Kirk Sagouspé, ARA

Statement of Qualifications

Mr. Kirk Sagouspé has been in the real estate appraisal business in Fresno for the past sixteen years. He is currently an independent appraiser associated with Correia - Xavier, Incorporated, an independent real estate appraisal firm specializing in the appraisal of agricultural properties. Mr. Sagouspé holds the professional designation of Accredited Rural Appraiser, ARA, the highest appraisal designation of the American Society of Farm Managers and Rural Appraisers. The ARA designation is awarded to those members who have had years of experience, are technically trained, have passed a rigid examination and subscribe to a high code of ethics. Mr. Sagouspé is certified by the State of California as a Certified General Real Estate Appraiser, Certificate Number AG022845; expiration date April 21, 2010.

Professional Education ___________________________________________________________________  

• Bachelor of Science Degree - Business Finance with Real Estate and Urban Development, California State University, Fresno, 1989
• American Society of Farm Managers and Rural Appraisers (ASFMRA): Appraisal Fundamentals; Principles of Rural Appraisal; Report Writing; Advanced Rural Appraisal; Eminent Domain; ASFMRA Code of Ethics; Income Capitalization Unleveraged; Permanent Plantings in Changing Markets; Cold Storage Facility Valuation Seminar; Conservation Easements Seminar, Environmental Due Diligence; Ranch Appraisal; Advanced Sales Confirmation; USPAP Update; DOV Seminar, Water Rights Seminar; Tax Deferred 1031 Exchange; Yellow Book-Uniform Appraisal Standards for Federal Land Acquisition
• Appraisal Institute:  Standards and Ethics, Valuation of Vineyards and Wineries, Computer Plotting Legal Descriptions for the Layman
• Other:  Appraisal Principles; Real Estate Finance; Real Estate Principles; Real Estate Practices; Real Estate Law; Business Economics; Business Law; and Real Estate Appraisal II

Appraisal Experience ____________________________________________________________________  

Properties appraised include all types of agricultural properties, including some of the largest and most complex properties in California, specializing in permanent plantings and agri-industrial type facilities.  Appraisal assignments completed include large integrated grape, fruit and nut properties and packing house and cold storage facilities. The appraiser also has in excess of five years experience in the appraising of conservation easements.

• Appraiser – Self Employed, September 1992 to Present
• Appraiser – Charles Tingey Associates, Agricultural Services, April 1991 to September 1992
• Appraisal Researcher – Charles Tingey Associates, August 1989 to April 1991

Appraisal Clients _________________________________________________________________________  

Mr. Sagouspé has appraised properties, on a fee basis, for a broad spectrum of clients, including federal, state, and local government agencies, major local, national and international banks, major insurance companies, pension funds, pension fund advisors, and numerous attorneys, accountants, corporations, and individuals.

Supplementary Information ______________________________________________________________

• Past President of California Chapter and Accredited Member, American Society of Farm Managers and Rural Appraisers
• Member; Former Board of Directors, San Joaquin Valley Ag Lenders Society