appraiser's License Program

                                   RECP (The Real Estate Certification Program)

                                   Education Resources, Inc

.

ASSESSOR CERTIFICATION

                  -State Certified Real Estate Assessor - Indiana (Level Two - all property types)

 

CHARTERED REALTY INVESTOR SOCIETY

                  -CRI (Charter Holder)

                  - Member Executive Committee & Board of Governors

                  -Co-Chair – Practice Survey Committee

 

EDUCATION

                  Purdue University,

               Krannert School of Business

                               West Lafayette, Indiana

                               1964‑1969

                               B.S. (Economics)

              Advanced Studies in Marketing

 

CONTINUING EDUCATION

Appraisal Institute: USPAP - Course C Indianapolis, In 12/00;  Litigation Appraisal Seminar

Chicago, Il 12/99; and The Limited Appraisal Chicago, IL 8/94. Additionally numerous seminars.

 

Society of Real Estate Appraisers: An Introduction to Appraising Real Property (University of Alabama); Principles of Income Property Appraising   (Purdue University);  Special Applications of Appraisal Analysis, Course 301 (Purdue University); Market Analysis, Course 302A (University of Texas); Investment and Feasibility Analysis, Course 302B (University of Texas) 

 

American Institute of Real Estate Appraisers: Residential Property (Course 8) Indiana University. 

 

Institute of Real Estate Management: Practical Methods of Successful Property Management; and  Analysis and Management of Investment Property.

 

Mortgage Bankers Association of America: Income Property Case Study Seminar (Georgia State University); and Advanced Case Study Seminar on Income Property (Michigan State University).

 

Accredited  Buyer’s Representative (ABR)  Program - 10/98

 

Numerous Multi-discipline Seminars and Workshops locally and nationally and over 500 hours of continuing education and re-certification education.

 

PROFESSIONAL ASSOCIATION ACTIVITIES

 

Appraisal Institute (AI) national activities: Currently member Government Relations Committee (Elected Regional Rep) three each three year terms.  Past national activities include: member Board of Directors; member Founding Board of Directors; Government Relations Committee Chairman; Member national Executive Committee; and two terms Nominating Committee. Numerous committee and Special Task Force assignments. Hoosier State Chapter: Past Chairman Admissions: General Experience (MAI) Committee, Hoosier State Chapter. Past instructor courses & seminars.

 

Society of Real Estate Appraisers (now AI above) national activities: Past Governor ‑ International District 24 (Indiana, Ohio, Kentucky, and West Virginia); Past Vice Governor ‑ District 24 ‑ six terms (1982 ‑ 1987), and member of the last Board of Directors (unified with the American Institute into the Appraisal Institute). Numerous and widely varied national committee and sub-committee positions over 12 years. Central Indiana Chapter:  Past Chapter President Chapter V Indianapolis (1985‑86); Director (two, 3 year terms) and numerous committee chairmanships.

 

Previous professional activities: Mortgage Bankers Association, Institute of Real Estate Management, National Association Realtors, U.S. Savings & Loan League, and other professional associations.

 

 

BUSINESS EXPERIENCE:

 

Contracting and Construction Management - experience includes contract management, material, and purchasing. Small business and for national fortune 500 company.  1st hand experience in construction, remodeling, and renovation.  Third generation in the construction and real estate industry.

 

Real Estate Management - experience includes owner, owner representative, and third party services. Assistant Vice President and manager of portfolio real estate that included shopping centers, apartments,  farms, and scattered holdings of corporate real estate. Assistant Director Office Building Management for a large real estate third party services company.  Hi‑rise Office Building Management including tallest building in the state at the time.

 

Real Estate Finance - operated as Vice President, Loan Officer, and Department Head for large national mortgage banking company. Production, budget and management responsibility. Other positions included Chief Underwriter and Chief Appraiser, (construction and end loan production).  Division Head for Large Project Financing:  Condos, PUD, Subdivisions, New Towns, etc. (in most of the growth areas of continental United States). Approved FNMA Project Underwriter and mortgage loan underwriter in all FNMA regions.  Accepted FNMA III Appraiser. Specialty skills in Underwriting, and  Risk Analysis.  Active nationally in problem loans and workouts.

