4805 Spearman Drive
College Station, Texas 77845-4412 (979) 574-1930
Tom Jackson specializes in analyzing real estate that may be impacted by environmental contamination as well as other complex valuation related issues. He has over 36 years of experience in the valuation of real property, real estate consulting and urban planning. In addition, he is the founder of Real Property Analytics, Inc., a real estate appraisal and consulting firm he operated successfully for over 18 years. Previously, Dr. Jackson was 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 he taught real property valuation in the Master of Real Estate Program, consistently ranked as one of the best graduate real estate programs in the U.S. He also taught courses on land development and land use planning in the College of Architecture. Dr. Jackson is an MAI Member of the Appraisal Institute, a professional designation he has held for more than 25 years. In addition, he 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 (AO-9). He was also the principal author of the Appraisal Institute's Guide Note 6: Consideration of Hazardous Substances in the Appraisal Process (GN-6). Together, AO-9 and GN-6 represent the generally accepted approach within the appraisal profession for analyzing the effects of environmental contamination on real property. Dr. Jackson served on the Professional Standards and Guidance Committee of the Appraisal Institute from 2012 to 2015.
Dr. Jackson's research has been published in The Journal of Real Estate Finance and Economics, Journal of Real Estate Research, The Appraisal Journal, Journal of Real Estate Practice and Education, Journal of Real Estate Literature, Renewable Energy Focus, Real Estate Review and The Real Estate Finance Journal, and in books published by the Appraisal Institute and the American Real Estate Society. For ten years, Dr. Jackson authored or co-authored the Environment and the Appraiser column in The Appraisal Journal, addressing issues in the valuation of contaminated properties and other environmental topics. He also served as a member of the Academic Review Panel and Statistics Work Group of The Appraisal Journal. Dr. Jackson was a contributor/reviewer for The Appraisal of Real Estate, 13th (2008), 14th (2013) and 15th (forthcoming) Editions as well as The Dictionary of Real Estate Appraisal, 5th (2010) and 6th (2015) Editions. These textbooks reflect the valuation framework and concepts set forth in AO-9 and GN-6.
Through the Appraisal Institute, Dr. Jackson developed the national seminar Analyzing the Effects of Environmental Contamination on Real Property which he presented to Institute chapters in Texas, Florida and Louisiana. Dr. Jackson also presented or co-presented the Appraisal Institute webinars Selling Into the Sun - Solar Panel Research Report, Wind Turbines and Property Values, Contaminated Property and the Valuation Process and Oil Spills and Property Values. In addition, he 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 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 commercial and industrial real estate and was funded by the National Science Foundation and the Lincoln Institute of Land Policy. Dr. Jackson's research on the effects of wind turbines and solar panels on residential real estate was funded by the Lawrence Berkeley National Laboratory.
Dr. Jackson has provided expert witness testimony over 100 times 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.
Thomas O. Jackson Curriculum Vitae
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