Education

1985-1990 THE UNIVERSITY OF GEORGIA
GRADUATE SCHOOL OF BUSINESS ADMINISTRATION
ATHENS, GA
  Doctor of Philosophy in Business Administration, June, 1990.
Real Estate curriculum with a supporting concentration in Finance.
1981-1984 SAMFORD UNIVERSITY
BIRMINGHAM, AL
  Master of Business Administration in General Management, August, 1984.
1966-1972 ATHENS COLLEGE
ATHENS, AL
  Bachelor of Science in Business Administration, August, 1972.
Student Government Representative, Vice-President of Young Republicans Club and varsity basketball.

Academic Experience

1997-Present MOREHEAD STATE UNIVERSITY
COLLEGE OF BUSINESS
MOREHEAD, KY
  Assistant Professor of Real Estate.
Instruct upper-level undergraduate students in real estate principles, marketing, appraisal, finance and investment courses
.
1991-1997 UNIVERSITY OF ALABAMA  AT BIRMINGHAM
SCHOOL OF BUSINESS ADMINISTRATION
BIRMINGHAM, AL
  Assistant Professor of Real Estate..
Instructed upper-level undergraduate and graduate students in real estate principles, finance and investment courses
1990-1991 SAM HOUSTON STATE UNIVERSITY
COLLEGE OF BUSINESS ADMINISTRATION
HUNTSVILLE, TX
  Assistant Professor of Finance and Real Estate.
Instructed upper-level undergraduate students in real estate courses as well as financial management and investment courses.
1988-1990 UNIVERSITY OF SOUTHERN MISSISSIPPI
COLLEGE OF BUSINESS ADMINISTRATION
HATTIESBURG, MS
  Visiting Assistant Professor.
Instructed upper-level undergraduate students in financial management and real estate appraisal courses.

Professional Experience

1986-present SELF-EMPLOYED REAL ESTATE ANALYST
 

Conducted market, feasibility and financial forecasting studies for individuals for a fee. Projects included:

* Due Diligence investigation of a private placement, limited partnership interest for private investor.

* Site and feasibility analysis for proposed mobile home park near the Saturn plant in Springhill, TN.

* Market analysis for proposed restaurant site and assisted in the negotiation of the lease.

* Trade-area market research for existing restaurant- used as model for company's expansion plans.

* Alabama Certified General Real Estate Appraiser: Alabama Real Estate Appraisal Certificate #G00402.

1973-1984 SOCIAL SECURITY ADMINISTRATION SOUTH EASTERN PROGRAM SERVICE CENTER BIRMINGHAM, AL
  Assistant Module Manager (1979-1984).
Directed, coordinated and supervised 24 employees occupying 11 technical, clerical and administrative positions. Special assignments included extensive participation in agency training programs as both an instructor and co-author of national training materials. Special recognition included receipt of five monetary work performance awards, including one of the six Supervisory Excellence Awards issued among the more than 100,000 SSA employees. (Claims Authorizer: 1973-1979).

PROFESSIONAL AFFILIATIONS

 

Southeastern Program Service Center Management Association: President 1983 & 1984, Vice President 1982, Executive Board member 1981.

Formerly a licensed Alabama Real Estate Broker.

Alabama Certified General Real Estate Appraiser: (G00402).

Approved Instructor, Alabama Real Estate Commission, 1991-1997 & Kentucky Real Estate Commission 1997-present.

Initiated into University of Georgia Chapter of Beta Gamma Sigma Honor Society.

Senator, The University of Alabama at Birmingham Faculty Senate, 1993-1995 Term.

Chairperson of Finance Committee, The University of Alabama at Birmingham Faculty Senate, 1994-1995 Term.

Chairperson, Finance Department, Dept. Annual Review Committee, UAB, 1991-1992 & 1994-1995.

Faculty Advisor, Rho Epsilon, UAB Chapter (1991-1997) & Morehead State University Chapter (1997-present).

 

American Real Estate Society

American Real Estate and Urban Economics Association

Southern Finance Association

Financial Management Association

Southwest Finance Association

Midsouth Academy of Economics and Finance

American Society of Appraisers-Candidate Member

 

COURSES TAUGHT

Course

 

Real Estate Fundamentals UAB

Real Estate Finance UAB, SHSU

Real Estate Investment Analysis UAB

Real Estate Marketing MSU

Residential Real Estate Appraisal USM, SHSU, MSU

 

Investments SHSU

Appraisal of Income Property MSU

 

Uniform Standards of Professional Appraisal Practice MSU

PUBLICATIONS-REFEREED JOURNAL ARTICLES

Recipient of Urban Land Institute research grant to study the use of real estate assets by local governments.Member:Real Estate Educators Association UniversityReal Estate Principles UAB, USM, SHSU, MSUReal Estate Decision Analysis(MBA) UABFinancial Management UAB, USM

"Trending and Graphical Analysis," Journal of Property Economics (2006) Volume 2, Issue 1, p. 53-64).Do Vacant Houses Sell for Less? Evidence fron the Lexington Housing Market," with Chien-Chih Peng, Appraisal Journal (Summer 2004) Vol. LXXII, No. 3, p. 234-241).

