Professional Qualifications of Michael R. Cliggitt, MAI, MRICS, CCIM
Michael R. Cliggitt, MAI, MRICS, CCIM is a commercial real estate analyst and advisor providing appraisal services, property valuation and property tax appeal consultation, property acquisition/disposition services, and tenant representation throughout the Central Florida market. Services have been performed for a variety of client types including lending institutions, government entities, attorneys, CPAs/financial professionals, corporations, investors, as well as both individual property owners and tenants.
FORMAL EDUCATION
College/University Education
University of Central Florida - Orlando, Florida
Bachelor of Science in Business Administration -Finance
High School Education
Jesuit High School - Tampa, Florida
REAL ESTATE AND APPRAISAL EDUCATION
Michael R. Cliggitt has completed all coursework required for the MAI, MRICS, and CCIM designations. Additionally, all required coursework for certification as a State Certified General Real Estate Appraiser and for licensure as a Licensed Real Estate Broker has been completed. Annual and bi-annual professional continuing education is completed to satisfy all continuing education requirements of the Florida Real Estate Appraisal Board (FREAB), the Florida Real Estate Commission (FREC), as well as additional continuing educational requirements mandated by the Appraisal Institute, Royal Institute of Chartered Surveyors, and CCIM Institute. A partial list of completed coursework is included below
Appraisal Institute Courses and Seminars
General Applications
Advanced Income Capitalization
General Market Analysis and Highest & Best Use
Advanced Sales Comparison & Cost Approaches
Report Writing and Valuation Analysis
Advanced Applications
Real Estate Finance, Statistics, and Valuation Modeling
Small Hotel/Motel Valuation
Carving Out Your Legal Niche: Do's and Don'ts of Litigation Support
Appraiser as an Expert Witness: Preparation and Testimony
Litigation Appraising: Specialized Topics and Applications
Contamination and the Valuation process
Analyzing Distressed Real Estate
Subdivision Valuation
Marina Valuation Overview
Valuation for Financial Reporting
Using AVM's Wisely and Productively
Business Practices & Ethics
Standards of Professional Practice (USPAP)
National Association of Certified Valuation Analysts (CTI) Courses, Seminars & Webinars
Business Valuation Certification and Training Center (Richard Gray, Mel Abraham, Rob Stutz)
Comprehensive Certified Business Appraiser Workshop (Shannon Pratt, Ron Rudich, Peter Agrapides)
Business Valuation Resources Courses, Seminars & Webinars
Valuing a Real Estate Holding Company: A Deeper Look at the Underlying Data with Case Study
Alternative Energy – Understanding Critical Business Valuation Issues
Valuing Paving Contractors
Valuing Midstream Oil and Gas Companies
Forecast and Projections for Small Companies
Stop Overvaluing Synergies
Fairness Opinions
Royal Institute of Chartered Surveyors Courses/Seminars
Business Valuation for Real Property Professionals
Introduction to Behavioral Real Estate
HUD/FHA Courses & Seminars
Multifamily Accelerated Processing (MAP) Valuation Training for Third Party Appraisers
Certified Commercial Investment Member Institute Courses
Financial Analysis for Commercial Real Estate
User Decision Analysis for Commercial Real Estate
Negotiations Training (CCIM Interests Based Negotiation Model) Commercial Investment Real Estate Disposition Strategies Outlook for Federal Tax Legislation Affecting Commercial Real Estate
University of Central Florida Courses
Real Estate Appraisal and Valuation
Real Estate Law
Real Estate Investment Analysis
Property & Real Estate Law
Fundamentals of Real Estate
DESIGNATIONS, CERTIFICATIONS, AND LICENSES
MAI Designated Member of the Appraisal Institute
MRICS Designated Valuation Member of the Royal Institute of Chartered Surveyors
CCIM Designated Member of the Certified Commercial Investment Member Institute
State Certified General Real Estate Appraiser RZ3011 – State of Florida
Licensed Real Estate Broker BK3130667 – State of Florida
PROFESSIONAL AFFILIATIONS
Member of the Appraisal Institute
Member of the Royal Institute of Chartered Surveyors
Member of the Certified Commercial Investment Member Institute
Commercial Realtor Member of GTAR (Greater Tampa Association of Realtors)
Commercial Realtor Member of Florida and National Association of Realtors
Director of the Florida Gulf Coast Chapter of the Appraisal Institute
Former Member of the City of Lakeland Affordable Housing Advisory Committee
Former Member of EPCAR (East Polk County Association of Realtors)
PROFESSIONAL EXPERIENCE WITH THE FOLLOWING VALUATION RELATED CIRCUMSTANCES
Services have been provided for a variety of situations including: Financing, Acquisition, Disposition, Investment Analysis, Property Tax Abatement, Estate Planning, Gifting, IRS/Taxation, Insurance, Foreclosure, Bankruptcy, Divorce, Litigation, Partnership Formation/Dissolution, Financial Reporting, Eminent Domain/ROW Takings, Feasibility Analysis/Market Studies, Etc.
