Commercial real estate valuation and consulting services, nationwide.

1. Kevin J. McRoberts, MAI, ASA
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Professional Resume KEVIN J. McROBERTS, MAI, ASA
COMMERCIAL REAL ESTATE SERVICES
■ Valuation Appraisal & Consulting Services
■ Appraisal Review & Risk Management
■ Property Development Services
■ Litigation Support & Expert W.
MCRE.US ADVISORY SERVICES
5024 Willow Drive, Ste.100
Des Moines,IA 50327 USA
T: 515.264.8400
E: kjm@mcre.us
www.mcre.us
Experience Matters: Valuation, analysis, appraisal review, regulatory compliance, litigation support, and
consulting services for numerous functions and most property types, across the U.S. Managing Director
in private practice providing appraisal and review services, together with other consulting assistance for
properties in all market sectors of commercial, industrial, multi-family, office, retail, hospitality, special-
use, agricultural, recreational, and development lands nationwide.
For over 40 years, providing a broad scope of commercial real estate experience and expertise in
national valuation and appraisal review services, with a specialty in consulting issues for complex matters
which include litigation support, as an advisor and qualified expert witness, in numerous jurisdictions; with
major landmark case decisions in the Iowa Supreme Court. In addition, various services include
development consulting, providing site selection, acquisitions and transaction management, planning and
permitting, construction management services, lease analysis, and property dispositions.
Professional Highlights:
 Certified General Real Property Appraiser; presently licensed in numerous States.
 MAI, Member of The Appraisal Institute.
 ASA, Accredited Senior Appraiser, of the American Society of Appraisers.
 National Valuation Services and Commercial Property Appraisals in 24 States, to date.
 Appraisal Review and Risk Management services for property appraisal reports from 43 States.
 RIMS Specialist Manager; Vendor Databases, RFPs, Bids, Review & Reporting regs.
 Contract Appraiser fee panel Manager, and Chair of Bank Review Panel.
 Federal Regulatory Compliance in commercial mortgage-lending, OCC, FIRREA & USPAP.
 Management and support of other appraisers, staff, and special projects with Sr. Mgt. as required.
 Qualified Expert Witness in various District and Federal Courts & IA Supreme Ct.
 Environmental Contamination valuation analysis in Property Damage litigation.
 Eminent Domain Law, Condemnation Procedure & Compensation Analysis.
 Ad Valorem and related specialty litigation issues in various courts.
 Contract Law & Analysis. Purchase Agreements, Easements, Leases, & Legal Documents.
 Real Estate Law in Property Rights, Land Use Management; Fractional Interests.
 Landmark Case Law has resulted from Testimony and Reports admitted in the IA Supreme Court.
 Subdivision Planning, Proposals & Reporting, Land Plat Reviews, Permits & City Approvals.
 Land Development Mgmt., Site Selection, Acquisitions, Platting, ReZoning, Site Planning.
 Due Diligence, Research, Market & Feasibility Studies, Comparative Project Analysis.
 Transaction Management Consulting Services in Acquisitions, Leasing, & Dispositions.
 Licensed Commercial Real Estate Broker. State of IA (Inactive license status)
 Investment Real Estate Counseling, Financial ROI reporting & Forecasting Analysis.
 Construction Mgt., Build-to-Suit Development & Project Management Services.
 Cost Estimating, Project Evaluations, Market & Feasibility Studies.
 Quality Control of departmental process and overall office appraisal work product.
 Business development. Client service analytics and transaction structure analysis/implementation.
 Office Manager of private practice with 14 member staff, and in-Bank Review Department.
Serving Global Clients - Nationwide, Since 1976

2. Kevin J. McRoberts, MAI, ASA
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PROFESSIONAL EXPERIENCE:
President & Manager: MCRE.US Advisory Services, LLC. Des Moines, Iowa. National Commercial
Real Property Valuation and Advisory Services. Specializing in valuation appraisal reporting, appraisal
review, and related consulting services for various types of commercial property, on a national basis, and
for various functions. Local and regional work primarily involving litigation support, as a qualified expert
witness in the courts, including issues in valuation, financial analysis, governmental regulation, pre-
construction and post-acquisition property development services.
(2011 – Present)
Senior Appraisal Review Manager in CRE: First Horizon National Corporation. Memphis, TN.
