John A. Kilpatrick

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Dr. John A. Kilpatrick (born on January 7, 1954, Portsmouth, Virginia) is a business executive and author in the real estate field. He is President and CEO of Greenfield Advisors, the author of four books on real estate development, and a frequent public speaker and contributor to scholarly journals. He is also one of the few nationally certified Appraisal Standards instructors in the United States and serves as a Visiting Scholar in real estate at the Zicklin School of Business, Baruch College, City University of New York[1].

Dr. Kilpatrick holds a Ph.D. in Real Estate Finance from the Moore School of Business at the University of South Carolina. Prior to graduate school, Kilpatrick was an executive on Wall Street (Dean Witter Reynolds) and in the real estate development field (The Shumaker Companies). While a graduate student, he produced Financing Development and Construction in the 90's[2], the first of four books on real estate finance, published by the National Association of Homebuilders and based on his experiences during and after the Savings and Loan crisis of the late 1980's. The book lead to a series of three more books, numerous journal articles, and a lecture series in the Moore School's Daniel Management Center.

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[edit] The South Carolina Supercomputer Network

While a graduate student, Kilpatrick also served as Assistant to the University's Senior Vice President for Research, coordinating multi-disciplinary and multi-instituional research projects. This led to Kilpatrick's participation in a number of initiatives, including the formation of the South Carolina Supercomputer Network in 1994. The six-university consortium formed to fund the network invited Kilpatrick to stay on and serve as its first adminisrator (1994-96). As a result of this, he also helped form the Academic Coalition for Intelligent Manufacturing Systems in Washington, DC, and served as its first secretary/treasurer (1995-96).

[edit] Real Estate Valuation

After leaving the supercomputer network in 1996, Kilpatrick returned to the Moore School of Business as a full-time researcher and Lecturer in Real Estate Finance. He contributed significant improvements to school's undergraduate program in real estate, adding courses in appraisal and market analysis. During this period, he was approached by the S. C. Department of Archives and History to explore the real estate valuation aspects of historic district designation. Kilpatrick authored a series of studies funded by various historic preservation groups concerning the real estate impacts in nine communities in South Carolina, demonstrating the application of various real estate appraisal and other valution tools for exploring the topic. His research led to a 1998 address before the annual meeting of the National Trust for Historic Preservation and a 2000 monograph, published in his honor, by the National Park Service and the S.C. Department of Archives and History[3]. Kilpatrick's research in this field has been featured in numerous magazine and newspaper articles throughout the U.S., including the Wall Street Journal, the Boston Globe, and the New York Times.

During this period, Kilpatrick produced his fourth book on real estate finance, Subdivision Development, published by the Realtors Land Institute of the National Association of Realtors. This brought him to the attention of Greenfield Advisors, a Seattle-based real estate advisory firm specializing in complex valuation models, litigation support, and wealth management services. Kilpatrick accepted a position as Senior Analyst with Greenfield in 1998, and assumed the helm as President and CEO in 2001.

[edit] Brownfield Valuation

Greenfield had emerged as one of the nation's leading resources for valution of Brownfields, which are industrial or other contaminated properties with complicated redevelopment, regulatory, or litigation problems. Dr. Bill Mundy, Greenfield's founder, had previously authored a widely-cited series of articles on the valuation of contaminated real estate, including three 1992 studies summarizing his experiences with the Exxon Valdez oil spill case. One of those three studies was honored by the Appraisal Institute in 2007 as one of the nine leading thought pieces in the history of the appraisal profession[4]. In 2003, Drs. Kilpatrick and Mundy were invited to develop the standards for valution of contaminated property for the Japan Real Estate Institute[5].

This led to their writing the chapter, "Valuation of Contaminated Property" in When Bad Things Happen to Good property[6]. As a result of this, Dr. Kilpatrick was asked to write Chapter 29, "Valuation of Brownfield Properties", for the four-volume guide, Brownfield Law and Practice, [7].

In addition, in 2003 Dr. Kilpatrick became one of the first real estate appraisers in the U.S. to be designated as a Nationally Certified Appraisal Standards Instructor by The Appraisal Foundation in recognition of his scholarship in real estate appraisal methods and techniques. He also serves on the Publications Review Board of the Appraisal Institute and has been designated as a Member of the Faculty of Valuation of the Royal Institution of Chartered Surveyors (RICS). Dr. Kilpatrick also serves as an officer of the Real Estate Counseling Group of America[8] and is a Fellow of the American Real Estate Society[9].

[edit] Personal Notes

Dr. Kilpatrick is married to the former Lynnda Peterson, and lives with his four children in the suburbs of Seattle, Washington. He is active in the Seattle Rotary Club, the Rainier Club, the Washington Athletic Club, and numerous other civic and charitable organizations. An Episcopalian, he serves as a delegate to the General Convention of the Diocese of Olympia. He is also a private pilot and active in the Aircraft Owners and Pilots Association (AOPA). He served from 2005 - 2007 on the International Bridge of the International Yachting Fellowship of Rotarians. In 2008-2009, he will serve as the Commodore of the Seattle Rotary Mariners.

[edit] References

  1. ^ Visiting Scholars : Zicklin School Of Business - Baruch College - CUNY
  2. ^ Amazon.com: Financing Development and Construction in the 90's: Books: John A. Kilpatrick
  3. ^ Historic Preservation is Good for Your Pocketbook
  4. ^ The Impact of Hazardous and Toxic Materials on Property Values: Revisited
  5. ^ Journal of the Japan Real Estate Institute
  6. ^ http://www.elistore.org/books_detail.asp?ID=11140, Washington DC: Environmental Law Institute, 2006
  7. ^ http://bookstore.lexis.com/bookstore/product/10737t.html Published by LexisNexis Matthew Bender
  8. ^ RECGA.com
  9. ^ American Real Estate Society official website

[edit] External links