NEWS
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Contact: Jennifer Batchelor
610.217.5326 / batchelor.media@gmail.comShelterfield Valuation Services President John J. Hosey Sr. Named Member of the Prestigious Royal Institution of Chartered Surveyors
Malvern, PA (November 2009) – Shelterfield Valuation Services Founder and President John J. Hosey Sr., MAI, SRA, GRI, MRICS, has been named a Member of the Royal Institution of Chartered Surveyors (RICS). Headquartered in London, RICS is an international body of qualified land, property and construction professionals. The organization’s royal charter designation demonstrates that RICS works to protect and promote the public interest. As the leading member organization of its kind worldwide, RICS awards credentials only to those individuals who meet the most rigorous requirements for education, experience and ethics. In short, RICS members are recognized leaders in their professions.
“I am proud to join the distinguished membership of the Royal Institution of Chartered Surveyors,” said Hosey. “The Institution’s members are among the best in all facets of real estate from research, valuation and surveying to construction and environmental asset management.”
Hosey has been appraising real estate for more than 35 years. He founded Shelterfield Valuation Service’s predecessor entity, Shelterfield Appraisal Services, in 1973. Since that time, Shelterfield and its affiliate companies, I.T. Shelterfield Business Valuation Services and Shelterfield Real Estate, have grown to enjoy an outstanding reputation based on cutting-edge knowledge, professionalism and excellence. Hosey is licensed as a real estate broker in Pennsylvania, and as a general appraiser in Pennsylvania, New Jersey, Delaware and Maine. He is a designated member of the Appraisal Institute and an Experience Review Screener for the Appraisal Institute’s National Review Committee. Hosey is also a member of the Tri-State Commercial and Industrial Board of Realtors. He is frequently called upon as an expert witness in a wide range of real estate disputes, including commercial, industrial and residential matters. From 1991 through 2007, he was an advisory board member for National Penn Bank. He is also a retired Army National Guardsman.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; the valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Real estate brokerage services are available in the Commonwealth of Pennsylvania.
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610.217.5326 / batchelor.media@gmail.comShelterfield Valuation Services Provides Sponsorship of Preservation Alliance for Greater Philadelphia's 16th Annual Preservation Achievement Awards
Malvern, PA (May 1, 2009) - Shelterfield Valuation Services is pleased to serve as a sponsor of the Preservation Alliance for Greater Philadelphia's 16th Annual Preservation Achievement Awards. The awards luncheon and ceremony, to be held on May 11 at the Park Hyatt at the Bellevue in Philadelphia, constitutes the region's largest annual gathering of preservationists. The celebration will honor individuals, organizations, businesses and projects that exemplify outstanding achievement in the field of historic preservation throughout the Philadelphia area.
"Shelterfield is proud to support those who work to restore and preserve the region's historic buildings and communities," said Shelterfield president John J. Hosey Sr., MAI, SRA, GRI. "These individuals and companies are significant contributors to the unique sense of history that characterizes the Philadelphia region."
Shelterfield client Preservation Initiatives Inc. will enjoy recognition for its work in rehabilitating The Lippincott in Wilmington, Del. Formerly the site of Wilmington's popular Lippincott & Co. department store, the 50,000-square-foot building now offers a mix of desirable retail and commercial space. The Lippincott has been named a 2009 Grand Jury Award winner.
For further information about the Preservation Alliance for Greater Philadelphia and the Achievement Awards, please visit http://www.preservationalliance.com.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; the valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Real estate brokerage services are available in the Commonwealth of Pennsylvania. For more information, please see www.shelterfield.com.# # # # #
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610.217.5326 / batchelor.media@gmail.comJohn J. Hosey IV, MAI, SRA, GRI, Earns Maine Certification
Malvern, PA (April 2009) – Full-service real estate appraisal firm Shelterfield Valuation Services is pleased to announce that Shelterfield President John J. Hosey IV, MAI, SRA, GRI, has earned his Reciprocal General Appraiser Certification in Maine. According to the Appraisal Institute, Mr. Hosey is the only Maine-licensed real estate appraisal professional who has also obtained historic preservation easement certification. This certification is significant given the introduction of a $27 million state bond package intended to provide funds for the revitalization of Maine's downtown areas. The package includes $2 million for nonprofit use in acquiring and reselling, subject to preservation easements or covenants, “endangered historic buildings of local, state or national significance.”
“When the funds become available, there will be increased demand for historic preservation easement valuation,” said Mr. Hosey, “but there is a shortage of appraisers certified by the Appraisal Institute to do this type of work.”
