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Edwin W. Litolff Jr., MAI, CCIM

 

Professional Resume

April 2007- Current

Managing Member of Frisco Valuation Group, LLC (formerly Primus Valuation Group, LLC) and a Senior Advisor to Duff & Phelps, LLC (Kroll) for the New York City and Dallas offices with a focus on a national Real Estate Valuation and Property Tax Consulting and Litigation practice centered around engagements involving complex high-end, investment-grade real estate for litigation purposes.

June 2005 to April 2007 – International Experience

Managing Director of American Appraisal for the New York City and Northeast Region with international liaison responsibilities with a firm engaged in real estate investment advisory services, appraisal and valuation, merger and acquisition due diligence and book value accounting valuation services. During this period of time performed appraisal and consulting work in 15 countries around the world.

June 2001 to June 2005

Managing Director/Senior Underwriter of Royal & Sun Alliance of London for the New York office of the Real Estate Structured Finance/Underwriting division and Chief Administrative Officer. During this time, was involved with 622 residual value insurance (partial interest valuation and underwriting) and structured real estate financing transactions totaling $3.8 billion in collateral.

August 1999 to June 2001

Principal American Appraisal Associates for the Dallas office. Responsibilities included the valuation of complex real estate both nationwide and international for merger and acquisition and litigation transactions.

December 1995 to August 1999

Director Arthur Andersen LLP in Dallas, Texas. Responsibilities included complex real estate valuation, due diligence and fairness opinions for transactions involving public REITS, hedge funds, and private equity real estate investment funds. During this time, a specialization in high value Hospitality Properties was the focus of the practice.

Telecommunications & Wireline Property Tax Experience:

Since 2007, have been the lead valuation and expert witness on the Duff & Phelps (Kroll) property tax team handling Verizon (Rick Masching, Harry Sivess), AT&T (Joe DiBenedetto) and Sprint. Property tax work included central office buildings, main corporate headquarters buildings, towers, warehouses, huts, work centers, etc.

Transaction Due Diligence and Valuation Experience:

Experience in transaction due diligence, consulting and valuation of retail shopping centers, freestanding AAA-credit-tenant retail properties, multi-use retail, residential and office properties (both individual asset and portfolios), residential asset/mortgage portfolios, Class A office buildings, corporate headquarters, residential and industrial subdivisions, high-end hospitality resorts and golf facilities, mini-warehouses, apartments, industrial distribution warehouses, manufacturing facilities, food processing, pig and cattle slaughter houses, and diverse portfolios with properties nationwide. Special-use property valuations include professional sports stadiums (New Orleans Saints Superdome and soccer facility, Texas Rangers Ballpark, Kansas City Chiefs Stadium, Miami Dolphins Stadium), casinos, radio/television transmission towers, a railroad intermodal facility, automobile dealerships, cinemas and movie theatres, churches and houses of worship, public and school buildings, deep water industrial sites, marinas truck terminals, cemeteries, U.S. Postal Service facilities, and depletion properties including gold mines, landfills, sand and gravel pits, mining operations, deep water injection wells, underground gas storage facilities, and sewage overflow facilities. Also specialized in high-end, investment-grade real estate in Manhattan, New York City.

Financial Institution Appraisal, Underwriting & Loan Review Experience:

From 1988-91, served in the capacity of Commercial Valuation Manager for Georgia Federal Bank in Atlanta, Georgia. During this time responsibilities included the appraisal and appraisal review of both commercial and residential assets to be used as collateral for lending purposes. From 1991-93 served as Senior Vice President/Chief Appraiser for American Federal Bank in Dallas, Texas. During his tenure at American Federal Bank, served on the Senior Loan and Real Estate Loan Committees in an advisory capacity. Areas of responsibility included the management of 14 employees in Valuation/Appraisal and Environmental/ADA oversight, including residential and commercial appraisal, environmental and loan review. In this capacity was responsible for the drafting and implementation of the bank’s Appraisal & Environmental Policies & Procedures, and the approval of a bank board of appraisers and environmental professionals. Bank owned assets under direct review included 7,500 residential assets and 375 commercial assets, all requiring 3 mandatory appraisals per year, for a total annual appraisal volume of approximately 24,000 appraisal reviews per year performed by both employees and contractors. The review process included the compliance with the appraisal policies and procedures of the bank, the Office of Thrift Supervision, the FDIC and Title XI of FIRREA.