Valuation Assignment Scenarios Include:
Property Interests Analyzed Include:
As Is, As Completed, and As Stabilized Valuations
Retrospective, Current, and Prospective Valuations
Comparable Rent Surveys/Market Rent Studies
Insurable Value Analysis/Replacement Cost Estimates
Fee Simple, Leased Fee, Leasehold, Sandwich Lease, and various forms of Fractional Interest have been analyzed and appraised
PROFESSIONAL EXPERIENCE WITH THE FOLLOWING PROPERTY TYPES
Office Buildings (Single & Multi-Tenant)
Medical & Dental Offices (Single & Multi Tenant)
Ambulatory Surgical Center (ASC) Facilities
Medical Laboratory Facilities
Distribution, Office Warehouse & Flex Buildings
Industrial & Manufacturing Facilities
Self-Storage Facilities
Service Garage Properties
Apartment & Multi-Family Housing
Affordable Housing/Rent Restricted Apartments
Residential Treatment Facilities & Shelters
Group Homes & Assisted Living Facilities
Single-Family Residences
Condo, Townhome & Short-Term Rental Projects
Subdivisions (Residential & Commercial)
Hotels, Motels & Resorts
Mobile Home & RV Parks
LEED Projects (Green Buildings)
Medical Cannabis Greenhouse Facilities
General Greenhouse & Nursery Properties
Single Tenant Retail & Retail Strip Centers
Regional Shopping Centers
Fitness & Recreational Centers
Restaurant & Bar Properties
Event Hall / Wedding Venue Properties
Gas Stations/Convenience Stores
Automatic Carwash & Full-Service Carwash
Indoor Gun Range Facilities
Churches/Worship Centers
Community, Meeting Hall, Lodge Properties
School Facilities & Day Care Centers
Kennel/Animal Boarding Facilities
Aviation Office & Hangar Properties
Automobile & Boat Dealership Facilities
Fish Farm and Aquaculture Properties
Acreage & Agricultural Land (citrus, pasture, ranch, etc)
Conservation Easements & Remainder Rights
Commercial, Industrial, and Residential Land
PROPERTY LOCATIONS IN FLORIDA
Cliggitt Valuation, Inc.’s office is located in Tampa (formerly in Lakeland), which is centralized within the State of Florida, providing easy access to much of the State. Assignments have been performed throughout the State of Florida with a focus on the Central Florida regions from the Gulf Coast to the Atlantic Coast.
CURRENT AND PAST PROFESSIONAL EXPERIENCE
President of Cliggitt Valuation, Inc. and Cliggitt Realty, Tampa, FL (formerly of Lakeland, FL)
Commercial R.E. Appraiser with Burris Realty Group, Inc./Real Estate Valuation Services, Lakeland, FL
Commercial R.E. Appraiser with A.R.E.A. Real Estate Appraisers, Inc./ Premier Appraisal, Winter Haven, FL
Commercial R.E. Appraiser with DeRango, Best, & Associates, Inc., Orlando, FL
Risk Management Intern with Raymond James Financial Inc., Risk Management Dept., St. Petersburg, FL
CONTACT INFORMATION
Michael R. Cliggitt, MAI, MRICS, CCIM
813.405.1705 (Tampa Direct)
863.661.1165 (Lakeland Direct)
OFFICE ADDRESS
5404 Hoover Blvd, Ste. 8
Tampa, FL 33634
Michael R. Cliggitt Individual Professional Memberships:
