QUALIFICATIONS OF ARTHUR E. GIMMY, MAI  
 
Certified General Real Estate Appraiser (California No. AG009703; Wyoming Certified Appraiser No. 415; 
Colorado No. CG 40013693; Nevada No. 04203; Michigan No. K739368; Oregon No. C000741;  
Texas No. TX-1331107-G and Washington No. 1101077) 
 
Background Information 
 
Graduate of University of California, Los Angeles, with B.S. degree in Business Education (1955) and M.Ed. degree in 
Education (1956). 
 
Instructor in Business Administration at San Jose State College (1956-58) and U.C.L.A. (1958-59). 
Instructor for the AIREA in the period 1972-75.   Speaker at numerous conferences. 
 
Engaged in real estate and business education, research, valuation, and litigation support since 1955.  Received Professional 
Recognition Award from the American Institute of real estate appraisers in 1975 and 1978.  President of Valuation 
Network, Inc. in 1985-86.   Received the George L. Schmutz Memorial Award from the Appraisal Institute in 1996 "in 
recognition of his special contribution to the advancement of appraisal knowledge." 
 
General Experience 
 
Real estate and business valuation experience includes economic, marketability and feasibility reports, highest and best use 
studies, and appraisal of intangibles.  Counseling to developers, entrepreneurs, owners, operators, and private investors 
regarding investment properties.  Litigation support services for of all types of property and enterprises throughout the 
United States, especially complex valuation issues. 
 
Major Publications 
 
Movie Theatres, Appraisal Institute, 1999 
Health Care Enterprises, Appraisal Institute, 1996 
Elderly Housing, Appraisal Institute, 1998. 
Golf Courses and Country Clubs, Appraisal Institute, 1992.  
Fitness, Racquet Sports and Spa Projects, American Institute of real estate appraisers, 1989. 
"Assigning Values to Management Contracts", Mergers and Acquisitions, January/February 1986. 
"The Doctor's Office - An Intimate Examination", The Appraisal Journal, October, 1975. 
"Appraisal of Tennis Clubs", Encyclopedia of Real Estate, 1978. 
The Ambulatory Surgery & Outpatient Services Manual (Chapter 15), 1997 
"Resort Analysis in Mexico," The Appraisal Journal, October, 1976 
 
Professional Associations  
Specialties 
 
Life Member, Appraisal Institute (Cert. #3719)  
Ranches/Conservation Easements 
Member, San Francisco Real Estate Board  
Senior Housing 
Member, Institute of Business Appraisers  
Healthcare Enterprises/Hospitals 
Member, American Planning Association  
Golf Courses & Private Clubs 
Member, International Racquet Sports Association  
Entertainment Venues/Theatres 
Member, National Golf Foundation 
Industrial/Special Purpose Plants 
 
Hotels and Resorts 
 Estates/Partial 
Interests 
 
Court Testimony 
 
Qualified and testified as an expert on real estate and business use and value since 1962 before Federal Courts (in 
California, Guam, Kentucky and Nevada), Public Utilities Commission, Tax Courts, and Superior Courts in San Francisco, 
Marin, San Mateo, Alameda, Santa Clara, Orange, Sacramento, San Diego, Fresno, Los Angeles, Contra Costa, Stanislaus, 
San Joaquin, Butte, Merced, Santa Barbara, Riverside, San Bernardino, Sonoma, and Yolo Counties in California, Pima 
County in Arizona and others.  Superior Court appointed referee in 1972. 
 
Appraisal Institute Committees 
 
Appraisal Journal Board (1999-2002) 
Body of Knowledge (1999-2002)