Presenters:

Theddi Wright Chappell, CRE, MAI, FRICS, AAPI, Sustainable Values, Portland, OR

Chris Corps, Asset Strategics Ltd., Victoria, BC

Randell Leach, Chief Credit Officer, ShoreBank Pacific, Portland, OR

Convener:

Brandon Smith, Chief Operating Officer, Cascadia Region Green Building Council, Portland, OR

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This panel of real estate experts will address one of the most daunting questions facing the green building movement - How much is green building really worth? Through a series of real world examples, this panel will investigate green aspects, components and strategies and how they impact property value.  Using both new and existing properties as examples, they will demonstrate how their specific attributes impact value and investment appeal.  They will help participants understand how the investor, developer, valuation and underwriting communities assess those factors that influence the "value" of the choices made in materials, design, trade-off analysis and leasing trends.

*Due to technical difficulties, podcasts for this educational session will not be available.

Presenter Bios

Theddi Wright Chappell
Theddi Wright Chappell, CRE, MAI, FRICS, AAPI, LEED AP, is CEO of Sustainable Values, Inc., a consulting practice specializing in market, feasibility and investment analysis, specifically related to the valuation and financing of new, existing, and urban redevelopment projects, as well as the identification and quantification of the benefits of sustainable development.  She has extensive experience with both national and international corporate and institutional clients, having completed assignments throughout the US, in Canada, Australasia and Europe.  She currently serves as the Ambassador for Sustainable Initiatives for the US Appraisal Institute and has just completed a one-day seminar for the Appraisal Institute entitled “An Introduction to Valuing Green Buildings”.

Chris Corps
Chris Corps, a former chairman of the Canadian Royal Institute of Chartered Surveyors (RICS), has led industry efforts to better understand and accurately incorporate into the balance sheets of corporations the value of Green Buildings. His leadership in the publication of the 2005 RICS study “Green Value,” broke new ground and moved the discussion of Green Valuation forward.  He also organized the Vancouver Valuation Summit and Accord in 2007 which was a response to the evolving importance of sustainability and the need for its implications to be understood in valuations and appraisals.

Randell Leach
Randell Leach is the Chief Credit Officer at ShoreBank Pacific, the nation's leading environmental and community development bank. He heads the bank's efforts to invest in people, businesses, and real estate in the Pacific Northwest to create strong companies, vibrant communities, and a healthy environment. To effect the bank's strategy, Randell seeks to invest its resources where he can 1) help raise awareness of social and environmental responsibility, and 2) help people and businesses actively engage in sustainable practices. Randell has created the bank's lending practice for the sustainable use of real estate, and works with other members of the financial community (from other bankers to investors to appraisers) to further embrace environmental opportunities within their economic models. He has 12 years financial expertise and was the founder of a financial software company. He currently serves on the Board of Directors of Portland-based non-profit, Friends of Trees, whose mission is to inspire community stewardship of our urban forest by bringing people in the Portland-Vancouver area together to plant, care for, and learn about city trees. Randell has a business degree from the University of San Diego.

Brandon Smith
After joining the Cascadia in February of 2004, Brandon helped organize the Greenbuild International Conference and Expo and build Cascadia’s organizational capacity. He is currently responsible for managing the organization’s accounting, technology, human resources,  and corporate fundraising program.  He also leads Cascadia’s Green Building Value Initiative. Prior to joining Cascadia, Brandon worked as an Export Consultant on projects in Spain and China.  He graduated from the University of Florida with a Master’s Degree in International Business and has lived and studied in France and Mexico.