FHNC, Credit Risk Management. FHNC is the holding company of First Tennessee Bank, N.A. with
national headquarters located in Memphis, TN. Senior Review Appraiser and Manager in Commercial
Real Estate - Appraisal Risk Management Department. In office and remote office locations. National
commercial real estate appraisal report reviews for all commercial lending units, all loan amounts, with a
focus over $1MM in loan transaction. Determined type of appraisal report required for each type and size
transaction, including applicable exemptions. Review of valuation analysis, contractual service terms, and
for compliance with USPAP and FIRREA federal lending regulation in appraisal reports submitted on all
types of commercial property including industrial, retail, office, multi-family, subdivisions, development
land, agricultural, recreational, and mixed-use projects on a national basis from all states. Reviews
completed for new and existing loans, renewals, participations, M&A, and new construction. Author and
publish appraisal RFPs and manage bid/award process, with review and accept or reject third party
appraisal reports for collateral valuation in support of loan amount and other criteria. All work and review
management functions completed within RIMS system. Assisted in the development of new appraisal
review report formats, with FIRREA supplemental guidelines for use of the bank and RIMS. Interacted
with all parties to the transactions including relationship managers and contract appraisers. Provided
valuation analysis and regulatory compliance review counseling and training to RM’s and support staff, in
order to operate efficiently and productively. Completed special projects with senior management and
assisted other appraisers, including residential staff with complex property issues. Chair, Commercial
Appraiser-Contractor Panel. Maintained approved-appraiser contractor database, and dealt with
appraiser relationships as required to maintain quality control (authoring bank policy of same) for
standard operations of best practices for the bank. Assisted in conversion to all-electronic record-keeping
system, utilizing RIMS.
(2006 - 2011)
President: McRoberts & Associates, LLC. Des Moines, Iowa. Nationwide Commercial Real Property
Advisory Services firm specializing in valuation reporting, appraisal review management including
valuation analysis and governmental regulation and compliance, litigation advisory and expert witness, as
well as property development services.
(1985 – 2006)
These services are further defined into contract review and analysis; property rights issues and valuation,
land use analysis, zoning issues; financial and investment analytics; site-selection and land development
services; financial investment analysis; appraisal and review in litigation advisory services as expert
witness, and several project transaction management services including acquisitions, leasing, and
property dispositions. The company is an independent, private, fee-based, professional consulting and
advisory services firm, operating as a limited liability corporation on a national basis. The firm opened in
1985, which grew to multiple offices with management of up to a 14 member staff of appraisers, brokers,
administrative, support assistants, and training of new personnel. Chief Appraiser for the firm, including
review of staff production and third party reports. Merged with a large residential firm in 1994, and in
1997 left to pursue other markets. Since original company formation, duties and responsibilities have
included production of valuation services, analysis in appraisal review and risk management; senior

3. Kevin J. McRoberts, MAI, ASA
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litigation consultant as expert witness; principal broker, pre-construction and property development
advisor and developer; office manager with quality control oversight of all departments in various
partnerships and corporate entities, including business development.
Development, Pre-Construction Services & Construction Management: Including various services
per project requirements, from individual consulting and specific services to complete property
development management; due diligence involving property inspection reports, market research and
feasibility studies; site selection process, acquisitions, property and buyer-seller negotiations; site platting,
planning and engineering, including municipal approval process, permitting, zoning and rezoning issues;
build-to-suit development and consulting, vendor management, construction cost estimating;
environmental reports, demolition issues; arranging financing, underwriting analysis, leasing, and other
marketing requirements; potential exit strategies, and property disposition management.
Valuation Services: Consulting, advisory, and national valuation services provided to a variety of clients
in the investment, financial, institutional, governmental, and private client sectors, concerning numerous
functions from financing and mortgage-loan use, to proposed construction, corporate matters,
evaluations and limited consulting assignments, and for various litigation issues in the courts. All property
types; with work in 24 States.
Appraisal Review Services: Independent third party review of market value property appraisals
prepared by others, for reporting purposes in commercial banking and mortgage-lending functions, for
analysis and federal regulatory compliance as per USPAP and FIRREA requirements. Complete
appraisal review services are also used for investment property studies, project evaluations, many
different litigation issues, estates, corporate asset analysis, economic feasibility reports, governmental
authorities, and various other property reporting functions. Appraisal review manager with in-bank work
environment departmental organization set-up, as well as remote office work experience and
telecommuting with appraisal managers nationwide.
