Join us for the Spring Summit 2026 at the CDOT Facility in Denver, CO!

This will be a full day event.  8am - 5pm. Register Today!

Schedule for the day:

AM Session Tarmacs and Trailer Parks will run 8am - 12pm - Register HERE

Lunch and Membership Meeting 12pm - 1pm: Register HERE

PM Session Residential Valuation and Complexities Case Studies will run 1pm - 5pm Register HERE

Or BUNDLE AND SAVE! Click HERE

Course Descriptions: 

Tarmacs and Trailer Parks: 

Part 1 (Aviation real estate): Covers how airport classification (major vs. minor) drives demand, constraints and

valuation, the main on-airport property types (hangars, FBO, cargo/industrial, and select non-aviation uses), who

invests in these assets, what drives development cost and timing, how to think about “good” lease rates, and how ground

leases and lender/valuation perspectives (leasehold vs. fee) translate into value—ending with current aviation

investment trends (notably hangar shortages and consolidation). Part 2 (Manufactured Home Communities): Provides an

industry overview and demand drivers, regulatory and zoning constraints, community types and physical/infrastructure

considerations, housing stock nuances (including financing implications), revenue/expense structures and normalization,

primary valuation methods (income cap and DCF, plus sales comparison and limited cost), advanced topics (infill, rent

control risk, underwriting trends), common valuation pitfalls, and a short valuation case-study discussion. Overall,

both parts are intended to help appraisers understand general valuation considerations and pitfalls associated with

these specialty asset types.

Residential Valuation and Complexities Case Studies

This session walks appraisers through analyzing and communicating potential stigma and diminution in value (DIV) in

complex assignments—especially those involving easements, access changes, external influences, and conservation

constraints. It starts with the foundational appraisal framework (hypothetical conditions, extraordinary assumptions,

and a clearly defined scope of work geared to litigation users), then moves into a practical workflow: intake

conversations, engagement terms, inspection focus, deep-dive subject research, comparable selection from an unimpaired

value baseline, and methods to adjust for constrained property rights and related costs. The course also connects these

issues to land development and entitlements, planning/regulatory systems, recorded requirements, and appraisal standards

(USPAP), ending with how to recognize situations where DIV is not supported.