On December 1, 65+ members & guests celebrated at the 2022 2022 J. Scott Robinson Installation Ceremony & Q4 Chapter Business Meeting held at the Foundation for the Carolinas in Charlotte.

Vanessa Hall, MAI gave her final address as the 2022 President and the 2023 officers were installed, including incoming President, Jim Lynch, MAI. Members mixed and mingled, enjoyed food and drinks and free professional headshots, and purchased raffle tickets to help raise money for the NC Chapter PAC – with Chris Johnson, MAI, SRA, AI-GRS, ASA winning the raffle drawing! PAC funds go towards the Chapter’s efforts to broaden our outreach and influence in Raleigh to advocate on behalf of appraisers, taking positions and working with legislators toward favorable results for the industry. The event also highlighted the most recent members who received designations in 2022 including Keith P. Bolte, Jr., MAI (MAI designation); Erica L. Butler, MAI (MAI designation); Eric L. Randall, SRA (SRA Designation); and Jamie L. Vogel, SRA (SRA Designation).

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Fellow NCAI Members,

As the year closes, the North Carolina Chapter of the Appraisal Institute celebrates a great 2022! I would like to start with some thanks: Thank you to the NCAI Executive Committee – Jim, Mike, Kelli, and the Board of Directors – your support has allowed me to implement new ideas to help benefit the Chapter. Thanks to all our Region V Representatives that made themselves available not just for the quarterly meetings, but also for several special meetings this year. Thank you to our Chapter Members. Thank you to Efird Appraisals for being an annual sponsor this year. And a final thank you goes out to Sandy Hower and THM for their excellence in executive management and administration.

Thank you to all those who attended the 2021 REVC and to our event sponsors and speakers. On September 2, attendees heard insights into market trends, challenges, highlights and developments in the commercial, retail, residential, office, industrial, healthcare, finance, and hospitality sectors. This year’s attendees raved about the conference and are already looking forward to next year!

A special Thank You to our conference sponsors for helping make this year’s event a success!

The Annual Sponsorship program was created to support and enrich our chapter while offering appraisal professionals and organizations an opportunity to participate in, and get more out of, our chapter activities and services. Thank you to Compstak and Colvin, Sutton, Winters & Associates, LLC for supporting the NC Chapter and championing the appraisal industry in North Carolina!

Compstak (Chairman level)

It is with great sadness that we report the passing of James (Jim) D. McNairy III, MAI, SRA of Greensboro, NC. Jim was a long standing and active member of the Appraisal institute, holding various leadership positions at the chapter and national levels. He was awarded the AI Volunteer of Distinction award for Region V in 2013. Jim served on the NC Chapter’s Executive Committee from 1996-2000 and was NC Chapter President in 2000. In addition, he served on a variety of national and chapter committees including AI’s Experience Screening Panel and the Piedmont Chapter’s Board of Directors in the early 1990’s. Jim and his wife, Jeanne McNairy, MAI, SRA, founded McNairy & Associates in 1978 to provide professional commercial and residential appraisal and consulting services in North Carolina.  

Arrangements are being handled by the Forbis and Dick Funeral Home. Our deepest sympathies go out to Jim’s family.

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Check out our committee webpage for more information about what committees are available and the interest form. In particular, the Chapter is seeking a volunteer to be the 2021 PAC Treasurer. Another way to get involved to is participate in our Sponsorship Program to gain year-round visibility while championing the industry in North Carolina.

We’d like to welcome to our newest members who joined in Q4.

• Charles Andrew Alvarez, Jr.
• Zackery Todd Barbee
• Mark R Boone
• Michael Oktavec
• William S. Overton, MAI
• Philip Graham Pruette

We’d like to welcome to our newest members who joined in Q3.

• Adam C. Watson
• M. Oniel Jessup, III
• Daniel S Ponce
• Eric L. Randall
• Heather L. Sutton
• Nirzarni A. Coston, MAI
• Jacob Quinton Palmer

Our last NCAI Connect featured Gerald Quattlebaum with Flagship Healthcare Properties who presented a comprehensive look into the healthcare real estate sector. He discussed the development and acquisition of healthcare properties as well as Flagship’s private REIT which has managed to maintain stability in the current economic climate. Private equity increased their share of buying medical office buildings (MOBs) compared with hospital/health systems, provider owners, and REITs. Gerald discussed cap rate trends for on and off campus properties which are holding steady in 2020. Portfolios are seen to be traded at a premium, and overall, pricing remains steady for MOBs. Of the top 50 active markets, Charlotte was third, following New York and LA.  The overall effects of COVID-19 do not appear to impact healthcare properties which are considered a ‘safe harbor’ but there are potential sale-leaseback opportunities if owners and investors decide “to dispose of capital-intensive real estate holdings.”

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The North Carolina Chapter of the Appraisal Institute (NCAI) has been informed that Jack C. (Cal) Morgan III, MAI, SRA, AI-GRS, has been appointed to the North Carolina Appraisal Board (NCAB) by Tim Moore, NC House Speaker. We congratulate Cal on his appointment, and we thank him for his willingness to be a leader in the appraisal industry. We wish you well in this endeavor, and we know you will continue to promote the highest standards for real estate appraisal practice in the protection of the public trust. 

