• Ph.D., Business Administration, University of South Carolina, 1980
• M.C.E., Civil Engineering, North Carolina State University, 1973
• B.S., Civil Engineering, Virginia Polytechnic Institute & State U, 1962

• Associate Professor Emeritus of Finance, University of Illinois, 2006 to present
• Director, Office of Real Estate Research, University of Illinois, 2003-2014
• Acting Director, Office of Real Estate Research, University of Illinois, 1992
• Director of Graduate Studies, Department of Finance, 1991-2006
• Associate Professor of Finance, University of Illinois, 1986-2006
• Assistant Professor of Finance, University of Illinois, 1980-1986
• Lecturer of Finance, University of Illinois, 1979
• Visiting Assistant Professor, University of South Carolina, 1977-1978

• Trefzger, J., & Cannaday, R. (2015). NPV of Refinancing: Rethinking the Borrower's Discount Rate. Journal of Real Estate Practice and Education, 18 (1), 1-33.
• Cannaday, R., Munneke, H., & Yang, T. (2005). A Multivariate Repeat-Sales Model for Estimatiing House Price Indices. Journal of Urban Economics, 57 (2), 320-342.
• Cannaday, R., & Gu, A. (2004). Value of the Option to Develop Residential Land: An Empirical Estimate. Real Estate Review, 32 (4), 60-65.

Teaches courses in real estate and land economics.

Research focuses on real estate valuation, both theoretical and empirical. Has served as a consultant to State of Illinois Attorney General's Office; Commercial Real Estate Training, Inc., Hoffman Estates; Appraisal Research Counselors, Ltd., Chicago; LBC & W Consultants, Inc., Columbia, S.C.