Professional Qualifications American Valuation
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PROFESSIONAL QUALIFICATIONS AMERICAN VALUATION GROUP, INC. PROFESSIONAL PROFILE MARK T. KENNEY, MAI, SRPA, MRICS PRESENT POSITION: Mr. Kenney is President and owner of the firm. His diverse experience includes national appraising of mega malls, super-regional and regional shopping malls, community and strip centers, department stores, discount department stores, “big box” stores, hotels, motels, resorts, apartment complexes, manufacturing facilities, warehouses, office buildings, banks, commercial and residential developments for acquisition, disposition, financing, syndication, ad valorem taxation and federal estate taxation. PROFESSIONAL EXPERIENCE: Prior to his current position, Mr. Kenney was a Principal in Equity Appraisal Co., Inc. from 1987-88. During 1984 to 1987, he was Vice President and part owner of Appraisal Affiliates, Inc., a firm specializing in valuation, finance, real estate taxation and shopping center valuation. Mr. Kenney had been a Senior Analyst with that firm from 1981 to 1984. EDUCATION: Mr. Kenney earned a Master of Business Administration (Concentration in Accounting) from La Salle University. He holds a Bachelor of Arts degree in Economics, Magna Cum Laude, from La Salle University (Concentration in Finance). He has attended numerous seminars on current real estate issues, including: “Appraiser Expert Depositions: A Guide For the Attorney and the Expert Witness” at the IAAO’s 40th Annual Legal Seminar in Phoenix, AZ (December 6, 2019) presented by William Shepherd, Esq., “Bulletproofing the Assessment Litigation Appraisal Report” at the IAAO’s 40th Annual Legal Seminar in Phoenix, AZ (December 6, 2019) presented by Peter F. Korpacz, MAI, CRE, FRICS, “When Accuracy is at Stake” at the IAAO’s 40th Annual Legal Seminar in Phoenix, AZ (December 6, 2019) presented by Robert Grimaldi, Esq., “Dark Stores, Dark Theories, and Dark Magic” at the International Association of Assessing Officers’s (IAAO) 85th Annual International Conference in Niagara Falls, Ontario, Canada (September 11, 2019) presented by Peter F. Korpacz, MAI, CRE, FRICS and Steven Laposa, Ph.D., FRICS, “Fee Simple - Setting the Record Straight” at the International Association of Assessing Officers’s (IAAO) 85th Annual International Conference in Niagara Falls, Ontario, Canada (September 10, 2019) a panel discussion on PROFESSIONAL PROFILE - MARK T. KENNEY, MAI, SRPA, MRICS the IAAO’s Fee Simple position paper including Norman “Ned” Chappell, MAI, CAE, Thomas W. Hamilton, Ph.D., MAI, CCIM, CRE, FRICS, Peter F. Korpacz, MAI, CRE, FRICS, William D. Shepherd, Esq., Irene E. Sokoloff, MAI, CAE, CFE, and Kenneth Voss, MAI, CAE, “Litigation Strategies for Defending the Big Box Assessment” at the International Association of Assessing Officers’s (IAAO) 85th Annual International Conference in Niagara Falls, Ontario, Canada (September 9, 2019) presented by William D. Shepherd, Esq., “Retail: Dead or Alive?” at the International Association of Assessing Officers’s (IAAO) 85th Annual International Conference in Niagara Falls, Ontario, Canada (September 9, 2019) presented by Marc Moffit, MS, “Examining Property Rights and Implications in Valuation” presented by Leslie P. Sellers, MAI, SRA, former Appraisal Institute National President, for the Philadelphia Metropolitan Chapter of the Appraisal Institute (June 5, 2019), “Preparing for Real Estate Litigation” at the Assessors’ Association of Pennsylvania’s (AAP) 71st Annual Conference in Pittsburgh, PA (May 3, 2019) presented by M. Janet Burkhardt, Esq. and Victor “Vic” Kustra, Esq., “Big Box Appeals... Issues and Solutions” at the Assessors’ Association of Pennsylvania’s (AAP) 71st Annual Conference in Pittsburgh, PA (May 2, 2019) presented by Peter F. Korpacz, MAI, CRE, FRICS and Irene E. Sokoloff, MAI, CAE, “After Fee Simple...” & “Pretty Vacant” (two sessions together) at the International Association of Assessing Officers’s (IAAO) 84th Annual International Conference in Minneapolis, MN (September 26, 2018) presented by William D. Shepherd, Esq., “Implementing a Big-Box Methodology” at the International Association of Assessing Officers’s (IAAO) 84th Annual International Conference in Minneapolis, MN (September 25, 2018) a panel discussion including Norman “Ned” Chappell, MAI, CAE, Thomas W. Hamilton, Ph.D., MAI, CCIM, CRE, FRICS, Peter F. Korpacz, MAI, CRE, FRICS, William D. Shepherd, Esq., Irene E. Sokoloff, MAI, CAE, CFE, Kenneth Voss, MAI, and Paul A. Welcome, CAE, FRICS, ASA, RMA, Moderator, “When Fee Simple Is Not So Simple” at the International Association of Assessing Officers’s (IAAO) 84th Annual International Conference in Minneapolis, MN (September 25, 2018) presented by James Murrett, MAI, the 2018 Appraisal Institute National