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Thomas O Jackson specializes in analyzing real property damages and contaminated property valuation.Tom Jackson is the President of Real Property Analytics, Inc. based in College Station, TX, where he specializes in analyzing real estate that may be impacted by environmental contamination as well as other complex valuation related assignments. He has over 30 years of experience in the valuation of real property, real estate consulting and urban planning. Dr. Jackson is the G. Steven Dawson Fellow in Real Estate and a Clinical Associate Professor in the Department of Finance of the Mays Business School at Texas A&M University, where for over 12 years he has taught real property valuation in the Master of Real Estate Program, one of the oldest and largest graduate real estate programs in the U.S. He has also taught courses on land development and land use planning in the College of Architecture. Dr. Jackson is a member of the American Institute of Certified Planners (AICP), an MAI member of the Appraisal Institute, a Counselor of Real Estate (CRE) and a Fellow of the Royal Institution of Chartered Surveyors (FRICS). Dr. Jackson is a former member of the Appraisal Standards Board (ASB) of The Appraisal Foundation. The ASB establishes the Uniform Standards of Professional Appraisal Practice (USPAP), the generally accepted and legally enforceable standards for real estate appraisers in the U.S. Dr. Jackson was the principal author of the ASB's Advisory Opinion 9: The Appraisal of Real Property That May Be Impacted by Environmental Contamination (see AO-9 below). He was also the author of the Appraisal Institute's Guide Note 6: Consideration of Hazardous Substances in the Appraisal Process (see GN-6 below) as issued in 2013. Dr. Jackson currently serves on the Professional Standards and Guidance Committee of the Appraisal Institute.

Dr. Jackson's research has been published in the Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Journal of Real Estate Practice and Education, Journal of Real Estate Literature, The Appraisal Journal, Real Estate Review and The Real Estate Finance Journal, and in books published by the American Real Estate Society and the Appraisal Institute. Dr. Jackson writes the Environment and the Appraiser column in The Appraisal Journal, addressing issues in the valuation of contaminated properties and other environmental topics. He is a member of the Academic Review Panel and Statistics Work Group of The Appraisal Journal as well as the Appraisal Institute's Publications Review Panel. Dr. Jackson was the principal author of the Environmental Issues section of The Appraisal of Real Estate, 13th Edition (2008), the leading appraisal textbook in the U.S. This information and framework has now been incorporated into the Contamination and Environmental Risk section of The Appraisal of Real Estate, 14th Edition (2013). Dr. Jackson also prepared definitions related to environmental contamination in The Dictionary of Real Estate Appraisal, 5th Edition (2010). These documents reflect the valuation framework and concepts set forth in AO-9 and GN-6, which represent the generally accepted framework within the appraisal profession for analyzing the effects of environmental contamination on real property.

Through the Appraisal Institute, Dr. Jackson developed the national seminar Analyzing the Effects of Environmental Contamination on Real Property which he has presented to Institute chapters in Texas, Florida and Louisiana. Dr. Jackson also developed and presented the Appraisal Institute's webinar Oil Spills and Property Values. He is an approved instructor for and has taught (with Dr. Marvin Wolverton) the Appraisal Institute's Advanced Education Course on Quantitative Analysis, focusing on the use of multiple regression analysis in valuation assignments. Dr. Jackson served on the Education Committee of the Appraisal Institute from 2007 to 2011.

Dr. Jackson has provided expert witness testimony in litigation matters involving: the impacts of soil, groundwater, airborne and surface water contamination and alleged contamination on property values; real estate issues related to proposed environmental class actions; the impacts of high voltage electric transmission lines on property values; the valuation and highest and best use of properties subject to eminent domain; real estate development feasibility; planning and land use regulation; and other real property related issues.

Dr. Jackson has a Ph.D. in Urban and Regional Science from Texas A&M University, master's degrees from the University of North Carolina at Chapel Hill and The Ohio State University, and is an honors graduate of the University of South Florida. Dr. Jackson's dissertation at Texas A&M focused on analyzing the effects of environmental contamination on real estate and was funded by the National Science Foundation and the Lincoln Institute of Land Policy.

Dr. Jackson is a Certified General Real Estate Appraiser in Texas (TX-1327090-G) and Louisiana (G2118).

Thomas O. Jackson Curriculum Vita (PDF format). Thomas O. Jackson Printable Bio (PDF format).

Dr. Jackson's colleagues at Real Property Analytics, Inc. include Jennifer Pitts, Wayne Day and Chris Yost-Bremm.

Jennifer Pitts is a graduate of Texas A&M University with a master's degree in land economics and real estate and a bachelor's degree (summa cum laude) in finance. At Texas A&M, she was an Appraisal Institute Scholarship recipient, a Mitte Scholar in the Mays Business School, a member of the Phi Kappa Phi Honor Society, and a participant in the Business Honors Program. She has co-authored several recent articles on environmental issues for The Appraisal Journal. In addition, she is a Certified General Real Estate Appraiser in Texas (TX-1380184-G). Jennifer Pitts Curriculum Vita.

Wayne Day is a Ph.D. student in Urban and Regional Science at Texas A&M University and is also working on a master's degree in real estate at Texas A&M. He has a master of science degree in real estate and sustainability from the University of Texas at Arlington and a bachelor's degree in business from the University of North Texas. Current research interests involve the effects of environmental amenities and disamenities on property values. At Texas A&M, he has been awarded the History Maker Homes Endowed Scholarship and the Jesus H. Hinojosa Endowed Scholarship. Wayne Day Curriculum Vita.

Chris Yost-Bremm is a Ph.D. student in Finance at Texas A&M University. He holds an MBA (with distinction), along with undergraduate degrees in business, international economics (with honors), and engineering from California State University. His research focus currently spans various topics in empirical asset pricing including the analysis of pricing impacts from external influences and events. Chris' interests include econometrics and statistical modeling. Chris Yost-Bremm Curriculum Vita.

Appraisal Institute's Guide Note on Appraising Properties with Hazardous Substances (GN-6):

Appraisal Standards Board's Advisory Opinion on Contaminated Property Valuation (AO-9):

Downloads and links for selected publications:

This page was last updated on January 27, 2015