INDIANAPOLIS—In January, Lee & Associates launched Lee & Associates Valuation and Consulting Services, and the new operation just opened an office, their third, in Indianapolis. They opened the first office in Atlanta, Lee's headquarters, and the second in Chicago just this March. Daniel Boring, the chief executive officer of Lee & Associates Valuation, told GlobeSt.com that it was all part of a plan to take the new service national.

An appraisal service “supports the overall corporate structure,” he says. “It's a good core asset and another service that [Lee] can offer to clients and bring them into the fold.” They plan to eventually offer appraisal services in all of Lee & Associates' 48 current locations and even start up elsewhere “and use that as a springboard to create brokerages where we don't currently have offices. We look at it as a strategic move to insert ourselves in other markets.”

Anelena Ackerly will staff the new office. She has more than 20 years of experience and will prepare real estate appraisals, rent analyses and market studies in the Midwest.

“It was imperative to our Midwest operation to open an Indianapolis office that would link with Chicago and the Midwest,” Boring says. Lee & Associates Valuation will next open offices in Greenville, North Carolina and New York sometime this year.

Instant Insights /

Lee & Associates Expands Midwest Presence

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