42 Appraisal Firms Merge as Valbridge

NAPLES, FL—In a unique merger that results in formidable network, 42 appraisal firms across the U.S. are now operating under the Valbridge Property Advisors banner. The company will provide independent valuation and advisory services to local, regional, multi-market and national clients.

“Client demand for a strong independent national commercial property appraisal services platform has driven the formation of Valbridge,” says Richard L. Armalavage, MAI, CEO and president 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.”

Based on publicly available information and company estimates, Valbridge says it ranks among the top three national commercial real estate valuation and advisory services firms, with 145 MAIs, 59 office locations and 600 staff across the U.S.

Here's Valbridge's approach: The company will provides appraisal services based on objective criteria, knowledge of local property markets and using widely accepted valuation techniques consistent with industry standards. Valbridge's board of directors sees its competitive differentiation as in a word: independent. The company provides independent valuation and advisory services.  

Business model-wise, 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.

“The combination reinforces each office's existing market presence and enables an even higher level of service,” says Armalavage. “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.”