As an urban appraiser, DeLacy first became involved with timberland valuations when testing for highest and best use of large forested tracts proposed for resort or residential development on the Pacific Coast. Later, his work gravitated to financing, bankruptcy proceedings and financial reporting. DeLacy has worked in virtually every silviculture in North America; from the Douglas-fir of the western Cascades and Rockies in Montana, to the birch and poplar forest of Maine, to the pine plantations of the Southeastern US. In 2015, DeLacy began appraising inholdings on ranch and farmland in trust to the Bureau of Indian Affairs across the Great Plains.
Some of the more significant engagements include the following:
- Impact study of a 29.8 MW Antrim Wind Farm on adjacent 142-acre equestrian facility and custom residence in Hillsborough County, New Hampshire. 2020
- Equestrian farm operation in DuPage County, Illinois. Before and after analysis of undisclosed utility right of way through property. 2018-20
- Client: U.S. Department of Agriculture; venue: State of Mississippi Area wide market study to determine cropland market values for wetland and conservation easements. 2018
- Client: U.S. Department of Agriculture; venue: State of Missouri; Areawide market study to determine cropland market values for wetland and conservation easements. 2017
- Client: Cheyenne River Indian Reservation and BIA; venue: Dewey and Ziebach Counties, South Dakota; Market Study to determine range unit rents. Market valuations for ranch land inholdings. 2015
- Client: Winnebago Indian Reservation and BIA: venue: Thurston County, Nebraska; Market valuations for homesites and cropland. 2015
- Client: Indiana Lumbermen’s Mutual Insurance Co (represented by Paine Hamblen of Spokane); venue: Idaho Federal District Court; at issue appraisal review and valuation counsel regarding damages and replacement cost after fire razed a sawmill in the Idaho panhandle in 2008. (2013)
- Client: Kolschowsky Trust (Chicago); valuation, highest and best use analysis of 1,800 acres of managed timberland in Clark County, Wisconsin (2010, 2012).
- Client: Timberland Investment Resources, LLC (Georgia); evaluation of 13,900-acre lease of managed Cumberland Ridge (Tennessee) timberland for wind farm development (2011).
- Client: Willamette Management (Portland); valuation of Noble Tree Farm operations, 3,521 acres in multiple Oregon counties; modeled their financial operations, established land values and highest and best use; assumed a wind down of operations. Noble Farms was one of the largest Christmas tree operation in the PNW (2009).
- Client: PALCO (Pacific Lumber Co.), Scotia CA; Valuation of entire property portfolio including mills and mill sites in Scotia, Fortuna and Carlotta, all in Humboldt County, CA for bankruptcy proceedings (2006-2008).
- Client: Wells Fargo (California); Valuation of Harwood Products land and mill in Branscomb, Mendocino Co., CA for bankruptcy proceeding (2008).
- Client: Brookfield Asset Management; Longview Timber Corp. Tree Farm Portfolio: Select valuation of highest and best use sites within 586,000-acre portfolio of managed timberland in Oregon and Washington (2007).
- Client: Bank of the West (Omaha); valuation of 3 sawmills owned by Neiman Enterprises in South Dakota and Wyoming (2007).
- Client: Great American Group (California); valuation of paper mill portfolio in purchase price allocation when Neenah Paper bought Fox River Paper. Mill sites in California, Wisconsin, Ohio and Massachusetts. (2007)
- Client: Washington State Dept. of Natural Resources; 38 parcel portfolio of surplus lands totaling 1,000 acres in 16 counties (2006).
- Client: Yellowstone Club; property tax appeal in Madison Co., Montana on timbered recreation areas surrounding homesites within 8,000 acre holding (2005-6).
- Client: US Bank; valuation of Three Rivers saw mill and 1,000 acre timber holdings in and around Kamiah, Idaho. (2003)
- Client: Plum Creek Timber Co (REIT) (Seattle); appraised over 3 million acres of managed timberland in Oregon, Washington, Montana, Maine and pine plantations in the Southeastern U.S. for a purchase price allocation with Georgia Pacific; emphasis on identification of highest and best use recreational tracts (2001-2).
- Client: Consolidated Paper (Stevens Point, WI); purchase price allocation involving merger with Mead paper, appraised 670,000 acres of managed timberland in Wisconsin, Minnesota and Ontario, Canada (2000).
- Client: Weyerhaeuser (Tacoma, WA); valuation of 700,00 acre managed timber portfolio on Vancouver Island (British Columbia) and Alabama in purchase price allocation following acquisition of McMillan-Bloedel (1999).
In addition, DeLacy served as a Mt. Angel Abbey Foundation Board Member from 2004-2011 and is now emeritus. The Foundation manages a 2,400-acre tree farm (Douglas-Fir stocking) for the monastery. DeLacy’s role on the Board included supervising the engagement of a professional forester for management and ongoing counsel to the Board on harvest scheduling. Today, DeLacy continues to sit on the Abbey’s Finance Committee.