Litigation Support Services: Advisory and qualified expert witness services, provided as consulting
assignments for testimony and reports admitted and accepted in several District and Federal Courts, in
several States, as well as U.S. Bankruptcy Court, and the Iowa Supreme Court. Subject matter consisting
of various legal issues in valuation and appraisal analysis as well as broad scope experience appearing in
court as expert witness in several jurisdictions, as well as research for applicable advisory services in
issues such as project development, analysis, and appraisal review or other document review and
contract analysis. Subject matter has consisted of various legal issues in valuation and appraisal analysis
as well as methodologies, techniques, various real estate concepts, and specialty subject matter.
Purpose and functions include issues in market value, eminent domain and inverse condemnation with
property damages, insurance claims, property rights analysis, easement issues, ad valorem, property
partitions, zoning changes, construction issues, and environmental issues. Testimony has involved over
200 cases, and has also resulted in landmark case law decisions in the Iowa Supreme Court concerning
environmental contamination and ad valorem issues, where the Court handed down decisions based on
exact valuation, estimate of damages, and methodologies. i.e. Before and after land valuation with LUST
contamination; where the after-value was a negative number. Methodology of tax rate analysis and utility
corridors - double taxation by the municipality. Highly publicized case with $40MM award.
Property: Existing property types and proposed construction projects, of various use, in all industry
sectors and all types of real property interests. Investment, multi-family residential, hospitality,
agricultural, industrial and special-purpose-use properties including marinas, golf courses, easements
and right-of-way, air-rights, as well as mineral and water rights. Development and appraisal services have
included retail net lease facilities, regional shopping centers, class A office properties, industrial buildings,
self-storage, business parks, subdivisions, and development lands for several different uses.

4. Kevin J. McRoberts, MAI, ASA
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Senior Broker Associate: CB Richard Ellis / Hubbell Commercial. Des Moines, Iowa. Commercial
Real Estate Broker Associate, as independent contractor, and Corporate Representative Agent for 50
property industrial, office, and retail portfolio. Identified and pursued new acquisitions and investment
opportunities, value added property analysis, assisted senior management and educated staff, such as
outlining development in tax credit projects. Sought and completed new build-to-suit property
developments with long term leasing and investment property services in various types of commercial real
estate. This included brokerage in acquisitions, leasing, dispositions, as well as project management in
various special real property consulting and counseling services. Involved with build-to-suit developments
and leasing in retail and office properties, representing the lessor in market transactions, as well as site
selection, and land acquisitions. Worked with issues in pre-construction engineering, space planning,
legal, contractor bids, and project-construction management through occupancy and final lease
negotiations. Involved with many types of commercial property including development land, retail uses,
hospitality facilities, multi-family housing, health care facilities, office use, and industrial properties.
Recipient of F.M. Hubbell Memorial Production Award each year. Out of the 30-agent office, appointed to
co-represent all corporate properties for the parent organization. Also represented other clients, including
the State of Iowa in research, lease, and acquisition projects. Selected by a nationally branded computer
company as Exclusive Agent for retail site selection, acquisitions, and developments throughout the
State.
(1997 - 2002)
Real Estate Counselor: Arthur J. Frahm & Associates, Inc. Des Moines, Iowa. Primarily involved
with the appraisal and consultation of all types of real property interests. Properties appraised consisted
of commercial and residential (detached, condominiums, and large high-rise multi-family apartment
projects), office, retail, shopping centers, industrial, warehouse, agricultural, subdivisions of various uses,
and special purpose properties. Management responsibilities regarding supervision and training of other
appraisers, and computer implementation.
(1979 - 1985)
Real Estate Broker Associate: Gray Real Estate Company. Ames, Iowa. Dealt with all aspects of
real estate marketing. Top producer of sales and listings at various times. Also completed various
property appraisals. (1976 - 1979)
PROFESSIONAL AFFILIATIONS:
Certified General Real Property Appraiser, license # CG01146 State of Iowa; and license # CG3001781
State of California. Certified MAI, #7640, Member of the Appraisal Institute; formerly the American
Institute of Real Estate Appraisers. Certified ASA, #1326, Accredited Senior Appraiser of the American
Society of Appraisers, tested in Real Property/Urban. Licensed Iowa Real Estate Broker #B05550
(license currently inactive). GRI, Graduate REALTOR Institute. Greater Des Moines Board of
REALTORS, 1980-2003. Iowa and National Association of REALTORS, 1976-2003. Industrial
Engineering Extension Advisory Committee, Iowa State University, 1986-1987. Real Estate Advisory
Board, Des Moines Area Community College, 1979-1986. Education Committee, Chapter 34, American
Institute of Real Estate Appraisers, 1984-1987. Commercial-Industrial Committee Member of the Iowa
Association of REALTORS, 1986-1989. Regional Professional Standards Panel Member of the American
Institute of Real Estate Appraisers, appointment through 1991. Board of Directors, Pleasant Hill
Development, Inc., 1999-2001. Listed in various Who's Who in Real Estate. National Register in Who’s
Who in Executives and Professionals, 2004-05. Listed appraiser in Elite-Experts. GLG Council Member.
