DAVID C. WILKES
David Wilkes is a valuation law and public policy advisor and strategist to corporations and governments around the world. He is a designated "Counselor of Real Estate," and is a Fellow of the Royal Institution of Chartered Surveyors (United Kingdom), the world's largest organization of property advisors, to which he was admitted as an Eminent Professional. David also heads Standards Research Services International (SRSI), a consulting firm that provides global education, research and policy development services related to municipal finance.
David has served on various assignments as a Senior Real Estate Advisor in the Middle East and Eastern Europe on behalf of the U.S. government, including the design of a Sharia'-compliant mortgage finance system for Egypt and the reform of property taxation in Serbia. David is the Chairman of The Appraisal Foundation in Washington, D.C., and spearheaded the creation of the historic Appraisal Practices Board to provide critically needed practical guidance to appraisers, the federal government and state regulators on complex issues for the valuation of all asset classes. The Appraisal Foundation is the Congressionally-authorized source of U.S. valuation standards and appraiser qualifications. He is also a former Member of the Board of Directors of the Counselors of Real Estate's New York Chapter.
Mr. Wilkes is a prolific writer and speaker dedicated to education, reform, and participation in discussions of current valuation law and legislation. He is Editor-in-Chief of the New York State Bar Association Journal, a monthly lawyers' magazine with 74,000 readers, and he served for six years as Editor-in-Chief of Real Estate Review, the prestigious academic quarterly published by NYU's Real Estate Institute. He has written about and run programs on business development and leadership for the State Bar Association. David is the Chairman of the Board of Editors of "IPTI-Pedia", the first-ever global online database of property tax regime data, which won a 2009 Excellence in Valuation Award in the United Kingdom.
Mr. Wilkes is a founding and active member of the Corporate Advisory Council of the International Property Tax Institute (IPTI) and coordinates and leads many of its programs worldwide, and is IPTI's representative to the New York City Tax Commission's Presidential Advisory Board; he is also Chair of the American Bar Association's Property Tax Committee and a longstanding member of the International Association of Assessing Officers' Legal Committee. He is also a founding and equity member of the National Association of Property Tax Attorneys (NAPTA), and Huff Wilkes LLP is NAPTA's national representative from New York State.
AREAS OF PRACTICE:
Property Tax and Assessment
Eminent Domain; Emerging Market Property Rights
Development of Mortgage Finance and Property Tax Infrastructure in Emerging
Markets; and Real Estate Litigation.
J.D. Boston University School of Law
M.S. New York University's Real Estate Institute (Valuation Concentration) Honors: Norman Weinberg Prize for Excellence, graduated first in class
B.A. City University of New York, Baruch College, graduated first in class
United States Supreme Court
U.S. District Court; all New York Districts
HONORS AND AWARDS:
Fellow, Royal Institution of Chartered Surveyors (Admitted as an Eminent Professional)
Designated Counselor of Real Estate
Chairman of the Board, The Appraisal Foundation (2010)
2009 "Excellence in Valuation" Award from the United Kingdom's Institute for Revenues, Ratings and Valuation for the development of "IPTIPedia", a global online database of tax regime research
2008 APEX Award from the Westchester County Association for efforts to reform New York State and Westchester County property taxes
2005 Counselors of Real Estate's Ballard Award for Best Article of the Year, for "Detecting Intangible Asset Value (or Capitalized Economic Profit) in Sales to REITs: A Practical Framework for Analysis"
2003 International Association of Assessing Officers' Distinguished Real Estate Research and Development Award (for analysis of Real Estate Investment Trust (REIT) valuation issues)
Norman Weinberg Prize for Excellence in Academics, New York University
The Influence of Globalization on Managing a Global Portfolio, Lecturer and Program Chair, International Property Tax Institute, University of Southern California’s Lusk Center and The Royal Institution of Chartered Surveyors, Los Angeles, April 29, 2008.