Historic preservation easement appraisals, as well as conservation easement appraisals, are now subjected to heightened regulatory interest because they frequently afford large tax breaks to their donors. This necessitates hiring appropriately certified appraisers. Under the Pension Protection Act of 2006, appraisers of historic preservation and conservation easement donations must possess verifiable education and experience in this type of appraisal work. In addition, the IRS has issued proposed regulations addressing what constitutes a “qualified appraisal” and who may be considered a “qualified appraiser” when it comes to easement matters within IRS purview. Accordingly, the Appraisal Institute launched a certificate program qualifying appraisers to work on conservation and historic preservation easement matters. Completion of the Appraisal Institute courses “Valuation of Conservation Easements,” and “Appraising Historic Preservation Easements,” enables appraisers to present to regulators verifiable education and qualification in valuing these easements. Mr. Hosey has completed both courses and accordingly is able to present verifiable credentials when appraising such easements.
Mr. Hosey has specialized in conservation and historic preservation easement appraisals for more than 20 years. He is one of just 53 appraisers nationwide to receive historic preservation easement certification, and one of 528 appraisers nationwide to hold conservation easement certification. If you would like further information regarding conservation or historic preservation easements and their tax implications, please do not hesitate to contact our firm.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; the valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Real estate brokerage services are available in the Commonwealth of Pennsylvania. For more information, please see www.shelterfield.com.# # # # #
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Contact: Jennifer Batchelor
610.217.5326 / batchelor.media@gmail.comJohn J. Hosey IV, MAI, SRA, GRI, earns Appraisal Institute Certifications in Valuation of Conservation and Historic Preservation Easements
Malvern, PA (Feb. 5, 2009) – Shelterfield Valuation Services is pleased to announce that John J. Hosey IV, MAI, SRA, GRI, has earned Appraisal Institute certification in the valuation of conservation and historic preservation easements. Mr. Hosey is one of only four appraisers in Pennsylvania to hold historic preservation easement certification, and one of just 15 appraisers in Pennsylvania to become certified in conservation easement valuation.
Recently conservation and historic preservation easement appraisals have attracted increased regulatory scrutiny due to the large tax breaks they may afford. The Pension Protection Act of 2006, a portion of which focuses on non-cash charitable contributions, requires appraisers of conservation and historic preservation easement donations to possess verifiable education and experience in this type of appraisal work. In addition, the IRS has issued proposed regulations addressing what constitutes a “qualified appraisal” and who may be considered a “qualified appraiser” when it comes to easement matters within IRS purview. In response, the Appraisal Institute in 2007 launched a certificate program qualifying appraisers to work on conservation and historic preservation easement matters. Completion of the Appraisal Institute courses “Valuation of Conservation Easements,” and “Appraising Historic Preservation Easements,” enables appraisers to present to regulators verifiable education and qualification in valuing these easements.
Mr. Hosey has specialized in conservation and preservation easement appraisals for more than 20 years. He is one of just 53 appraisers nationwide to receive historic preservation easement certification, and one of 528 appraisers nationwide to hold conservation easement certification. If you would like further information regarding conservation and preservation easements and their tax implications, please do not hesitate to contact our firm.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; the valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Real estate brokerage services are available in the Commonwealth of Pennsylvania. For more information, please see www.shelterfield.com.# # # # #
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Contact: Jennifer Batchelor
610.217.5326 / batchelor.media@gmail.comShelterfield Valuation Services Supports Norristown Festival
Malvern, PA (September 30, 2008) – Real estate appraisal and consulting firm Shelterfield Valuation Services, located in Malvern, Pa., is pleased to announce its co-sponsorship of the Fall for Norristown festival. This year's fun-filled, family-oriented event was held on Sept. 20 from 11:00 a.m. to 4:00 p.m. at Elmwood Park.
The Fall for Norristown festival featured arts and crafts, family entertainment, shopping, live performances, and a classic car show. Shelterfield president John J. Hosey Sr., MAI, SRA, GRI and Shelterfield appraiser John J. Hosey Jr. were on hand to present awards to the five winners of the recent “Why I Love Norristown” contest. The contest was part of a grassroots effort to energize Norristown residents about their community and increase awareness of ongoing positive changes in the area. In addition to the unveiling of the winning contest entries, a new community slogan, “Norristown: Where you belong,” was announced.
“Shelterfield Valuation Services has long been a part of Norristown's business community,” said the elder Mr. Hosey. “As members of the Greater Norristown Corporation, we are proud to support Norristown's ongoing revitalization. The Fall for Norristown festival and the ‘Why I Love Norristown' campaign helped demonstrate why Norristown is great place to live and work.”
Children and adults of all ages and from many walks of life participated in the contest, submitting approximately 114 entries. Participants employed art, essays, multimedia presentations, music and other creative means to express what they find special about Norristown.
“The ‘Why I Love Norristown' campaign was launched to provide Norristown residents with a means to participate in bringing new businesses, restaurants and families to their growing community,” the younger Mr. Hosey stated. “It was an opportunity for Norristown to tell its own story.”
