Shelli A. Holmes
CURRICULUM VITAE
Hemet High School – Graduated W/Honors
University of California, San Diego (UCSD)
Undergraduate Studies
Brigham Young University (BYU)
Bachelor's Degree (BA) - Industrial Design
Post Graduate Education (Exam/Testing Courses):
Appraisal Institute (AI):
Real Estate Appraisal Principles (1A-1)
Appraisal and Valuation Procedures (1A-2)
Standards of Professional Appraisal Practice
Capitalization Theory & Techniques (A & B)
Case Studies in Real Estate Valuation (2-1)
Valuation Analysis and Report Writing (2-2)
International Right-of-way Association (IRWA):
Appraisal of Partial Acquisitions (Course 401)
Skills of Expert Testimony
Easement Valuation (Course 403)
Mt. San Jacinto Community College
Property Management
University of California, Riverside (UCR):
Survey of Land Development Procedures
Economic Development Management
Geographic Information Systems
Retail Site Analysis Using GIS
Continuing Education & Professional Seminars:
Litigation & Fractional Interests (AI)
Interpretation of Engineering Drawings (AI)
Easement Valuation (AI)
Shopping Center Analysis (AI)
GIS & LIS Applications (URISA)
Subdivision Analysis (AI)
Persuasive Style in Narrative Appraisals (AI)
DCF Analysis in the Home Building Industry (AI)
Valuation & Right-of-way Conference (IRWA)
Also a Guest Speaker
OREA and Valuations (AI)
Summary, Restricted & Evaluation Appraisals (AI)
California OREA Licensing Law & FIRREA (AI)
Shopping Center & Retail Trends (AI)
Automated Valuation Models (AI)
Southern California Market Trends (AI)
Also was a Guest Speaker
The Internet & Useful Web Sites for Appraisers (AI)
Also was Guest Speaker
Hazardous Materials (RIVCO Fire & CDF)
Multi-species Habitat Corridor Impacts on Market Value (AI)
Inland Empire Market Trends (AI) - 2004
AFFILIATIONS & MEMBERSHIPS
State of California:
Certified General Real Estate Appraiser (#AG006343)
Licensed Real Estate Sales Person (Inactive Status)
Licensed Contractor (C-27 Inactive Status)
Appraisal Institute:
Associate Member (MAI Candidate #M84-0619)
Past Research Committee Chairman
International Right-of-way Association: Member
The American Society of Farm Managers and Rural Appraisers: Member
American College of Forensic Examinters Institute: Member
Current/Recent Affiliations & Activities:
City of Hemet - Economic Development Commissioner (Past)
City of Hemet - Park Commissioner (Current)
Mt. San Jacinto Community College - Associate Faculty (Real Estate Appraisal Instructor)
Riverside County - Regional EDA Representative (Past)
Riverside County - Mid-County Mental Health Board of Directors (Past)
Valley Economic Development Corporation - Chariman and Board Member (Past)
Contributing Editor - Real Estate Appraisal, ã 2001 by Huber & Pivar
PROFESSIONAL BACKGROUND & ACTIVITY
1992 to Present: President and founding officer of TIERRA WEST Appraisal & Land Use Dynamics, Inc. TIERRA WEST's corporate office is located in Hemet, California, provides real estate related appraisal and consulting services for most all types of real property to both the private and public sectors. Primary services include: real estate appraisals (narrative & form-type); real estate appraisal reviews (residential, multi-family and commercial); market studies & project feasibility analyses; expert witness & court testimony; economic & land use/demographic studies; site selection analyses, etc. throughout Southern California
1982 to 1992: Founding principal/owner of TIERRA WEST, Real Estate Appraisers & Consultants with main offices in Hemet and Palm Springs, California. TIERRA WEST provided real estate related appraisal and consulting services for most all types of real property to both the private and public sectors. Primary services included real estate appraisals (commercial, industrial, single & multi-family, acreage/subdivisions, etc.), market studies, project feasibility, highest and best use analysis, market data research and statistical analysis, expert witness testimony, appraisal review, etc. throughout Southern California
1982 to 1993: Founding principal/partner of TIERRA WEST Commercial Real Estate & Development Services of Hemet, California. Performed marketing and sales of investment grade properties including commercial, industrial and residential land along with leasing and property management services throughout the Inland Empire
1977 to 1982: Real estate appraiser and consultant with MAI member/firm in Salt Lake City, Utah. Assignments included appraisal and consulting services for numerous commercial/retail, office, industrial, special use & multi-family properties in southwestern USA
1977 to 1981: Project Manager for a privately held real estate development and property management company located in Salt Lake City, Utah. Primary responsibilities included management and implementation of real property acquisitions, zone changes, securing of entitlements and governmental approvals, land use planning, and oversee on-site improvements and off-site infrastructure installation. Property type, by land use, included residential subdivisions, planned unit developments, multi-family and commercial projects. Additional activities included preparation of market research studies, land use analysis and management of property database throughout mostly north-central Utah
Guest Speaker: Mr. Shumway has been engaged as a guest speaker by various professional organizations and community groups for presentations and seminars hosted by the following:
The Appraisal Institute: Internet Seminar (1996 - Commerce, CA); Southern California Market Trends (1998 - Ontario Convention Center, Ontario, CA); and The Internet & Useful Web Sites for Appraisers (1998 - Disney Land Hotel, Anaheim, CA);
International Right-of-way Association: Valuation & Right-of-way Conference (1997 - California State Polytechnic University, Pomona, CA); and
Other Engagements: Guest speaker at various economic development symposiums hosted by the Valley Economic Development Corporation (VEDC) along with various community groups and organizations.
