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Home My WebLink AboutFY26-27 Real Property Appraisal_ Real Estate Appraisal - ACM Consultants, IncReal Estate Valuation & Consulting 2073 Wells Street, Suite 100 Wailuku, Maui, HI 96793 Telephone: (808) 242-6481 Email: office@acmmaui.com June 11, 2026 Diane Nakagawa Director of Finance County of Hawaii 25 Aupuni Street Suite 2103 Hilo, Hawaii 96720 Re: Statement of Qualification and Letter of Interest - REAL PROPERTY APPRAISAL SERVICES Dear Director Nakagawa: Pursuant to your Notice to Providers of Professional Services, we respectfully request your consideration for continuance of our firm on your list of approved providers of Real Property Appraisal (Real Estate Appraisal), Category FN.13, for the fiscal year 2026–2027. Enclosed for your information and use are the following: DPW Form 120 which includes required information listed on your notice including firm information, qualifications of key members of our firm, education, and training. List of recent projects Certificate of Good Standing and Certificate of Vendor Compliance Appraiser License Client References Company Brochure We also invite you to visit our website, www.acmmaui.com. Please contact me at (808) 270-0604 for any additional information you may require. Thank for you for your consideration and we look forward to providing further appraisal and consulting services to the County of Hawaii. Respectfully yours, ACM Consultants, Inc. Ted Yamamura, SRA, CGA, R/W-AC Executive Vice President Enclosures ACM Consultants, Inc. 1982 HI ___________ 2073 Wells Street, Suite 100, Wailuku, HI 96793 43 years 94-3268494 Len Inokuma, SRA, CRA Ted Yamamura, SRA, CGA, R/W-AC 2073 Wells Street, Suite 100, Wailuku, HI 96793 Len Inokuma 1 1 Support Staff 2 # of Licensed Appraisers:3 Telephone: (808) 242-6481 Fax: (808) 242-1852 Telephone: (808) 242-6481 Fax: (866) 871-1226 Real Estate Appraisal 5/15/2026 43 Originally established as ACM Real Estate Appraisers) 1 Len Inokuma Hawaii Ted Yamamura Hawaii President Executive Vice-President/Senior Appraiser 28 11 N/A 48 University of Nevada-LV, BSBA Real Estate Finance (1995)University of Hawaii Appraisal Institute, HI Chapter; Realtors Association of Maui Appraisal Institute, HI Chapter; International Right of Way Association, Realtors Association of Maui CRA-645, 10/9/2002, Hawaii CGA-160, 9/18/1991, Hawaii 24 yrs 1 yrs 20 yrs Ashley Haleakala Licensed Staff Appraiser 2 19 University of Hawaii, BBA/Management & Finance (2005) CRA-1118, 2/12/2015, Hawaii 1M $1,000 N/A N/A NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE DPW FORM 120 (Rev. 6/99) Explain firm's individual project assignment, project management structure, project execution (work flow and responsibilities) and quality control process. In the event the spaces provided on this form are not sufficient for entries, or if you wish to furnish additional information, it may be inserted here or on separate sheets, with appropriate references. ACM Consultants, Inc., has established a proven process for providing quality real estate valuation and counseling services to our clients. These services are designed to satisfyour client's needs, consistent with the fee and other constraints established by our client. We recognize the challenges involved in this contract and are committed to providing the highest quality service as well as timely and pertinent information for project management and tasking. Quality assurance and completing the work on time are important objectives for our staff. Ted Yamamura, SRA, CGA, R/W-ACand staffmembers propose to combine their individual experience and capabilities to provide appraisal services to the various project assignments. A project team with the necessary expertise and manpower will be put together to properly conduct the scope of work. A Principal is involved with every project assuring quality control and adherence to project schedules. The personnel assigned to the project will be responsible for implementing our Quality Assurance Plan under the direction of the Principal. Although we do not anticipate the need for outside professional services, we will not hesitate to consult with specialists if a situation warrants it. Project management is performed by the key individual assigned to a project and quality control is incorporated at all levels. We recognize the challenges involved in assignments and are committed to providing the client with high-quality service as well as timely and pertinent information while completing the valuation assignments. Key Person: Ted Yamamura, SRA, CGA, R/W-AC As of this date May 15, 2026 NAME OF FIRM OR INDIVIDUAL SUBMITTING QUESTIONNAIRE ACM Consultants, Inc. the foregoing is a true statement of facts. TYPE NAME AND TITLE OF PERSON SIGNING Ted Yamamura Executive Vice President SIGNATURE NOTE: It is to a firm's advantage to maintain its experience record on a current basis. This may be accomplished by periodically forwarding current data to DAGS. DPW FORM 120 SUPPLEMENT 1 Page 8 of 9 Rev. 6/99) Len Inokuma, SRA, CRA President 20 CEO/Manager/Appraiser CNH Funding 1997 1998 Las Vegas, NV Mortgage Broker Patrick Lee Loan Origination Rio Hotel and Casino 1995 1997 Las Vegas, NV Guest Services Supervisor Stuart Anbe Supervise Bell Desk Operations Project Assignment Year Location Entity Contact KauaiFireDepartmentLandAcquisition FeeSimpleLandAcquisition 2026 Lihue, Kauai CountyofKauai Mr. RussellFujimoto StateofHawaiiAirportRates & Charges StatewideAirportRentalRates 2025 Statewide StateDOT Mr. MikeAuerbach MaaloRoadLandAcquisition FeeSimpleLandAcquisition 2025 Lihue, Kauai StateADC Mr. LyleRoe WiakapuSchoolAddition FeeSimplePropertyValuation 2025 Wailuku, Maui RTTanakaEngineers Mr. KirkTanaka MauiHarborPropertyAcquisitions FeeSimplePropertyValuations 2025 Kahului, Maui StateDOT Mr. DavisYogi KuwiliStationTODRedevelopmentArea FeeSimplePropertyValuations 2025 Honolulu, Oahu