Ray SabbaghzadehFounder
Formal Education:

Masters in Business Administration Aug 2007 – Aug 2009

The University of Tampa, Tampa, Florida, USA

World Renowned AACSB Accreditation for Business Colleges

Bachelor of Arts in Business Management Sep 2000 – Mar 2002

Malone University, Canton, Ohio, USA

Professional Education & Qualifications:

 Ongoing Real Estate and Appraisal Coursework, Sep 1993 – Present

 Course Modules: Cash Flow & Financial Analysis; Construction & Replacement Cost; Inspection

Methodology; Market Research; Cost Analysis; Valuation Techniques, etc.

 Appraisal Institute Membership Since 1998

 Appraisal Institute Designation (SRA), April 2006

 Marshall & Swift Commercial Cost Training Certification, July 2014

Core Competencies:

▪ Real Estate Valuations ▪ Insurable Value ▪ Construction & Replacement Analysis ▪ Market Trend Research

▪ Lease & Rental Analysis ▪ Records Examination ▪ Personnel Management ▪ Personnel Training

▪ Income Analysis

Key Achievements:

 Performed valuation of a variety of real estate for Multi-Million Dollar projects, including complex

assignments with values of over $200,000,000, for fair market & insurable value, on both commercial and residential scale

 Trained and managed personnel from ground level to certification

 Owned and managed two real estate valuation & consulting firms in two states within the United States

 Received highest appraisal designation

 Real estate sales

 Lived, studied, and worked in the United States, Europe, and the Middle East

Career Progression:

Certified Appraisers & Consultants, Naples, Florida

(a Full Service Real Estate Appraisal Company)

Director/Owner Mar 2003 – Present

 Estimating property values by taking into account factors including depreciation, replacement costs, records research, comparable sales, and income potential

 Preparing written reports to estimate property values via outlining methods to make estimation and meet the appraisal standards

 Drawing building diagrams to be used in appraisal reports to support findings

 Estimating building replacement costs for insurable value by using building valuation manuals and professional cost estimators

 Monitoring administrative duties including Personnel Management, Marketing, Expansion, Training,

Customer Service and Finance

Townsend Appraisals, Naples, Florida

(Real Estate Insurable-Replacement Cost Analysis)

Appraiser April 2014 – October 2015

 Estimating insurable property values by taking into account factors including current construction costs, depreciation, replacement costs, records research, Etc.

Integra Realty Resources, Naples, Florida

(Integra Realty Resources is a nationwide commercial appraisal franchise)

Appraiser Jun 2002 – Mar 2003

 Estimated property values, researched sales, and offerings gathered income and lease data, validated findings and completed appraisal reports

 Gathered data through interviewing individuals familiar with the market, such as contractors, home owners, and realtors to obtain pertinent information

Residential Valuation Group, Cleveland, Ohio

(Residential Valuation Group provided quality appraisals designed to meet client needs)

Director/Owner Mar 1996 – Jun 2002

 Inspected properties to evaluate construction, condition, special features and functional design to estimate the property values

 Evaluate markets where properties are situated, considering locations and trends or impending changes that could influence future values

 Managed administration and coordinated activities related to staffing and accounting


State of Florida Certified General Appraiser RZ2592