Darius M Hatami, MAI, Golf

Consulting Experience

Darius Hatami is Managing Director of HVS Golf Services, based in Capitola, California. Darius is a graduate of the University of Colorado and has been involved in various aspects of golf and community development for over 20 years. In 1995, Darius founded Golf Catalyst after beginning his career with THK Associates. In 2004, Darius became part of the HVS family, and provided studies to hundreds of golf and resort community clients throughout the United States, Canada, Mexico, the Caribbean, Central America, Asia and Europe. His expertise encompasses valuation and feasibility studies as well as strategic, financial, residential economic planning, membership planning as well as integrating golf with residential and resort aspects of master planned communities.

Darius worked with a variety of clients, including investment bankers, developers, exclusive private clubs and communities, resorts, as well as municipal and governmental entities. Specific clients have included international lenders and owners such as Lehman Brothers, Deutsche Bank, Barclays Capital, Club Corp, and CNL. Mr. Hatami has also provided litigation support, and testified as an expert in US Bankruptcy court. Properties appraised include Pinehurst, Peninsula Papagayo, The Yellowstone Club, Vilamoura, PGA West, PGA National TPC Sawgrass, La Quinta, Boca Raton CC, and Cordillera. He is a certified general appraiser in numerous states and has been a guest speaker on golf community and feasibility issues.

From 1998 until 2005, Darius served as Managing Partner of the Rio Grande Club, a high end resort/private golf club in South Fork, Colorado. This course was named as the 6th Best Upscale Public Course by Golf Digest in 2003. As Managing Partner, Darius has been involved in the day to day management of facility, as well as the integration of the golf club with the residential and resort aspects of the community. The range of responsibility included, defining the membership structure, assisting on management and personnel decisions and consulting on amenities and clubhouse design.

Education

University of Colorado-Boulder
Bachelor of Arts-Economics (1985)

NCRE 208 Standards and Ethics
NCRE 007-401 Real Estate Law and Practice

Appraisal Institute Courses:

• 110 - Appraisal Principles


• 310 - Basic Income Capitalization


• 320 - General Applications


• 410 - National Uniform Standards of Professional Appraisal Practice (USPAP)


• 420 - Standards of Professional Appraisal Practice Part B


• 510 - Advanced Income Capitalization


• 520-Highest and Best Use


• 530-Advanced Income and Sales


• 540-Report Writing


• 550-Advanced Applications


• 700 - The Appraiser as an Expert Witness: Preparation and Testimony

Clients

Affiliations

• The Appraisal Institute, Member


• Urban Land Institute, Member


• Certified General Appraiser, Colorado, Missouri, Washington


• Managing Partner, Rio Grande Club, South Fork, Colorado

Teaching and Lecture Assignments

• “Life Cycle of a Golf Course Community” CLE, July 2002


• Guest Lecturer - Colorado School of Mines “Market Feasibility Process,” 1994


• Resort Residential and Golf Development -- Shanghai, China, April 22, 2009


• Moderator " "Geographic Frontiers: Opportunities in Europe, the Middle East, Latin America, and the Caribbean" Urban Land Institute -- Developing Resort Communities Conference, March 2009


• “Golf in the High Country” Appraisal Institute, September 2007

Authored Publications

Inside Golf, “So You Want to Build a Golf Course?” - 1997

Expert Witness

• The Yellowstone Club -- Big Sky Montana--United States Bankruptcy Court


• The Canyons; Parker Water and Sanitation -- Parker, Colorado, Condemnation Valuation


• U.S. Department of Justice - Landmark Properties, various locations


• Haystack Mountain Golf Course - Boulder, Colorado


• Skyland Country Club - Crested Butte, Colorado

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