Organized to improve the standards of assessment practice; to provide a clearing house for the collection and distribution of useful information relative to assessment practice; and to promote justice and equality in the distribution of the tax burden.


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MAA President's Message

January/February Message

Happy New Year! As we come off an unexpected year that had everyone learning a different way to do our jobs, as well as our lives, and start this year without much change, there is some optimism as the vaccines start being administered. As an association, we had to react to these changes in the way we presented education to our members.  I would like to say a huge thank you to Beth Botke, Sandy Birkenshaw and Debra Ring.  These women led our education with such dedication and passion and they were able to change the direction of our education by holding virtual classes, without hesitation. Also a thank you to John Dahlquist for handling a difficult year as president of our great association with a calm and dignity.

As we start this New Year, MAA wants to switch the direction we have been going over the years. The Board of Directors would like to do more for the membership, besides just being known for education.  The association will be moving away from the monthly magazine and moving towards a more web based format.  Members will be able to start finding the board minutes, STC bulletins, as well as other resources and important information on our website or through emails to our membership.  Due to restrictions continuing to be in place regarding in person learning, MAA education would like to team up with smaller associations across the state to help with education. This will help give education that is beneficial to these organizations instead of just what is available. 

We will also be sending out instructions for the message board that can be found on our website.  This is an area where members can post questions or concerns to the board and membership, hoping to receive clarity. A board member will respond. 

Lastly, for those who do not know me, I am currently the assessor for the City of Flint.  I have been in the assessing field since I could hold a tape measure.  I swore I never would do this for a profession, even as my mom kept telling me I would be great.  I tried everything not too.  I did received a Master in Public Administration from the University of Michigan since I have always had an interest in government.  Moreover, after I started working in an office, independent of my mom, I found a great love for this profession and the members in it.  The lesson, sometimes you should listen to your parents because they know what is best. 

All my best,
Stacey Kaake, President

News from Michigan and Around the Country

MAA Webmaster
/ Categories: Article

The Net Lease Big Box Report

The Boulder Group

Cap rates in the single tenant net lease big box sector decreased by 25 basis points to 6.75% from the fourth quarter of 2019 to the fourth quarter of 2020. The decrease in cap rates can be primarily attributed an increased appetite from investors for big box tenants that operate in the essential business category such as grocery related and home improvement.

Despite the headlines surrounding retail and the Covid-19 pandemic; demand in the marketplace for big box retail assets was strong for specific tenants. Investment grade tenants within essential and operating businesses experienced an increased demand from investors in both the private and institutional sectors. The grocery sector was the winner during the pandemic in addition to other retailers including Walmart, Costco, Target, Home Depot and Lowe’s. In the fourth quarter of 2020, properties with grocery related tenancy accounted for more than 30% of the market, up 22% from 2019.

The Boulder Group

Download the Full Report



I.A.A.O. President
Greg McHenry, AAS

Manhattan, Kansas
785-537-6310 ext.5012 

The Michigan Assessors Association is an Affiliate and proud sponsor of the International Association of Assessing Officers About IAAO

MAA Executive Board

Meeting Schedule
Download Agendas and Zoom Links

Jan. 19  Tuesday  10:00 AM Virtual Download
Feb. 16 Tuesday 10:00 AM  Virtual Download
Apr. 19 Monday 10:00 AM  Delta Twp. Download
May 17 Monday 10:00 AM  Virtual Download
Jun. 21 Monday 10:00 AM  Virtual Download
Jul. 28 Wednesday 10:30 AM  Big Rapids Download
Aug. 9 Monday  8:00 AM  Boyne Mountain Download
Sep. 20 Monday 10:00 AM  Virtual Download
Oct. 18 Monday 10:00 AM  Virtual Download
Nov. (TBD) Monday 10:00 AM  TBD Download
Dec. 13 Monday 10:00 AM  Virtual Download

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