Expert Witness and Dispute Resolution Experience:

Testified in Federal, State, County, and U.S. Bankruptcy courts as a qualified expert in real estate valuation and construction, in support of both market and investment value conclusions. Also provided litigation support in complex real estate litigation, federal tax, property tax, and condemnation issues.

Recent Testimony & Deposition Experience 

  • Year 2023 – Maricopa County, Phoenix, Arizona, Property Tax Litigation of a Marriott Hotel; valuation and report preparation for property tax litigation
  • Year 2023 – Harris County, Houston, Texas, Property Tax Litigation of a High-Rise Office Building; valuation and report preparation for property tax litigation
  • Year 2020 – Hennepin County, Minnesota, Property Tax Litigation of a Marriott Hotel; valuation and report preparation for property tax litigation
  • Year 2019 – Bexar County, Texas Appraisal Review Board; valuation testimony for property tax litigation
  • Year 2018 – Collin County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2018 – Dallas County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2017 – Collin County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2017 – Dallas County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2017 – San Diego County, California; valuation testimony for property tax dispute
  • Year 2016 – McKinney Pearl Restaurant Partners, LP vs. Metropolitan Life Insurance Company and CB Richard Ellis, Inc., Cause No. 3:14-cv-02498; damages expert witness deposition testimony for damages dispute; Ryan DeLaune, Strasburger Price, 214-651-2115
  • Year 2016 – San Diego County, California; valuation testimony for property tax dispute
  • Year 2016 – Cameron Parish, Louisiana; valuation testimony for property tax dispute, 
  • Year 2016 – Dallas County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2016 – Collin County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2015 – Dallas County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2015 – Collin County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2014 – Dallas County, Texas Appraisal Review Board; valuation testimony for property tax dispute, ARB Hearings
  • Year 2014 – RT ENCLAVE, LLC vs. Harris County Appraisal District, Cause No. 2013-54151DC-10-12172-E, 101st; valuation testimony (deposition) for property tax law suit; Carolyn Chinn Maly, Geary, Porter & Donovan, 972-931-9901
  • Year 2013 – Meo & Associates, Inc. vs. Metzler Realty Advisors, MUSREF 13727 Noel L.P., Franklin Street Properties and FSP Galleria North, L.P. Cause No. 50-183-T-000053-13; Valuation Testimony for an estimate of damages on proposed luxury hotel Noel Road Galleria area, Dallas, Texas. 

