QUALIFICATIONS OF HENRY C. DAMGAARD

Employment Experience:

Lake and Damgaard - Appraiser and Owner (September, 1987 - present) of the commercial and industrial real estate appraisal firm located in Charlottesville, Virginia. The firm specialized in appraising all types of commercial and industrial real estate throughout central Virginia and Marylan with primary emphasis on the Thomas Jefferson Planning District, Central Shenandoah Planning District, Richmond-Petersburg MSA and Roanoke MSA.

Chaney & Associates - Appraiser (May 1996 – December, 1998) Part time independent contractor with commercial real estate valuation and consultation firm located in Washington, D.C. Acted as primary appraiser for institutional grade commercial, industrial and residential properties including office buildings, shopping centers, industrial plant and flex space properties, apartment developments and residential subdivisions. Geographic areas covered included District of Columbia, Maryland, Virginia, West Virginia and North Carolina.

Roy Wheeler Realty Company - Real Estate Sales Associate (1981 - 1990) with a full service real estate sales company located in Charlottesville, Virginia. Began association with firm as a residential sales associate in 1981. Participated in residential sales in excess of $1,000,000 each year between 1981 and 1990. Named as outstanding associate for firm in 1985. Named to Vice President in charge of commercial division of firm in 1985. - Real Estate Sales Associate (1981 - 1990) with a full service real estate sales company located in Charlottesville, Virginia. Began association with firm as a residential sales associate in 1981. Participated in residential sales in excess of $1,000,000 each year between 1981 and 1990. Named as outstanding associate for firm in 1985. Named to Vice President in charge of commercial division of firm in 1985.

National Legal Research Group - Consulting Attorney (1980 - 1983) with a national legal consultation firm centered in Charlottesville, Virginia. Assisted attorneys nationwide in research and writing for complex commercial law matters. Primary areas of specialty was in banking law and bankruptcy law. - Consulting Attorney (1980 - 1983) with a national legal consultation firm centered in Charlottesville, Virginia. Assisted attorneys nationwide in research and writing for complex commercial law matters. Primary areas of specialty was in banking law and bankruptcy law.

Smith, Damgaard and Briggs - Partner (1977 - 1980) with a general practice law firm located in Livermore Falls, Maine. Involved in general practice of law with primary areas of specialty in real estate and banking law. - Partner (1977 - 1980) with a general practice law firm located in Livermore Falls, Maine. Involved in general practice of law with primary areas of specialty in real estate and banking law.

Jurisdictional Certification: Commonwealth of Virginia - Certified General (#4001 - 000618) and State of Maryland - Certified General (License #11648).

General Education:

1990 - 1993 - Successfully completed several courses offered by the Appraisal Institute. Specialized courses include Hotel Valuation and Valuation in Litigation.
1977 - JD (with honors), University of Iowa, Iowa City, Iowa
1973 - BA, American Studies, Coe College, Cedar Rapids, Iowa

Recent Appraisal Experience:

Office, Retail and Industrial Buildings - Have appraised all types of office, retail and industrial buildings from 1,000 to 600,000 square feet and located throughout Virginia and surrounding jurisdictions. Appraisal assignments have included retail shopping centers, multi-building office developments and manufacturing facilities. Have performed several appraisals of day care facilities. Have appraised several gasoline service stations on behalf of the Exxon Corporation. Restaurants appraised have included fast food restaurants and full service, family oriented restaurants.

Country Estates - Have appraised several historic country estates in Albemarle County, Orange County, Fluvanna County and Madison County. Recent examples includes "Hatton Grange", a 2,500 acre estate with a 7,500 square foot manor home, "Enniscorthy", a 1,200 acre estate with a 13,000 square foot manor home and "Estouteville", a 440 acre estate with another 13,000 square foot manor home. - Have appraised several historic country estates in Albemarle County, Orange County, Fluvanna County and Madison County. Recent examples includes "Hatton Grange", a 2,500 acre estate with a 7,500 square foot manor home, "Enniscorthy", a 1,200 acre estate with a 13,000 square foot manor home and "Estouteville", a 440 acre estate with another 13,000 square foot manor home.

Country Inns - Extensive experience in the appraisal of country inns in Virginia including the Prospect Hill Country Inn (Louisa County), the Silver Thatch Inn (Albemarle County), the Willow Grove Inn (Orange County), the Mayhurst Inn (Orange County) and Oceola Mill (Rockbridge County). - Extensive experience in the appraisal of country inns in Virginia including the Prospect Hill Country Inn (Louisa County), the Silver Thatch Inn (Albemarle County), the Willow Grove Inn (Orange County), the Mayhurst Inn (Orange County) and Oceola Mill (Rockbridge County).

Apartments/Hotels - Have recently appraised apartment developments in central Virginia, northern Virginia and the Shenandoah Valley. Have appraised several apartment developments funded with LIHTC financing. Have appraised hotels in Charlottesville and in Lancaster County, Virginia. - Have recently appraised apartment developments in central Virginia, northern Virginia and the Shenandoah Valley. Have appraised several apartment developments funded with LIHTC financing. Have appraised hotels in Charlottesville and in Lancaster County, Virginia.

Residential and Industrial Subdivisions - Have prepared master appraisal reports for several residential subdivisions in central Virginia. Have also appraised three parcels of industrially zoned property totaling over 500 acres suitable for industrial subdivision and located in North Dulles Planning District in Loudoun County, Virginia. - Have prepared master appraisal reports for several residential subdivisions in central Virginia. Have also appraised three parcels of industrially zoned property totaling over 500 acres suitable for industrial subdivision and located in North Dulles Planning District in Loudoun County, Virginia.

Special Purpose Properties – Have performed appraisals of several special purpose properties including cold storage facilities, funeral homes, Insurance Institute of Highway Safety building, preservation easements and vineyards.

Technological Expertise: Have working knowledge of several general use and proprietary software systems including Microsoft Office, Lotus Smart Suite, Argus, MCS "UCIAR" System and Costar Database. Have extensive internet experience including demographic and market research.

Partial Client List: SunTrust Bank, Bank of America, Virginia National Bank, First Union Bank, Wachovia Bank,LaSalle National Bank, Zions National Bank, Chase Manhattan Bank, General Services Administration, University of Virginia, Prudential Mortgage Capital, Virginia Housing and Development Authority, World Omni Financial

Contact: Henry C. Damgaard, 362 Squirrel Path, Charlottesville, Virginia 22901 – (434) 974-1905 (voice), (434) 974-4678 (fax), hcd@va-re.com (email).