QUALIFICATIONS  OF THOMAS P. GALLUP, MAI

GENERAL

August 1991 - Present

Principal and Senior Review Appraiser

Evaluation and Review Associates, Inc. - Olney, MD

·    Appraising all types of income-producing real estate including office buildings, shopping centers, commercial/industrial buildings and unimproved land.

·    Clients include National and State Chartered Banks, Institutional Investors, Federal, State and Local Government Agencies and Private Investors.

PROFESSIONAL AFFILIATIONS – PAST AND PRESENT

Member of the Appraisal Institute (MAI) No. 11768

Member of the Board of Directors of the Appraisal Institute - Washington, D.C. Chapter

Member of the Robert Morris Associates - Potomac Chapter

Member of the Washington Area Self Storage Association

Member of the Greater Washington Board of Trade

Member of the Maryland-National Capital  Building Industry Association

PROFESSIONAL CERTIFICATIONS

Certified General Real Estate Appraiser - State of Maryland (License #04-5908)

Certified General Real Estate Appraiser - Washington, D.C. (License #GA 10241)

Certified General Real Estate Appraiser - Commonwealth of Virginia (License #4001 002511)

GENERAL EDUCATION

The American University - Washington, D.C.

  Kogod College of Business Administration

    M.S. - Finance, December 1986

The Pennsylvania State University - University Park, PA

  College of Health and Human Development

    M.S - Facilities Management, March 1981

The Pennsylvania State University - University Park, PA

  College of  Health and Human Development

    B.S. - Liberal Arts, June 1979

PROFESSIONAL EDUCATION

The Appraisal Institute  (Continuing Education Certified Through August 2010)

  Real Estate Appraisal Principles

  Real Estate Appraisal Procedures

  Report Writing                                                                                                                   

  Highest and Best Use and Market Analysis                                                

  Capitalization Techniques (Part A and Part B)                                                                                          

  Advanced Applications (Formerly Case Studies)                                                                                       

  Standards of Professional Appraisal Practice                             

  Understanding Limited Appraisals and Appraisal Reporting Options

  Separating Real Property From Intangible Business Assets     

  Appraising From Blueprints And Specs

  Appraising Partial Interests 
  Analyzing Distressed Properties
  Appraising Convenience Stores 
  GIS Applications For Real Estate Appraisal
  Case Studies In Highest And Best Use           

Mortgage Bankers Association:  Introduction to Construction Lending                 

Mortgage Bankers Association:  Income Property Finance I                                    

AIB/ABA:  Commercial Lending School                                                                      

RMA-OMEGA:  Commercial Loans to Business         

PROFESSIONAL EXPERIENCE

June 1992 - January 1997

Vice President and Examiner-In-Charge - Credit Review Division

NationsBank - Baltimore, MD

January 1994 - December 1995

Associate Appraiser

Libeg, Moroney & Associates, Inc. - Rockville, MD

January 1990 - December 1993

Associate Appraiser

Philip R. Lamb & Co. - Silver Spring, MD

March 1988 - May 1992

Senior Vice President and Senior Lending Officer

Metropolitan Bank, N.A. - Washington, D.C.

June 1987 - March 1988

Director of Financial Operations

Benco Enterprises, LTD. - Bethesda, MD

1983 - May 1987

Assistant Vice President

First American Bank of Maryland - Silver Spring, MD

REPRESENTATIVE  APPRAISAL CLIENTS

National and State Charter Banks, Savings Banks and Thrifts, Institutional Investors, Federal and Local Government Agencies, Attorneys and Private Investors

REPRESENTATIVE TYPES OF PROPERTY APPRAISED

Office Buildings                                  Shopping Centers                                Retail Buildings

Vacant Land                                        Industrial Buildings                             Self Storage Facilities

Apartment Projects                            Mixed-Use Projects                             Warehouse Condominiums

Churches                                             Subdivision Development                  Office Condominiums

Service Stations

OTHER

Gallup, Thomas P. "Lending Lessons Learned During Recessions Don't Change With Time" Commercial Lending Newsletter, July 1992, Robert Morris Associates. Philadelphia, PA.

Gallup, Thomas P. "Two Approaches to Valuing Contaminated Real Estate" Commercial Lending Newsletter, June 1996, Robert Morris Associates. Philadelphia, PA.

Gallup, Thomas P. "An Appraisal Update - Questions and Answers for Users of Appraisals and Evaluations" Prime Interest, Summer 1997, Robert Morris Associates. Charlottesville, VA.

Panelist  Loan Review Providers Roundtable  Maryland National Capital Area Field Office – Comptroller of the Currency (Washington, D.C.), September 2001.

Qualified As Expert Witness: Superior Court of the District of Columbia

Qualified As Expert Witness: United States Bankruptcy Court for the District of Columbia