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                       GREGORY R. LANGER
                  APPRAISER'S QUALIFICATIONS

		Email: gregl@vciny.com
EDUCATION:
BA - Hartwick College, Oneonta, New York Undergraduate 1976 Newburgh Free Academy - Adult Education Principles of Real Estate 1976 Real Estate Law 1977 New York State Association of Realtors Graduate Realtors Institute - Course I 1977 Marist College Society of Real Estate Appraisers Course 101 - An Introduction to Appraising Real Property 1980 Pennsylvania State University Society of Real Estate Appraisers Course 102 - Principles of Income Property Appraising 1981 Dartmouth College American Institute of Real Estate Appraisers Capitalization Theory and Techniques Parts II and III 1982 American Institute of Real Estate Appraisers Case Studies in Real Estate Valuation and Valuation Analysis and Report Writing 1983 Tampa, Florida American Institute of Real Estate Appraisers Standards of Professional Practice 1984 University of Florida American Institute of Real Estate Appraisers Real Estate Investment Analysis 1985 PROFESSIONAL ORGANIZATIONS American Institute of Real Estate Appraisers MAI Candidate SEMINARS: Argus Seminar 1993 Appraisal Institute Understanding Limited Appraisals 1994 Appraisal Institute New Industrial Valuation 1997 Appraisal Institute Appraisal of Local Retail Properties 1998 Appraisal Institute Internet Search Strategies 1998 EXPERIENCE: Valuation Consultants, Inc. 3/93 to Present Owner and Senior Commercial Appraiser As an owner of the company, I will review and appraise all types of commercial appraisal reports. H.F. Ahmanson and Company 11/86 to 2/93 Served in various positions including Senior Real Estate Financial Analyst, Chief Appraiser of the Bowery and Vice President-Loan Officer. Responsibilities and duties included valuation of the commercial real estate portfolio on the Eastern Seaboard, overseeing a full staff of commercial appraisers in the Manhattan office, portfolio valuation in the acquisition of Bowery Savings Bank and Home Savings Bank, and northeast lending operations. Eastern Savings Bank 10/85 to 11/86 Served as an Assistant Vice President in lending, as well as an Appraiser. Appraisal Services Company 10/79 to 10/85 Worked as the Senior Commercial Appraiser after previously performing residential appraisals and overseeing the residential staff. Sold Residential Real Estate 1976 to 1979 I have appraised all types of residential property, commercial and industrial buildings, farms and vacant land. I have made appraisals for financial institutions, attorneys, major corporations, home guarantee programs, insurance companies and others. I have worked on assignments for the following companies: A. GENERAL EXPERIENCE American Felt and Filter, Inc. Anheuser Busch Co., Inc. Avco Financial Services Bank of New York Barclay American Financial Boscobel Restorations, Inc. Chase City of Newburgh Economic Development Office First Fidelity (Mid Hudson Savings Bank) Fleet Bank (Norstar Bank) General Electric Credit Corporation Home Savings of America Homequity/Homerica Key Bank Lehman Brothers M & T Bank Residential Mortgage Marine Midland Bank Merrill Lynch Relocation Corporation Middletown Savings Bank Montgomery Industrial Development Corp. New York Facilities Development Corp. New York Property Insurance Underwriting Assoc. Olin Corporation P.J. Fogarty Poughkeepsie Savings Bank Premier National Bank Red Star Express Reynolds Metal Company Service Merchandising Company The Bowery Savings Bank Transamerica Relocation Union State Bank Walden Savings Warwick Savings Webster Bank West Point Credit Corporation B. AREAS OF APPRAISAL EXPERIENCE - New York State - COUNTIES: Orange, Dutchess, Putnam, Rockland, Westchester, Sullivan, Ulster, Manhattan, Queens, Kings, Bronx, Nassau, Suffolk and Erie. Other States - Massachusetts, New Jersey, Maryland, Virginia, Georgia, Florida and Pennsylvania FACTUAL STATISTICAL AND REFERENCE INFORMATION An up-to-date set of area Zoning Maps and Ordinances. City maps showing existence of underground utilities. Maintenance of sales transactions by subdivisions and street name, effective dates of sale and current listing. Current community statistics referring to retail sales, bank clearance, employment, transportation routes, construction activity, and mortgage recordings. Census Tract Maps. Flood Plain Maps.