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Nicholas S. Ostman, MAI Mr. Ostman has been actively involved in appraising real estate since 1991. He has completed real estate appraisals of all types of property including commercial, industrial, retail, multi-family residential, and single-family residential. Mr. Ostman is also a principal and shareholder of Diversified Real Estate Services, Inc. EDUCATION Graduate of St. Cloud State University with a Bachelor of Science Degree in Real Estate. Educational emphasis was on commercial and residential appraisal. Applicable topics of study included commercial appraisal, single-family residential appraisal, real estate principles, real estate law, real estate property management, real estate investments, real estate finance, and urban and regional economics, construction theory, and environmental impact statements. PROFESSIONAL REAL ESTATE STUDIES Completed the following real estate appraisal courses offered by the Appraisal Institute:
Mr. Ostman has taken over 100 hours of continuing education in the past five years. MEMBER OF THE APPRAISAL INSTITUTE MAI Designation Number 11724 BUSINESS EXPERIENCE Diversified Real Estate Services, Inc., Minneapolis, Minnesota: Principal/Shareholder/ Appraiser/Analyst, April 1994 to Present. Minneapolis Teachers' Retirement Fund Association, Minneapolis, Minnesota: Asset and Property Manager, February 1993 to March 1994. Appraisal Engineering Bureau, Inc., Minneapolis, Minnesota: Associate Staff Appraiser, 1991-1993. PROFESSIONAL MEMBERSHIPS Licensed Appraiser by the State of Minnesota, Certified General Real Property Appraiser License #4003028. Licensed Real Estate Broker, State of Minnesota, ID #20026289. Member of the St. Cloud State Real Estate Alumni Association. Member of the Board of Directors for the Metro/MN Chapter of the Appraisal Institute. Member of the Board of Directors for the Appraiser Data Network (ADN) EXPERIENCE Appraisal experience has included preparing professional valuations and market analysis of commercial, industrial, and residential real estate. Appraisal assignments have involved numerous types of commercial, industrial, multi-family and single-family residential properties. The specific purpose of these assignments have included mortgage financing, condemnation, tax abatement proceedings, feasibility analysis, purchase/sales analysis, lease and rental analysis, internal management decisions, and various litigation purposes. |
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