DALLAS—BBG ranks among the largest US real estate valuation and assessment firms, with more than 20 offices nationwide. The commercial real estate valuation, advisory and assessment firm has completed the acquisition of Commercial Valuation Consultants Inc. (CVC), a full-service commercial real-estate appraisal firm in Denver. Terms of the acquisition were not disclosed.

“CVC is a great cultural match with BBG, and we are thrilled for the possibilities this unleashes for both groups in the Denver market and beyond. Rodman (Schley)'s energy, leadership and industry involvement is attractive to BBG, and he will continue to excel in his new role here. The technological advances CVC brings to BBG are paramount in our industry, and it's exciting for BBG to recognize the role that technology plays for our appraisers, staff and clients. This is truly an exciting new chapter for BBG's growth and we welcome Rodman, Patrick (Walsh) and their impressive team to our expanding group,” says Jaimee Keene, managing director of BBG's Denver office.

CVC was founded by the firm's president Rodman Schley in 2002. Under his leadership and direction, Schley has successfully grown the firm by remaining focused on refining and modernizing commercial appraisals. CVC currently has three offices.

“Rodman and his team have built a firm with a reputation for professional integrity, customer service and cutting-edge technology. They also share our vision of creating a national independent valuation provider. Through this partnership, we have taken a large step toward achieving that goal,” said Chris Roach, BBG president of valuation. “We couldn't be more excited about CVC joining BBG as this represents a big move for us. CVC gives the depth and expertise to continue to serve our clients on a larger scale in the West. With four offices nationwide and headquartered in Denver, one of the hottest markets in the country, CVC adds depth in all of the right places.”

Schley, vice president Patrick Walsh and CVC's other employees will join the BBG team. In their new roles with BBG, Schley will serve as senior managing director, western region, and Walsh will be appointed as director of information technology.

Roach tells GlobeSt.com: “The acquisition of CVC is a big win for BBG. Adding this talented team allows us to grow with this very active real estate market. This acquisition represents a partnership between two companies with similar core values and a mission to provide independent national valuation services for BBG's clients.”

BBG is a full-service provider of commercial property valuation products ranging from specialized due diligence and consulting services to appraisal reports. The advisory services practice was created to deliver real estate solutions and strategies to clients with specialized operational and business reporting requirements. Its advisory services focuses on serving open and closed-end real estate funds, REITs, hospitality and leisure firms, pension funds, and corporate real estate owners.

“CVC is pleased to have an opportunity to become part of a national organization that has similarly high quality standards,” Schley said. “Our company was built on providing the highest quality reports in the marketplace and BBG's quality standards are perfectly aligned with ours.”

Instant Insights /

BBG Acquires Appraisal Firm CVC of Denver

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