SEAK National Directory of Experts, 2003.
COLLEGE EDUCATION:
Iowa State University, Ames, IA. Dept. of Industrial Engineering & Business Administration, 1978-80.

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Drake University, Des Moines, IA. GMAT 1984
Des Moines Area Community College Ankeny, IA. Dept. of Real Estate. 1976-78,
Graduate Management Admissions Test (GMAT). Qualified score for equivalency of full four-year college degree required by the
Appraisal Institute for the MAI designation. College Major: Real Estate. Dean’s List at ISU and DMACC. Engineering, Valuation
Real Estate, Finance, Real Estate Principles, Real Estate Law, Business Law, Advanced Real Estate Mathematics, Cost
Segregation, Insurance, Risk Management, Economics, Accounting, Statistics, Marketing, Drafting, Computer Science, Public
Administration, and Human Resource Management.
ADVANCED SPECIALIZED EDUCATION:
American Institute of Real Estate Appraisers, now The Appraisal Institute - Appraisal Principles, Methods,
and Techniques. Capitalization Theory and Techniques advanced levels I, II, and III. SFR Appraisal,
Appraisal Institute, Standards of Professional Practice and Code of Professional Ethics. USPAP, Uniform
Standards of Professional Appraisal Practice. Case Studies in Real Estate Valuation. Valuation Analysis
and Report Writing. MAI Comprehensive Examination. American Society of Appraisers, International
Ethics. Iowa Association of Realtors; GRI, Graduate Realtor Institute. Financial Analysis for Commercial
Real Estate, CIREI, Commercial Investment Real Estate Institute; Putting Together Group Investments,
CCIM Course. Real Estate Contracts & Cash Equivalency, Author & Instructor in Commercial Appraisal
courses for IAR, Iowa Association of Realtors. Real Estate Instructor Development Workshop-UNI.
Easement Valuation–IDOT. Commercial Banking, Regulatory Real Estate Law. Fair Housing Law. Land
Valuation and Soil Management-ARA. BOMA, Building Owners and Managers Association. Various
other real estate courses, and numerous related seminars.
PARTIAL LIST OF MAJOR CLIENTS: ( Past & Present )
Bankers Trust Company. I.D.B.I. of New York. Amoco Oil Co. Pepsi-Cola Co. Gateway Computer Co.
ESA Hotels. Conseco. Mortgage Capital, Inc. Mack-Cali. The Navajo Nation. Midland States Bank. DNR,
Department of Natural Resources. Central Life Assurance Co. Aetna Life and Casualty. Hajoca, Inc. Bank
of Omaha. West Bank. Cushman-Wakefield. CBRE, CB Richard Ellis. Bank Iowa. Cutty’s Resort.
Metropolitan Federal Savings Bank. City of Minneapolis, Minn. City of Atlanta, Ga. City of Des Moines, IA.
City of Ames, IA. Polk County Attorney. State of Iowa. IDOT, Iowa State Department of Transportation.
Polk County Conservation Board. Republic National Bank of Dallas. Central National Bank and Trust.
First Interstate Bank. Bank of Oklahoma. Brenton Bank. Iowa Public Broadcasting Network. Norfolk and
Western Railway Company. Rock Island Railroad. Chicago Pacific Corporation. U.S. Army Corps of
Engineers. 3-M Corporation. Massey Ferguson Inc. Namalco Minerals. American Invsco. Salvation Army.
