David F. Davis, MAI

David F. Davis, MAI




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02/86 - Present
Independent Real Estate Appraiser and Consultant.  President, D.F. Davis Real Estate, Inc., specializing in appraisals of proposed construction and development projects, office, R&D, industrial, retail, biotechnology properties and land.

06/84 - 01/86
Vice President, Diversified Equity Investments, Inc., a real estate development firm.
Specialized in acquisitions, construction, leasing and property management.

06/83 - 05/84
Appraisal Officer, Wells Fargo Real Estate Industries Group. Specialized in major
proposed commercial and residential projects.

10/77 - 05/83
Union Bank - Appraisal Officer. Similar experience to Wells Fargo.

05/76 - 10/77
F.M. Tarbell Company, residential real estate sales.

San Diego State University, B.S. Degree in Business Administration with an emphasis in Real Estate, 1977.

Appraisal Institute - Courses and Seminars:


Course Titles

2012 San Diego Economic Forecast (organizer and moderator); Timely Appraisal Topics – Niche Areas of Practice; 7 Hour National USPAP Update Course
2011 San Diego Economic Forecast (organizer and moderator); Loss Prevention Seminar For Real Estate Appraisers; Appraising for the IRS, What You Need to Know; San Diego Housing Seminar; Appraisal Curriculum Overview-General
2010 San Diego Economic Forecast (organizer and moderator); San Diego Apartment & Housing Seminar; Unique Assignments in Real Estate Appraisal (presenter); IRS Valuation Summit
2009 San Diego Economic Forecast (organizer and moderator); Residential Housing Seminar
2008 San Diego Economic Forecast (organizer and moderator); 7-Hour National USPAP Course; Business Practices and Ethics
2007 San Diego Economic Forecast (organizer and moderator)


San Diego Economic Forecast (organizer and moderator); 7-Hour National USPAP Update Course; Operating Expense Seminar

2005 San Diego Economic Forecast (organizer and moderator); San Diego Apartment and Housing Seminar; Luxury Home Trends in San Diego; Reappraising, Readdressing, Reassigning
2004 Applying Economic Forecasts Update; Valuation of Unique Properties Seminar; Unleash the MLS; Business Practices and Ethics; Operating Expense Seminar; Advanced Appraisal Refresher; 7-Hour National USPAP Update Course; San Diego Apartment & Housing Seminar


Evaluating Commercial Construction


Emerging Demands on R&D and Office; The Environmental Scan; Applying Economic Forecasts Update


Applying Economic Forecasts - Update; Gramm-Leach-Bliley Act; Mid-Year San Diego Economic Forecast


Applying Economic Forecasts - Update


Operating Expense Seminar - What Does It Cost To Operate That Building?


Standards of Professional Practice, Part C; Valuation of Detrimental Conditions in Real Estate


Apartment Seminar Update; An Overview of the FHA HUD 203(k) Program; Property Profile of Operating Expense


Market Analysis from the Buyer’s Viewpoint; Attorneys, Appraisers and Real Estate; Changing Markets and New Research Methods; Property Profile of Operating Expense; The Appraiser Wears the Contractor Hat; Blueprint Reading; Affordable Housing Rules, Regulations; Environmental Issues Past, Present and Future; Applying Economic Forecasts


Marketing Your Appraisal Services Effectively; Federal and State Laws and Regulations Workshop


Understanding Limited Appraisals and Appraisal Reporting Options - General; Fair Lending and the Appraiser; How to Verify Market Data


Basic Income Capitalization; Standards of Professional Practice Parts A and B; Impact of Hazardous Substances on Real Estate; Residential Subdivision Seminar

American Institute of Real Estate Appraisers - Courses and Seminars:


Course Titles


Residential Valuation; Standards of Professional Practice


Standards of Professional Practice Update; Discounted Cash Flow Analysis


Litigation Valuation; Industrial Valuation


FHLBB R41b Requirements


Subdivision Analysis


Financial Calculator HP 38E/12C; Cash Flow Analysis


Standards of Professional Practice; Litigation Valuation


Case Studies in Real Estate Valuation; Real Estate Analysis and Report Writing

Society of Real Estate Appraisers and Appraisal Institute - Courses and Seminars:


Course Titles


Applied Income Property Valuation


Cash Equivalency Analysis


Principles of Residential Appraisal; Principles of Income Property Appraisal


MAI Designation:
Appraisal Institute, formerly the American Institute of Real Estate Appraisers,
Certificate No. 6892 (since 1984)

State Certification:
California Certified General Real Estate Appraiser - State of California - Certificate
No. AG002752, expires August 14, 2012

Admissions Committee: American Institute of Real Estate Appraisers 1985-87; Vice Chairman, 1988; Chairman, 1989 and 1990; Appraisal Institute 1991-1996, Admissions Coordinator, General Appraisal category, 1991