Data Base & Clearing House: During the eminent domain phase of Metropolitan Water District’s $2.2 billion East Side Reservoir project south of Hemet, CA, our firm was engaged for research and support clearing house services which included compilation of sales and listings, zoning and general plan data, land use and development standards, general plan, demographics, infrastructure, soils and geo-technical data, FEMA zones, biological habitats, entitlements and other pertinent information. This data was utilized by numerous appraisers and consultants from both the private and public sectors.
EXPERT WITNESS TESTIMONY
Expert witness testimony has been provided in both State and Federal Courts including Superior and bankruptcy Courts for a variety of clients. Expert witness testimony and representation has been performed in behalf of both plaintiffs and defendants within both the private and public sectors relative to eminent domain, dissolution of interests, specific non-performance, disclosure issues, fraud, bankruptcy & other litigation matters. Expert witness services have also been rendered for clients relative to property tax appeals. References available upon request.
GEOGRAPHIC SERVICE AREAS
The majority of our current appraisal and consulting services are performed within a 5-county area of Southern CA. While our primary service areas include Riverside and San Bernardino Counties, we regularly provide services within Orange, Los Angeles and San Diego Counties as well. The unique geographic "hub" location of our corporate office in Hemet, allows us convenient access to the wide geographic area of Southern CA. While valuation and consulting assignments have also been performed throughout the Western United States in such states as Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon, Texas, Utah & Washington, "Certified" real estate appraisal services are currently offered only within the State of CA.
REAL PROPERTY REPORT USES
Real property appraisal reports and related services have been utilized by clients for such purposes as mortgage financing, purchase, sale, estates and estate planning, trusts, division of interests, foreclosures, income tax and IRS consequences, inheritance, divorce, eminent domain, right-of-ways and condemnation (full and partial acquisitions along with temporary construction easements), development funding, legal issues, tax appeal, development feasibility, investment decisions and internal rate of return analysis, bond financing, habitat mitigation, etc. Appraisal review services have been used primarily for loan underwriting, quality control and risk management purposes.
TYPES OF REAL PROPERTY APPRAISED
VACANT ACREAGE: Inland valley, desert, mountain, beach front, farm land, orchards, ranches, state and federal lands including national parks, potential habitat areas for endangered species, reservoir acquisition, and acreage for virtually most all types of commercial, industrial, residential and special use properties.
RETAIL/COMMERCIAL PROPERTIES: Single and multi-tenant general commercial and retail buildings, neighborhood and regional shopping centers, strip retail centers, power centers, mixed-use facilities, malls etc.
PROFESSIONAL OFFICE: Single and multi-tenant general offices, medical buildings, office condominiums (typically low and mid-rise office facilities).
INDUSTRIAL & MANUFACTURING: General and specific use single and multi-tenant industrial buildings, warehouses, factories, research and development parks, manufacturing centers, mini-storage etc.
RESIDENTIAL: Single and multi-family residential units, apartment complexes, condominiums, condo conversions, planned unit developments and specific plans. Appraisals have been prepared for various tracts from the pre-entitlement phase through build-out and sale of completed product.
SPECIAL USE PROPERTIES: This category would include such properties as golf courses, tennis and racquetball facilities, resorts, boat slips, radio stations, movie theaters, nursing and convalescent hospitals, alzheimer and assisted living facilities, ambulatory surgical centers, equestrian centers, RV and mobile home parks, mortuaries, churches, automotive repair centers, service stations, full-service car washes, food processing plants, financial institutions, restaurants, hotels, motels, private and public schools, government and public use buildings, environmentally sensitive properties with habitats for rare, threatened or endangered species, properties with cultural resources (pictographs, petroglyphs, shaman caves, milling stations, etc.).