"B

"Are Minority Neighborhoods Exposed to More Environmental Hazards? Allegations of Environmental Racism," with Andrew Holmes and Barrett A. Slade, Real Estate Review (Summer 2000) Vol. 30, No. 2, p. 50-57.

ucking E-commerce Trends: A Content Analysis Comparing Commercial Real Estate Brokerage with Real Estate Brokerage Web Sites," with Kenneth Henderson, Journal of Corporate Real Estate ((September 2002) Vol. 4, No. 4, p. 375-385.).

"The 3 Ds of Real Estate Distance Education: Design, Development and Delivery," with Ron Cheek, Real Estate Educators Association Journal, (Spring 1999), p. 51-54.

"Public Sector Land Banking: A Decision Model for Local Governments," with Don T. Johnson, Public Budgeting & Finance, (Winter 1997), Volume 17, Number 4, p. 3-6.

"Developing the City/county-owned Real Estate Asset Management Information System," with Don T. Johnson, Journal of Contemporary Business Issues, (Fall 1996), Volume 4, Number 2, p. 52-58.

"Environmental Racism: The New Liability for Industrial Site Selection," with Andrew Holmes, Real Estate Issues (April 1996) p. 1-3.

"Can Bank Regulators Affect Collateralized Mortgage Obligations?," with Murat N. Tanju, Real Estate Review (Summer 1995) p. 17-22.

"Tax Incremental Financing for Retail Development and the Local Government Decision Model," with William B. Rayburn and Terry Belcher, The Real Estate Finance Journal (Winter 1995)p. 30-34.

PUBLICATIONS-PROCEEDINGS

"The Readability of Business Textbooks: A Review," with Bauerly, Johnson, Philpot and Snouffer, Proceedings of the Third Annual Meeting, American Society of Business and Behavioral Sciences, Las Vegas, Nevada, February, 1996, p. 65-69.

PUBLICATIONS- TRADE MAGAZINE/ JOURNAL ARTICLES

"For More Closings, Work With - Not Against - The Appraiser," Real Estate Business, (Nov/Dec 1999), Vol. 18, No. 6, p. 38-41.

PUBLICATIONS-INSTRUCTIONAL MATERIALS

"The Kentucky Real Estate Commission Course: Instructor’s Manual and Student Handbook," Co-authored with the other members of the Kentucky Real Estate Commission Core Course Design & Implementation Committee (1999).

PROFESSIONAL MEETINGS

Papers Presented:

 

"Trending and Graphical Analysis II" presented at the American Society of Appraisers’ International Appraisal Conference, Brooklyn, NY, July 28-August 2, 2006.

"Trending and Graphical Analysis" presented at the American Society of Appraisers’ International Appraisal Conference, Kansas City, MO, July 25-28, 2004.

"Do Vacant Houses Sell for Less? Evidence from the Lexington Housing Market" presented at The Nineteenth Annual Conference, American Real Estate Society, Monterey, CA, April 2-5, 2003 with Chien-Chih Peng.

"The Design, Development and Delivery of Web-Based Communications Courses," presented at The Twenty-Seventh Annual meeting, Southwest Federation of Administrative Disciplines, Association for Business Communication Southwest United States, San Antonio, Texas, March 15-18, 2000, with Ronald G. Cheek and Stephen M. Crow.

"Are Minority Neighborhoods Exposed to More Environmental Hazards: Allegations of Environmental Racism" presented at The Fifteenth Annual Conference, American Real Estate Society, Tampa, Florida, April 7-10, 1999 with Andrew Holmes.

"Industrial Location Choice and Allegations of Environmental Racism" presented at The 1995 Annual Meeting, Southern Finance Association, Sarasota, Florida, November 15-18, 1995, with Andrew Holmes.

"Race, Environmental Hazards and Industrial Location Choice: Charges of Environmental Racism" presented at The 25th Annual Meeting, The Financial Management Association International, New York City, New York, October 18-21, 1995 with Andrew Holmes.