 

Real Estate Consulting and Appraising - Principle, operating for over last 25 years as a third party real estate services company. Expert Witness services include Court Testimony, Tax Assessment Appeals, Condemnation & Eminent Domain and Zoning Appeals. Specialty analyst services include Market Studies, Feasibility Studies, and other Advisory Real Estate Services. Qualified Expert Witness: Circuit, Superior, and District Courts.  Personal specialization commercial and income property types.  Heavy involvement in Student Campus Housing Markets.

 

Consulting services in area of conduit and institutional real estate finance.   Strong expertise in large residential oriented complexes. Specialty services in the Student Campus Housing area.   Low income & tax credit housing,  elderly  housing, retirement housing,  and  physically  & mentally  challenged  housing are areas of additional specialty (detached, attached, semi-attached, and multi-family).  

 

SPECIALTY SERVICES:

Mortgage consulting, financing consulting  and packaging services in all specialty service areas.

Real Estate Brokerage services in the area of buyer representation (Indiana & Illinois).

National Student Housing issues (financing, developing, construction and management).

Property Tax Appeals (Indiana)

 

Appraisal Licensing Liaison/Lobbying:

Active in FIRREA legislative effort that resulted in the Appraisal Foundation & State Appraiser Certification  & Licensing. Active in the state efforts to obtain Licensing Laws in numerous states.  Over 25 years of capital hill and agency experience.

 

Awards:

1991 - Edward L. White Award (Society Central Indiana Chapter V) - For Meritorious Contribution to the Appraisal Profession and Education.

 

1989 - Kentucky Colonel (Governor Kentucky) - For contributions to the Appraiser's Legislative efforts in Kentucky.

 

PUBLICATIONS:

"Instruments and Procedures for Evaluating and Assessing the Status of Vocational Education Facilities in Indiana"; Volume I and II; Prepared by:             

 

 Dr. Norbert J. Nelson, Project Co‑Director

 Mr. Thomas P. Morlan, Project Co‑Director

 Dr. Richard E. Munsterman, Principal Investigator

 

Prepared July, 1978.  Prepared for the Indiana State Advisory Council for Vocational Education (403 Pages).

 

Consultant to Industry and Speaker in Following Specialty Areas:

  Specialty Easements (Utilities, Pipelines, Corridors, etc.,,), Special Use Rights, and Partial Interests

  Campus & Student Housing issues

  Appraisal Regulation and Legislation (State and Federal)

  Resort and Retirement Real Estate

  Condominiums, Planned Unit Developments and New Towns

  Appraisal Review, Mortgage Loan Underwriting Programs and Risk Control issues

  Bankruptcy, Foreclosure, Workouts and Distressed Real Estate

 

 

R. E. Research Associates

300 Main Street, Suite 301

Lafayette, Indiana 47901

(Mail to: P. O. Box 185, Lafayette, In 47902)

(465) 743-4359

e-mail: tpm3mai@aol.com

 

Consultants, Researchers and Analysts of real estate. A general practice, third party real estate services firm. Over 25 years of service across Indiana.  Services in consulting, appraisal, buyer representation, tax appeals, financing placement/packaging, and other specialty services.

 

 

 

 

Business and Professional Affiliations with:

 

Indiana Valuation Network, Inc.

Indianapolis Office:

9247 N. Meridian Street

Suite 118

Indianapolis, In. 46260

 

A Partnership network of like minded and quality focused  real estate appraisers providing Appraisal & Consulting Services to Indiana and the Midwest.    Strategists in “Public Takings” appraisals & consulting

 

Forrestal Group, Inc.

 

 A SPP(Specialty Service Provider) on Environmental Issues: advisory, valuation, inspections, engineering and legal

 

Indiana Multi-family Property Tax Advisory Group, LLC

Offices:     Indianapolis - Nick Tillema, MAI, SRA, JD

     Ft. Wayne - Jack Fiene, MAI, IFAC, SRA

     Lafayette - Tom Morlan, MAI, SRA, SREA, CRI

     Evansville - Gene Stuard, ASA, CCIM, IFAS

 

 

Mission Statement: Provide superior professional real estate property tax services to the multi-family housing industry while maintaining and promoting the highest ethical standards. Create and maintain long-term Client relationships via exceptional communications, focused analysis, and professional respect for property tax system in Indiana.  Over 100 years experience in valuation and property tax issues.