Mathew A. Nowak, (214) 823-2006

  • Year 2013 -  Hewlett Packard Company vs. Benton County Assessor and Department of Revenue, State of Oregon; valuation testimony on Hewlett Packard Semiconductor Plant, Corvallis, Oregon; David L. Canary, Garvey, Schubert Barer (503) 228-3939
  • Year 2012 - Plano Atrium LLC vs. Collin County Appraisal District, Cause No. 296-03811-2011, 296th; valuation testimony on Atrium at Collin Ridge Office Building; Amy Salusti, Geary, Porter & Donovan, 972-931-9901
  • Year 2012 – LMREC vs. Dallas County, Cause No. DC-10-12172-E, 101st; valuation testimony for property tax dispute settlement conference; Dan Donovan, Geary, Porter & Donovan, 972-931-9901
  • Year 2011 – Park Central Joint Venture vs. Dallas Central Appraisal District, Cause No. DC-10-10427-B; Michael R. Boling, (214) 378-8788
  • Year 2011 – Hewlett-Packard Co. vs. Benton County Assessor and Department of Revenue, State of Oregon Case Nos. 4979, 4980, 4987; valuation testimony for property tax dispute case; David Canary, Garvey, Schubert & Barer, 503-228-3939
  • Garden House Investment Partners LP vs. Dallas County, Cause No. DC-10-12172-E, 101st; valuation testimony for property tax dispute settlement conference; Dan Donovan, Geary, Porter & Donovan, 972-931-9901
  • Year 2011 – Garden House Investment Partners LP vs. Dallas County, Cause No. DC-10-12172-E, 101st; valuation testimony for property tax dispute settlement conference; Dan Donovan, Geary, Porter & Donovan, 972-931-9901
  • Year 2011 – Vinland Aspentree, Inc. Garden House Investment Partners LP vs. Dallas County, Cause No. DC-10-12469-M, 298th; valuation testimony for property tax dispute settlement conference; Dan Donovan, Geary, Porter & Donovan, 972-931-9901
  • Year 2010 – Capmark Financial Group, Inc., et.al., Debtors Chapter 11, Case No. 09-13684 (CSS), Jointly Administered, United States Bankruptcy Court for the District of Delaware; Michael Kessler, Dewey & LeBoeuf, (212) 259-8675
  • Year 2010 – CSHV One Atlanta, LLC vs. Fulton County Board of Tax Assessors, Superior Court of Fulton County, State of Georgia, CAF No. 2009CV169707; valuation testimony for property tax dispute, April 6, 2010; Jack R. Hancock, Esq., Freeman Mathis & Gary – (404) 361-3223
  • Year 2010 – Cuyahoga County Board of Revision, State of Ohio, Complaint No: 200904060519, partial TIC interest valuation testimony for property tax dispute, May 20, 2010; Karen Baurenschmidt, Esq. – (216) 566-8500
  • Year 2010 – Collin County, Texas Appraisal Review Board; valuation testimony for property tax dispute, June 17, 2010
  • Year 2010 – Dallas County, Texas Appraisal Review Board; valuation testimony for property tax dispute, July 7, 2010
  • Year 2009 – Highly Confidential Engagement

Allan Kacenjar, Esq., Squires, Sanders & Dempsey – (216) 479-8296

  • Year 2009 – 375 Park Holdings, LLC vs. Clear Capital, Superior Court of the State of Arizona, Case No. CV2008-003579, Residential Asset Valuation Damages Case

Joseph Goldberg, Esq., Hodgson & Russ – (646) 218-7615 

  • Year 2007-2009 - Highly Confidential Engagement
    Andrew Levine, Esq., Debevoise & Plimpton - (212) 909-6069
  • Year 2007-2009 - September 11, 2001 Insurance Property Damage Litigation
    Ralph Desanto, Esq., O’Melveny & Myers – (212) 326-2270
  • Year 2008 – Clem’s Ye Olde Homestead Farms, Ltd. v. Bill Brisco, et. al.al., United States District Court for the Eastern District of Texas Sherman Division, Case No. 4:07cv285, Environmental Damages Case; Vincent Hess, Esq., Locke Liddell & Sapp (214) 740-8732

Federal Tax & Purchase Price Accounting Valuation:

Have completed an extensive number of engagements for financial reporting and federal tax purposes including valuations for FAS 141/142/144 purchase price accounting, IRS tax allocation and donation, and FIN 47 accounting for environmental liabilities. From 1998-2007 was the project manager in charge of the valuation and allocation of the tangible and intangible partial interests of both individual assets and portfolios for more than $12 billion of transactions. These were performed while at American Appraisal, FSL and Duff & Phelps.

