4805 Spearman Drive, College Station, TX 77845-4412
Phone: 979-690-1755 Fax: 979-690-1750
Email: tomjackson@real-analytics.com
Website: www.real-analytics.com
THOMAS O. JACKSON, Ph.D., AICP,
MAI, CRE, FRICS
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 and 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 10 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 advisory opinion on valuing real
property that may be impacted by environmental contamination (see AO-9, below).
Dr. Jackson currently serves on the Appraisal Standards and Guidance Committee
of the Appraisal Institute.
Dr. Jackson's research has been published in
the
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 in
The Appraisal of Real Estate, 13th Edition (2008), the leading appraisal textbook in the U.S.,
and he
currently serves on the project team for
The Appraisal of Real Estate, 14th Edition, forthcoming. Dr. Jackson also prepared definitions related to environmental contamination
in The
Dictionary of Real Estate Appraisal, 5th Edition (2010). These documents
incorporate the valuation framework and concepts set forth in AO-9, which has
become 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 recently (2012) co-instructed (with Dr. Marvin Wolverton) the Appraisal
Institute's new 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. He currently
serves on the Institute's University Relations Panel.
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; the valuation
and highest and best use of properties subject to eminent domain; development
feasibility; planning and land use regulation; and other real property 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), Florida (Cert Gen RZ1721) 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 and Stephanie Hartmann.
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.
Stephanie
Hartmann is a graduate of Texas A&M
University with a master's degree in real estate. At Texas A&M, she
received the Valero Energy Corporation and Schmedemann Endowed Scholarships. She
has a bachelor's degree (summa cum laude) in real estate from Baylor
University's Hankamer School of Business and was selected top real estate
graduate of 2009. In addition, she was a National Merit Scholar and a member of
the Beta Gamma Sigma Honor Society.
Stephanie
Hartmann Curriculum Vita.
Course websites (for Texas A&M real estate students only, please):
ASB Advisory Opinion on Contaminated Property
Valuation (AO-9):
Downloads and links for selected articles:
-
Advisory Opinion 9 and Contingent Valuation
(with J. Pitts and S. Norwood), The Appraisal Journal, 2012, Vol. 20, No.
3, 206-209.
-
The Effects of Electric Transmission Lines on Property Values: A Literature
Review (with J. Pitts), Journal of Real Estate Literature, 2010, Vol. 18, No.
2, 239-259.
-
Electric Transmission Lines: Is There an Impact on Rural Land Values? Right
of Way, November/December 2010, 32-35.
-
Real
Property Valuation Issues in Environmental Class Actions, The Appraisal Journal, 2009, Vol. 78, No.
2, 141-149.
-
When Good Things Happen
to Bad Properties, The Appraisal Journal, 2009, Vol. 77, No.
2, 112-116.
-
Green Buildings:
Valuation Issues and Perspectives
(with J. Pitts), The Appraisal Journal, 2008, Vol. 76, No.
2, 115-118.
-
Power Lines and
Property Values Revisited
(with J. Pitts), The Appraisal Journal, 2007, Vol. 75, No.
4, 323-325.
-
Municipal Setting
Designations: A New Tool for Reducing Environmental Risk and Cost Effects on
Property Values
(with J. Pitts), The Appraisal Journal, 2007, Vol. 75, No.
2, 105-108.
-
Institutional
Controls and Contaminated Property Valuation
(with M. Sowinski), The Appraisal Journal, 2006, Vol. 74, No.
4, 328-332.
-
Innocent Landowner
Programs and Their Effects on Environmental Risk and Property Value Impacts
(with J. Pitts), The Appraisal Journal, 2006, Vol. 74, No.
2, 117-124.
-
Groundwater Contamination and Real Estate Investment Risk, Journal of Real
Estate Practice and Education, 2005, Vol. 8, No. 1, 115-131.
-
Evaluating
Environmental Stigma with Multiple Regression Analysis, The Appraisal Journal, 2005, Vol. 73, No.
4, 363-369.
-
The EPA's
Proposed All Appropriate Inquiries Rule and the Appraisal of Contaminated
Properties, The Appraisal Journal, 2005, Vol. 73, No.
2, 146-153.
-
Surveys, Market Interviews
and Environmental Stigma, The Appraisal Journal, 2004, Vol. 72, No.
4, 300-310.
-
Case
Studies Analysis: Environmental Stigma and Monitored Natural Attenuation, The Appraisal Journal, 2004, Vol. 72, No.
2, 111-118.
-
Methods and Techniques for
Contaminated Property Valuation, The Appraisal Journal, 2003, Vol. 71, No.
4, 311-320.
-
Appraisal Standards and Contaminated Property Valuation, The Appraisal Journal, 2003, Vol. 71, No. 2, 127-133.
-
Environmental
Contamination and Industrial Real Estate Prices, Journal of
Real Estate Research, 2002, Vol. 23, No. 1/2, 179-199.
(Link to ARES/JRER website)
-
The
Analysis of Environmental Case Studies (with R. Bell), The Appraisal Journal,
2002, Vol. 70, No. 1, 86-95.
-
Environmental
Risk Perceptions of Commercial and Industrial Real Estate Lenders, Journal of
Real Estate Research, 2001, Vol. 22, No. 3, 271-288.
(Link to ARES/JRER website)
-
The
Effects of Environmental Contamination on Real Estate: A Literature Review,
Journal of Real Estate Literature, 2001, Vol. 9, No. 2, 93-116.
-
The
Effect of Previous Environmental Contamination on Industrial Real Estate Prices,
The Appraisal Journal, 2001, Vol. 69, No. 2, 200-210
-
Mortgage-Equity
Analysis in Contaminated Property Valuation, The Appraisal Journal, 1998,
Vol. 66, No. 1, 46-55
-
Risk Factors in the
Appraisal of Contaminated Property (with J. Chalmers), The Appraisal Journal, 1996,
Vol. 64, No. 1, 44-58.
This page was last updated on
January 18, 2013