MICHAEL J. HART

Michael J. Hart is a Principal of LandVest, Inc., and is a real estate consultant specializing in the valuation of significant land-based assets, including institutional timberland, urban and suburban development land, coastal resort land, remote natural amenity land and residential estate property. He is experienced in federal estate and gift tax valuation, feasibility and highest and best use analysis, diminution-in-value analysis and the valuation of conservation easements, including [...]

Michael J. Hart is a Principal of LandVest, Inc., and is a real estate consultant specializing in the valuation of significant land-based assets, including institutional timberland, urban and suburban development land, coastal resort land, remote natural amenity land and residential estate property. He is experienced in federal estate and gift tax valuation, feasibility and highest and best use analysis, diminution-in-value analysis and the valuation of conservation easements, including “landscape-scale” working forest conservation easements, for government agencies, non-governmental organizations, conservation non-profits and private landowners.

Mr. Hart, joined LandVest’s Real Estate Consulting Group in 1990 and currently sits on the firm’s Board of Directors. Mr. Hart is responsible for appraisal production and internal appraisal review and oversight at LandVest, and engages in a broad spectrum of real estate advisory, consulting and brokerage activity. Prior to joining LandVest, Mr. Hart worked for six years in the San Francisco Bay Area as a Senior Commercial Real Estate Appraiser for C. Warren Fox Appraisal Services in Redwood City, California.

Mr. Hart’s practice has involved assignments for significant property located throughout the United States, in the Caribbean and in Latin America. He has completed landscape-scale working forest conservation easement valuations for many significant properties, including those located in California, Connecticut, Idaho, Maine, New Hampshire, New York, South Carolina, Texas, Vermont and Virginia. Mr. Hart appraised the largest conservation easement in the country (by land area), which involved the 755,000+ acre easement on the Pingree heirs land in Maine.

EDUCATION:

Undergraduate Studies:

• Boston College BA Degree – Economics and Philosophy

Professional Studies:

• Appraisal Institute MAI Course Requirements
• Valuation of Conservation Easements
• Uniform Appraisal Standards for Federal
• Land Acquisitions (“Yellow Book”)
• Duke University, Forestland Appraisal, Nicholas School of the Environment
• Boston University, Fundamentals of Real Estate Analysis, Portfolio Analysis
• U. C. Berkeley Real Estate Investment Analysis
• National Association Minerals Valuation of Assessors

LICENSES AND MEMBERSHIPS:

• Certified General Appraiser - Massachusetts, Maine, New York, Rhode Island, Vermont, California
• Appraisal Institute - MAI Designation
• Brokers Licenses - Massachusetts

EXPERT WITNESS:

• United States District Court United States Bankruptcy Court
• Middlesex Cty Probate Court Essex Cty Probate Court
• Massachusetts District Court Plymouth County Superior Court

APPRAISAL INSTITUTE : Experience Review Committee – Boston Chapter (Former Member)

ARTICLES: “Timberland Valuation: The Appraiser-Forester Partnership” in The Consultant 2011 (Annual Journal of the Association of Consulting Foresters).

“Working Forest Articles: What Are They/What Are They Worth?” In New England Real Estate Journal (May 8, 2009)