Qualifications of Ajay S. Madhvani, MAI

State of Arizona Certified General Real Estate Appraiser, Certificate #31501
State of New Mexico Certified General Real Estate Appraiser, Certificate #02802-G
State of Utah Certified General Real Estate Appraiser, Certificate #6561803-CG00

PROFESSIONAL EXPERIENCE
2011 – Current AM Valuation Services, Owner
2004 – 2011 AXIA Real Estate Appraisers (formerly KB), as Commercial Staff Appraiser

PROFESSIONAL AFFILIATIONS AND MEMBERSHIPS
Member of the Appraisal Institute (MAI)
Licensed Real Estate Agent, State of Arizona
Mentor Kids USA, Volunteer

FORMAL EDUCATION
Bachelor of Science in Business Administration with double major in Finance and
Business Management, University of Arizona, Tucson, Arizona, 2003

PROFESSIONAL EDUCATION

  • 2015 – Rates and Ratios: Making Sense of GIMs, OARs, and DCF by the Appraisal Institute
    – Subdivision Valuation by the Appraisal Institute
  • 2014 – Introduction to Green Buildings: Principles & Concepts by the Appraisal Institute
    – Comparative Analysis by the Appraisal Institute
    – 7-hour National USPAP by the Appraisal Institute
  • 2013 –  Forecasting Revenue by the Appraisal Institute
  • 2012 – Appraising the Appraisal: Appraisal Review-General by the Appraisal Institute
    – 7-hour National USPAP Update by the Appraisal Institute
  • 2011 –  Appraisal Curriculum Overview by the Appraisal Institute
    – Litigation Appraising: Specialized Topics and Applications by the Appraisal      Institute
    – Business Practices and Ethics by the Appraisal Institute
  • 2010  –  7-hour National USPAP Update by the Appraisal Institute
    – 15-hour Federal Agency Update by the International Right of Way Association and Appraisal Institute
    – Condemnation Appraising: Principles and Applications by the Appraisal Institute
  • 2008 –  7-hour National USPAP Update by the Appraisal Institute
    – Advanced Income Capitalization by the Appraisal Institute
    – Advanced General Applications by the Appraisal Institute
    – Business Practices and Ethics by the Appraisal Institute
    – 14-hour National USPAP by the Arizona School of Real Estate
  • 2007 – Report Writing and Valuation Analysis by the Appraisal Institute
    – Highest and Best Use by the Appraisal Institute
    – Advanced Sales Comparison and Cost Approaches by the Appraisal Institute
  • 2006 – Uniform Appraisal Standards for Federal Land Acquisitions “Yellow Book Seminar” by the Appraisal Institute
  • 2005 – General Applications by the Appraisal Institute
    – Basic Income Capitalization by the Appraisal Institute
    – Basic Appraisal Procedures by Pima Community College

APPRAISAL EXPERIENCE/SCOPE OF PRACTICE

  • Clientele includes private individuals, corporate organizations, financial institutions, and governmental agencies.
  • Appraisal assignments include business site leases, vacant land, subdivisions, office buildings, retail buildings, service stations, industrial buildings, mobile home parks, as well as numerous special use properties.
  • Experience in preparation of reports for conventional lending, SBA, litigation work, eminent domain work, consultations and appraisal reviews.
  • Appraisal assignments have been completed in Apache, Cochise, Pima, Coconino, Maricopa, Navajo, Pinal, Santa Cruz, and Yavapai Counties within the state of Arizona, as well as McKinley, Cibola, San Juan, Sandoval and Socorro Counties in the state of New Mexico.

COMPLETED WORK AND APPRAISED FOR

Allstate Appraisal, L.P.
Amphi Unified School District
City of Tucson
Colliers International
Commerce Bank of Arizona
Grand Point Bank
Great Western Bank
LookingGlass Appraisal Management Systems
National Bank of Arizona
Navajo Nation Shopping Centers, Inc.
Navajo Nation, Division of Economic Dev.
PCV/Murcor Real Estate Services
Property Sciences Group, Inc.
Rusing Lopex & Lizardi, PLLC
Salt River Pima-Maricopa Indian Community
Snell & Wilmer L.L.P.
US Dept of the Interior Off. of Special Trustee
Washington Federal Savings
Wells Fargo Bank
Zions First National Bank

2030 E. Speedway Boulevard
Suite 114
Tucson, AZ 85719

To learn more or get an estimate for services, please contact AM Valuation Services at 520-441-9030 or info@amvaluation.com.