Bert L. Thornton President’s Award 2023

MAI, AI-GRS

Misty K Ray, MAI, AI-GRS, is a lifelong resident of Fort Worth, Texas, and has been appraising commercial real estate for 40 years. She entered the profession immediately after graduating from the University of Oklahoma. Five years later, Ray earned an MAI designation. She is currently the president and owner of AdVal Analytics, LLC, which provides advanced valuation, consulting, analytical, and litigation support services. She specializes in eminent domain and litigation appraisal and has served as an expert witness before juries and commissions over 150 times.

Ray served on the Appraisal Institute Board of Directors from 2013 to 2016. She has been chair of the Appraisal Institute Insurance Trust (2022 and 2023) and was co-chair of the 2023 CEO Search Project Team. In 1994, Ray was elected by her peers as a Discussion Leader of the Young Advisory Council, now known as LDAC, the Leadership Development and Advisory Council. Ray has served on numerous AI committees and has been an active member of the Central Texas Chapter throughout her career. She is proud to have been of service to her profession and her professional organization.

Ray has two adult children, Katy and Kalli, who are successful businesswomen in their own rights, and one grandson. In her spare time, Ray has hiked the Inca Trail to Machu Picchu, repelled an 18-story building, parasailed in the German Alps, scuba dived shipwrecks, hiked the Swiss Alps, and spent many wonderful hours with the good friends she has made through the Appraisal Institute.