Education & Certifications:

  • M.S. - Finance, One Year Study, Louisiana State University
  • B.S. - Finance and Real Estate, University of New Orleans
  • 2 years Computer Science Study, Tulane University

State Certifications (current and previous):

Texas, New York, Washington D.C., Virginia, Florida, New Jersey, Connecticut, Rhode Island, Alabama, Arizona, Illinois, Kansas, Kentucky, North Carolina, Ohio, Utah, Louisiana, Mississippi, Maryland, Arkansas, Oklahoma, Nevada, Tennessee, Pennsylvania, California, Georgia, South Carolina, Oregon, Minnesota, Missouri, Iowa.

Firm Resources:

The firm has a Managing Principal and 3 additional associates

Professional Associations:

  • Member Appraisal Institute (MAI); Certified Instructor in Cost Approach & Land Valuation, Sales Comparison Approach, Income Capitalization Approach I, Income Capitalization Approach II, Advanced Land Valuation, and approved to instruct The Fundamentals of Separating Real Property, Personal Property and Intangible Business Assets for the Appraisal Institute
  • Instructor for Fannie Mae (FNMA) Credit Risk Training Appraisal I and Appraisal II
  • Appraisal Institute, North Texas Chapter Admissions Committee, Past Chairman
  • Commercial Investment Member (“CCIM”)of the National Association of Realtors®
  • Former Member/National Board Member/Secretary Dallas Chapter, Forensic Expert’s Witness Association
  • National Valuation Review Board, Former Trustee and Founding Member
  • North Texas Commercial Association of Realtors (NTCAR), Member

Sample of Manhattan, New York Investment Real Estate:

World Trade Center Buildings 1, 2, 4, 5 and 7 Rockefeller Center, 3 Rockefeller Plaza 1221 & 1251 Avenue of the Americas Lehman Brothers Building, 745 Avenue of the Americas The Chrysler Building, 405 Lexington Avenue 666 Fifth Avenue 100 Park Avenue The Gucci Building, 685 Fifth Avenue Barnes & Noble Headquarters Building, 122 Fifth Avenue The Lipstick Building, 885 Third Avenue 360 Lexington Avenue 498 Seventh Avenue 19 West 44th Street 417 Fifth Avenue 485 Fifth Avenue 36 West 34th Street 729 Seventh Avenue 987 Eighth Avenue 1552 Broadway Peter Cooper Village and Stuyvesant Town, 14th to 23rd Street, 1st to Ave C 300 E. 55th Street Flushing Promenade SYMS Store, 55 Trinity Place

Sample of Washington, DC Area Investment Real Estate:

Georgetown Park Mall, 3322 M Street Potomac Yards Land Development 1110 Vermont Avenue Courtyard Washington, DC, 1325 2nd Street N.E. Potomac Center North Tower, 500 12th Street SW Potomac Center South Tower, 500 12th Street SW 2001 Pennsylvania Avenue; 1100 13th Street Massachusetts Court Apartments, 300 Massachusetts Ave CNN Center

Sample of Atlanta, Georgia Investment Real Estate:

2300 Northlake Center 7 Executive Park 3130 Peachtree Street 3065 S. Main Street 70 Courtland Street 65 10th Street 780 Peachtree Street NE 1277 Lenox Park 1025 Lenox Park 1055 Lenox Park 1057 Lenox Park 2180 Lake Boulevard 1155 Peachtree Street NE 675 W. Peachtree Street NE 2728 N.E. Expressway 4638 Buford Highway 248 Chester Avenue 2850 Campbellton Road SW 195 Chester Avenue 242 W. Wieuca Road NE 3620 Bakers Ferry Road 5340 Roswell Road NE 211 Ralph Abernathy Boulevard 2307 Fairburn Road 1960 Woodland Hills Avenue 2071 Hollywood Drive NW 2762 Caldwell Road

Sample of Louisiana Investment Real Estate:

The Louisiana Superdome, Land Lease New Orleans School Board properties LL&E Tower Texaco Tower Lykes Center Two deep water injection wellsFrench Quarter properties Stonebridge Golf & Country Club Bedico Creek Golf Course Beau Chene Country Club Chateau Estates Country Club Colonial Country Club New Orleans East Land Development, Beau Chene Subdivision, Stonebridge Subdivision, Bedico Creek Subdivision, Elmwood Industrial Park properties Weyerhaeuser development properties, St. Tammany Parish, LA Wadleigh Industries properties, Slidell, LA LaTour Golf & Country Club

Sample of Dallas, Texas Investment Real Estate:

TXU Energy Plaza Office Building Thanksgiving Tower Office Building Bank One Tower Office Building Chase Tower Office Building The Quadrangle Multi-Use Property Greenhill Park Office Building North Park Mall Stonebriar Mall The Galleria (Office, Hotel, Retail) The Quadrangle Dallas Market Center The INFOMART Stanford Corporate Center Office Building The Anatole Hotel Club Corp Office Building The Ashton Apartment Tower The Glass House Apartment Tower Cameron Crossing Apartments Churchill on the Park Apartments Cypress Lake at Stonebriar Apartments Heritage at Lakeside Apartments Sonterra at Buckingham Apartments The Lodge at Frisco Bridges Apartments Forrester Apartments Hollister Place Apartments Timmaron Ridge Apartments The Villas at Katy Trail

Health Care Industry:

Since 1982, have developed specific health-care industry experience in the following property types: long-term acute-care hospitals, skilled nursing facilities, general hospitals, psychiatric care facilities, specialty care centers, congregate care centers, day surgery centers, rehabilitation centers and hospital-in-hospital facilities. Clients and/or facilities have included:

Baylor University Medical Center Cardinal Health Charter Psychiatric Hospitals Columbia-HCA Denton Regional Medical Center HealthSouth Corporation Kindred Healthcare Trinity Medical Center University of Texas Southwestern Medical Center LSUHCS Parkland Memorial Hospital Regency Hospital Company RHD Memorial Medical Center Tenet Healthcare Corporation Numerous independent operators Ochsner Medical Centers: Elmwood, Lapalco, Metairie, Raceland, Northshore Veterans Administration Regional Healthcare Centers: Greenville, SC, Winston-Salem, NC, Jacksonville, FL

Hospitality & Golf Industry Experience:

Engaged in hospitality/golf industry consulting since 1982 in the following service lines: market supply/demand analyses; financial feasibility studies; acquisition due diligence reviews; operational performance audits; recapitalization evaluations; membership/dues structure evaluation; financial modeling, including Monte Carlo simulation modeling; and valuation. Facility types include nationally recognized upscale resorts; urban mega hotel centers; multi-use entertainment hospitality complexes; residential golf developments, private and fee-play courses, and driving ranges; nationally flagged hospitality properties; campground/lodging resorts; spas; and operating restaurant properties, including nationwide T.G.I. Friday’s (Riese Restaurants) and independent local restaurants in New York, Texas, Louisiana, California, Arizona, and several other states.

Former member of the Southern California Section of the Professional Golfers’ Association as an assistant teaching professional in Orange County, California, at the El Toro Marine Air Station Golf Facility. Served as a director of the USF&G Golf Classic in New Orleans, Louisiana, from 1986 to 1988 and was the 1998 Cochairman of the Cadillac National Kidney Foundation golf tournament.

Hospitality and Resort properties have included:

