Michael Castro, ASA
Experience includes preparation of appraisals with a specialty in healthcare valuations. Property and equipment types include hospitals, clinics, assisted-living facilities, schools, colleges, distribution facilities, and food processing facilities, industrial buildings, land, manufacturing plants, medical office buildings, nursing homes, office buildings and residential properties.
Michael Castro has over thirty years experience in the valuation field, with the last 16 years focusing on healthcare properties.
Mr. Castro has been engaged in the appraisal profession since 1979. The following is a professional history:
Engagement Director, American Appraisal Associates
Conduct field appraisals for Insurable Replacement Values for Real and Personal Property for commercial, public sector and healthcare properties. Conduct a building segregation of components and replacement cost values, assign appropriate lives and depreciated cost. Review and advise on building values and office valuations. Develop area allocation studies. Perform fair market appraisals for healthcare equipment. Manage and supervised field and office personnel.
Manager/Senior Appraiser, Valuation Counselors
Experience primarily in the public sector and healthcare field: Conduct field appraisals for Insurable Replacement Values for Real Property and Personal Property. Conduct Market Appraisals for medical equipment. Knowledge with Marshall & Swift and Means Construction Manuals. Coordinate, manage and supervise field and office work for the development of property records, Fixed Asset Reconciliation’s. Coordinated efforts in developing computerized asset inventory procedures. Develop area allocation studies.
Sr. Appraiser/Valuation Specialist, Kemper Insurance Companies
Evaluate Healthcare and Industrial Buildings and Personal Property for an appraisal of Insurable Replacement Values. Knowledge with Marshall & Swift and Means Construction Manuals. Conduct field appraisals, office valuations and yearly update value service. Research and develop appraisal information to develop credible values. Assist in producing appraisal manuals for procedures and insurable cost information. Develop appraisal guidelines for underwriter’s and. engineers. Provide quotations for fee appraisals. Maintain fixed asset records and reconciliation of property ledgers. Square foot studies for the Healthcare Industry.
American Society Appraisers, Accredited Senior Appraiser 1999
EDUCATION, LICENSES, AND DESIGNATIONS
University of Illinois, Chicago
Major in Architecture and Business Administration
ASA Designation – Machinery and Technical Specialties/Machinery and Equipment
Course 1 – Introduction to Machinery and Equipment Valuation
Course 2 – Machinery and Equipment Valuation Methodology
Course 3 – Machinery and Equipment Valuation – Advanced Topics and Case Studies
Course 4 – Machinery and Equipment Valuation – Advanced Topics and Report Writing
USPAP & Ethics Requirements