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Frank E. Schmidt, MAI, SRA - President

Mr. Schmidt has been appraising proposed and existing real estate since 1975. He is an experienced expert witness in United States District Court, Santa Clara County Superior Court, the Public Utility Commission of the State of California, and the American Arbitration Association.

His experience includes real estate development, appraisal assignments for lenders, attorneys, accountants, corporations, municipalities, litigation support, and individuals for estate planning, diminution in value, mortgage lending, gifting, taxation, purchase, and sale.

Past work includes fee simple, leased fee, easement, and partial interest appraisals for improved properties and/or land for mobile home parks, movie theaters, dormitories, sororities, funeral homes, self-storage facilities, auto dealerships, schools, gas stations, office buildings, warehouses, industrial and R & D buildings, agriculture, apartment complexes, shopping centers, residential and commercial condominiums, attached and detached single family dwellings including residential subdivisions, and land development projects.

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Wayne F. Prescott, MBA, MAI, CCIM - Chief Executive Officer

Mr. Prescott has been appraising proposed and existing commercial, industrial, and residential property since 1985. Past work includes fee simple, leased fee, easement, and partial interest appraisals for improved properties and/or land for office buildings, warehouses, industrial and R & D buildings, apartment complexes, mobile home parks, self-storage facilities, auto dealerships and race tracks, theaters, schools, service station and fast food sites, attached and detached single family dwellings, agricultural properties, residential and commercial condominiums, cooperatives, and commercial and residential land development projects, and rent surveys.

Mr. Prescott is an experienced expert witness in land valuation, construction defects, subdivision analysis, retail centers, gas stations, and standard of care for appraisers in over 30 cases in the past 10 years, about 50/50 for the defense and plaintiff. He has appraised for government agencies, lenders, attorneys, accountants, corporations, and individuals for eminent domain, estate planning, tax appeal, mortgage lending, litigation support, construction defects, partnership disputes, lease negotiation, mis-management, fire damage, earth movement, gifting, taxation, subdivision, investment, collateralization, purchase, and sale. He is a trained mediator, specializing in property dispute resolution. Mr. Prescott has 12 years prior experience in the industrial property insurance industry as a loss prevention engineer, underwriter, and broker.

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Matt Watson - Associate Appraiser

Mr. Watson has been appraising proposed and existing real estate since joining The Schmidt-Prescott Group, Inc. in 2002. Past work includes improved properties and/or land for office, industrial, apartment complexes, auto dealerships, attached and detached single family dwellings, residential and commercial condominiums, and commercial and residential land development projects. His experience includes appraisal assignments for lenders, attorneys, accountants, corporations, government agencies, and individuals for estate planning, mortgage lending, taxation, purchase, and sale.

He earned a B.S. degree in Electrical Engineering at the University of California, Santa Barbara and he holds a Certified General Appraiser License (AG040050). Mr. Watson’s previous experience includes construction cost estimating, a valuable skill in the appraisal profession.

Louis de la Girond'arc - Associate Appraiser

Louis de la Girond'arc began his appraisal career with the Schmidt-Prescott Group in 2005. He earned his Certified General Appraiser License in August 2009. He is an associate member of the Appraisal Institute and is working toward earning the MAI designation. His experience consists of appraising a wide variety of property types including residential land, office, medical office, industrial, R&D, warehouse, apartment complexes, retail centers, restaurants, hotels, commercial condominiums, and single family dwellings.

Mr. Girond'arc earned a bachelor's degree in Electronic Engineering Technology from California Polytechnic State University at San Luis Obispo, and has taken many courses, seminars and workshops in the field of real estate appraisal, offered by the Appraisal Institute. His attention to detail and computer skills contribute to his success in real estate appraisal.

Eric Sinclair - Associate Appraiser

Mr. Sinclair has been appraising proposed and existing commercial real estate since 2006. He received his Certified General appraiser license in August 2009. Past work includes the valuation of office buildings, hotels and motels, industrial properties, apartment complexes, service stations, restaurants, marinas, retail centers, mixed-use properties, residential subdivisions, rent surveys and other property types. He has appraised for lenders, attorneys, and individuals for litigation, estate planning, mortgage lending, investment, purchase, and sale.

Mr. Sinclair has taken many courses in real estate appraisal through the Appraisal Institute, of which he is an associate member. He also has 13 years experience in the software industry as a senior project manager and software implementation consultant for Search and Content Management solutions. He graduated from San Francisco State University with a Bachelor’s degree in Journalism.

Nancy G. Bigham - Associate Appraiser

Ms. Bigham grew up in the San Francisco Bay Area and graduated from U.C. Berkeley with a B.A. in Bacteriology, and from San Francisco State University with a M.A. in Microbiology. She worked in biotechnology and computer high-tech before changing careers to real estate appraisal in 2006. She completed courses in real estate, economics and business law at De Anza College as well as classes and seminars offered by the Appraisal Institute. She holds a Certified General Real Estate Appraiser License and is an associate member of the Appraisal Institute. She joined The Schmidt-Prescott Group, Inc. in the fall of 2007, where she combines her computer and research skills and applies them to the appraisal discipline. Her work to date includes the valuation of professional and medical office buildings, industrial properties, apartments, retail properties and residential subdivisions.

Ms. Bigham was the first recipient of the Arlen C. Mills Education Award awarded in 2009 by the Northern California Chapter of the Appraisal Institute to a promising appraisal student. Ms. Bigham is actively pursuing an MAI designation.


Laura Reed, SRA - Associate Appraiser

Ms. Reed, having been in the appraisal profession for over twenty five years, has appraised commercial, retail, and residential properties; including unimproved land, residential income, and properties suffering from “stigma” due to earthquake influence. She has performed appraisals for estate planning, mortgage lending, litigation, eminent domain, purchase and sale purposes. She is a licensed Residential Real Estate Appraiser working towards obtaining a license as a Certified General Appraiser. She received her SRA designation from the Appraisal Institute in 1993. She continues to further her experience with ongoing courses, seminars and workshops in the field of real estate appraisal.


Margaret Solis - Research Analyst / Office Manager

Ms. Solis earned a B.A. in Sociology and a M.A. in Education from Holy Names University in Oakland, California. She holds a Standard Teaching Credential for Elementary School. She began appraising residential real estate in 1986. She joined The Schmidt-Prescott Group, Inc. in 1996, where she began appraising commercial property. Ms. Solis is highly adept at quickly developing a trusting relationship; her career crystallized in the area of data research and verification, leading to a specialization in that aspect of the appraisal profession. Because she is well organized and detail-oriented, the firm later added office management to her job responsibilities.

 
 
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