ATLANTA-Lee & Associates recently made a bold move in the appraisal and valuation sector of the CRE industry. The firm just launched Lee & Associates Valuation and Consulting Services. Daniel Boring and Victor Segrest are leading service line out of the Atlanta office and will offer national coverage. GlobeSt.com caught up with Lee CEO Edward Indvik to take a deeper look at what this means for Lee and the industry it serves.
GlobeSt.com: Can you explain a little bit about the Lee & Associates Valuation and Consulting Services? What is the focus of the group?
Indvik: The expansion of the service line highlights the company’s evolution to delivering a broadening range of commercial real estate solutions to clients nationwide. When appropriate we want to continue the growth of our organization. This includes our geographic footprint and services for the benefit of our clients and agents. Valuation and appraisal plays a role in providing clients with another service and will be responsible for providing valuation and consulting services on a national basis for personal and real property, tangible and intangible assets, valuation for financial reporting, business valuation and appraisal review and appraisal management.
GlobeSt.com: How will it provide its services to your clients nationwide?
Indvik: One of the foundational elements of a successful appraisal operation is the ability to provide timely market information at the street level. With our extensive brokerage operation the valuation and appraisal service line will be able to take advantage our market expertise.
We are actively assembling a team of experienced professionals with a wide range of capabilities and specialties who will be co-located within our existing offices with satellite offices located in secondary markets. Our goal is to put as many dots on the map and to place our professionals at the street level. The plan is to have our appraisers to be at the street level, directly involved in, and knowledgeable of, the local market.
In addition it is important to note our valuation organization has invested heavily in a state of the art technology platform situated within a data rich environment that produces better quality reports with shorter delivery times on a nationwide basis. We will be able and expect to provide professional services to the banking, financial, corporate and investment community, legal and accounting services and government institutions. The goal is to deliver these services with the same efficiency, integrity and high standards that our clients have come to expect.
GlobeSt.com: Can you tell us how Lee came to select Daniel and Victor to head this service group?
Indvik: Our executive leadership is committed to providing a comprehensive platform of services to our clients and Daniel and Victor were already well known in the industry. Daniel was one of the eight original members of the executive management team responsible for re-launching the Grubb & Ellis Landauer platform in 2010. During his time with Landauer, Daniel managed seven offices located within a nine-state region. He previously served in various executive management positions with Cushman & Wakefield, Colliers International and GVA Kidder Mathews.
Victor, a 23-year veteran, was responsible for capital markets in the Southeast for Grubb & Ellis, where he started in 2008. He was previously in the investment properties group with CB Richard Ellis. Victor started his career in Atlanta developing build-to-suit properties with Industrial Developments International. Since 1989, he has completed more than 30 million square feet of real estate acquisition, development, leasing and disposition assignments, with a combined value of more than $1.2 billion.
Come back this afternoon for part two of this exclusive interview.