Conference Plenary Sessions

Tuesday, September 25
8:00 – 9:00 am

The Research and Findings of IAAO’s Big Box Task Force

This plenary will feature a panel presentation by members of the IAAO Big Box Task Force. The session will walk the audience through the findings of the recently developed IAAO position paper focusing on the key elements that assessment officials consider when addressing the challenges of Big Box store valuation. This Task Force was overseen by the IAAO Research Subcommittee.

Led by Paul Welcome, CAE, FRICS, ASA, RMA, County Appraiser, Johnson County, KS, Chair of the Big Box Task Force, the panel includes: 
Mark T. Kenney, MAI, SRPA, MRICS, MBA, American Valuation Group, Inc.
Peter Korpacz, MAI, CRE, FRICS, Korpacz Realty Advisors, Inc.
Thomas W. (Tom) Hamilton, PhD, MAI, CRE, FRICS, Roosevelt University, Chicago School of Real Estate and Karvel-Hamilton Real Estate Analytics
William Shepherd, Esq. CFE, Hillsborough County, FL
Irene E. Sokoloff, CAE, MAI, Palm Beach County, FL

Wednesday, September 26
8:00 – 9:00 am

Valuing the Las Vegas “Strip” – The Challenges & Limitations 
This presentation will illustrate some of the unique challenges and limitations in valuing the Las Vegas “Strip” including Marshall & Swift Occupancy limitations, Cost Rankings & Occupancy challenges. It will also highlight many of the challenges involved with the iconic tourist attractions with regards to Real Property vs. Personal Property e.g. High Roller, Eiffel Tower, Grand Canal Shoppes. There will also be an interactive audience participation segment with “prizes.”

The panel from the Clark County, Nevada Assessor's Office are Jill M. Wood; Carolanne Doherty, MAI; Collette R. Black; and Amy Mills.

Wednesday, September 26
9:15 – 10:15 am

Valuation of Underperforming Malls

Peter Korpacz, MAI, CRE, FRICS, Korpacz Realty Advisors, Inc.
This plenary will present a detailed treatise on the valuation of underperforming regional malls to include mall classification criteria, analysis of historical performance metrics, identification of and analysis of comparable sales and consideration and ranking of approaches to value, valuation methods, and techniques.  Useful data analysis formats will be presented for use in actual valuation assignments.

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