Your Appraisal and Investment Consulting Firm
Cantrell Ray Real Estate is an appraisal and investment consulting firm whose mission is to provide its clients with the very best objective and rational decision-making information for use with their commercial real estate investments.
Our Expert Personnel
Matthew P. Ray, MAI
Matthew P. Ray, MAI, is President of Cantrell Ray Real Estate. He focuses primarily on appraisal, consulting, and property management of commercial real estate in Florida, Virginia, North Carolina, and Georgia. His appraisal experience includes valuation for eminent domain, inverse condemnation, Bert J. Harris Act claims, title insurance claims, and civil litigation, as well as estate planning, tax appeals, mortgage collateral for financial institutions, and general appraisal requests. Matt has been qualified as an expert witness in the Circuit Courts of Duval, Nassau, and Seminole Counties, U.S. Bankruptcy Court, Middle District of Florida, and Federal Court, Northern and Middle Districts of Florida. Testimony experience includes civil litigation, environmental contamination, eminent domain (compensation due owner), bankruptcy, ad valorem tax protest, etc. Additional experience includes real estate consulting, highest and best use studies, financial feasibility studies, property management, and development. Matt has also been appointed a Receiver by the Seventh Judicial Circuit Court of Florida.
Education, Credentials & Membership
Florida State University
Bachelor of Science, Major: Real Estate, 1999
MAI – Member, Appraisal Institute
Florida State Certified General Real Estate Appraiser – License No. RZ 2663
Virginia State Certified General Appraiser – License No. 4001016557
North Carolina Certified General Real Estate Appraiser – Certificate No. A7944
Georgia Certified General Real Estate Appraiser – License No. 328454
Heyward M. Cantrell, MAI
Heyward M. Cantrell, MAI, has over 40 years of experience in appraising commercial real estate throughout Florida, Virginia, and North Carolina, with an emphasis on complex commercial litigation (when real estate value is an issue), eminent domain and ad valorem tax cases. He also has over 25 years of experience in the brokerage of all types of commercial real estate and the development of over 30 real estate projects whose total value exceed $300,000,000. These projects include oceanfront resort condominiums, hotels and motels, apartment buildings, medical office buildings, historical properties, single family subdivisions and industrial buildings. In addition, his experience includes management and leasing of most types of income producing properties. This hands on market participant experience as a broker, developer, and manager of real estate significantly enhances the appraiser’s ability to recognize the highest and best use of a property and its related value. Quite often Mr. Cantrell is employed to serve as a review appraiser in litigation matters. The Circuit Courts have appointed Mr. Cantrell a Receiver of over 30 different properties.
Education, Credentials & Membership
University of Florida
Bachelor of Science in Business Administration, Major: Finance, 1966 Master of Business Administration, 1969MAI—Member, Appraisal Institute
Florida State Certified General Real Estate Appraiser – License No. RZ 1051
North Carolina State Certified General Real Estate Appraiser – Certificate No. A7569
Rikke L. Mihos-Russo, MAI
Rikke Mihos-Russo, MAI, joined Cantrell Ray Real Estate in 2014. Her appraisal experience includes valuation of vacant and improved properties for eminent domain, estate planning, and mortgage collateral for financial institutions. Some of the various commercial property types appraised include vacant land, single and multi-tenant office, medical office, single and multi-tenant retail, industrial, restaurant, marina, nursery, equestrian communities, and special purpose properties.
Education, Credentials & Membership
University of North Florida
Bachelor of Business Administration, Major: Business Management, 2014
MAI – Member, Appraisal Institute
Florida State-Certified General Real Estate Appraiser – License No. RZ4011
Sarah F. Pinkepank, MAI
Sarah F. Pinkepank, MAI – Since joining Cantrell Ray Real Estate in 2014, Sarah F. Pinkepank has performed work on commercial properties throughout Florida, Georgia, North Carolina, Virginia, and Tennessee. Her appraisal experience consists of valuation for eminent domain, Bert J. Harris Act claims, inverse condemnation claims, title insurance claims, as well as tax appeals, estate planning and mortgage collateral for financial institutions. Sarah has appraised various property types including vacant land, medical and general office, retail, restaurant, lodging, multifamily, residential subdivisions, industrial, self-storage, port properties, special purpose properties, religious facilities, proposed construction, timberland and mineral rights.
Education, Credentials & Membership
University of South Carolina
Bachelor of Arts in Political Science, Summa Cum Laude, 2013
MAI – Member, Appraisal Institute
Florida State-Certified General Real Estate Appraiser – License No. RZ3968
North Carolina Certified General Real Estate Appraiser – Certificate No. A8238
Virginia Certified General Real Estate Appraiser – License No. 4001017729