  • The Boulders  Carefree, Arizona
  • The Lodge at Ventana Canyon Tucson, Arizona
  • JW Marriott Desert Ridge ResortPhoenix, Arizona
  • Clift Hotel   Ventura, California
  • Stanley Ranch (Proposed)  Napa, California
  • Desert Springs Resort and Spa     Palm Springs, California
  • Ontario Hilton Ontario, California
  • Sacramento Radisson    Sacramento, California
  • The Peaks at Telluride   Telluride, Colorado
  • The Lodge at Breckenridge      Breckenridge, Colorado
  • The Mystic Hilton      Mystic, Connecticut
  • Randall’s Ordinary    Mashantucket, Connecticut
  • Norwich Inn & Spa    Norwich, Connecticut
  • Hotel Washington      Washington, D.C.
  • Tampa Airport Hilton    Tampa, Florida
  • Orlando World Center   Orlando, Florida
  • Radisson Deauville Resort  Miami Beach, Florida
  • Royal Plaza      Orlando, Florida
  • Shadow Mountain Resort and Golf Club Palm Springs, California
  • Delano Hotel   Miami Beach, Florida
  • Marriott Waikiki  Waikiki, Hawái
  • Sheraton Northshore     Northbrook, Illinois
  • Ramada Inn     Marysville, Kentucky
  • Baltimore Hilton  Baltimore, Maryland
  • Minneapolis Hilton    Minneapolis, Minnesota
  • Kansas City Hilton     Kansas City, Missouri
  • Charlotte Hilton    Charlotte, North Carolina
  • Times Square Hilton New York, New York
  • Embassy Suites Battery Park  New York, New York
  • Ian Schrager Hotels (5 hotels)     New York, New York
  • Oklahoma City Hilton    Oklahoma City, Oklahoma
  • Eugene, Oregon, Hilton Eugene, Oregon
  • The Gaylord Opryland Resort Nashville, Tennessee
  • Ryman Auditorium Nashville, Tennessee
  • Ramada Inn     Kingsport, Tennessee
  • Loews Anatole Hotel      Dallas, Texas
  • San Antonio Hilton    San Antonio, Texas
  • Hilton Hobby  Houston, Texas
  • Menger Hotel  San Antonio, Texas
  • Crockett Ranch     San Antonio, Texas
  • YO Ranch    Kerrville, Texas
  • Ramada Inn     Dufield, Virginia
  • Ramada Inn     Woodstock, Virginia
  • Royal Pacific Resort Orlando, Florida
  • Dolphin & Swan Hotels Orlando, Florida
  • Hard Rock, Cabana Bay & Portofino Bay Orlando, Florida
  • Diamond Jacks Casino & Hotel Bossier City, Louisiana

International locations:

  • Clarion Suites  Guatemala City, Guatemala
  • Miraflores Park Plaza    Lima, Peru
  • Jaguar Reef Resort     Dangriga, Belize
  • 54 State-Owned Hotels/Golf Courses       Athens, Greece

Golf Resort, Development and Course properties have included:

  • Angel Park Golf Club Las Vegas, Nevada
  • Beau Chene Country Club Mandeville, Louisiana
  • Boone Valley Golf Club Augusta, Missouri
  • The Boulders Carefree, Arizona
  • The Broadmoor Resort Colorado Springs, Colorado
  • Castle Hills Golf Club & Academy Lewisville, Texas
  • The Country Club of Louisiana Baton Rouge, Louisiana
  • Desert Mountain Golf Club Scottsdale, Arizona 
  • DuPont Country Club Wilmington, Delaware
  • Gaillardia Golf & Country Club Oklahoma City, Oklahoma
  • Glenwood Hall Country Club Perry Park, Kentucky
  • The Hills at Lakeway Austin, Texas
  • JW Marriott Desert Ridge Phoenix, Arizona
  • The Legacy Golf Club Las Vegas, Nevada
  • The Lodge at Ventana Canyon Tucson, Arizona
  • Mira Vista Country Club Fort Worth, Texas
  • Myrtle Beach Golf Owners Association (50 courses Horry County)
  • Onion Creek Golf Course Austin, Texas
  • The Pines Golf Club at Marana Marana, Arizona
  • Redstone Golf Club Houston, Texas
  • River Place Golf & CC Austin, Texas
  • Seven Canyons GC Sedona, Arizona
  • Sleepy Hollow GC Dallas, Texas
  • Stanley Ranch Spa & Golf Resort Napa, California
  • Stonebridge Country Club New Orleans, Louisiana
  • Stonebridge Ranch Country Club McKinney, Texas
  • The Woodlands Development Houston, Texas
  • Valencia Golf & Country Club Valencia, California
  • Loews Royal Pacific Resort Orlando, Florida
  • Loews Portofino Bay Hotel Orlando, Florida
  • Universal’s Cabana Bay Beach Resort Orlando, Florida
  • Hard Rock Hotel Universal Orlando Orlando, Florida
  • Walt Disney World Dolphin Hotel Orlando, Florida
  • Walt Disney World Swan Hotel Orlando, Florida