C&CHonolulu Mr. AaronSakamoto Kauai/Big IslandRPDetermination Revocable PermitRentDeterimnations 2025 Kauai, Hawaii StateDOTHarbors Mr. Davis Yogi OlohenaRoad ImprovementsProjecct PartialAcquisitions 2024 Kapaa, Kauai WSP Ms. AmandaMurphy-Ishikawa PoipuEasements PartialAcquisitions 2024 Poipu, Kauai KauaiCounty Mr. AidanSmith Unit1, HC&DCondominium FeeSimplePropertyValuation 2024 Kahului, Maui CountyofMaui Mr. GuyHironaka 441AkiStreetProperty PartialAcquisitions 2024 Lahaina, Maui FukumotoEngineering Mr. MikeSilva 1122BanyanStreetApartment FeeSimplePropertyValuation 2024 Honolulu, Oahu C&CHonolulu Ms. CatherineTaschner 295.488AcreLandAcquisition FeeSimplePropertyValuation 2024 Lihue, Kauai StateDHHL Mr. KaliWatson VonTempskeyLot1Acquisition FeeSimplePropertyValuation 2024 Kula, Maui CountyofMaui Mr. GuyHironaka WaialeRoadExtensionProject PartialAcquisitions 2024 Wailuku, Maui WSUE Mr. BradWright QueenStreetHARTAcquisition PartialAcquisitions 2024 Honolulu, Oahu KSG Mr. AaronMun, Esq. KaeiHanaIIndustrialLots FeeSimplePropertyValuation 2024 Lihue, Kauai StateDHHL Ms. ShareneTam CentralMauiLandfillExpansion FeeSimplePropertyValuation 2024 Kahului, Maui CountyofMaui Mr. GuyHironaka LydgatePark/KapaaPedestrianPath PartialAcquisitions 2024 Kapaa, Kauai KauaiCounty Ms. KimberlyTorigoe LiloaDriveExtensionProject PartialAcquisitions 2024 Kihei, Maui CountyofMaui Mr. RodrigoRabara 819So. BeretaniaStreetProperty FeeSimplePropertyValuation 2024 Honolulu, Oahu C&CHonolulu Ms. CatherineTaschner ADCandDHHLLandValuations FeeSimplePropertyValuations 2024 Lihue, Kauai GroveFarm Mr. DaveHinazumi KealaloaWell/OmaopioTankSite FeeSimpleLandValuations 2024 Kula, Maui CountyofMaui Mr. TomOchwat NorthKohala Land FeeSimple Property Valuation 2023 Kohala, Hawaii Hawaii County Ms. Maxine Cutler LanaiCommunityHospital CTScannerRoomValuation 2023 LanaiCity, Lanai Pulama Lanai Mr. GarretTokuda BloodBankofHawaii FeeSimplePropertyValuation 2023 Honolulu, Oahu C&CHonolulu Ms. JoanAlmogela HanapepeCommercialLot Hanapepe LandAcquisition 2023 Hanapepe, Kauai KauaiCounty Ms. JodiHiguchi-Sayegusa KaeiHanaIIndustrialLots GroundRentRedeterminations 2023 Hilo, Hawaii StateDHHL Mr. PeterAlbinioJr. NorthKonaWellConstructionProject PartialAcquisitions 2023 Kona, Hawaii Bowers & Kubota Ms. KathleenChu MikiBasinIndustrialLots FeeSimpleLotValuations 2023 LanaiCity, Lanai Pulama Lanai Mr. GarretTokuda ShafterFlatsIndustrialLots GroundRentRedeterminations 2023 Honolulu, Oahu StateDHHL Mr. PeterAlbinioJr. KulaCommunityCenter LeasedFeePropertyValuation 2023 Kula, Maui CountyofMaui Mr. ScottTeruya OldSwapMeetSite FeeSimplePropertyValuation 2023 Kahului, Maui A & BInc.Mr. RandyEndo CentralMauiLandfillExpansion FeeSimpleLandValuation 2023 Kahului, Maui CountyofMaui Mr. GuyHironaka AliiDriveOceanfrontLand FeeSimplePropertyValuation 2022 Kona, Hawaii HawaiiCounty Ms. MaxineCutler AdolescentTreatment & HealingCenter FeeSimplePropertyValuation 2022 Lihue, Kauai GroveFarm Mr. DaveHinazumi PearlridgeBusTransitCenter PartialAcquisitions 2022 Honolulu, Oahu G70 Ms. KahealaniWinchester AhukiniEasements EasementDisposition 2022 Lihue, Kauai StateDOT Mr. MikeAuerbach MamalahoaHighwayDrainage PartialAcquisitions 2022 Waimea, Hawaii HawaiiCounty Mr. AlanThompson 2241Kapiolani (WaikikiVista) Property FeeSimplePropertyValuation 2022 Honolulu, Oahu HonoluluC&C Mr. ScottHayashi MikiBasinIndustrialLots FeeSimpleLandValuations 2022 LanaiCity, Lanai Pulama Lanai Mr. GarretTokuda InterstateH-1Improvements PartialAcquisitions 2022 Honolulu, Oahu Jacobs Mr. Nick Ching KokololioStreamBridgeReplacement PartialAcquisition 2022 Honolulu, Oahu StateDOT Mr. KirkOshiro IwileiCenter FeeSimplePropertyValuation 2022 Iwilei, Oahu HonoluluC&C Mr. ScottHayashi LaieloaStreamBridgeReplacement PartialAcquisition 2022 Honolulu, Oahu StateDOT Mr. KirkOshiro KonaAirportT-Hangars RentDetermination 2021 Kona, Hawaii StateDOT Mr. MikeAuerbach Keaau-PahoaRoadImprovements PartialAcquisitions 2021 Pahoa, Hawaii StateDOT Mr. KirkOshiro StatewideAgricultureLots AgLotGroundRentReopenings 2021 Statewide DeptofAgriculture Mr. RoyHasegawa HonoluaBridgeReplacement PartialAcquisition 2021 Lahaina, Maui StateDOT Mr. KirkOshiro Ka'alu'aluBayRanchLands FeeSimpleLandValuation 2021 Naalehu, Hawaii TrustforPublicLand Ms. ReynaRamoleteHayashi MaipaloaBridgeReplacement PartialAcquisition 2021 Waianae, Oahu StateDOT Mr. KirkOshiro MokuleleHighwayPhaseIProject PartialAcquisition 2021 Kihei, Maui StateDOT Mr. KirkOshiro PunaluuSwaleEasement EasementAcquisition 2021 Punaluu, Oahu HonoluluBWS Mr. MichaelMatsuo UaoaBridgeReplacementProject PartialAcquisitions 2021 Haiku, Maui StateDOT Mr. KirkOshiro DanielK. InouyeInternationalAirport RentDeterminationofBuildings 2021 Honolulu, Oahu StateDOT-Airports Mr. MikeAuerbach RoadwayRemnant Parcel FeeSimpleLandValuation 2021 Kona, Hawaii Kamehameha Schools Mr. SteveHayamoto Papaikou BeachAccessEasement EminentDomain 2020 Kona, Hawaii HawaiiCounty Mr. SinclairSalas-Ferguson DickensonStreetParcels FeeSimpleLandAcquisitions 2020 Lahaina, Maui CountyofMaui Mr. GuyHironaka PohoikiRoadRestoration PartialAcquisitions 2020 Puna, Hawaii HawaiiCounty Mr. BenIshii HalawaBusFacility ValuationforHonoluluRailProject 2020 Halawa, Oahu HonoluluC&C Ms. SandraPfund 2301WaiomauRoad EminentDomain 2020 Palolo, Oahu HonoluluC&C Mr. ScottShigeoka KaipapaoBridgeReplacementProject PartialAcquisitions 2020 Hauula, Oahu StateDOT Mr. GaryGaspar PiaValleyLandAcquisition FeeSimpleLandValuation 2020 Honolulu, Oahu StateDLNR Mr. RussellTsuji MamalahoaHighwayWidening PartialAcquisitions 2020 Waimea, Hawaii HawaiiCounty Mr. DarylInaba KakaakoElementarySchool GroundLeaseRentDetermination 2020 Honolulu, Oahu SSFM Mr. DeanUchida WainihaStreamBridgeReplacement PartialAcquisitions 2019 Hanalei, Kauai Jacobs Mr. AaronSwofford WaikiloaPublicLibrary FeeSimpleLandAcquisition 2019 Kona, Hawaii StateDLNR Mr. RussellTsuji KuhioHighwayShortTermImprovements