Forty-two appraisal firms across the United States announced that they are now operating as Valbridge Property Advisors (www.valbridge.com), having combined to provide independent valuation and advisory services to local, regional, multi-market and national clients. The 42 firms are independent valuation leaders in their local markets, some having been in business for decades or more.
“Client demand for a strong independent national commercial property appraisal services platform has driven the formation of Valbridge,” said Richard Armalavage, chief executive officer and president of Valbridge Property Advisors. “Valbridge will be able to maximize opportunities for clients by elevating industry standards for accuracy, integrity, reporting and technology in service to current and future clients.”
Based on publicly available information and company estimates, Valbridge immediately ranks among the top three national commercial real estate valuation and advisory services firms, with 145 MAIs, 59 office locations and 600 staff across the U.S.
Valbridge provides appraisal services based on objective criteria, in-depth knowledge of local property markets and using widely accepted valuation techniques consistent with the highest industry standards of practice, providing independent valuation and advisory services. Valbridge is a shareholder-owned national company, with each office run by the local practice leaders.
Each Valbridge office is led by an appraiser who holds the MAI designation of the Appraisal Institute. The MAI designation signifies deep experience in the valuation and evaluation of commercial, industrial, residential and other types of properties.
“It is exciting to be part of such a talented team of experienced appraisers who share a common vision and passion for client service, for the profession and for enhancing the value of the overall Valbridge enterprise,” Armalavage added.
The 42 firms that have combined to launch Valbridge include:
• Akron Appraisal Group Inc. (Akron, OH)
• Allen Brackett Shedd (Bellevue, WA)
• Allgeier Co. (Louisville, KY)
• Argote, Derbes, Graham, Shuffield & Tatje Inc. (New Orleans/Metairie, LA)
• Armalavage Valuation LLC (Naples, FL)
• Atlantic Appraisals, LLC (Mt. Pleasant, SC)
• Auble, Jolicoeur & Gentry Inc. (Spokane Valley, WA)
• Axial Advisory Group LLC (Williamsburg, VA)
• Barone, Murtha, Shonberg & Associates Inc. (Pittsburgh, PA)
• Beaumont, Matthes & Church Inc. (Orlando, FL)
• Bristol Realty Counselors (Boulder, CO)
• Broom, Moody, Johnson & Grainger Inc. (Jacksonville, FL)
• Bullock Commercial Appraisal LLC (Lexington, MA)
• C & I Appraisal Services Inc. (Memphis, TN)
• Cantrell Miller, LLC (Atlanta, GA)
• Cummings Appraisal Group Inc. (Pasadena, CA)
• Dugger, Canaday, Grafe Inc. (San Antonio, TX)
• Entreken Associates Inc. (St. Petersburg, FL)
• Free and Associates Inc. (Salt Lake City, UT)
• Hulberg & Associates Inc. (San Jose, CA)
• Italia & Lemp Inc. (Hartford, CT; Norwalk, CT)
• John Bosworth & Associates LLC (Charlotte, NC)
• Lipman Frizzell & Mitchell (Columbia, MD)
• Lubawy & Associates Inc. (Las Vegas, NV)
• Lukens & Wolf LLC (Philadelphia, PA)
• Mardell Partners Inc. (Minneapolis, MN)
• Meridian Realty Advisors LLC (Knoxville, TN)
• Mitchell Appraisals Inc. (Indianapolis, IN)
• MJN Enterprises Inc. (Tucson, AZ)
• Mountain States Appraisal & Consulting Inc. (Boise, ID)
• Paramount Appraisal Group Inc. (Cary, NC)
• Penner & Associates, Inc. (Fullerton, CA)
• R.K. Barnes & Associates Inc. (Brentwood, TN)
• Real Estate Appraisers LLC (Montgomery, AL)
• Ribacchi & Associates (Sacramento, CA)
• Robinson Co. (Greenville, SC)
• Roy R. Fisher Inc. (Davenport, IA)
• Shaner Appraisals Inc. (Overland Park, KS)
• The Gerald A. Teel Co. Inc. (Houston, TX)
• The Oetzel-Hartman Group (East Lansing, MI)
• Vitale Realty Advisors LLC (Brookfield, WI)
• Walton Property Services LLC (Tulsa, OK)