PARTIAL LIST OF SELECTED CLIENTELE
LAW FIRMS & ATTORNEYS: Andersen, Goldberg & Waldron; Arias & Ozzello; Barton, Klugman & Oetting; Best, Best & Krieger; Holzka, Donahue & Nerlino; Latham & Watkins; Levinson, Miller, Jacobs & Phillips; Markman, Arcyznski, Hanson & King; McPeters, McAlearney, Shimoff & Hatt; Redwine and Sherrill; Sachse, James & Lopardo; Swan, Carpenter & Wallis; Thompson & Colgate; Thomas, Luebs & Mort; Wilson, Evan & Silver
PUBLIC SECTOR, NON-PROFIT & GOVERNMENTAL: California State Department of Transportation (CalTrans), City of Hemet, City of Palm Springs, City of Perris Redevelopment Agency, City of San Jacinto, Hemet Unified School District, Los Angeles Police Department, Federal Deposit Insurance Corp. (FDIC), Federal Home Loan Mortgage Corp. (FHLMC), Perris School District, Resolution Trust Corp. (RTC), Riverside County, Riverside City Redevelopment Agency, Riverside County Flood Control & Water Conservation District, Romoland School District, San Jacinto Unified School District, United States Department of the Interior, United States Small Business Administration (SBA), Valley Wide Parks & Recreation District
UTILITIES & MUNICIPALITIES: Eastern Municipal Water District, Lake Hemet Municipal Water District, Metropolitan Water District, Southern California Edison, Union Pacific & Santa Fe Railroad
BANKS, SAVING & LOANS: Adobe Savings Bank, American Savings Bank, Bank of America, Bank of California, Bank of Hemet, Bank of Palm Springs, Bank of San Francisco, Bank of the West, Business Bank of California, California Federal Savings, California State Bank, Citicorp Savings, City Federal Savings Bank, Coast Savings Bank, Chase Manhattan Bank, Downey Savings & Loan, El Dorado Bank, Executive Savings, First National Bank, First Nationwide Bank, First Union Bank, Frontier Bank, Glendale Federal Savings, Great American Bank, Habib Bank, Home Federal Savings, Independence Savings, Inland Empire National Bank, La Jolla Savings Bank, Nations Bank, North America Savings, Omni Bank, OnBank, Pacific Coast Savings, Pacific National Bank, Palm Springs Sanwa Bank, Pan American Bank, Savings Bank, Provident Federal Savings, Temecula Valley Bank, Scripps Bank, Secure Savings, Southwest Bank, State Savings, Surety Federal Savings, Tokai Bank of California, Union Bank, United California Savings Bank, Universal Bank, Valley Bank, Valley Independent Bank, Wells Fargo Bank, Western Financial Savings Bank
MORTGAGE, FINANCE & RELOCATION COMPANIES: American Mortgage Express, Corp., Arca Financial, AVCO Financial, BancPlus Mortgage Corporation, BannCor Mortgage, Bancsmiths Mortgage Corporation, Boatman's Relocation, Cal Fed Mortgage, Comerica Mortgage Corporation, Commonwealth Capital Mortgage, Cendant Mobility, Countrywide Funding, Courtesy Funding, Entree Mortgage, Fleet Mortgage, First Federal Mortgage, First Reliance of America, Glen-Fed Mortgage, Golden Pacific Mortgage, Granite Mortgage Center, Headlands Mortgage Company, HomeComings Financial Network, Irwin Mortgage Corp., Legend Financial Group, Inc., Mical Mortgage, Inc., Mid-America Financial Services, National Home Mortgage, NationsBanc Mortgage, New West Mortgage, North American Financial, PCV Murcor, Pioneer Home Funding, Priority Financial, Riverside Thrift & Loan, Temple Inland Mortgage, Trader's Mortgage, Tustin Thrift & Loan, Western Cities Mortgage
PRIVATE SECTOR & CORPORATE: AMCAST Aerospace Products, Boston Safe Deposit & Trust Co., Cal Gas Corporation, Chicago Title Insurance Co., Coldwell Banker, Deloitte & Touche, E.F. Hutton, Farmers Insurance Group, Founders Title Group, Goodyear Corporation, Hemet Valley Hospital Foundation, Hope Trust Deed Company, Hughes Aircraft Corporation, Lockheed Corporation, Marshall Miller & Schroeder Investments, Corp., Merrill Lynch, Metro Theaters, Pepperdine University, Precision Aerotech, Inc., ROHR, Inc., Spartan Oil Corporation, Taco Bell, University of Redlands
APPRAISAL REVIEW: Appraisal review services have included both technical and field reviews that have been prepared for a variety of clientele including but not limited to: Bank of Hemet; Omni Bank; Premier Commercial Bank; Wells Fargo Bank; U.S. Small Business Administration; New Century Mortgage; Hansen Loan Quality; FNIS-Appraisal Enhancement Services; BNC Mortgage, Inc.; Lender’s Service, Inc.; CS Funding Group; TransUnion Settlement Solutions; US Property & Appraisal Services, Inc.; eAppraiseIT, LLC; Downey Savings; Marder & Associates, Inc.; RealLink and others. The Appraisal reviews have included use of the standardized FNMA 2000 review form along with narrative formats developed by Tierra West. The appraisal reviews typically address USPAP and FIRREA compliance, accuracy and reasonableness along with general competency and other criteria specifically requested by the client.
HUD/FHA: Presently on approved panel/roster as fee appraiser for all types/values of single and multi-family residential properties throughout the State of California.