Qualifications of Mickey Foster, MAI, SRA
Commercial Real Estate Appraiser serving North Carolina & South Carolina
869 Sand Hill Rd, Asheville, NC 28806 * 828-670-8828 * Email: mickey@fosterappraisers.com

Mickey Foster holds the “MAI” designation and the “SRA” designation from the Appraisal Institute. He has served as an instructor of real estate appraising courses at Southwest Missouri State University and has over 30 years of experience in appraising, leasing, acquisition, and disposition of income-producing properties, and condemnation appraising. Mr. Foster has served on the National Review Committee of the Appraisal Institute and has been Chairman of the Candidate Guidance Committee for many years.
Area of specialization/services provided include:
-
Industrial properties
-
Car Wash facilities
-
Convenience Stores
-
Cold stores (refrigerated warehouses)
-
Warehouses (bulk storage facilities)
-
Hotels/motels
-
Commercial properties
-
Fast food facilities
-
Office buildings
-
Shopping centers/retail
-
Apartment complexes
-
Condominiums
-
Large acreage tracts, forest, timberland, and Wetlands
-
Condemnation assignments
-
Green Buildings
-
Appraisal Reviews
Professional Memberships
General Certified Appraiser, North Carolina #A-1071
General Certified Appraiser, South Carolina #CG-1792
General Certified Appraiser, Montana #931
Member of Appraisal Institute - "MAI" designation
Member of Appraisal Institute - "SRA" designation
Member of Commercial Investment Real Estate Institute – “CCIM” designation Member of Asheville Board of Realtors
Member of National Board of Realtors
North Carolina Real Estate Broker
National Review Committee for Appraisal Institute
Member of Hoot Owl Club
Member of International Association of Refrigerated Warehouses (IARW) Member of The Refrigeration Research Foundation
Member of International Institute of Ammonia Refrigeration (IIAR) Rotary Member, Austin, Texas
Elks Lodge, Springfield, Missouri
Member of International Right of Way Association (IRWA)
Educational Experience
Mars Hill College, Mars Hill, North Carolina
Degree: Bachelor of Science Major: Mathematics
Experience
Housing and Urban Development, in Seattle, Washington, and Boise, Idaho
Position: Staff Review Appraiser for Federal Housing Administration
U. S. Postal Service in St. Louis, Missouri and in Springfield, Missouri
Position: Realty Management and Acquisition Specialist.
Responsibilities: All real estate pertaining to the U. S. Postal Service in Missouri and southwest Kansas. Duties included lease negotiations, selling and acquisitions of land and facilities for conversion to post office, advertising and negotiating for new construction of postal facilities as well as miscellaneous duties pertaining to real estate including tax appeals.
Foster Real Estate Appraisers, Inc., Springfield, Missouri; Raleigh, North Carolina, and Asheville, North Carolina
Duties included mostly appraising of large acreage tracts, industrial and income properties throughout the southeastern United States.
Foster Refrigerated Warehouse Appraisers, Inc., Asheville, North Carolina
Position: Specializing in the appraisal of refrigerated warehouses (cold stores as know in Europe). Covering a national geographical area.
Southwest Missouri State University, Springfield, Missouri
Position: Instructor of Real Estate Appraising
First Franklin Financial Group, Austin, Texas
Position: Chief Appraiser - Consultant
Educational Experience - Specialized
American Institute of Real Estate Appraisers
Course IA: “Basic Appraisal Principles, Methods and Techniques” “Capitalization Theory and Techniques”
Course IB: “Capitalization Theory and Techniques”
Course II: “Urban Properties”
Course III: “Rural Valuation”
Course IV: “Condemnation”
Course VI: “Investment Analysis”
Course VII: “Industrial Properties”
Valuation of Conservation Easements
Advanced Spreadsheet Modeling for Valuation Applications
Uniform Appraisal Standards for Federal Land Acquisition (Yellow Book)
Uniform Standards of Professional Appraisal Practice - USPA Hotel/Motel Valuation
Hotel/Motel Valuation
Real Estate Finance, Value & Investment Performance
Commercial Appraisal Engagement & Review
Review Appraisals
Analyzing Distressed Real Estate
Valuation of Sustainable Buildings (Green Buildings)
Commercial Investment Real Estate Institute
Course CI-101: “Financial Analysis for Commercial Real Estate”
Course CI-102: “Market Analysis for Commercial Real Estate”
Course CI-103: “Market Analysis for Commercial Real Estate”
Course CI-104: “Market Analysis for Commercial Real Estate”
American Society of Appraisers
Course 201: “Business Valuation”
Course 202: “Business Valuation”
The American Society of Farm Managers and Rural Appraisers
Valuation of Conservation Easements & Other Partial Interest in Real Estate
Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book)
Yellow Book Review Appraisal
USPAP
Western Forestry and Conservation Association
Forest Land &Timber Appraisals
Valuation of Conservation Easements & Other Partial Interest in Real Estate
International Institute of Ammonia Refrigeration (IIAR)
“Industrial Refrigeration Workshop”
Examples of Properties Appraised
The Grove Park Inn
Hampton Inn – Airport, Brevard Rd., Tunnel Rd.
