Professional Memberships and Designations:

• Certified General Appraiser No. CG00001742, State of Colorado
• MAI, Member 8193, Appraisal Institute
• Colorado Real Estate Broker No. ER00319621

Expert Witness:

• U.S. Bankruptcy Court
• Boulder County District Court
• Jefferson County District Court
• Larimer County District Court
• Denver County District Court
• Colorado State Board of Assessment Appeals

Publications and Papers Presented:

• Valuation of Fractional Interest in Real Estate--The Rules Have Changed
• Appraisal Institute National Summer Convention, 1997

Formal Education:

• Master of Business Administration with an emphasis in Finance, Indiana University
• Bachelor of Business Administration with an emphasis in Administration, Wichita State University

Mr. Lee is a member of the Appraisal Institute and a practicing real estate appraiser. He manages an appraisal firm with six licensed appraisers, of which four are MAIs. Mr. Lee's clients include commercial banks, attorneys, municipalities, property owners and developers.