"Environmental Racism and Industrial Location Choice" presented at The Eleventh Annual Conference, American Real Estate Society, Hilton Head Island, South Carolina, March 29-April 1, 1995 with Andrew Holmes.

"Environmental Racism and Industrial Location Choice" presented at The 22nd Annual Meeting, The Midsouth Academy of Economics and Finance, Biloxi, Mississippi, February 15-18, 1995, with Andrew Holmes.

"Residential Real Estate Valuation: Economic Forces and The Issue of Redlining" presented at the Annual Conference, American Real Estate Society, Santa Barbara, California, April 14-15, 1994, with Andrew Holmes and Joe James.

"The Impact of Municipal Financing on Private Development" presented at the Annual Conference, American Real Estate Society, Key West, Florida, April 15-18, 1993.

"The Impact of Municipal Financing on Private Development" presented at the Twenty-Seventh Annual Conference, The Missouri Valley Economics Association, Kansas City, Missouri, February 28-March 2, 1991, with William B. Rayburn.

"Local Government Real Estate Asset Management: The Southeast Region Experience" presented at The Urban Land Institute Seminar, Surplus School and Other Government Property Achieving Its Potential, San Diego, California, January 23-24, 1989.

 

"The Management of Real Estate Assets by Local Governments: Three Case Studies" presented at the Annual Conference, American Real Estate Society, Washington, D.C., April 12-15, 1989.

Other Participation at Professional Meeting:

Moderator of "Real Property Appraisal Workshop," American Society of Appraisers International Conference, San Diego, California, August 25-28, 2002.

Panelist of "Commercial Real Estate Basics," Real Estate Educators Association, 21st Annual Conference, June 15-17, 2000, Las Vegas, Nevada.

Discussant of "Will Licensing Raise Quality of Real Estate Appraisals?: Some Insights From Agency Theory," South Central Finance Workshop, University of Alabama @ Birmingham, Eighth Annual Meeting, September 22-23, 1995.

Moderator of "Real Estate Potpourri Session," The 22nd Annual Meeting, The Midsouth Academy of Economics and Finance, Biloxi, Mississippi, February 15-18, 1995.

Discussant of "An Estimate of Investor Utility Through International Diversification," Southern Finance Association Annual Meeting, Jacksonville, Florida, November, 1992.

Discussant of "Another Look at the Super Bowl Stock Market Predictor," Southern Finance Association Annual Meeting, Key West, Florida, November, 1991.

Courses and Seminars:

Completed "BV201: Introduction to Business Valuation, Part 1, The American Society of Appraisers, Orlando, FL, June 30, 2001 - July 3, 2001, Certificate Awarded.

Attended "Forum for Instructors on the 1998 USPAP," The Appraisal Foundation, Oklahoma City, Oklahoma, November 15, 1997, Certificate Awarded.

Attended "RECAD Instructor Training Session," State of Alabama Real Estate Commission, University of Alabama, Tuscaloosa, June 4, 1996.

Attended "HUD/FHA Workshop," Mid-South Alabama Chapter of the Appraisal Institute, Birmingham, Alabama, November 29, 1994.

Attended "Uniform Residential Reports: 93 Revisions," Mid-South Alabama Chapter of the Appraisal Institute, Birmingham, Alabama, September 10, 1993.

Attended "Approved Real Estate Instructor's Orientation Seminar," State of Alabama Real Estate Commission, Montgomery, Alabama, November 5, 1993.

Completed "Standards of Professional Practice: Parts A & B," The Appraisal Institute, University of Alabama, Tuscaloosa, July 12-16, 1992, Certificate Awarded.

 

EDITOR

Real Property Perspectives

REVIEWER

 

 

Editorial Board, Journal of Economics and Finance, published by The Midsouth Academy of Economics and Finance (1991-1994).

Manuscript Reviewer - Dearborn Real Estate Education: Investment Analysis for Real Estate Decisions, 6th Ed., by Kolbe & Greer, 2006.

Manuscript Reviewer - Dearborn Real Estate Education: Real Estate Investments, 7th Ed., by David Sirota, 2004.

Manuscript Reviewer - McGraw-Hill Irwi: Real Estate Perspectives, 5th Ed. By Corgel/Ling/Smith, published 2003.

 

Manuscript Reviewer - Southwestern: Real Estate Decisions, Epley/Rabianski/Haney, published 2002.

Manuscript Reviewer - Prentice Hall: Real Estate Principles & Practices, 10th Ed. by Karvel/Unger/Rose, published 2000.

