EXPERIENCE
7/95 to Present Appraisal Associate -Beer- Wells- Todd, Real Property Analysts, Inc; Dallas, Texas
12/94 to 6/95 Associate -The Jay Massey Company; Commercial Real Estate Valuation; Dallas, Texas
8/92 to 12/94 Associate -Noyd & O'Connell, Inc.; Real Estate Appraisers & Consultants, Inc.; Dallas, Texas
3/88 to 8/92 Associate -Wendell Pyles & Company; Real Estate Appraisers & Consultants, Inc.; Dallas, Texas
Summer 1987 Summer Intern -Coldwell Banker Commercial Real Estate Services; Houston, Texas

During Mr. Carson's tenure as a real estate appraiser, has prepared numerous valuations on a variety of high profile and complex income producing real estate developments. These assignments required analytical, communication, and problem-solving skills, which Mr. Carson has continually enhanced since his inception into the profession. Some of the more complex assignments in which Mr. Carson has completed appraisals which involve The Crescent, one of the premier mixed-use office/hotel/retail developments in the nation; retrospective valuations of the leased fee and sublease interests in three branch bank facilities; the Promenade Center in Richardson, Texas; and numerous Foxworth-Galbraith lumberyards and Wyatt's Cafeterias located throughout North and Central Texas. Mr. Carson has completed assignments across the state of Texas, as well as in Colorado, Oklahoma, Nebraska, and Nevada.

PROFESSIONAL LICENSE AND AFFILIATIONS
Designated member of The Appraisal Institute - MAI #11964
State Certified General Real Estate Appraiser (Certificate Number TX-132349l-G)
Licensed Salesman by the Texas Real Estate Commission
Member- Society of Texas A&M Real Estate Professionals

EDUCATION
Master of Agricultural Degree -Land Economics and Real Estate, Texas A&M University, 1988,
Bachelor of Science Degree -Agricultural Economics, Texas A&M University , 1986.

The Land Economics and Real Estate curriculum at Texas A&M University is one of only three degree programs in the United States which have been sanctioned by The Appraisal Institute for post-graduate studies in commercial real estate appraisal. Mr. Carson received the Master's degree in May 1988. Prior to his graduate studies, Mr. Carson received a Bachelor of Science Degree in May 1986.

The Appraisal Institute courses completed by Mr. Carson include: Capitalization Theory and Techniques -Part A, Capitalization Theory and Techniques -Part B, Real Estate Appraisal Principles, Basic Valuation Procedures, Case Studies in Real Estate Valuation, Report Writing & Valuation Analysis, and Standards of Professional Practice. Related seminars include: Rate Extraction, Discounted Cash Flow Analysis, and Subdivision Analysis.

Some of the college level real estate courses and appraisal courses completed by Mr. Carson include: Real Estate Development Analysis; Real Estate Decisions; Appraisal of Income Producing Properties; Appraisal of Pipelines and Public Utilities; Accounting; Economics; Building Construction Practices; Financial, Agricultural, and Oil/Gas Law; Land Economics; Farm and Ranch Appraisal; and Soil Science.

Technical applications utilized by Mr. Carson include: Microsoft Windows, Excel, Word Perfect, Lotus, Word for Windows, Argus, PorJect, Relay, MicroRearn, and the RTC Affordable Housing Spreadsheet.