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

FORMAL EDUCATION

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

RECENT PROFESSIONAL EDUCATION

2017

  • Appraisal of Assisted Living Facilities by McKissock

2016

  •  7-hour National USPAP by the Appraisal Institute
  • Business Practices and Ethics by the Appraisal Institute
  • Supervisor-Trainee Course by McKissock
  • Marshall & Swift Commercial Cost Approach Certification by CoreLogic

2015

  • Small Hotel/Motel Valuation by the Appraisal Institute
  • 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

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

Acquisition Sciences, Ltd

Allstate Appraisal, L.P.

Amphi Unified School District

Canyon Community Bank

City of Tucson

Colliers International

Community Food Bank

Commerce Bank of Arizona

Consultant Engineering, Inc.

Cushman & Wakefield Global Services, Inc.

First Citizens Bank

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.

Ocwen Financial Corporation

PCV/Murcor Real Estate Services

Pima County

Property Sciences Group, Inc.

Rusing Lopez & Lizardi, PLLC

Salt River Pima-Maricopa Indian Community

Salt River Materials Group

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.