US Solar Value and Akerson & Wiley, Inc., Boston, MA (1992 – Present).Co-founded and operates real estate valuation and counseling practice specializing in solar and renewable energy installations and green/sustainable property appraisals. Client base includes banks, insurance companies, federal, state, local governments, non-profits, attorneys and many others. Qualified as expert witness in federal and district courts and prepares appraisals for use with IRS matters.Valuation of Renewable Resources and Sustainable Buildings Appraisals of over 250 solar and wind farms and rooftop solar panels. Appraisals of Energy Conservation Measures for C-PACE financing and ad valorem taxation. Appraisal Institute Professional Development Registry – Valuation of Sustainable Buildings: Commercial. Appraisal Institute development team for Case Studies in Appraising Green Commercial Buildings and Residential and Commercial Valuation of Solar. Speaker at seminars for bankers, appraisers, assessors and others on the appraisal of solar installations and sustainable real estate.
Notable assignments have also included the appraisal of major commercial properties and subsequent testimony in federal courts; consulting with the US Department of Labor on ERISA compliance; the appraisal of portfolios with as many as 300 properties; the appraisal of military bases and facilities in Rhode Island, New York, Connecticut and Florida; and the appraisal of landmark properties in Boston such as Rowes Wharf, the Federal Custom House and Exchange Place.
In addition to co-founding and operating US Solar Value and Akerson & Wiley, served as regional managing director for national appraisal companies Grubb & Ellis Landauer Valuation Services and an appraisal affiliate of GMAC Commercial Mortgage. Bank of New England, Senior Vice President and Chief Appraiser. Boston, MA (1990-1991).Formed new appraisal department for the workout function for a real estate portfolio in excess of $8 billion with 8,500 properties. Managed a total staff of 75 with 43 review appraisers and seven offices. Budget responsibility of $15 million. Ernst & Young, Senior Manager. Dallas, Texas (1989-1990).Managed Southwest regional real estate valuation practice. Reviewed book values and transactions for auditors. Performed appraisal management services, portfolio valuations, due diligence and counseling on investment real estate. Appraisal, Consulting Background, Denver, Colorado and Peoria, Illinois (1970-1989).Positions in real estate sales, banking and fee appraisal including Chase and Company, London-based Gooch & Wagstaff, BA Mortgage Company, Bowes and Company, Midland Savings, all in Denver, and Commercial National Realty in Peoria, Illinois. PROFESSIONAL ASSOCIATIONS AND EDUCATIONMember (MAI), Appraisal Institute. Life Member.
Appraisal Institute National Faculty Member for Green, Sustainable and Solar series of courses, seminars.
U.S. Green Building Council (USGBC) – National and MA Chapter (Education Committee).
Northeast Sustainable Energy Association (NESEA).
American Solar Energy Society (ASES).
National Council of Real Estate Investment Fiduciaries (NCREIF), 1992-1999, 2010-2011 Valuation Committee.
Vice Chair, Appraiser Qualification Board of The Appraisal Foundation, Washington, DC.
Certified General Real Estate Appraiser – MA 1213 (other state permits as needed). Licensed Real Estate Broker.
Bradley University, Peoria, Illinois, Bachelor of Arts, Philosophy.
Theddi Wright Chappell, CRE, MAI, FRICS, AAPI, LEED AP is a Co-Founder of US Solar Values and CEO of her own woman-owned business, Sustainable Values, Inc., Park City, UT. She has extensive experience in the valuation of commercial properties, with a specialization in analyzing both the costs and benefits of high performing, energy efficient properties.Ms. Chappell is a national and international speaker and educator on the implications of green strategies on asset value. She co-authored the first seminar on valuing green commercial buildings for the Appraisal Institute and subsequently developed their two-day commercial course entitled, Case Studies in Valuing Green Commercial Buildings, which she teaches throughout the US. She also teaches the Appraisal Institute’s course on Residential and Commercial Valuation of Solar.Her publication, High Performance Green Building – What’s It Worth? was created for, and widely disseminated by, the Cascadia Chapter of the US Green Building Council and the International Living Future Institute.She has developed and participated in numerous classes, presentations, webinars and training programs for a variety of clients including ULI, DOE, USGBC (Greenbuild), EPA, NAR, Connecticut Green Bank, the Real Estate Roundtable, NYU Shack Institute of Real Estate, Bank of America and others.She recently premiered a new course she developed for the Department of Energy entitled Energy Matters!During her valuation and consulting career, Ms. Chappell has worked with clients throughout the US and Canada, in Europe and Australasia. She is a Founding Member of the team developing the Economics of Change, a multi-year international project which incorporates economic, environmental and social considerations into investment, valuation and underwriting criteria. Ms. Chappell was an organizer of and presenter at the international Vancouver Valuation Summits I, II and III in Vancouver, BC.Ms. Chappell is Chair of the Invitation Advisory Committee for the Counselors of Real Estate, the pre-eminent, invitation-only consulting organization in the US; has served on ULI’s Responsible Property Investing Council; is on the Advisory Board of the Utah Chapter of USGBC; and active in Utah’s Purpose Investment Network, and CEO Space.
PROFESSIONAL EXPERIENCEManaging Partner, SoundView Risk Advisors Venice, CA (July 2014 – Present).Full-time in commercial real estate since 1986, including brokerage, development, appraisal & appraisal review. Expertise in valuation of solar PV/distributed energy resources [DER] and high performance “green” property.July 2014 to Present: Managing Partner, SoundView Risk Advisors, Venice, CACommercial property appraisal review and management per the property value impact of solar PV/distributed energy resources. Produces a self-contained “solar appraisal” or DER value report Market value for financing underwriting; federally regulated transactions, PACE,
Collaborator with appraisers to complete the Solar/DER value report
Investment value analysis for property owners considering solar/DER
Green and conventional building appraisal reviews
1999 to June 2014 : Appraisal Reviewer –Wells Fargo Bank, Real Estate Technical Services(RETECHS), Los Angeles Vice President, Senior Commercial Real Estate Appraisal Manager High-performance “green” real estate – Property valuation expert with the internal Environmental Affairs Group (2006-14). Principal appraisal manager and reviewer for collateral designed to meet LEED, Energy Star and/or with solar/DER [Distributed Energy Resources].
Small balance commercial, related mortgage technology – Specialist on small commercial property appraisal/evaluation report management and reviews, streamlined, lower cost workflow design
Loan pool and asset portfolio due diligence team – Due diligence risk analysis, valuation and related document reviews and appraisal review screens for portfolio sampling.
Advisor positions National Institute of Building Sciences, Council on Finance, Insurance & Real Estate
Clean Energy Finance Forum, Yale Center for Business and the Environment
Appraisal Foundation – High-performance building valuation, Subject Matter Expert
ThirdAct, San Francisco – fintech start-up small commercial property performance retrofits
CA Sustainability Alliance – Steering Committee Member, Green Building Valuations
Microgrid Institute – Finance and valuation analysis
Education, Certifications1968–72 : Bachelor of Arts, University of Kentucky, Lexington, KY Concentrations in mechanical engineering, economics, creative arts Professional Designations General Certified Appraisal License; CA: AG 021895, WA: 1102359
MRICS designation, Member Royal Institute of Chartered Surveyors
CA Real Estate Sales License 0092-7330