Sample of Condominium Experience:

  • 3 Rockefeller Plaza, New York City, NY
  • Potomac Center South Tower, Washington, D.C.
  • The Ashton Apartment Tower, Dallas, TX
  • The Glass House Apartment Tower, Dallas, TX
  • Baylor Medical Center Hunt Heart Building, Dallas, TX
  • The Woodlands Development, The Woodlands, TX
  • The Boulders, Carefree, AZ
  • JW Marriott Desert Ridge, AZ
  • Desert Mountain, Scottsdale, AZ
  • The Anne Rice House, New Orleans, LA
  • Myrtle Beach Condominiums, Myrtle Beach, SC
  • Various Condominium Towers, Athens, Greece
  • Jaguar Reef Lodge, Dangriga, Belize 

Sample of Clients Served:

Financial Institutions

Bank of America Wells Fargo Capital One Chase Bank HSBC Prudential First American Bank Texas Capital Bank & Trust Guaranty Federal Bank State Bank & Trust Merc Trust Imperial Capital Bank Mercantile – Safe Deposit & Trust Company Birch Commercial Mortgage, LLC Alecta Real Estate Investment Company Wells Fargo

Law Firms Dewey & LeBoeuf Locke, Lord, Bissell & Liddell Condon & Forsyth Fried, Frank, Harris, Shriver & Jacobson Debevoise & Plimpton Geary, Porter & Donovan Taylor, Porter, Brooks & Phillips Mayer Brown Alston & Bird Kelly, Drye & Warren Clifford Chance Stikeman Elliott Blau & Blau Potter Minton Skadden, Arps, Slate, Meagher & Flom Hodgson Russ, LLP Jones, Hirsch, Conners & Bull Quirk & Bakalor Garvey, Schubert & Barer Squires Sanders (US) LLP Nowak & Stauch Christopher K. Robinson, PLC Hill Ward & HendersonCantey Hanger Dunn Sheehan Mee Mee Hoge & Epperson Montgomery Coscia & Greilich Strasburger Price Kean Miller Popp Hutcheson Dickenson & Wright Evans Petree 

Popp Hutcheson 

Companies

AutoNation Dow Chemical BASF The Analysis Group FTI The Rockefeller Group Archon Group American Appraisal Associates Duff & Phelps Verizon AT&T Sprint Barnes & Noble Black Rock The Blackstone Group BNSF Railway Buzzi Unicem Cardinal Capital Cavan Investments CBIZ Cinemark Tinseltown CRESA Partners CTE Holdings GTE Dolce International Hilton Hotels Marriott Hotels Dupont TXU Forest City Ratner Hillwood Development Historic Restoration Inc. Koll Development Lakeview Development LSU-HSCD National Tax Resource Group Pacific Life Insurance Prescott Realty Group Royal & Sun Alliance Wal-Mart Stores Weyerhaeuser Real Estate Development Co ANA Comp Comau Pico Black Angus TGI Fridays Hospitality Properties Trust Kindred Hospitals Quaker Chemical SYMS Kaiser Aluminum USG Genecor Calpers Hines Reit Macquarie Real Estate Tishman Speyer Sun Trust Omni Hotel and Resorts American Hospitality Management Arclight Extended Stay America Olympus Media Felcor Lodging Trust Cinemark Rave Theaters Sempra Liberty Gas Olin Blue Cube Tishman Hotels Loews Hotels Universal Hotels OMNI Hotels