PartialAcquisitions 2019 Kapaa, Kauai StateDOT Mr. KirkOshiro LydgatePark/KapaaPedestrianPath EasementAcquisitions 2019 Kapaa, Kauai WSP Ms. PamelaUyeda WailaniDevelopment Useand Occupancy Agreement 2019 Lihue, Kauai GroveFarm Mr. Dave Hinazumi KapalamaHale PropertyAcquisition 2019 Honolulu, Oahu HonoluluC&C Ms. SandraPfund KonaIndustrialProperty FeeSimpleLandAcquisition 2019 Kona, Hawaii HawaiiCounty Ms. DeannaSako DoleAgricultureLands FeeSimpleLandAcquisitions 2019 Wahiawa, Oahu StateADC Mr. KenNakamoto WailukuWaterCompanyLand & Water LandandSurfaceWaterConveyance 2018 Wailuku, Maui CountyofMaui MayorAlanArakawa KahuluiAgricultureLands AirportFeeSimpleLandAcquisitions 2018 Kahului, Maui DOT-Airports Mr. MikeAuerbach StatewideAgricultureLots AgLotGroundRentReopenings 2018 Statewide DeptofAgriculture Mr. RandyTeruya KilaueaVolcanoBuildingReplacement FEMABuildingReplacement 2018 Kona, Hawaii NELHA Mr. AlexanderLeonard MenehuneRoadRockfall Mitigation EasementAcquisition 2018 Waimea, Kauai StateDLNR Mr. RussellTsuji FarringtonHighwayUtilityCrossings UseandOccupancyAgreement 2018 Kapolei, Oahu KapoleiDevelopment Mr. RobbyField LahainaBypassProject PartialAcquisitions 2018 Lahaina, Maui WilsonOkamoto Mr. BrianLock NanahuBridgeReplacementProject PartialAcquisitions 2018 Kahuku, Oahu CH2MHill Mr. AaronSwofford AlewaHeightsProperty PropertyValueforHUDRepayment 2018 Honolulu, Oahu HonoluluC&C Mr. ReidGoto LonoKonaSewerProject EasementAcquisitions 2017 Kona, Hawaii HawaiiCounty Ms. MaxineCutler MahinahinaWaterTreatment EasementAcquisitions 2017 Lahaina, Maui CountyofMaui Mr. TomOchwat KonaIndustrialProperties PropertyValueforExchange 2017 Kona, Hawaii HawaiiCounty Ms. MaxineCutler MiloliiResidentialLeases GroundRentReopenign 2017 Milolii, Hawaii StateDLNR Mr. RussellTsuji Laupahoehoe GulchRockfallMitigation PartialAcquisitions 2017 Hilo, Hawaii StateDOT Mr. KirkOshiro Papaikou PublicBeachAccessEasement EasementValuation-EminentDomain 2017 Hilo, Hawaii HawaiiCounty Mr. RonaldKim AdolescentTreatment & HealingCenter PartialAcquisition 2017 Lihue, Kauai GroveFarm Mr. DaveHinazumi Waiko RoadWaterTankSite PartialAcquisition 2016 Wailuku, Maui A & BInc.Mr. GrantChun Pupukea & AlapioLineAlignments PoleandLineEasements 2016 Pupukea, Oahu Henkels & McCoy Mr. KevinChoan HanamauluParkLandDonation MarketValueDetermination 2016 Lihue, Kauai KauaiCounty Mr. WilliamTrugillo FarringtonHighwaySewerline UseandOccupancyAgreement 2016 Ewa, Oahu DRHorton Mr. StuartSoong ACMConsultants, Inc. 10YearRepresentativeSamplingofCompletedProjects Department of Commerce and Consumer Affairs CERTIFICATE OF GOOD STANDING I, the undersigned Director of Commerce and Consumer Affairs of the State of Hawaii, do hereby certify that according to the records of this Department, ACM CONSULTANTS, INC. was incorporated under the laws of Hawaii on 04/29/1997 ; and that it is an existing corporation in good standing, and is duly authorized to transact business. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Department of Commerce and Consumer Affairs, at Honolulu, Hawaii. Dated: April 02, 2026 Director of Commerce and Consumer Affairs To check the authenticity ofthis certificate, please visit: http://hbe.ehawaii.gov/documents/authenticate.html Authentication Code: 630074-COGS_PDF-108383D1 STATE OF HAWAII STATE PROCUREMENT OFFICE CERTIFICATE OF VENDOR COMPLIANCE This document presents the compliance status of the vendor identified below on the issue date with respect to certificates required from the Hawaii Department of Taxation (DOTAX), the Internal Revenue Service, the Hawaii Department of Labor and Industrial Relations (DLIR), and the Hawaii Department of Commerce and Consumer Affairs (DCCA). Vendor Name:ACM CONSULTANTS, INC. Issue Date:05/14/2026 Status:Compliant Hawaii Tax#:20103567 New Hawaii Tax#:GE-0105611264-01 FEIN/SSN#:XX-XXX8494 UI#:XXXXXX3923 DCCA FILE#:108383 Status of Compliance for this Vendor on issue date: Form Department(s)Status A-6 Hawaii Department of Taxation Compliant 8821 Internal Revenue Service Compliant COGS Hawaii Department of Commerce & Consumer Affairs Compliant LIR27 Hawaii Department of Labor & Industrial Relations Compliant Status Legend: Status Description Exempt The entity is exempt from this requirement Compliant The entity is compliant with this requirement or the entity is in agreement with agency and actively working towards compliance Pending A status determination has not yet been made The entity has applied for the certificate but it is awaitingapprovalSubmitted The entity is not in compliance with the requirement and should contact the issuing agency for moreinformationNotCompliant TED YAMAMURA State of Hawaii Appraiser License REFERENCES Mr. Guy Hironaka, Land Acquisition Officer County of Maui-Department of Finance 200 South High Street, 2nd Floor Wailuku, Hawaii 96793 Tel: (808) 270-7725 Fax: (808) 270-7878 Email: guy.hironaka@co.maui.hi.us Mr. Aaron Sakamoto, Chief City and County of Honolulu Dept of Design and Construction, Land Division 650 South King Street Honolulu, Hawaii 96813 Tel: (808) 768-8717 Fax: (808) 523-4567 Email: asakamoto@honolulu.gov Mr. Cyrus Chen, Appraisal Section Chief State of Hawaii-Dept of Transportation, Right of Way Branch 601 Kamokila Boulevard, Room 691 Kapolei, Hawaii 96707 Tel: (808) 692-7693 Fax: (808) 692-7327 Email: cyrus.cy.chen@hawaii.gov Mr. Seiji Ogawa, Land Division Administrator State of Hawaii-Dept of Land & Natural Resources P O Box 621 Honolulu, Hawaii 96809 Tel: (808) 587-0422 Fax: (808) 587-0455 Email: seiji.ogawa1@hawaii.gov Ms. Krista Lunzer, Director of Transit Property Acquisition and Relocation City and County of Honolulu Honolulu Authority for Rapid Transportation (HART) 1099 Alakea Street Suite 1700 Honolulu, Hawaii 96813 Tel: (808) 768-6159 Email: klunzer@wdschockco.com Ms. Linda Chinn, Acting Administrator State of Hawaii-Dept of Hawaiian Home Lands Land Management Division P O Box 1879 