The November Chapter Meeting will be held on Wednesday, November 19, 2014 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30.
The guest speaker will be Walter O’Connell, ASA, Senior Consultant at the Wayne, Pennsylvania firm of Porto Leone Consulting, LLC, which provides valuation and cost segregation services. He will talk about “Cost Segregation.”
Mr. O’Connell holds a B.A. in Economics and B.S. in Finance from Kean University, and an M.A. in Economics from Montclair State University. He manages cost segregation studies and tangible asset valuations for Porto Leone, where he has performed and managed cost segregation studies on hundreds of properties. He has also performed tangible asset valuations for tax, book, insurance placement, due diligence, and business planning purposes in a variety of industries.
Walter will explain the meaning of cost segregation and review the basics of cost segregation in relation to commercial real estate depreciation for income tax purposes. He will also discuss the valuation tools used in the development of a qualified cost segregation study.
As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.
Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, November 14, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).
The National USPAP Update Course from the Appraisal Foundation is a one-day course that focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers. This course, which clarifies several commonly misunderstood aspects of USPAP, will aid appraisers in all areas of appraisal practice seeking updated USPAP competency, including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers. 
The guest speaker will be Bob Wegbreit, one of three partners in the West Conshohocken firm of 
Mr. Golkow, who holds a B.S. in Economics from the Wharton School of Business and a J.D. from the University of Pennsylvania Law School, has drafted and negotiated many buy-sell agreements, including model buy-sell provisions for Pennsylvania LLCs as a member of the Pennsylvania Bar Association’s PA LLC Forms Committee Task Force. He has also served as an expert witness regarding buy-sell agreements, and is a frequent speaker and lecturer on the topic.
Jim Hurt joined the ASA in March 2012, bringing with him over 17 years experience as a nonprofit executive. A graduate of California State University-Fullerton with an M.A. in Business Administration from National University, he had previously served as as Executive Director for the American Association of Poison Control Centers and the American Poison Control Center Foundation. At these organizations, and others before them, he focused on education programming, branding, communications, strategic planning, and certification and accreditation programs. Conditioned by Jim’s extensive experience in association management, international relations, and public-private partnerships, his talk about ASA’s current outlook is sure to be enlightening.
Mr. Mitchell holds a BA from Gettysburg College and an MBA in Finance from LaSalle University. He joined Haverford Capital Advisors in 1998. His professional experience includes a broad range of business valuation and transaction advisory projects with a particular focus on clients in the healthcare industry. He has substantial experience in valuing pathology and clinical laboratories; radiology and imaging centers; and ambulatory surgery centers. 
This 15-Hour USPAP Course presents an overview of the USPAP 2012-2013 regulations and guidelines, and fulfills the requirements of appraisal societies for designation, and for USPAP continuing education.