Independent Appraisers Join Forces to Form Valbridge

A group of 42 independent appraisal companies have unified their operations under the name Valbridge Property Advisors. The new entity specializes in commercial real estate valuations.

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Property types valued include office; industrial; retail; multifamily and senior living; lodging, hospitality and recreational; and other special purpose properties.

Chief executive and president Richard Armalavage said, "Client demand for a strong independent national commercial property appraisal services platform has driven the formation of Valbridge. 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.

"The combination reinforces each office's existing market presence and enables an even higher level of service.”

The company is headquartered in Naples, Fla. It has 159 MAI designated appraisers, 600 total staffers and 59 offices. Valbridge is owned by its local practice leaders. The person in charge of each office has an MAI designation.


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