Stephen D. Roach, MAI has been an appraiser in the San Diego area for over 30 years, and has been a co-owner of Jones, Roach & Caringella, Inc. since 1986. His appraisal assignments have included numerous income-producing properties, partial acquisitions, and other significant and complex assignments. He has appraised all property types from individual homes to regional shopping centers and master-planned communities. His current work focuses on difficult and complex valuation and consulting assignments, along with litigation support. Mr. Roach has extensive deposition and trial testimony experience. He holds a Bachelor of Science degree in Real Estate from San Diego State University, the MAI designation from the Appraisal Institute, and is a Certified General Real Estate Appraiser in California. Mr. Roach currently serves the Appraisal Institute as the Vice Chair of the International Relations Committee and as a member of the General Comprehensive Examination Panel. He formerly served as a member and the Vice Chair of the National Education Committee and as a member and the Chair of the Curriculum Subcommittee. He is a member and former San Diego Chapter Board Member of the International Right of Way Association. He has extensive teaching and curriculum development experience for the Appraisal Institute and other organizations. He has taught well over 100 appraisal courses and seminars throughout the United States and in Seoul, South Korea, and currently serves as a visiting professor of condemnation appraisal theory and practice at the International Center for Land Policy Studies and Training in Taipei, Taiwan.





Robert Caringella, MAI has over 20 years of experience in real estate appraisal and is a principal of Jones, Roach, & Caringella, Inc. He holds the MAI designation conferred by the Appraisal Institute, and is a Certified General Real Estate Appraiser in the State of California. After receiving a Bachelor of Arts degree in Management Science from the University of California San Diego, he began his appraisal career with Jones & Roach, Inc. Mr. Caringella has extensive experience appraising many property types in the areas of eminent domain, title claims, civil disputes, lending, litigation, and mitigation. He has specialized experience in redevelopment areas, right-of-way projects, easement interests, and environmentally sensitive lands. Mr. Caringella has had numerous teaching and speaking engagements involving a wide range of real estate appraisal topics. Mr. Caringella is a qualified expert witness and has testified at numerous depositions and trials. He is past President of the San Diego Chapter of the Appraisal Institute, and currently serves on the National Board of Directors of the Appraisal Institute. Mr. Caringella also served for six years on the board of directors of an $800 million financial institution.





Shannon L. Cutsinger, MAI has been an appraiser in the San Diego area for over 30 years. He began his appraisal career with Home Federal Savings & Loan Association and was also employed by San Diego Federal Savings & Loan Association and the Andrew A. Smith Company. Mr. Cutsinger has been associated with Jones, Roach & Caringella, Inc. since 1990. His appraisal assignments have included numerous income-producing properties, partial acquisitions, and other significant and complex assignments. Mr. Cutsinger holds Bachelor of Science and Master of Science degrees in Business Administration from San Diego State University and taught real estate appraisal courses at the University from 1974 through 1990. He has served the local chapter of the Appraisal Institute as a director and as chairman of the Education Committee. Mr. Cutsinger has held the MAI designation since 1986 and is a Certified General Real Estate Appraiser in California.





William N. Patterson, MAI, SRA has more than 30 years of appraisal experience, with over 20 years being concentrated in San Diego, Riverside, and San Bernardino Counties. His appraisal assignments have included the valuation of vacant residential and commercial properties, residential subdivisions and condominiums, income-producing properties, leasehold and leased fee interests, partial fee acquisitions, easements, and other complex assignments. Mr. Patterson holds a Bachelor of Arts and Sciences degree from the University of Washington. He has taught appraisal courses at Tacoma Community College and authored “Condominium Activity in Pierce County” for Tacoma Real Estate Trends. He is a past president of the Tacoma Chapter of the Society of Real Estate Appraisers and has served on the Board of Directors and as Chairman of the Standards and Professional Practice Committee of the San Diego Chapter of the Society of Real Estate Appraisers. He served on the Board of Directors, is a past member of the Admissions Committee, and was Chairman of Candidate Guidance for the San Diego Chapter of the Appraisal Institute. Mr. Patterson holds the MAI and SRA designations from the Appraisal Institute and is a Certified General Real Estate Appraiser in California.





Marc T. Lord has been an appraiser in the San Diego area for more than 20 years. Prior to joining Jones, Roach & Caringella, Inc., he held positions at Wells Fargo Bank, the County of San Diego, and as an independent appraiser. His appraisal assignments have included the valuation of most property types, partial acquisitions, and other complex assignments. He has extensive experience with lease-by-lease discounted cash flow analysis. Mr. Lord holds a Bachelor of Arts degree in Liberal Arts & Sciences from San Diego State University. He is a member of the San Diego Chapter of the Appraisal Institute. He is currently pursuing the MAI designation, having passed all course work, experience, and comprehensive test requirements. He is a member of the International Right of Way Association.





Galen Justice-Black began her real estate appraisal career in 1973 in the San Francisco Bay Area with Yovino-Young and Associates. She relocated to her native San Diego in 1976 and was employed by Home Federal Savings and Loan Association, and, subsequently, Home Capital Corporation as a staff appraiser and project analyst. She later joined Gardner and Gardner, Inc. and then Lopez, Price and Cox, Inc., continuing to specialize in the appraisal of income-producing properties of all types and vacant land. In 1997 Ms. Justice-Black joined Jones, Roach & Caringella, Inc., where she specializes in research and litigation support in connection with complex appraisal assignments. Ms. Justice-Black obtained two Bachelor of Arts degrees from the University of California at Riverside and holds a Master of Arts degree from the University of California at Berkeley.





Trevor C. Hubbard, MSRE attended the Cox School of Business at Southern Methodist University in Dallas where he graduated with a Bachelor of Business Administration with an emphasis in Real Estate in 2004. Mr. Hubbard continued his academic pursuits as a charter member of the Master of Science in Real Estate (MSRE) program at the Burnham-Moores Center for Real Estate, University of San Diego. With its emphasis in real estate asset management, development, economics, finance, law, and valuation, the specialized program led him to the analytical field of real estate appraisal. Since graduation, Mr. Hubbard has been associated with Jones, Roach & Caringella, Inc. as a staff appraiser. His appraisal assignments have included income-producing properties, eminent domain matters, historical appraisals and other unique analyses. Mr. Hubbard is currently an associate member of the Appraisal Institute and is a Certified General Real Estate Appraiser in the state of California.