President, “Cap It Off! - Real World Cap Rate Development Methods” at the International Association of Assessing Officers’s (IAAO) 84th Annual International Conference in Minneapolis, MN (September 25, 2018) presented by Marcus M. Moffitt, RPA, MPA, from Denton TX, “Supersize Me! The Valuation of Corporate Headquarters” First Plenary Session at the International Association of Assessing Officers’s (IAAO) 84th Annual International Conference in Minneapolis, MN (September 25, 2018) presented by Tim Wilmath, MAI, SRA, PROFESSIONAL PROFILE - MARK T. KENNEY, MAI, SRPA, MRICS “Valuation Issues with Continuing Care Retirement Communities” at the International Association of Assessing Officers’s (IAAO) 84th Annual International Conference in Minneapolis, MN (September 24, 2018) presented by Brian Johnson, Pima County AZ Property Assessment Litigation Manager, “Nuances of Valuation” and “Developing a Supportable Work File” presented by Vincent Dowling, MAI, SRPA, MRICS for the Southern New Jersey Chapter of the Appraisal Institute in Atlantic City, NJ (June 12, 2018), “2018 Preparation & Trial of the Property Tax Appeal Seminar” at the University of North Carolina - School of Government in Chapel Hill, NC (June 7-8, 2018) presented by the International Association of Assessing Officers (IAAO), “Valuation Challenges: Cap Rates, Highest and Best Use, RCN” at the International Association of Assessing Officers’s (IAAO) 83rd Annual International Conference in Las Vegas, NV (September 27, 2017) presented by Jim Amorin, MAI, SRA, AI-GRS, Appraisal Institute National President 2009 & 2017 and Stephen Wagner, MAI, SRA, AI-GRS, “Valuation of Underperforming Regional Malls” Second Plenary Session at the International Association of Assessing Officers’s (IAAO) 83rd Annual International Conference in Las Vegas, NV (September 27, 2017) presented by Peter F. Korpacz, MAI, CRE, FRICS, “Valuing the Las Vegas “Strip” - Challenges & Limitations” First Plenary Session at the International Association of Assessing Officers’s (IAAO) 83rd Annual International Conference in Las Vegas, NV (September 27, 2017), “Don’t Cut Me Off! Use of Post-Valuation Date Evidence” at the International Association of Assessing Officers’s (IAAO) 83rd Annual International Conference in Las Vegas, NV (September 26, 2017), “Valuing Hospitals as Integrated Healthcare Facilities” at the International Association of Assessing Officers’s (IAAO) 83rd Annual International Conference in Las Vegas, NV (September 25, 2017), “The Dark Store Theory: Controversy in the Property Tax World” presented at the ABA/IPT’s Advanced Property Tax Seminar in New Orleans, LA (March 24, 2017), a panel presentation including Thomas W. Hamilton, PhD, MAI, CRE, FRICS, Mark Hutcheson, Esq., CMI, CRE, David Lennhoff, CRE, MAI, FRICS, AI-GRS, and Amy Seibel, Esq., CPA, “The Big Box Controversy: Looking for Solutions” presented at the ABA/IPT’s Advanced Property Tax Seminar in New Orleans, LA (March 23, 2017) presented by Peter F. Korpacz, MAI, CRE, FRICS, Kathryn D. Myers, Esq., and Gaylord A. Wood, Jr., Esq., “Separating Intangible Value, FF&E, and Real Estate” at the International Association of Assessing Officers’s (IAAO) 82nd Annual International Conference in Tampa, FL (August 30, 2016) presented by Jim Amorin, MAI, SRA, AI-GRS, Appraisal Institute National President 2009 & 2017, “Fee Simple...It’s Not So Complicated” Plenary Session at the International Association of Assessing Officers’s (IAAO) 82nd Annual International PROFESSIONAL PROFILE - MARK T. KENNEY, MAI, SRPA, MRICS Conference in Tampa, FL (August 30, 2016) presented by Peter F. Korpacz, MAI, CRE, FRICS, “Big Box, Big Box Issues Roundtable” at the International Association of Assessing Officers’s (IAAO) 82nd Annual International Conference in Tampa, FL (August 30, 2016) coordinated by Tim Wilmath, MAI, SRA, “Who’s Afraid of the Big, Bad Cost Approach?” at the International Association of Assessing Officers’s (IAAO) 82nd Annual International Conference in Tampa, FL (August 29, 2016) presented by William Shepherd, Esq., CFE, “Real Estate Stands Alone: Impact of Indexing on Real Estate Value” presented at the Institute for Professionals in Taxation’s (IPT) Annual Conference in Traverse City, MI by Robert Brazzell and Stephen Paul, Esq. (June 14, 2016), “Valuation Issues with Limited Market Properties” presented at the Institute for Professionals in Taxation’s (IPT) Annual Conference in Traverse City, MI by Brent Auberry, Esq., Daniel Stanley, Esq. And Lawrence Mitchell, MAI (June 14, 2016), “The Real Estate Bubble” presented at the Institute for Professionals in Taxation’s (IPT) Annual Conference in Traverse City, MI by Robert Goldman, Esq., David Kaplan, Esq., and Michael Kelly, MAI, SRPA (June 13, 2016), “Michigan, Indiana and Ohio State Updates” presented at the Institute for