MEETINGS & EVENTS

8:00 – 8:20 am Registration and coffee/muffins

8:20  – 8:30 am Welcome

8:30 –  9:30 am What’s New in the Appraisal Industry?

Michael J. Acquaro-Mignogna, MAI, AI-GRS

As incoming Vice President of the Appraisal Institute, Mr. Mignona will discuss new topics concerning the Appraisal Industry. In exploring these topics, Mr. Mignona will discuss how the appraisal industry and valuation professionals alike are addressing these topics and how it is acceptable to consider them when performing real estate valuations.

9:30 – 10:30 am  The State of the Economy

 James Hughes, PHD

Mr. Hughes is a university professor and dean emeritus of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. Mr. Hughes will discuss the state of the economy and outlook for 2024 and beyond. This session will discuss critical issues for the regional economy and how those issues may affect real estate valuations.

 

10:30 – 12:00 pm  The Meadowlands: The Road to the World Cup

Jim Kirkos

As president of the Meadowlands Chamber of Commerce, Jim Kirkos will discuss economic development in the Meadowlands Region of Northern New Jersey. Highlighting the plans that helped the Meadowlands land the site of the World Cup finals in 2026.

 

12:00 – 1:00 pm Lunch

1:00 – 3:30    Real Estate Market Relay

Paul Kim, Julie Gralla, Jason Marzano, Mike Lombardi, W. Joshua Levering

This Session will discuss the current state of New Jersey’s Residential, Multifamily, Industrial, Retail and Office Markets. This session will be a “Relay” of market experts who will present their propoperty type of expertise, followed by interactive questions and answers. Our market experts will discuss trends and expectations that are pertinent to real estate professionals and necessary to estimate market values in the current economic environment.  This presentation will focus on the forces driving real estate valued, including supply and demand trends, pricing and CAP rates. Development activity and trends impacting values within the “The Meadowlands” and the NY/NJ Metropolitan region will also be examined.

 

3:30 pm – 4:30 pm            The Revitalization of Hackensack

Presenting:              Albert Dib

As director of redevelopment and economic development for the City of Hackensack, Albert Dib will discuss how he helped drive the revitalization of the City of Hackensack. Mr. Dib will discuss new developments throughout the City of Hackensack and how the revitalization will affect the City’s  economy and real estate values.

Early Registration Fee: $225 Appraisal Institute members, $245 non-members

Registration April 18 or later: $250 Appraisal Institute members, $270 non-members

 

There will be a cancellation fee of $25 after registration

Cancellations April 24 or after will not be refunded.

CE:

AI: 35 points, NJ, NY, Tax Assessor – pending

 

Instructor: Lynn Clark, Head of Customer Success at Rockport Val

This 2-hour seminar will delve into discounted cash flow modeling and its relevance in real estate appraisal.  The course will be instructed by the Head of Customer Success at Rockport Val, who will guide attendees through Rockport Val’s innovative cash flow software.  The course will specifically discuss how to address basic discounted mode navigation, fixed vs. variable income and expense considerations, different rent roll/lease structures, rollover leasing assumptions, growth assumptions, and considerations with adjusting the NOI to consider the DCF vs. direct capitalization approaches to value.  The course will also discuss different ways to report cash flow models and how readers can interpret it.  The course will include a case study to bring all covered aspects together in a live valuation scenario.

A VAL Certification will be presented to all participants who successfully complete the course training, along with a complimentary VAL trial license.  Participants will be required to bring their own laptop.

 

The course will be followed by 2 hours of TopGolf, dinner and beverages.

 

This course is sponsored by Rockport Val and will be free to all those who attend.

Credits: 10 Points AI, 2 credits NJ

Instructor: Joseph Palumbo, SRA

Topic: In April 2015, the NJ State Appraisal Board passed a regulation that requires all licensees take a mandatory 2-hour course starting in the 2016-2017 cycle. This course is part of the 28-hour requirement for continuing education every two years and it provides clarity around the Real Estate Appraisers Act passed in 1991.

• Provide general information about the law and regulations
• Provide some information about licensing on a national and local level
• Understand how NJ State Appraisal Board works
• Explore misunderstood areas of Laws and Regulations
• Discuss commonly found errors and issues (appraisals)
• Provide reference sources and information for licensees

 

Virtual Meeting Participation Guidelines: Students must have webcam/iphone/ipad/smartphone capability to participate and receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering three days prior to the offering start date. ZOOM access link will be emailed to student prior to the offering in separate email from registration confirmation. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone please download the ZOOM app prior to offering. Please check your webcam privacy settings on your computer.