Lord R FEMC2007

A System for Rapid Development of Estate Models for Appraisals

Roger Lord, Mason, Bruce & Girard, Inc., 707 SW Washington Street, Suite 1330, Portland, OR, 97205, USA, rlord@masonbruce.com
Mark Rasmussen, Mason, Bruce & Girard, Inc., 707 SW Washington, #1300, Portland, OR, 97205, USA, mras@masonbruce.com

Timberland investment is a high stakes game in which millions of dollars ride on an estimate of long term property value. However, potential investors often have a very limited amount of time, and often limited property data, from which to develop their estimate of value for bidding purposes. At Mason, Bruce & Girard, we have developed a system to automate timber inventory analysis and construction of a discounted cash flow model for rapid property valuation. Central to this system is Remsoft's Woodstock harvest scheduling model. This is augmented by an internally developed inventory analysis tool, MBGTools, and an automated yield table production system, YTGTools. This system allows us to meet client expectations for developing a flexible, reliable discounted cash flow model for a given property under tight timelines.