Qualifications - Richard Correll
Present - Principal - Correll Commercial Real Estate Services - Indianapolis, Indiana
- Indiana Certified General Appraiser
Mission Statement: To use our knowledge and expertise to provide innovative solutions to commercial real estate challenges and to help our clients achieve their goals through excellent service.
RECENT ENGAGEMENTS
- Valuation and Consulting relating to Regional Mall Tax Appeal
- Valuation of Distressed Commercial Property Assets for US Lender
- Asset Disposition Strategy for Regional Portfolio Owner
- Going Concern Valuation of Amusement Park
- Portfolio Consulting relating to Acquisition by Wall Street Firm
- Expert Testimony on numerous Tax Appeal Cases in the Midwest
PUBLISHING:
Book Author: The Market Analysis and Valuation of Self Storage Facilities,
Appraisal Institute, 2003.
Article Author: Overcoming Hurdles in Building Financing, Indianapolis Business
Journal, 1996.
Quoted: Midwest Real Estate News
EXPERT WITNESS:
Testified as an Expert Witness or Used in Mediation for cases in Illinois, Indiana,
Michigan, Louisiana, and Florida.
PROFESSIONAL BACKGROUND:
Present – Principal – CORRELL Commercial Real Estate Services –
Indianapolis, Indiana
1989-1991 – Senior Consultant – Pannell, Kerr, Forster – Chicago, Illinois
1986-1989 – Appraiser – Home Savings of America – Los Angeles, California
EDUCATION:
BA, Southern Illinois University – 1981-1985
APPRAISAL COURSEWORK:
| Appraisal Institute | |
| - Standards of Professional Practice | - Basic Appraisal Principles |
| - Market Analysis and Highest and Best Use | - Capitalization Theory and Techniques |
| - Advanced Income Capitalization | - Sales Comparison Approach |
| - Site Valuation & Cost Approach | - Report Writing & Case Studies |
| - Appraisal of Retail Properties | - Advanced Applications |
| - Passed All Modules of Comprehensive Exam | |
| - All Experience Credit Achieved | |
LICENSES:
Indiana Certified General Appraiser - No. CG49300107
Indiana Broker - No. IB29700251
MAI Candidate: Appraisal Institute
GEOGRAPHIC AREAS THAT HAVE BEEN SERVED:
We have completed engagements in the following 29 States and Caribbean: Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, Montana, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, and Utah.
The Bahamas
MENTORS:
Neil King, MAI, CRE – Retired – Past President Neil King and Associates –
Chicago, Illinois
Tony Uzemack, MAI – President – Appraisal Systems – Park Ridge, Illinois
Laurence Allen, MAI, CFA – President – Allen & Associates – Birmingham,
Michigan
CONTACT
Richard R. Correll
7399 N. Shadeland Ave.
Indianapolis, Indiana 46250
14074 Trade Center Drive – Suite 247
Fishers, Indiana 46038
Tel: (317) 842-0007
Fax: (317) 842-0008
Mobile: (317) 507-0009
Email: rcorrell@rcorrell.com