Holiday Inn & Holiday Inn Express
Econolodge
Days Inn
Homewood Suites
Double Tree Hotel
Best Western
Comfort Inn
Quality Inn
Red Roof Inn
Wingate
Cliff’s at Walnut Cove
Cliff’s at Brevard
Cliff’s at High Carolina
Friendly Hills Apartments
Haw Creek Muse Apartments
Greystone Apartments (Proposed)
Beacon Manufacturing Plant
Dayco Manufacturing Facility
Victoria Urological
WNC – OBYGN
Bojangles Restaurant
Popeye’s Restaurant
Van Wingerden Greenhouses
St. Joan of Arc School
Scenic Mobile Home Park
Bledso Office Building
Forest & Timberland
Condemnation Right of Ways & Easements
Certification
The Appraisal Institute conducts a voluntary program of continuing education for it's designated
members. MAI's, SRA's, and CCIM's who meet the minimum standards of this program are awarded periodic educational certification. Mr. Foster has completed the voluntary education program.
Geographic Area of Completed Appraisal & Consulting Services
Southeastern United States
Partial Client List
Atlantic Coast Foods, Inc.
Arbor National Commercial Mortgage Corp.
Asheville Savings Bank
Bank of St. Louis
BB&T
Biltmore Company
Burlington Northern Railroad
Central Bank of Lake of the Ozarks
Central Carolina Bank
Centura Bank
City of Asheville
CXS
Falcon Management Corporation
Firestone Company
First American Savings Bank
First Citizens Savings & Loan
First Commercial Bank
First Union National Bank
Fulton Federal Savings Bank
GE Financial
General Electric Company
Grove Park Inn
Heller Financial Group
Hibernia National Bank
IBM
Jim Anthony
Mellon Bank
Merrill Lynch Relocation Management, Inc.
National Park Service
Nations Bank
NCNB
North Carolina Department of Administration
Palms and Associates, Inc.
Penn Central Railroad
Piedmont State Bank
Price Waterhouse, CPA
Raleigh Federal Savings & Loan
Resolution Trust Corporation
Regions Bank
Southwestern Bell
Southeastern Savings & Loan
SouthTrust Bank of North Carolina
The Boatmen's National Bank of St. Louis
The Central and Southern Bank of Georgia
Krystal Blue Car Wash Retail/Office/Condo
21 Battery Park - Condo/Office/Retail Black Forest Shopping Center
South Pointe Shopping Center
Bromley Plastics
Auto Dealerships
Enterprise Factory Outlet
Groce Funeral Home
Champion Manufacturing
Imperial Cold Storage
George’s Stor-Mor
Aston Park Nursing Home
Fuddruckers Restaurant
K-mart Shopping Center
Louis Dreyfus Cold Storage
Southern Cold Storage
Frontier Jet Spinning Mill
Quaker Oaks Manufacturing
North Pack Square Office
Grove Park Inn Golf Course
Highland Hospital
Highland Office Park
Ben Lippin School
Chimney Rock Park
OMC Manufacturing Facility
Brownfields
Walnut Cove – Subdivision
Cliffs at Brevard – Subdivision
United States Government
Department of Justice
U. S. Marshall Office
U. S. Forest Service
National Park Service
GSA
U. S. Postal Service
Mountain 1st Bank & Trust
Van Wingerden International
Wachovia Mortgage Company
Wells Fargo Bank
West One Bank - Idaho
Williams Furniture Company
State of North Carolina Dept. of Transportation State of Missouri Dept. of Transportation
United Federal Credit Union