Shelly estimates the value of closely-held businesses and real estate in Hawaii. Because of her expertise in both real property and business valuation, she is able to effectively assist clients with their estate planning and gifting decisions, tax reporting, acquisitions and mergers, stock transfers and redemptions, and purchase price allocations.

Shelly’s real estate valuations include resort, commercial, industrial, residential, agricultural, and conservation properties on Oahu, Maui, Kauai, and Hawaii. Assignments have included appraisals of conservation and right-of-way easements, hospitals, and other complex or limited-market properties, as well as market assessments, feasibility analyses, and fiscal and economic impact studies for a variety of projects including senior living facilities, hotels, shopping centers, residential subdivisions, and two master-planned communities on Oahu and Maui. She has served as a mediator, arbitrator and expert witness for numerous assignments, and has worked on several class-action lawsuits providing complex and timely analysis to assist in trial preparation and settlement negotiations.

Education
• Master of Business Administration, University of Hawaii at Manoa, 1998
• Bachelor of Arts, Psychology, University of California at Los Angeles, 1994
• Iolani School, 1990
• Various courses, workshops and seminars including:
− Appraisal Institute, Uniform Appraisal Standards for Federal Land Acquisitions, 2017
− Appraisal Institute, General Review Theory, 2014
− Appraisal Institute, Complex Litigation Appraisal Case Studies, 2014
− Appraisal Institute, Fundamentals of Separating Real Property, Personal Property, and Intangible Business Assets, 2012

Professional Designations
The Appraisal Institute conducts voluntary programs of continuing education for its designated members.

The MAI Membership designation is held by professionals who can provide a wide range of services relating to all types of real property, such as providing opinions of value, evaluations, review, consulting and advice regarding investment decisions, among others.

The AI-GRS Review designation is conferred upon professionals who have demonstrated the knowledge and skills needed to provide appraisal reviews for a wide range of property types in order to satisfy issues related to due diligence and risk management.
Shelly H. Tanaka, MAI, AI-GRS is designated under both programs.

State Certification
• Certified General Appraiser, State of Hawaii, License Number CGA-648, expiring December 31, 2025.

Court Testimony
• Qualified as an expert witness in the valuation of real property and business valuation in the Courts of the State of Hawaii.

Professional Associations and Service
• Board of Trustees, The Appraisal Foundation, 2022 – 2024
• Real Estate Appraiser Advisory Committee, Professional & Vocational Licensing Division, Department of Commerce and Consumer Affairs, State of Hawaii, 2016 – 2023
− Chair, 2021 – 2023
− Vice Chair, 2019 – 2020
• Appraisal Institute
− National Board of Directors, 2017 – 2020
− Member and Vice Chair, National Finance Committee, 2018 – 2021
− President, Hawaii Chapter, 2014
• Appraisal Institute Education and Relief Foundation
– Chair, Board of Directors, 2019 – 2021
– Vice Chair, 2017 – 2018
• Board of Directors, Hawaii Appleseed Center for Law and Economic Justice, 2019-2021