Understanding REIT Transactions and Their Relationship to Market Value, Lecturer, International Property Tax Institute’s 2nd Annual Mass Appraisal Symposium, Toronto, ON, May 8, 2007.
Who’s Running the Show? Implementing Centralized Management of Property Taxes for a Global Portfolio, “Real Estate Issues” (Counselors of Real Estate’s Quarterly Journal), Spring 2007.
Management of Property Taxes in a Global Environment, Lecturer, International Property Tax Institute and New York University’s Real Estate Institute, New York City, May 3, 2007.
Bottom-Up or Top-Down? Solving the Global Property Tax Management Dilemma, Luncheon Speaker, Institute for Professionals in Taxation, Pittsburgh, PA, March 22, 2007.
Guest Editor, Government, Law & Policy Journal (New York State Bar Assoc.), Eminent Domain Special Issue, Spring 2007 (Vol. 9, No. 1), and Author of Compensating for the Loss of Business Value as a Result of Condemnation.
Understanding REIT Transactions and Their Relationship to Market Value, Lecturer, Property Tax Symposium, Institute for Professionals in Taxation (IPT), Colorado Springs, CO, November 7, 2006.
Paper Presentation: Management of Property Taxes in a Global Environment, Annual Conference of the UK’s Institute of Revenues Rating & Valuation (IRRV), England, October 12, 2006.
Watch Huff Wilkes' David Wilkes discuss international valuation with RICS Chairman Armstrong > more
Published Works (continued):
Improving the Relationship Between Emerging Market Land Reforms and Foreign Direct Investment; Royal Institute of Chartered Surveyors (UK), Business Magazine, September 2006.
Co-Presenter at Televised Presentation on Eminent Domain Reform with New York State Assemblyman Adam Bradley, Yorktown, New York, August 22, 2006.
Strengthening Egyptian Mortgage Contract Compliance & Consumer Protection, with Suggested Legislative Amendments; Technical Assistance Report for USAID, Cairo, Egypt, March 30, 2006.
Egyptian Mortgage Finance: Avoiding Template Solutions in Addressing Lender Concerns; article on submission, available from author for review.
Eminent Domain, Invited Lecturer, Lorman Education, White Plains, New York, June 30, 2006.
Legal Support to Improve Mortgage Financing in Egypt: Analysis and Recommendations, Technical Assistance Concept Paper for USAID, Cairo, Egypt, December 15, 2005.
Rushmore vs. Lenhoff – The Key Issues in the Hotel Tax Valuation Debate, Lecturer, International Association of Assessing Officers, Chicago, December 9, 2005.
This Land is Your Land? The Public Use Doctrine in Eminent Domain, New York State Bar Journal, Vol. 77, No. 8 (October 2005 – Featured Cover Story).
A Legal Analysis of Assessment Practices and Property Tax Equity in Bronxville, New York, Technical Advisory Report to Local Government, September 12, 2005.> more
Published Works (continued):
The Decision to Go to Trial in a Property Tax Case, Seminar Panelist, 25th Annual Legal Seminar: International Association of Assessing Officers, New Orleans, April 28, 2005.
Detecting Intangible Asset Value (or Capitalized Economic Profit) in Sales to REITs: A Practical Framework for Analysis, “Real Estate Issues” (Counselors of Real Estate), Vol. 29, No. 4 (Winter 04-05). (Winner, Ballard Award for Best Article of 2005.)
Detecting, Measuring, and Separating Intangible Asset Value, Chapter Author, Property Taxation, (Institute for Professionals in Taxation, 3d Ed. 2004).
Awarding Compensation for Going Concern Value in Eminent Domain Proceedings, Co-Author, Condemnation Law & Procedures, New York State Bar Association (2005).
Freddie Mac Revelations: the Good, the Bad, and the Indifferent, Real Estate Review (Editor’s Corner), Vol. 32, No. 4.