Acco Industries. Executrans, Inc. Employee Transfer Corporation. Norwest Bank and Mortgage. Wells
Fargo Bank. Federal Security Savings. Brock Hotel Corp. Meredith Publishing. Midland Financial Savings
and Loan Association. IBP, Inc. Preferred Risk Insurance Co. Kansas City Corp. United States Postal
Service. EMC Insurance Co. Family Dollar. Golden Corral Corporation. Burger King Corp. GMAC
Commercial Mortgage Corp. Iowa Realty Company, Inc. Hubbell Realty Co. Knapp Properties. Ceco
Building Systems. First Bank Systems. FNMA, Federal National Mortgage Association. FHLMC, Federal
Home Loan Mortgage Corporation. FDIC, Federal Deposit Insurance Corporation. RTC, Resolution Trust
Corporation. O.C.C. HUD, United States Department of Housing and Urban Development. FHA, United
States Department of Agriculture, Farmers Home Administration. VA. Many national correspondent
lenders, various real estate firms, developers, law firm, and individuals. Serving all sectors of the market
including private client, financial, institutional, and governmental.
TEACHING EXPERIENCE / QUALIFICATIONS:
Past instructor and developer of appraisal seminars for the Iowa Association of REALTORS. Continuing
Education CEU Instructor for the Des Moines Public School System. Certified Seminar Instructor with the
Iowa Real Estate Commission. Previous appraisal seminar instructor for the Iowa Certified Assessors,
and various private educational companies within the industry. Guest lecturer at Iowa State University,

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Department of Industrial Engineering. Developed and instructed seminars titled Overview of Commercial
Appraisal, and Cash Equivalency of Real Estate Contract Financing; for the organizations outlined above.
PARTIAL LIST OF GEOGRAPHIC WORK EXPERIENCE:
National Valuation Assignments: 24 States. Alabama. Arkansas. Arizona. California. Colorado.
Florida. Georgia. Idaho. Illinois. Iowa. Maine. Minnesota. Missouri. Montana. Nebraska. New Mexico.
New York. North Dakota. Pennsylvania. South Dakota. Tennessee. Ohio. Utah. Wisconsin.
Appraisal Review: 43 States.
Expert Witness: 5 States. Qualified Expert Witness with testimony and consulting reports submitted
and accepted in several District and Federal Courts throughout the Midwest, as well as U.S. Bankruptcy
Court*, and the Iowa Supreme Court. Testimony also given in various pre-trial depositions and board of
review hearings. * Real & Personal Property
LICENSES and CERTIFICATIONS:
Disclosures: I am recertified as required by mandatory recertification as set out in the Constitution,
Bylaws, and Administration Rules of the American Society of Appraisers. Status: Active.
As of this date, I am presently in compliance with the requirements of the continuing
education program of the Appraisal Institute. Status: Active.
MAI, Member of The Appraisal Institute, # 7640. Active.
ASA, Accredited Senior Appraiser of the American Society of Appraisers, # 1340. Active
Certified General Real Property Appraiser.
License # CG01146 issued by the State of Iowa. Status: Inactive,.
License # CG3001781 issued by the State of California. Status: Active.
Iowa Real Estate Broker Lic.# B05550000; and Firm Lic.# F05077000. Presently Inactive
Applicable State Certified Appraisal License obtained in various States, as per project.
24 State licenses obtained for projects requiring temporary permit requirements.
Misc:
Computer use in many programs including, MS Office - Word, Outlook, Excel, Xceligent, RIMS, Access,
Argus, CoStar, Xceligent, various databases, custom spreadsheets, internet research, e-mail, many
specialty CRE software applications, and most hardware. Staff management of up to 14 employees in
multiple offices, special management projects, business development, property development, and real
estate database development.

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CONTACT INFORMATION:
Kevin J. McRoberts, MAI, ASA
T: 515.264.8400
E1: kjm@mcre.us
E2: kjmcre@gmail.com
www.mcre.us
www.linkedin.com/in/mcreus
www.realestateappraisalindesmoinesia.com
Corporate Office:
5024 Willow Drive, Suite 100
Des Moines, Iowa 50327 USA
Commercial Real Estate Consulting & Advisory Services
Serving Global Clients Nationwide
Mission Statement: “ The Commitment to Professionalism;
through knowledge, truth, understanding, and communication.
To get anything done - One must begin, and one must try
Things don’t just happen - People make things happen.
- do the right thing ”
MCRE.US ADVISORY SERVICES, LLC
Kevin J. McRoberts, MAI, ASA
President & Manager
515.264.8400
info@mcre.us