42 Appraisal Firms Combine to Launch Valbridge Property Advisors, Which Immediately Ranks Among Top 3 Commercial Real Estate Valuation and Advisory Services Firms in the U.S.

NAPLES, Fla., March 18, 2013 /PRNewswire/ -- Forty-two appraisal firms across the U.S. announced today 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.

Based on publicly available information and company estimates, Valbridge immediately ranks among the Top 3 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.  In contrast to most of its competitors, Valbridge provides 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.

Valbridge Property Advisors is led by a Board of Directors and officers, including CEO/President Richard L. Armalavage, MAI.  Commenting on today's launch of Valbridge, 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."

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

Valbridge Specializes in All Types of Property and Land

Valbridge serves local, regional, multi-market and national clients.  The firm specializes in all types of property and land, including:

• Office
• Industrial
• Retail
• Apartments / multifamily / senior living
• Lodging / hospitality / recreational
• Other special-purpose properties

The 42 firms that have combined to launch Valbridge include (local firm name and headquarters location):

• Valbridge Property Advisors | Akron Appraisal Group, Inc. (Akron, OH)
• Valbridge Property Advisors | Allen Brackett Shedd (Bellevue, WA)
• Valbridge Property Advisors | Allgeier Company (Louisville, KY)
• Valbridge Property Advisors | Argote, Derbes, Graham, Shuffield & Tatje, Inc. (Baton Rouge, LA)
• Valbridge Property Advisors | Armalavage Valuation, LLC (Naples, FL)
• Valbridge Property Advisors | Atlantic Appraisals, LLC (Mt. Pleasant, SC)
• Valbridge Property Advisors | Auble, Jolicoeur & Gentry, Inc. (Spokane Valley, WA)
• Valbridge Property Advisors | Axial Advisory Group, LLC (Williamsburg, VA)
• Valbridge Property Advisors | Barone, Murtha, Shonberg & Associates, Inc. (Pittsburgh, PA)
• Valbridge Property Advisors | Beaumont, Matthes & Church, Inc. (Orlando, FL)
• Valbridge Property Advisors | Bristol Realty Counselors (Boulder, CO)
• Valbridge Property Advisors | Broom, Moody, Johnson & Grainger, Inc. (Jacksonville, FL)
• Valbridge Property Advisors | Bullock Commercial Appraisal, LLC (Lexington, MA)
• Valbridge Property Advisors | C & I Appraisal Services, Inc. (Memphis, TN)
• Valbridge Property Advisors | Cantrell Miller, LLC (Atlanta, GA)
• Valbridge Property Advisors | Cummings Appraisal Group, Inc. (Pasadena, CA)
• Valbridge Property Advisors | Dugger, Canaday, Grafe, Inc. (San Antonio, TX)
• Valbridge Property Advisors | Entreken Associates, Inc. (St. Petersburg, FL)
• Valbridge Property Advisors | Free and Associates, Inc. (Salt Lake City, UT)
• Valbridge Property Advisors | Hulberg & Associates, Inc. (San Jose, CA)
• Valbridge Property Advisors | Italia & Lemp, Inc. (Hartford, CT; Norwalk, CT)
• Valbridge Property Advisors | John Bosworth & Associates, LLC (Charlotte, NC)
• Valbridge Property Advisors | Lipman Frizzell & Mitchell (Columbia, MD)
• Valbridge Property Advisors | Lubawy & Associates, Inc. (Las Vegas, NV)
• Valbridge Property Advisors | Lukens & Wolf, LLC (Philadelphia, PA)
• Valbridge Property Advisors | Mardell Partners, Inc. (Minneapolis, MN)
• Valbridge Property Advisors | Meridian Realty Advisors, LLC (Knoxville, TN)
• Valbridge Property Advisors | Mitchell Appraisals, Inc. (Indianapolis, IN)
• Valbridge Property Advisors | MJN Enterprises, Inc. (Tucson, AZ)
• Valbridge Property Advisors | Mountain States Appraisal & Consulting, Inc. (Boise, ID)
• Valbridge Property Advisors | Paramount Appraisal Group, Inc. (Cary, NC)
• Valbridge Property Advisors | Penner & Associates, Inc. (Fullerton, CA)
• Valbridge Property Advisors | R.K. Barnes & Associates, Inc. (Brentwood, TN)
• Valbridge Property Advisors | Real Estate Appraisers, LLC (Montgomery, AL)
• Valbridge Property Advisors | Ribacchi & Associates (Sacramento, CA)
• Valbridge Property Advisors | Robinson Company (Greenville, SC)
• Valbridge Property Advisors | Roy R. Fisher, Inc. (Davenport, IA)
• Valbridge Property Advisors | Shaner Appraisals, Inc. (Overland Park, KS)
• Valbridge Property Advisors | The Gerald A. Teel Company, Inc.  (Houston, TX)
• Valbridge Property Advisors | The Oetzel-Hartman Group (East Lansing, MI)
• Valbridge Property Advisors | Vitale Realty Advisors, LLC (Brookfield, WI)
• Valbridge Property Advisors | Walton Property Services, LLC (Tulsa, OK)

About Valbridge Property Advisors

Valbridge Property Advisors, based in Naples, Fla., is one of the largest commercial property valuation and advisory services firms in the U.S., with 145 MAIs, 59 office locations and 600 staff across the nation.  Valbridge provides independent 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.  Valbridge is owned by its local practice leaders, not by a brokerage firm, investment company or outside investors.  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.  Additional information about Valbridge Property Advisors is available online at www.valbridge.com.

For more information contact:
Cary Brazeman, 310-205-3590
[email protected]

SOURCE Valbridge Property Advisors