1960-1964
Harvard College
BA in Economics

1968-1970
The Wharton School, University of Pennsylvania
MBA in Corporate and Real Estate Finance

1985-Present
Untold courses/seminars on real estate and business valuation, brokerage, etc.

Appraisal and Consulting Experience

1984 to Present
Have performed hundreds of appraisal and consulting assignments on all types of real estate including: high-rise and suburban office buildings, major retail complexes and freestanding stores, industrial properties, apartment complexes, hotels and motels, and developable land. Assignments have involved properties in approximately ten different states with individual property values ranging to over $100 million. In recent years a large portion of the work has been related to litigation and expert witness testimony.

1983-1984
New England Regional Sales Manager for Arthur D. Little Valuation, Inc. - Sold and coordinated appraisal services principally to major corporate clients.

Brokerage and Finance Experience

2001 to Present
Member of the commercial division of Coldwell Banker Commercial NRT (Naples, Florida) with involvement in a variety of brokerage assignments generally teaming with other commercial brokers.

1996/1997
During parts of 1996 and 1997, worked on specialty marketing and feasibility projects with full service Boston area real estate company. During this period, was a broker of record on the sale of a $17 million dollar office building and a 200,000 square foot industrial building as well as performing various lease and consulting assignments.

1980-1983
External and internal consultant to the FMR Corporation (parent of Fidelity Investments). Worked directly for Edward C. ("NED") Johnson on a number of special projects. Developed my idea for an inflation based mortgage instrument into a viable financial services product. Startup member of the development team that won the right to develop Commonwealth Pier into what is now Boston's World Trade Center and was contact person for IBM's commitment to be the leadoff prime tenant.

1974-1980
Independent mortgage broker. Performed on a consulting basis feasibility studies, market analysis and lender negotiation. Served as an exclusive correspondent for Connecticut National Bank's mortgage subsidiary originating, underwriting, and servicing a portfolio of unconventional loans. Brokered both sides of the sale of a major apartment complex in Stoneham, Massachusetts.

1973-1974
Kuras and Company (Boston) - Senior mortgage broker originating, packaging and placing conventional real estate loans.

1969-1973
Provident National Bank (Philadelphia) - underwriting construction, land development and standing loans as well as lines of credit to real estate syndicators. Was responsible for all of the bank's lines of credit to real estate investment trust clients and initiated the bank's complete withdrawal from them before the 1973 REIT industry crash.

Articles and Publications

Authored "Deriving IRR Sets from Market Transactions", a ground breaking article demonstrating how discounted cash flows can be given more integrity; published in the Appraisal Journal, April 1995.

Based on the above article, developed and presented on multiple occasions a three hour seminar approved by Massachusetts and the Appraisal Institute for continuing education credit.

Authored "The Illusive Definitions of NOI and OAR", an article demonstrating the imprecise nature of the definitions of these terms and the dangers associated therewith; published in the Appraisal Journal, January 1998.

Professional Affiliations and Licenses:

Member of the Appraisal Institute - MAI Designation
State Certified General Real Estate Appraiser (inactive) in multiple states including:
    Massachusetts - License Number 1003
    Florida - License Number RZ 2555
    Other States - temporary licenses obtained on ad hoc basis
Licensed Real Estate Broker (inactive) in Massachusetts and Florida
    Massachusetts - License Number 89470
    Florida - License Number BK-3009995

Contact

Florida Telephone....239-949-2289             Email:.... JMF@JohnMFrancis.com
Boston Telephone.....617-332-1411