Manuscript Reviewer - Dearborn Financial Publishing, Inc.: Real Estate Principles, 5th Ed. by Floyd & Allen, published 1997.

Manuscript Reviewer - West Educational Publishing: Real Estate Principles, by James E. Larsen, published 1994.

Editorial Board, Journal of Property Economics, published by The American Society of Appraisers et all (2003-present).

 

QUOTED IN MEDIA

 

 

"Selling Season Starts Now," Alabama Messenger, January 11, 1997.

"Financing Fine Tuning Its Game," Commercial Investment Real Estate, July/August 2001

 

"Maryland Developer Courting Liberty Park," Birmingham Business Journal, Vol. 13, No. 3, January 22, 1996.

 

 

"Drop Interest and Buyers Will Come," Birmingham News, June 20, 1995.

 

"Mortgages," Birmingham News, November 6, 1994.

 

"Un-Real Estate," Birmingham News, May 15, 1994.

PUBLIC SPEAKING ENGAGEMENTS

 

The Birmingham Area Chamber of Commerce, Panelist, 1997 Business Outlook Conference, Birmingham, Alabama, January 1997.

American Society of Real Estate Counselors, Featured Speaker, Alabama Chapter's Quarterly Meeting, Birmingham, Alabama, March 1996.

Shelby County Rotary, Featured Speaker, Monthly Meeting, Pelham, Alabama, February 1997.

REFERENCES

Dr. Michael Carrell, Dean, College of Business, University of Northern Kentucky, Highland Heights, KY 41099, (606) 572-6581.

Dr. Andrew Holmes, Associate Professor of Finance, Finance Group, Marriott School of Management, Brigham Young University, Provo, UT 84602, (801) 378-8951

.

Dr. K. Pat Hill, Chair and Associate Professor of Finance (retired), Dept. of Finance, School of Business, The University of Alabama at Birmingham, Birmingham, AL 35294-4460, (205) 934-8860

.

Professor Peggy Osborne, Department of Marketing, Management and Real Estate, College of Business, Morehead State University, Morehead, KY 40351, (606) 783-2755.

Dr. Robert Hatfield, Chair, Department of Marketing, Management and Real Estate, College of Business, Morehead State University, Morehead, KY 40351, (606) 783-2755.

Dr. Robert L. Albert, Dean and Associate Professor of Finance , College of Business, Morehead State University, Morehead, KY 40351, (606) 783-2174.

 

 

 

 

 

PUBLICATIONS-PROCEEDINGS

 

PROFESSIONAL MEETINGS

Papers Presented:

 

"Industrial Location Choice and Allegations of Environmental Racism" presented at The 1995 Annual Meeting, Southern Finance Association, Sarasota, Florida, November 15-18, 1995, with Andrew Holmes.

"Race, Environmental Hazards and Industrial Location Choice: Charges of Environmental Racism" presented at The 25th Annual Meeting, The Financial Management Association International, New York City, New York, October 18-21, 1995 with Andrew Holmes.

"Environmental Racism and Industrial Location Choice" presented at The Eleventh Annual Conference, American Real Estate Society, Hilton Head Island, South Carolina, March 29-April 1, 1995 with Andrew Holmes.

"Environmental Racism and Industrial Location Choice" presented at The 22nd Annual Meeting, The Midsouth Academy of Economics and Finance, Biloxi, Mississippi, February 15-18, 1995, with Andrew Holmes.

"Residential Real Estate Valuation: Economic Forces and The Issue of Redlining" presented at the Annual Conference, American Real Estate Society, Santa Barbara, California, April 14-15, 1994, with Andrew Holmes and Joe James.

"The Impact of Municipal Financing on Private Development" presented at the Annual Conference, American Real Estate Society, Key West, Florida, April 15-18, 1993.

"Local Government Real Estate Asset Management: The Southeast Region Experience" presented at The Urban Land Institute Seminar, Surplus School and Other Government Property Achieving Its Potential, San Diego, California, January 23-24, 1989.

"The Management of Real Estate Assets by Local Governments: Three Case Studies" presented at the Annual Conference, American Real Estate Society, Washington, D.C., April 12-15, 1989.

"Public Sector Land Banking: A Decision Model for Local Governments," with Don T. Johnson, Public Budgeting & Finance, Accepted and Forthcoming.
, published by The American Society of Appraisers (Elected Summer 2001 and re-elected Summer 2003-2006).