Cal is a graduate of the College of Charleston, in Charleston, SC. He has over 20 years of experience in real estate appraisal, construction, and investment analysis. He is the owner of JC Morgan Company in Wilmington, NC, which provides appraisal services as well as consulting and litigation support services. Cal is also a NC licensed general contractor and NC real estate broker. He served on the NC Property Tax Commission from 2013 to 2017 and currently serves as the Chairman of the Wilmington Zoning Board of Adjustment. Cal lives in Wilmington with his wife Seanna and their three children.

Congratulations Cal!

Governor Roy Cooper announced yesterday that as trends move in the wrong direction, North Carolina will remain in Phase 2 for three more weeks. Executive Order 147 also requires face coverings in public and at various business settings where individuals cannot maintain a physical distance of six feet from others.

Construction sites are specifically included:

The below slate was presented by the North Carolina Chapter’s 2020 Nominating Committee comprised of: Sheri Colvin, MAI (Chair); Joel Tate, SRA; Don Read, MAI; Chesney Baker, MAI, AI-GRS; and David Pope, MAI, SRA.

It was approved as per regulation at the 2^nd Quarter 2020 Chapter Business Meeting held on June 11, 2020. 

North Carolina Appraisal Board’s (NCAB) Executive Director, Don Rodgers, and Deputy Director, Tom Lewis joined us on our NCAI Connect Webinar Series yesterday.

Don Rodgers gave an update on the changes to the leadership of the board, with Charles McGill stepping down as chairman and David Reitzel voted in as chairman. The board recently transitioned to the new appraiser standards and qualifications based on the AQB Standards, which are already having a positive impact on licensing. Highlighting the new online renewal system, Don commented that NCAB was pleased with the success of the new process and that most appraisers have utilized the process for renewal. NCAB is very supportive of the virtual learning platform (zoom, blue jeans, etc.) that has been utilized for USPAP courses and CE due to the COVID-19 pandemic. This hybrid classroom experience had not been contemplated by ASC or NCAB prior to the crisis, but with positive reactions from attendees, NCAB is supportive of considering its adoption. However, such adoption will first require approval from ASC, with a formal hearing and public commenting period, so it may be a while before it is adopted permanently. For now, it can be used until September 30, 2020.

It's with great sadness that we report the passing of George Harrison Keeling, father-in-law of NCAI member and 2016 AI President, Scott Robinson, MAI, SRA, AI-GRS, AI-RRS, of Salisbury, NC. Our deepest sympathies go out to Scott and George's family. 

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Are you interested in serving the NC Chapter (NCAI) as part of the leadership team for 2021?

The North Carolina Chapter Appraisal Institute's Nominating Committee will meet soon to nominate qualified chapter members for 2021 elected positions. Committee experience is a plus but not necessary.

NCAI has a new LinkedIn page! Be sure to follow us here to stay up-to-date with local, industry, and member news!

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On January 8, 2020, the Appraisal Institute honored Sheri Colvin, MAI, with the Volunteer of Distinction Award. The Appraisal Institute’s recognition program honors volunteers for their service to the Appraisal Institute, to the real estate valuation profession and to their local communities.

Sheri Colvin, MAI, has been appraising since 1994, and was the 2019 president of the North Carolina Chapter of the Appraisal Institute. She is a founder and principal with Colvin, Sutton, Winters and has been with the company since its inception in 2006. She is a graduate of the University of N.C. at Greensboro, holds an N.C. State Certified General appraiser license, an NC Real Estate Broker license, and the MAI designation from the Appraisal Institute. For the North Carolina chapter of the Appraisal Institute, she currently serves on the Executive Board as well as chairing and participating in various committees. Other associations include being a guest speaker for the 2013 annual CCIM Triad Market Forecast, former board member of the local chapter of CREW (Commercial Real Estate Women), former LDAC participant/chapter representative through the Appraisal Institute (Leadership Development and Advisory Council), and current member of TREBIC (Triad Real Estate & Building Industry Coalition).

2020 Kick-Off Letter from Chris Johnson, MAI, SRA, AI-GRS, ASA, 2020 NCAI President

Dear members,

I’m both honored and excited to lead our chapter for the coming year. I take very seriously the immense responsibility and trust that’s being extended to me. It is my belief that the role of each new president is not only to sustain the things the chapter is already doing well, but also to bring a fresh viewpoint to the table and execute new ideas that will set the stage for the ongoing success of the chapter for years to come.

Farewell Letter from Sheri Colvin, MAI, 2019 NCAI President

We have the opportunity to support three of our chapter members as they seek a position on the North Carolina Appraisal Board. There is no group more qualified to represent appraisers on the appraisal board than members from the North Carolina Chapter of the Appraisal Institute. Our organization has historically had members on the board. Please join in the effort to promote our organization on this vital regulatory board by supporting our members who have volunteered to be nominated to the board; Lynn Carmichael, MAI from the Asheville Area; Claire Aufrance, MAI, SRA from the Greensboro Area; and Joel Tate, SRA from the Raleigh/Wake Forest area. 

To support the chapter please click the button below to send the governor a supportive recommendation for these members.