Honolulu, Hawaii 96805 Tel: (808) 620-9451 Email: linda.l.chinn@hawaii.gov Mr. Shane Nishimoto, MAI, Chief Appraiser American Savings Bank 300 North Beretania Street Honolulu, Hawaii 96817 Tel: (808) 539-7814 Email: snishimoto@asbhawaii.com Mr. Clifford Mukai, PE Warren S. Unemori Engineering Inc. 2145 Wells Street Suite 403 Wailuku, Hawaii 96793 Tel: (808) 242-4403 Fax: (808) 244-4856 Email: cmukai@wsue.com Mr. Randall Endo, Vice President A & B Properties Hawaii, LLC 11 Puunene Avenue Kahului, Hawaii 96732 Tel: (808) 872-4307 Fax: (808) 871-7497 Email: rendo@abprop.com Mr. David Hinazumi, Senior Vice President Grove Farm 3-1850 Kaumualii Highway Lihue, Hawaii 96766 Tel: (808) 245-3775 Fax: (808) 246-9470 Email: dhinazumi@grovefarm.com Corporate Resume ACM Consultants, Inc. 2073 Wells Street, Suite 100 Wailuku, Maui, Hawaii 96793 808) 242-6481 www.acmmaui.com Company Profile 1 Services 2 Clients 3 References 4 Qualifications 5 Contents 1 ACM Consultants, Inc. is one of the most experienced independent real estate valuation and consulting companies in Hawaii. The firm is based on the island of Maui and provides diverse services throughout the State of Hawaii. As an integral part of the real estate decision process, ACM Consultants, Inc. provides real estate valuation opinions to a wide range of clients from individual buyers or sellers to developers, lenders, government entities and large private institutions. The firm is involved in providing valuation and market study services for residential properties, condominium units, vacant land, estates, and complex, high value residential real properties throughout the State of Hawaii. ACM Consultants, Inc., also provides expert witness services in the court system of the State of Hawaii, U.S. District Court and U.S. Bankruptcy Court. We also provide specialized services to assist in alternative dispute resolution processes such as mediation and arbitration proceedings, and eminent domain. The principal and associates of ACM Consultants, Inc. are experienced and highly educated in their various fields of expertise. Within the firm are members who have attained the distinctive SRA appraisal designation from the Appraisal Institute, and R/W-AC Certification from the International Right of Way Association. LEN INOKUMA, SRA, CRA, owner and president of ACM Consultants Inc., has been an integral part of the company since 1999. After graduating from the University of Nevada, Las Vegas with a BSBA in Real Estate Finance, Len moved back to Maui to begin his career in residential appraising. By 2002, Len was licensed as a certified residential appraiser (CRA) in the State of Hawaii, and later earned the respected SRA designation from the Appraisal Institute. Being born and raised in Hawaii, along with his extensive knowledge of real estate, Len became an expert in all types of residential properties. As president, Len is actively involved in every aspect of the company. This includes working with clients, overseeing daily operations, leading ACM's growth strategy, and focusing on creating new and applicable valuation products, which will serve his clients more effectively. During his spare time, Len is an active member of his community. He is a board member of the Hawaii Chapter of the Appraisal Institute, the President of the St. Anthony Parish School Board, and a board member of St. Anthony Grade School's PTG. He also serves as a member of both Hale Makua's General Board and the Development and Community Relations Committee. Len resides in Kahului with his wife, Dayna, and two sons, Devin and Chase. TED K. YAMAMURA, SRA, CGA, R/W-AC, Executive Vice-President and senior appraiser was raised on the island of Maui, is a veteran of the U.S. Air Force and educated at the University of Hawaii, Manoa. He received banking experience as manager for the former Honolulu Federal Savings and Loan and began his appraisal career as Vice President, Maui Branch of the former Alexander & Alexander, Ltd. In 1982, he established ACM, Real Estate Appraisers, now known as ACM Consultants, Inc. He is an SRA designee of the Appraisal Institute and also a Right of Way-Appraisal Certified (R/W-AC) appraiser in the State of Hawaii. His primary expertise is the valuation and counseling for government entities throughout the State of Hawaii, arbitration services, litigation support and expert witness services in the court system of the State of Hawaii, U.S. District Court and U.S. Bankruptcy Court. He also provides valuation of complex, high value residential real properties. Mr. Yamamura is also Yellow Book and Right of Way educated and experienced. ACM Consultants, Inc. is proud to be a part of the complex and challenging process of real property valuation on Maui and the State of Hawaii. As the economics of real property changes from market to market, we take pride in knowing that our staff are able to quickly adapt and provide the quality and professional service our clients deserve. Company Profile 2 INCORPORATION Founded August 1982. Incorporated State of Hawaii, April 1997. ADDRESS AND CONTACT 2073 Wells Street, Suite 100 Wailuku, Maui, HI 96793 Telephone: (808) 242-6481 Fax: (866) 871-1226 Website: http://www.acmmaui.com COMPANY HISTORY ACM Consultants, Inc, formerly known as ACM Real Estate Appraisers, Inc., is a Hawaii corporation. ACM Consultants, Inc., is a professional organization providing informed and objective real property valuation services to clients requiring responsible, comprehensive and creative guidance to enable informed decisions and viable solutions in real property valuation problems. ACM Consultants, Inc. is engaged solely in the real property valuation and consultation field. PROFESSIONAL MEMBERSHIPS Appraisal Institute, SRA Designation (Len Inokuma) Appraisal Institute, SRA Designation (Ted Yamamura) National Association of Realtors, Appraisal Section, Founding Member International Right of Way Association, Past Chapter President International Right of Way Association, R/A-AC Certification Ted Yamamura) APPRAISER LICENSING State of Hawaii, Certified General Appraiser State of Hawaii, Certified Residential Appraiser KEY PERSONNEL Len Inokuma, President SRA, CRA Ted Yamamura, Exec VP SRA, CGA, R/W-AC Ashley Haleakala CRA Tamra Takeshita SERVICE AREA State of Hawaii, All Counties 3 SERVICES – Residential Appraisals Single Family Condominium Unit Vacant Land Multiple Dwelling Properties Estates High Value Properties SERVICES – Specialized Appraisals Eminent Domain Right of Way Acquisitions Partial Acquisition Valuations Federal, State and County Transportation Projects Highway, Airport and Harbor Properties Easement Valuations Lease Rent Re-Openings Enhancement Valuation Remnant Valuations Revocable Permits Submerged Lands LEGAL Arbitration Mediation Estate Valuation Litigation Support Expert Witness Services 4 CLIENTS ACM Consultants, Inc. is approved by numerous financial, private and governmental institutions. A partial list of clients include: FINANCIAL American Savings Bank FSB Finance Factors, Ltd. Bank of America First Hawaiian Bank Bank of Hawaii Hawaii National Bank Bank of Oklahoma, N.A. Home Street Bank California Savings Bank Pacific Rim Bank Central Pacific Bank Silicon Valley Bank CitiBank, Hong Kong Territorial Savings Bank Citigroup Private Banking The Bank of Tokyo Deutsche Bank US Bank Federal Credit Unions PRIVATE ENTITIES AND CORPORATIONS Alexander & Baldwin, Inc. Lowe’s AKF Development Malulani Investments, Ltd. Castle & Cooke Company Maui Electric Company CH2M Hill Marriott Clinical Laboratories of Hawaii Maui Memorial Medical Center Commercial Properties of Maui Makani Nui Associates DR Horton-Schuler Homes Mitsunaga & Associates Dowling Company, Ind. Oceanic Time Warner Cable Fidelity National Title Pacific Rim Land, Inc. First Wind Energy LLC Parsons Brinckerhoff Haleakala Ranch Company Pacific Rim Land Grove Farm Property Development Center Hawaiian Cement Pulama Lanai KRS Development The Mills Group Henkels & McCoy Sempra Generation-Auwahi Wind Kamehameha Schools SSFM International KSD Hawaii Spencer Homes Kapolei Property Development LLC Starwood Hotels & Resorts Kaanapali Beach Hotel Stanford Carr Development Kaanapali Development Corp Tesoro Refining & Marketing Co. Kaanapali Land Management Corp Title Guaranty of Hawaii Kaonoulu Ranch Towne Development Hawaii Kapalua Land Company University of New Mexico Kaupo Ranch VIP Foodservice Kukui’ula Development Company West Maui Land Company Clients 5 LEGAL/ACCOUNTING/PLANNERS GOVERNMENT Ashford & Wriston, LLP Kobayashi, Sugita & Goda Alston Hunt Floyd & Ing Karen Temple, Attorney at Law Lung Rose Voss Wagnild Mancini, Welch & Geiger LLP Bronster Fujichaku Robbins McKeon Imlay Mehling Cades Schutte LLP Horovitz Tilley Carlsmith Ball LLLP Pamela Shults, Attorney At Law Dwight K. Muraoka, Attorney Ranken & Associates Deeley King Pang & Van Etten Rush Moore, LLP Glenn Kosaka, Attorney At Law Starn O’Toole Marcus & Fisher Goodsill Anderson Quinn & Stifel Takitani Agaran & Jorgensen LLLP Klevansky Piper LLP Munekiyo & Hiraga Inc. Niwao & Roberts, CPA’s Frampton & Ward LLC N & K CPA’s, Inc. Russell Yamane, CPA County of Maui Office of the Mayor Corporation Counsel Department of Public Works Department of Water Supply Department of Finance Department of Planning Housing & Human Concerns Parks and Recreation City & County of Honolulu Office of the Corporation Counsel Honolulu Authority for Rapid Transportation (HART) Department of Design and Construction Department of Land Management Department of Environmental Services Department of Transportation Services Kauai County Public Works Department Planning Department Hawaii County Department of Finance Office of the Corporation Counsel Department of Public Works Environmental Management 6 NON-PROFIT AND EDUCATIONAL ORGANIZATIONS State of Hawaii Department of the Attorney General Agribusiness Development Corporation Department of Land & Natural Resources Department of Education Department of Transportation – Highways, Harbors, Airports Department of Agriculture Department of Business, Economic Development and Tourism Department of Hawaiian Home Lands Hawaii Health Systems Corporation Hawaii Housing Finance & Development Corporation Hawaii Community Development Authority Hawaii Public Housing Authority Natural Energy Laboratory of Hawaii Federal Housing and Urban Development USDA Rural Development United States Coast Guard United States Department of Agriculture United States Department of Agriculture-NRCS Veteran’s Administration Carden Academy of Maui Kauai Economic Development Board Emmanuel Lutheran Church and School Queen Emma Land Company Hale Mahaolu The ARC in Hawaii Kapiolani Medical Center for Women & Children The Trust for Public Land Maui Coastal Land Trust The Roman Catholic Church Mental Health Kokua University of Hawaii Pacific Cancer Institute University of New Mexico 7 REFERENCE SOURCES Mr. Guy Hironaka, Land Acquisition Officer County of Maui-Department of Finance 200 South High Street, 2nd Floor Wailuku, Hawaii 96793 Tel: (808) 270-7725 Fax: (808) 270-7878 Email: guy.hironaka@co.maui.hi.us Mr. Aaron Sakamoto, Chief City and County of Honolulu Dept of Design and Construction, Land Division 650 South King Street Honolulu, Hawaii 96813 Tel: (808) 768-8717 Fax: (808) 523-4567 Email: asakamoto@honolulu.gov Mr. Cyrus Chen, Appraisal Section Chief State of Hawaii-Dept of Transportation, Right of Way Branch 601 Kamokila Boulevard, Room 691 Kapolei, Hawaii 96707 Tel: (808) 692-7693 Fax: (808) 692-7327 Email: cyrus.cy.chen@hawaii.gov Mr. Seiji Ogawa, Land Division Administrator State of Hawaii-Dept of Land & Natural Resources P O Box 621 Honolulu, Hawaii 96809 Tel: (808) 587-0422 Fax: (808) 587-0455 Email: seiji.ogawa1@hawaii.gov Ms. Krista Lunzer, Director of Transit Property Acquisition and Relocation City and County of