"

"Developing the City/county-owned Real Estate Asset Management Information System," with Don T. Johnson, Journal of Contemporary Business Issues, (Fall 1996), Volume 4, Number 2, p. 52-58."Environmental Racism: The New Liability for Industrial Site Selection," with Andrew Holmes, Real Estate Issues (April 1996) p. 1-3."Can Bank Regulators Affect Collateralized Mortgage Obligations?," with Murat N. Tanju, Real Estate Review (Summer 1995) p. 17-22."Tax Incremental Financing for Retail Development and the Local Government Decision Model," with William B. Rayburn and Terry Belcher, The Real Estate Finance Journal (Winter 1995)p. 30-34. "The Readability of Business Textbooks: A Review," with Bauerly, Johnson, Philpot and Snouffer, Proceedings of the Third Annual Meeting, American Society of Business and Behavioral Sciences, Las Vegas, Nevada, February, 1996, p. 65-69.

 

Discussant of "Will Licensing Raise Quality of Real Estate Appraisals?: Some Insights From Agency Theory," South Central Finance Workshop, University of Alabama @ Birmingham, Eighth Annual Meeting, September 22-23, 1995.

Moderator of "Real Estate Potpourri Session," The 22nd Annual Meeting, The Midsouth Academy of Economics and Finance, Biloxi, Mississippi, February 15-18, 1995.

Discussant of "An Estimate of Investor Utility Through International Diversification," Southern Finance Association Annual Meeting, Jacksonville, Florida, November, 1992.

Discussant of "Another Look at the Super Bowl Stock Market Predictor," Southern Finance Association Annual Meeting, Key West, Florida, November, 1991.

 

Attended "Forum for Instructors on the 1998 USPAP," The Appraisal Foundation, Oklahoma City, Oklahoma, November 15, 1997, Certificate Awarded.

Attended "RECAD Instructor Training Session," State of Alabama Real Estate Commission, University of Alabama, Tuscaloosa, June 4, 1996.

Attended "HUD/FHA Workshop," Mid-South Alabama Chapter of the Appraisal Institute, Birmingham, Alabama, November 29, 1994.

Attended "Uniform Residential Reports: 93 Revisions," Mid-South Alabama Chapter of the Appraisal Institute, Birmingham, Alabama, September 10, 1993.

Attended "Approved Real Estate Instructor's Orientation Seminar," State of Alabama Real Estate Commission, Montgomery, Alabama, November 5, 1993.

Completed "Standards of Professional Practice: Parts A & B," The Appraisal Institute, University of Alabama, Tuscaloosa, July 12-16, 1992, Certificate Awarded.

REVIEWER

Editorial Board, Journal of Economics and Finance, published by The Midsouth Academy of Economics and Finance.

Manuscript Reviewer-Prentice Hall: Real Estate Principles & Practices, 10th Ed. by Karvel/Unger/Rose, Forthcoming.

Manuscript Reviewer-Dearborn Financial Publishing, Inc.: Real Estate Principles, 5th Ed. by Floyd & Allen, published 1997.

Manuscript Reviewer-West Educational Publishing: Real Estate Principles, by James E. Larsen, published 1994.

QUOTED IN MEDIA

 

 

 

 

 

PUBLIC SPEAKING ENGAGEMENTS

 

The Birmingham Area Chamber of Commerce, Panelist, 1997 Business Outlook Conference, Birmingham, Alabama, January 1997.

American Society of Real Estate Counselors, Featured Speaker, Alabama Chapter's Quarterly Meeting, Birmingham, Alabama, March 1996.

REFERENCES

Dr. Michael Carrell, Dean, College of Business, Morehead State University, Morehead, KY 40351, (606) 783-2174.

Dr. Andrew Holmes, Associate Professor of Finance, Finance Group, Marriott School of Management, Brigham Young University, Provo, UT 84602, (801) 378-8951

Dr. K. Pat Hill, Chair and Associate Professor of Finance, Dept. of Finance, School of Business, The University of Alabama at Birmingham, Birmingham, AL 35294-4460, (205) 934-8860

.
.
Other Participation at Professional Meeting:Courses and Seminars:"Selling Season Starts Now," Alabama Messenger, January 11, 1997."Maryland Developer Courting Liberty Park," Birmingham Business Journal, Vol. 13, No. 3, January 22, 1996."Drop Interest and Buyers Will Come," Birmingham News, June 20, 1995."Mortgages," Birmingham News, November 6, 1994."Un-Real Estate," Birmingham News, May 15, 1994.Shelby County Rotary, Featured Speaker, Monthly Meeting, Pelham, Alabama, February 1997.
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LARY BRITTON COWART

427 Calmes Boulevard
Winchester, Kentucky 40391
E-Mail l.cowart@morehead-st.edu
Home (606) 737-3133 & Office (606) 783-5155