For additional information, please see www.norristown.org. For further information about Shelterfield Valuation Services, please visit the firm's Web site, www.shelterfield.com.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; appraisal review and consulting; litigation support; arbitration consulting; and the valuation of historic preservation and conservation easements. Real estate brokerage services are available in the Commonwealth of Pennsylvania. For more information, please see www.shelterfield.com.# # # # #
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610.217.5326 / batchelor.media@gmail.comShelterfield Valuation Services Releases Survey
Appraisal Firm Examines the Value Effects of Stigma
Malvern, PA (June 25, 2008) – Responding to a lack of available research, Pennsylvania real estate appraisal and consulting firm Shelterfield Valuation Services has conducted a study examining how environmental stigma affects property values. The study polled real estate professionals to discern how hypothetical stigmas, such as underground water contamination, settlement cracks, and a cellular tower, would affect the values of five fictional properties. The survey results provide valuable insight into what is difficult to prove empirically: how seemingly negative conditions affect perception and, in turn, home values.
“This is a stagnant area of research, which makes it extremely challenging to quantify the extent to which a stigmatized property’s value has been impaired,” said Shelterfield’s President John Hosey Sr. MAI, SRA. “Without a paired sales analysis, which compares the prices of two properties that are similar in every way save for a stigma attached to one of them, it is nearly impossible to determine by how much a stigma reduces a property’s value. Yet oftentimes appraisers are asked to do exactly that.”
For those not familiar with the term, the Dictionary of Real Estate Appraisal, 4th ed. defines a stigma as any adverse public perception regarding a property. In other words, when a property’s association with a negative condition or event adversely impacts its marketability and value, that is a stigma.
To gain insight into the effects of stigma, Shelterfield presented 300 real estate professionals with five fictional stigmatized properties. The properties represented scenarios that Shelterfield appraisers have encountered during more than 30 years as real estate appraisers. The 40 survey respondents evaluated a heating oil spill in the basement of a home; an underground gasoline plume; a cellular phone tower located near a housing development; a radon remediation system within a home; and settlement cracks in a newly constructed house.
For survey results, please see the article, “The Stain of Stigma: By how much will it affect property value?,” available via Shelterfield’s Web site or as an electronic or hard copy upon request.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; the valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Real estate brokerage services are available in the Commonwealth of Pennsylvania. For more information, please see www.shelterfield.com.# # # # #
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Contact: Jennifer Batchelor
610.217.5326 / batchelor.media@gmail.comShelterfield Valuation Services Relocates to Malvern, Pa.
Malvern, PA (June 10, 2008) – Real estate appraisal and consulting firm Shelterfield Valuation Services is pleased to announce that it has relocated from Norristown, Pa., to historic Malvern, Pa. For more than 30 years, Shelterfield has delivered outstanding commercial, industrial and residential real estate appraisal services to clients in the mid-Atlantic region. The firm’s offices are now conveniently located at 140 Pennsylvania Ave. in downtown Malvern, just minutes from U.S. Routes 202 and 30. Shelterfield is also within easy walking distance of Malvern’s SEPTA R5 train stop.
The Borough of Malvern is a unique, 1.3-square-mile village located approximately 30 miles outside of both Philadelphia and Wilmington, Del., and only 40 miles from Southern New Jersey. With a population of about 3,200 people, Malvern has enjoyed significant growth in recent years, with this trend expected to continue. With easy access by both rail and car to the pedestrian-friendly town – which dates back to the Victorian era – Shelterfield is confident that its staff and clients will enjoy the new location.
The firm’s mailing address of P.O. Box 29, Flourtown, PA 19031 will remain unchanged.
Clients are encouraged to continue visiting Shelterfield’s Web site, www.shelterfield.com, for news and information about available services. Shelterfield’s staff and appraisers look forward to continuing to serve the firm’s Delaware Valley clients with a progressive range of real estate services, including commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Additionally, the firm continues to offer real estate brokerage services in the Commonwealth of Pennsylvania.
About Shelterfield Valuation Services
Shelterfield Valuation Services is a family-owned real estate appraisal firm located in Malvern, Pa. The firm serves a wide range of clients including bankers, lawyers, developers, real estate investors, school districts, taxing authorities, and other government agencies. Services provided include commercial, industrial and residential appraisal; condemnation appraisal; appraisal review and consulting; litigation support; arbitration consulting; the valuation of historic preservation and conservation easements; and valuation of the effects of stigma. Real estate brokerage services are available in the Commonwealth of Pennsylvania. For more information, please see www.shelterfield.com.# # # # #
Click here to read “The Stain of Stigma: By how much will it affect property value?”
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