Dallas-based Butler Burgher Group (BBG) announced today that it has acquired New York-based Leitner Group Inc. The alignment buoys BBG’s status as one of the fastest-growing independent commercial real estate valuation and consulting firms in the country.
During the transitional period following this transaction, the New York office will operate as Leitner Group, Now Part of BBG. Leitner Group founder Joel Leitner will continue to lead the New York office, and will work closely with Susan Kominski, BBG’s senior managing director, eastern region.
“Joel has a stellar reputation, clientele and business,” said BBG CEO Diane Butler. “To partner with someone with his leadership, long-term relationships and local expertise is advantageous for BBG, extending our reach even further and giving us a strong presence in New York and the greater Tri-State area.”
The move gives Leitner Group a national footprint and strengthens both firms’ ability to take on large-portfolio assignments.
“What we are offering the marketplace is unique — independent valuation services on a national scale,” Leitner said. “In addition, both BBG and Leitner Group have a long history of primarily servicing the real-estate financial services community with consistency, sound judgment, integrity and on-time performance.”
BBG ranks among the five largest valuation and consulting firms with 21 offices nationwide. The new New York office will execute appraisals across all commercial sectors including office, retail, multifamily and industrial with special expertise in portfolio projects.
Deloitte Corporate Finance LLC acted as exclusive financial adviser to BBG in the acquisition. Terms of the transaction were not disclosed.