Appraisal Institute:
San Diego Chapter:
1991 Member, Board of Directors
1992 Treasurer and Member, Board of Directors
1993 Secretary and Member, Board of Directors
1994 Second Vice President and Member, Board of Directors
1995 First Vice President and Member, Board of Directors
1996 President and Member, Board of Directors
1997 Past President and Member, Board of Directors
1997-Present   Golf Tournament Organizer (the tournament funds a college scholarship program)
2001-2008 Member, Board of Directors
2004-Present   College Scholarship Program Chairman
2005 Honored for outstanding service
2010 President, Volunteer of Distinction (May) and member, Board of Directors
2011 Immediate Past President and Member, Board of Directors

San Diego Board of Realtors:
Affiliate member 1984-1989, Realtor member since 1989

Real Estate Broker:
Licensed in the State of California since 1978 (held salesman license 1976-1977)

Expert Witness:
Qualified in San Diego Superior and Municipal Courts and U.S. Bankruptcy Court (San Diego
and Orange Counties)

Advisory Committee:
Member, University of San Diego Real Estate Institute Commercial Real Estate,
now Burnham-Moores Center for Real Estate, Advisory Committee since 2001

College Professor:
Adjunct professor, University of San Diego (Business 328 Commercial Real Estate Valuation) January 2006 through May 2011; Masters of Science in Real Estate (MSRE 508 Commercial Real Estate Valuation) January 2007 through May 2011

Guest lecturer, San Diego State University (Business Finance 435 Class) September 2011

Guest lecturer, San Diego State University (Business Finance 437 Real Estate Development Class) September 2012

Industry Resource:
NAIOP University Challenge Case Study Competition – Industry Resource Appraisal Consultant 2011, 2012

Biotechnology Specialty:
Over the past 24 years, David F. Davis has completed 286 appraisals or consulting assignments (as of October 2012) on scientific research facilities including biotechnology wet laboratory or related properties (with manufacturing) and land in San Diego, Carlsbad, Emeryville, Orange County and the San Francisco Bay Area of California and Seattle, Washington.  Other consultation assignments have been completed for properties located in Minnesota, Ohio, Texas, North Carolina and Alabama

Service Organizations:
Member, La Jolla Golden Triangle Rotary Club since October 2008





Provide expert right-of-way analysis for governmental agencies.  Senior right-of-way duties include; land sales, acquisitions, appraisals, quitclaims, legal descriptions, and coordinating environmental permits. 

Property sale, leasing, acquisition, and appraisal of right-of-way including: complex properties such as Mount Soledad Cross, special use public facilities such as water reclamation plants, vernal pools, airports, telecommunication facilities and regional parks, commercial and industrial buildings, service stations, and various fractional interests such as easements, leases, and full and part-take acquisitions for purposes of eminent domain.   Professional compliance with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute, the Uniform Standards of Appraisal Practice, the California Code of Civil Procedure, and the Federal Highway Administration.  

·    2011- Present   Consulting with D. F. Davis Real Estate, Inc. 

·    2007-2011       Senior Right of Way Agent/Environmental Analyst, Helix Water District.

·    1984-2007       Property Agent, City of San Diego Real Estate Department.  


Certified General Real Estate Appraiser, State of California (OREA Appraiser No.  AG023977)

Notary Public of the State of California (Commission Number 1768753)

Salesperson License, State of California (00769747)


MAI, Designated Member, Appraisal Institute

SR/WA, Senior Right of Way Agent,  R/W EC Environmental Designation, Past President, and Professional of the Year, International Right Way Association  


Superior Court, San Diego County , California .


Master of Public Administration, San Diego State University , San Diego , CA  

Bachelor of Arts Degree-Political Science University of California San Diego , CA  

Appraisal Institute and International Right of Way Courses  

Advance Sales Comparison and Cost Approach Comparison

Advanced Highest and Best Use and Market Analysis

Appraisal Curriculum Overview

Appraisal of Partial Acquisitions

Bargaining Negotiations

Basic Appraisal Principles, Methods & Techniques

Business Practices and Ethics

Capitalization Theory & Techniques, Parts A & B

Case Studies in Real Estate Valuation

Comprehensive Exam  

Computer Plotting of Legal Descriptions

Condemnation Valuation

Conflict Management

Easement Valuation

Eminent Domain Hot Topics    

Eminent Domain Law Basics


Environmental Contamination Valuation

Evaluating Residential Construction

Four Final Exams (Law, Engineering, Negotiations, Appraisal)

Hot Topics Residential Appraising

Income Capitalization Approach to Valuation

Introduction to Environmental Valuation Issues

Legal Aspects of Easements     

Project Management/ Environmental

Property Descriptions                                      

Real Estate Appraisal Principles

Report Writing and Valuation Analysis

Residential Valuation

Separating Real and Personal Property from Intangible Business Assets

Significant Eminent Domain Cases Update

Skills of Expert Testimony        

Uniform Standards for Federal Land Acquisitions

Uniform Standards of Professional Appraisal Practice, A, B & C.

Unique Assignments in Real Estate Appraisal

Vineyard Valuation

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