Honolulu Honolulu Authority for Rapid Transportation (HART) 1099 Alakea Street Suite 1700 Honolulu, Hawaii 96813 Tel: (808) 768-6159 Email: klunzer@wdschockco.com Ms. Linda Chinn, Acting Administrator State of Hawaii-Dept of Hawaiian Home Lands Land Management Division P O Box 1879 Honolulu, Hawaii 96805 Tel: (808) 620-9451 Email: linda.l.chinn@hawaii.gov Mr. Shane Nishimoto, MAI, Chief Appraiser American Savings Bank 300 North Beretania Street Honolulu, Hawaii 96817 Tel: (808) 539-7814 Email: snishimoto@asbhawaii.com Mr. Clifford Mukai, PE Warren S. Unemori Engineering Inc. 2145 Wells Street Suite 403 Wailuku, Hawaii 96793 Tel: (808) 242-4403 Fax: (808) 244-4856 Email: cmukai@wsue.com Mr. Randall Endo, Vice President A & B Properties Hawaii, LLC 11 Puunene Avenue Kahului, Hawaii 96732 Tel: (808) 872-4307 Fax: (808) 871-7497 Email: rendo@abprop.com Mr. David Hinazumi, Senior Vice President Grove Farm 3-1850 Kaumualii Highway Lihue, Hawaii 96766 Tel: (808) 245-3775 Fax: (808) 246-9470 Email: dhinazumi@grovefarm.com References 8 PROFESSIONAL QUALIFICATIONS Len Inokuma, SRA, CRA ASSOCIATION MEMBERSHIPS: Certified Residential Appraiser, State of Hawaii No. CRA-645, Licensed 10/9/2002 Expiration: December 31, 2027 PROFESSIONAL AFFILIATIONS: Member, Appraisal Institute, SRA Designation, Hawaii Chapter No. 67, Designation - 2014 EXPERIENCE: President ACM Consultants, Inc. 2073 Wells Street Suite 100 Wailuku, Hawaii 96793 May 1998 to Present EDUCATION: University of Nevada Las Vegas – BSBA Real Estate Finance - 1989-1995 Baldwin High School - 1985-1989 COMMUNITY AFFILIATIONS: Appraisal Institute Regional Nominations Committee 2024 -Present Hawaii Chapter of the Appraisal Institute Education Chair 2023-Present Hawaii Chapter of the Appraisal Institute President 2022 Hawaii Chapter of the Appraisal Institute Vice President 2020 Hawaii Chapter of the Appraisal Institute Secretary/Treasurer 2019 Hawaii Chapter of the Appraisal Institute Director 2016 - 2018 St. Anthony School Board 2017 - 2019 St. Anthony Parish School Board President - 2016 St. Anthony PTG Board 2016 Hale Makua Services General Board 2014-2019 Hale Makua Services Development & Community Relations Committee Chair 2014-2019 Honolulu Japanese Chamber of Commerce 2005-2006 St. Anthony Parish School Board Board Member 2003-2004 St. Anthony PTG Board PTG President 2003-2004 PTG Vice President 2002-2003 PTG Member 1999-2004 SUCESSFULLY COMPLETED THE FOLLOWING COURSES AND EXAMINATIONS: Appraisal Institute, “Measure It Right! – Using the ANSI-Z765-2013 Standard for Residential Properties” - Online 2022 Appraisal Institute, 7-Hour National USPAP Update Course, Online 2022 Appraisal Institute, “Business Practices and Ethics” – Online 2019 Appraisal Institute, “General Appraiser Market Analysis and Highest and Best Use” – Online 2018 Appraisal Institute, Supervisory Appraiser/Trainee Appraiser Course – Honolulu, HI 2015 Appraisal Institute, “Advanced Residential Report Writing, Pt. II” – Seattle, WA 2013 Appraisal Institute, “Advanced Residential Applications & Case Studies” – Seattle, WA 2013 Appraisal Institute, “Residential & Commercial Valuation of Solar” – Albuquerque, NM 2013 Appraisal Institute, “Introduction to Green Buildings: Principles & Concepts - Online 2013 Appraisal Institute, “Online Residential Report Writing and Case Studies” – Online 2013 Appraisal Institute, “Online Real Estate Finance Statistics and Valuation Modeling” Online 2012 Qualifications 9 Appraisal Institute, “Residential Market Analysis and Highest & Best Use” – Online 2011 Appraisal Institute, “Online Business Practices and Ethics” – Online, 2011 Appraisal Institute, “Online FHA and The Appraisal Process” – 2009 Appraisal Institute, “7 Hour USPAP Course” – Online, 2009 Appraisal Institute, “15 Hour USPAP course” – San Diego, California 2006 Appraisal Institute, Course I210, “Residential Case Study” – Seattle, Washington, 2006 Appraisal Institute, Course II420N, “Business Practices and Ethics” – Honolulu, Hawaii 2005 National Association of Master Appraisers, Course 772 “National USPAP Course” Honolulu, Hawaii 2004 Appraisal Institute, Course 310, “Basic Income Capitalization” – San Diego California 2004 National Association of Master Appraisers, Course 627 “Principles of Real Estate Appraisal” Honolulu, Hawaii 2001 National Association of Master Appraisers, Course 636 “Practice of Real Estate Appraisal” Honolulu, Hawaii 2001 National Association of Master Appraisers, Course 660 “Writing The Narrative Appraisal Report” - Honolulu, Hawaii 2001 National Association of Master Appraisers, Course 672 “Standards of Professional Appraisal Practice” - Honolulu, Hawaii 2001 Appraisal Institute, Course 120, “Appraisal Procedures” – Tempe, Arizona 1999 Appraisal Institute, Course 110, “Appraisal Principles” – Tempe, Arizona 1999 QUALIFIED CONTINUING EDUCATION SEMINARS ATTENDED: Appraisal Institute, Reporting Market Analysis and Better Understanding the New URAR, Honolulu, 2025 Appraisal Institute, Supporting and Reporting the Sales Comparison Approach in the New URAR, Honolulu, 2025 Appraisal Institute, Appraiser’s Guide to the New URAR, Honolulu, 2025 Appraisal Institute, Business Practices and Ethics, 2025 Appraisal Institute, Leadership Development & Advisory Council, 2025 Appraisal Institute, Appraiser Law in the Real World, 2025 Appraisal Institute, Hawaii Fall Symposium, 2024 Appraisal Institute, Complex Valuation, Honolulu, 2024 Appraisal Institute, Leadership Development & Advisory Council, 2024 Appraisal Institute, A Workout Plan For Your Scope of Work, Honolulu, 2023 Appraisal Institute, Leadership Development & Advisory Council, 2022 Appraisal Institute, Avoiding Bias: Building a Bias Defense, Honolulu, 2022 Appraisal Institute, Valuation Overview of Accessory Dwelling Units, Honolulu, 2022 Appraisal Institute, 7-Hour National USPAP Update Course, Online 2022 Appraisal Institute, 2021 AI Annual Conference, Day 1 and 