Reform of the Property Tax in Serbia, Discussion Report and Analysis, Technical Assistance for USAID, Belgrade, Serbia, December 21, 2003.
Ethical & Unauthorized Practice of Law Issues, Moderator, 24th Annual Legal Seminar: International Association of Assessing Officers (IAAO), Chicago, December 5-6, 2003.
Diagnosing the Conditions for Property Rights in Developing Nations, Real Estate Review (Editor’s Corner) Vol. 32, No. 2 (Summer 2002).
Real Estate Investment Trusts: Market Value and Intangible Value, Lecturer, 23rd Annual Legal Seminar: International Association of Assessing Officers (IAAO), San Antonio, December 6, 2002.> more
Published Works (continued):
Changing Dynamics in Argentina’s Commercial Real Estate Market, Real Estate Review (Editor’s Corner) Vol. 31, No. 4 (Winter 2002).
Real Estate Tax Issues for Senior Care Facilities, Elder Law Attorney, Vol. 12, No. 2 (Spring 2002).
A Post Mortem (For Some) of FFO: Examining the REIT Industry’s Most Popular Measuring Stick, and Wall Street’s Disaffection With It. Paper Presented to New York University, January 5, 2002.
Enhanced Notice Requirements in Property Tax Foreclosure Cases Give Owners More Protection, New York State Bar Journal, Vol. 74, No. 3 (March/April 2002).
Measuring Land Value Using Land-Residual Analysis vs. Building Residual Analysis, Panelist at Conference held at New York University, October 25, 2001.
Quantifying Portfolio Effects Value in Transactions Involving Real Estate Investment Trusts (REITs), Paper Presented at National Property Tax Association (NPTA) 2001 Annual Meeting, Chicago, October 16, 2001.
Testing the Concept of “Intangible Value” in Sales to Real Estate Investment Trusts (REITs), Paper Presented at International Association of Assessing Officers (IAAO) 2001 Annual Conference, Miami Beach, September 10, 2001
Global Real Estate Opportunities and the “Index of Optimism”, Real Estate Review (Editor’s Corner), Vol. 31, No. 2 (Summer 2001).
Reducing Tax Assessments in Strong Real Estate Market, New York Real Estate Journal, October 2000.
Valuation of REIT-Owned Property in Tax Assessment Litigation, Research Paper Commissioned by New York University’s Real Estate Institute, Spring 2000.> more
Published Works (continued):
Dealing With Valuation Perils in Amendments to the Property Tax Law, New York Law Journal, Feb. 3, 1999, at A1. Reprinted, IAO Journal (Institute of Assessing Officers), July 1999.
School Tax Relief Necessary, But Unfairly Applied, Poughkeepsie Journal, March 16, 1998 (Op-Ed).
Lawyers Urged Not to Serve on Client Boards, Litigation News, Nov. 1997.
Real Property Interests May be Significantly Affected by Sweeping Changes to Real Property Tax Law, New York State Bar Journal, September/October 1997.
Negative Job References May Now Expose Employers to Title VII Liability, Litigation News, Sept. 1997.
Conflict Among Circuits Deepens in Law of 'Reasonable Accommodation', Litigation News, May 1997.
Preparing the Economic Expert Witness for Trial, Litigation News, January 1997.
PROFESSIONAL ASSOCIATIONS AND MEMBERSHIPS:
Counselors of Real Estate, Designated Member (CRE)
Royal Institution of Chartered Surveyors, Designated Fellow (FRICS)
New York State Bar Association, Editor-in-Chief: NYSBA Journal
American Bar Association Real Property Section: Condemnation Committee
American Bar Association Real Property Section: Property Tax Committee, Chair
International Association of Assessing Officers (IAAO), Legal Committee
International Property Tax Institute Corporate, Advisory Council
Advisory Board to the New York City Tax Commission President
Westchester County Association
Lincoln Institute of Land Policy
The Appraisal Foundation, Trustee
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