2, 2021 Appraisal Institute, Chapter Leadership Program, Webinar, 2021 Appraisal Institute, “Appraising Condos, Co-ops, and PUDs” – Online 2021 Appraisal Institute, “Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes” – Online 2021 Appraisal Institute, “Desktop Appraisals (Bifurcated, Hybrid) and Evaluations” – Online 2021 Appraisal Institute, “Business Practices and Ethics” – Online 2020 Appraisal Institute, Chapter Leadership Program, Webinar, 2020 Appraisal Institute, 7-Hour National USPAP Update Course, Honolulu, Hawaii 2020 Appraisal Institute, Desktop Appraisals (Bifurcated, Hybrid) and Evaluations, Virtual Classroom 2019 Appraisal Institute, Hawaii Banks’ Appraisal Perspective and Expectations, Honolulu, Hawaii 2019 Appraisal Institute, State of the Profession: Statutes & Rules for Hawaii Real Estate Appraisers, Honolulu, Hawaii 2019 Appraisal Institute, Spotlight on Common Errors and Issues, Honolulu, Hawaii 2019 Appraisal Institute, Spotlight on USPAP: Agreement for Services- Instructions for Use, Honolulu, Hawaii 2019 Appraisal Institute, Spotlight on Confidentiality, Honolulu, Hawaii 2019 Appraisal Institute, Spotlight on Review, Honolulu, Hawaii 2019 Appraisal Institute, 7-Hour National USPAP Update Course, Honolulu, Hawaii 2019 Appraisal Institute, Valuation by Comparison: Residential Analysis and Logic, Honolulu, Hawaii 2019 Appraisal Institute, 7-Hour National USPAP Update Course, Honolulu, Hawaii 2018 Appraisal Institute, A Lender’s Perspective: The Role of the Appraisal, Honolulu, HI 2018 Appraisal Institute, Solving Land Valuation Puzzles, Honolulu, HI 2018 Appraisal Institute, Spotlight on USPAP: Common Errors and Issues, Honolulu, HI 2017 10 Appraisal Institute, Spotlight on USPAP: Appraisal Review, Honolulu, HI 2017 Appraisal Institute, Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases, Honolulu, HI 2017 Appraisal Institute, Doing Expert Work on Atypical Cases, Honolulu, HI 2017 Appraisal Institute, Advanced Land Valuation: Sound Solutions to Perplexing Problems, Honolulu, HI 2017 Appraisal Institute, “Income Approach for Residential Appraisers – Honolulu, HI 2016 Appraisal Institute, “7 Hour National USPAP Update Course” – Honolulu, HI 2016 Appraisal Institute, “FHA Appraising for Valuation Professionals” – Honolulu, HI 2016 Appraisal Institute, “Thinking Outside the Form” – Online 2016 Appraisal Institute, “Cool Tools: New Technology for Real Estate – Online 2016 Appraisal Institute, Impact of Collateral Underwriter for Appraisers and Lenders Webinar, 2015 Appraisal Institute, Unraveling the Mystery of Fannie Mae Appraisal Guidelines Honolulu, Hawaii, 2014 Appraisal Institute, Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases – Honolulu, Hawaii, 2014 Appraisal Institute, 7-Hour National USPAP Update Course – Honolulu, HI 2014 Appraisal Institute, 7-Hour National USPAP Update Course – Honolulu, HI 2012 Appraisal Institute, Uniform Appraisal Dataset Aftereffects: Efficiency vs. Obligation Honolulu, Hawaii 2012 Appraisal Institute, Marketability Studies: Six-Step Process & Basic Applications Honolulu, Hawaii 2012 Appraisal Institute, The Uniform Appraisal Dataset form Fannie Mae and Freddie Mac Hawaii ID 11-016) Honolulu, HI 2011 Appraisal Institute, FHA and The New Residential Form, (Hawaii ID 10-172) Honolulu, Hawaii 2010 Appraisal Institute, Hawaii Lands, Historical Review (Hawaii ID 09-909) Maui, Hawaii 2009 Appraisal Institute, The New Residential Market Conditions Form (Hawaii ID 09-005), Honolulu, Hawaii 2009 Appraisal Institute, Proposed Interagency Appraisal & Evaluation Guidelines/HVCC Hawaii ID 09-006) Honolulu, HI 2009 Appraisal Institute, REO Appraisal: Appraisal of Residential Property Foreclosure Hawaii ID 08-140), Honolulu, Hawaii 2008 Appraisal Institute, Appraisal Challenges: Declining Markets and Sales Hawaii ID 08-139) Honolulu, Hawaii 2008 Appraisal Institute, Fannie Mae Seminar (Hawaii ID 06-123), Honolulu, Hawaii 2006 Appraisal Institute, The Professional’s Guide to URAR (Hawaii ID 04-137) Honolulu, Hawaii 2005 Appraisal Institute, Case Studies in Limited Partnerships and Common Tenancy Hawaii ID 04-097), Honolulu, 2005 Appraisal Institute, Scope of Work: Where Are We Now? (Hawaii ID 04-098) Honolulu, Hawaii 2005 Appraisal Institute, Reappraising, Readdressing, Reassigning: What to do and Why and What to Include in a Work File (Hawaii ID 04-097) Honolulu, Hawaii 2004 Appraisal Institute, Fannie Mae Residential Presentation (Hawaii ID 04-099) Honolulu, Hawaii 2004 Appraisal Institute, FHA Appraisal Inspection from the Ground Up: What Every Appraiser Should Know (Hawaii ID 03-011) - Honolulu, HI 2003 Appraisal Institute, “Business Practices and Ethics” Honolulu, HI 2003 Appraisal Institute, Client Forum: “Meet Your Bosses” Honolulu, HI 2002 Appraisal Institute, “Practical Ways to Leverage New Tech. Tools in Appraisal Business” - Honolulu, HI 2002 Appraisal Institute, “Financial Reporting Valuations, Part 1: Principles/Concepts” Honolulu, HI 2002 Appraisal Institute, “Technology Update, Part 1” Honolulu, HI 2002 LEGAL: Qualified as an expert witness: Second Circuit Court, State of Hawaii U.S. Bankruptcy Court 11 APPRAISER QUALIFICATIONS – TED K. YAMAMURA, SRA, R/W-AC, CGA STATE LICENSING State Certified General Appraiser, State of Hawaii, License No. CGA 160, 9/18/1991 Expiration: December 31, 2027 PROFESSIONAL AFFILIATIONS Member---Appraisal Institute - Honolulu Chapter #67, SRA Designation - 1985 Member---International Right of Way Association (IRWA), R/W-AC Certification - 2007 PROFESSIONAL AND COMMUNITY INVOLVEMENT Past Member---State of Hawaii, Commission on Water Resource Management – 2012-2014 Past President---Hawaii Chapter of the Appraisal Institute – 2010 Past Member---County of Maui, Board of Water Supply – 2008-2012 Past Member---State of Hawaii, Board of Land & Natural Resources – 2001-2006 Past President---International Right of Way Association (IRWA), Hawaii Chapter #30 - 2004 Past President---Maui County Council, Boy Scouts of America – 1987 EXPERIENCE AND EDUCATION Executive Vice President ACM Consultants, Inc. 2073 Wells Street Suite 100 Wailuku, Maui, Hawaii 97693 Previously associated with the following: Vice President - Alexander & Alexander, Ltd. - Maui Division – 1979-1982 Assistant Vice President - Honolulu Federal Savings & Loan Assn. – 1974-1979 Veteran - United States Air Force – 1967-1971 Educated: Maui High School and University of Hawaii SUCCESSFULLY COMPLETED THE FOLLOWING COURSES: Appraisal Institute – Valuation Bias and Fair Housing Laws and Regulations Course - 2026 Appraisal Institute – National Uniform Standards of Professional Appraisal Practice (USPAP) 2024-2025 Update Course – 2024 National Highway Institute – Course FHWA-NHI-141054, Practical Applications in Federal-Aid Highway Program Appraisals – 2023 Appraisal Institute – National Uniform Standards of Professional Appraisal Practice (USPAP) 2022-2023 Update Course – 2022 International Right of Way Association – Course 431, Problems in the Valuation of Partial Acquisitions, 2021 Appraisal Institute “National Uniform Appraisal Standards for Federal Land Acquisitions Yellow Book”) Practical Applications” - 2017 International Right of Way Association – Course 403, Easement Valuation – 2008 International Right of Way Association – Course 410, Reviewing Appraisals in Eminent Domain – 2008 International Right of Way Association – Course 401, The Appraisal of Partial Acquisitions – 2007 International Right of Way Association – Course 409, Integrating Appraisal Standards – 2005 Appraisal Institute – Course 400, Uniform Standards of Professional Appraisal Practice USPAP) – 2003 International Right of Way Association (IRWA) Course 214, Skills of Expert Testimony – 1988 Society of Real Estate Appraisers (SREA) Course 102 Examination, “Applied Residential Property Valuation” – 1982 Society of Real Estate Appraisers (SREA) “Narrative Demonstration Report” Examination - 1983 Society of Real Estate Appraisers (SREA) Course 101 Examination, “Introduction to Appraising Real Property” – 1979 Society of Real Estate Appraisers (SREA) “Narrative Demonstration Report” Examination, Wailuku, Maui, Hawaii - 1983 Society of Real Estate Appraisers (SREA) Course 101 Examination, Introduction to Appraising Real Property”, Honolulu, Hawaii – 1979 Qualifications 12 CONTINUING EDUCATION SEMINARS AND WORKSHOPS ATTENDED: Appraisal Institute “Practical Application of Fundamental Analysis” – 2025 Appraisal Institute “Artificial Intelligence, Blockchain, and the Metaverse: Implications for Valuation” – 2025 Appraisal Institute “Excel Applications for Valuation” – 2021 Appraisal Institute “Eminent Domain and Condemnation” – 2019 Appraisal Institute “Fundamentals of the Uniform Appraisal Standards for Federal Land Acquisitions” – 2019 Appraisal Institute “Solving Land Valuation Puzzles” – 2018 Appraisal Institute “Income Approach for Residential Appraisers” – 2016 Appraisal Institute “The Discounted Cash Flow Model” – 2015 Appraisal Institute “Complex Litigation Appraisal Case Studies” – 2014 The Seminar Group “Eminent Domain & Condemnation in Hawaii” - 2013 University of Hawaii/State of Hawaii Department of Transportation “Federal Highways (FHWA) Highway Noise Policy and Abatement Guidelines Workshop” - 2011 Appraisal Institute “Real Estate Finance, Statistics, and Valuation Modeling” - 2009 Lorman Education Services “Law of Easements: Legal Issues and Practical Considerations in Hawaii” – 2006 Lorman Education Services “Eminent Domain in Hawaii” – 2006 Appraisal Institute “Mini-Series on USPAP Issues” – 2006 International Right of Way Association (IRWA) “Uniform Act Symposium” - 2005 Lorman Education Services “Zoning and Land Use in Hawaii” – 2003 The American Society of Farm Managers & Rural Appraisers “Conservation Easements” – 2001 The American Society of Farm Managers & Rural Appraisers “Appraising Rural Residential Properties” - 2001 Appraisal Institute “Valuation of Detrimental Conditions in Real Estate” – 2000 Appraisal Institute “Case Studies in Residential Highest and Best Use” – 2000 Appraisal Institute “Advanced Sales Comparison Approach” - 2000 Appraisal Institute “Appraisal of Nonconforming Uses” – 2000 Appraisal Institute “Litigation Skills for the Appraiser: An Overview” - 1998 Appraisal Institute “Special Purpose Properties” - 1997 Appraisal Institute “Appraising for the Secondary Market” - 1996 Appraisal Institute “Residential Appraisal Review” - 1994 Appraisal Institute “Understanding Limited Appraisals and Appraisal Reporting Options” - 1994 Appraisal Institute “Accrued Depreciation” - 1992 Appraisal Institute “Market Analysis” – 1992 American Institute of Real Estate Appraisers (AIREA) “Easement Valuation” - 1990 Federal National Mortgage Association (FNMA) “Fannie Mae Appraisals” - 1990 Society of Real Estate Appraisers (SREA) “Federal Home Loan Bank Board Appraisal Standards” - 1989 Society of Real Estate Appraisers (SREA) “Uniform Small Residential Income Appraisal Report” - 1989 Society of Real Estate Appraisers (SREA) “Professional Practice” – 1988 Society of Real Estate Appraisers (SREA) “R-41c and the Appraiser” - 1987 American Institute of Real Estate Appraisers (AIREA) “R-41b and Subdivision Analysis” – 1985 Society of Real Estate Appraisers (SREA) “Creative Financing and Cash Equivalency” - 1983 Society of Real Estate Appraisers (SREA) “Appraising Single Family Residences” - 1983 International Right of Way Association (IRWA) “Condemnation” - 1982 Society of Real Estate Appraisers (SREA) “Application of Market Extraction’s” – 1981 LEGAL Qualified as an expert witness: First Circuit Court, Honolulu, Hawaii Second Circuit Court, Maui, Hawaii Third Circuit Court, Hawaii Island, Hawaii U.S. District Court, Honolulu, Hawaii U.S. Bankruptcy Court, Honolulu, Hawaii Experienced in real estate arbitration assignments in the State of Hawaii