National firm’s corporate office opens in Naples: Armalavage Valuation joins with 41 appraisal firms to launch Valbridge Property Advisors

03/18/2013

NAPLES, Fla. (March 18, 2013) — Naples-based Armalavage Valuation, LLC, announced today that it has joined forces with 41 other appraisal firms to form Valbridge Property Advisors, a national organization with headquarters in Naples that provides independent valuation and advisory services to local, regional and national clients.

Based on publicly available information and company estimates, Valbridge now 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.

Founded in Naples, Fla. in 1989, Armalavage Valuation, LLC is led by managing members Geri F. Armalavage, MAI, CBA, CMEA and Richard L. Armalavage, MAI. Geri Armalavage has been named Valbridge’s chairman of the board and Richard Armalavage is the firm’s president and CEO.

A recognized leader in the regional market, the firm will be known as Valbridge Property Advisors l Armalavage Valuation, LLC.

Valbridge provides appraisal services based on objective criteria, in-depth knowledge of local property markets and using widely accepted valuation techniques consistent with the highest industry standards of practice.

“Our strengths and experience are focused on advising and valuing real estate,” said Rick Armalavage. “And because we are not a brokerage firm, we are able to provide independent, unbiased valuation and advisory services.”

Valbridge is a shareholder-owned national company, with each office run by the local practice leaders who hold 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.

“Client demand for a strong, independent national property appraisal services firm has inspired us to combine with the best and brightest appraisers across the nation to form Valbridge,” commented Geri Armalavage. “We will always be committed to serving as the leading firm in our ‘home’ market known for the high standards of accuracy, integrity and reporting that helped us grow to where we are today. In fact, as Valbridge we will, over time, provide expanded services and an even higher level of service making it easier for our local, regional and national clients to employ just one firm for all their valuation needs.”

More about Valbridge Property Advisors
Valbridge Property Advisors, based in Naples, Fla., is one of the largest commercial property valuation and advisory services firms in the U.S., with 145 MAIs, 59 office locations and 600 staff. Valbridge provides independent appraisal services based on objective criteria, in-depth knowledge of local property markets and using widely accepted valuation techniques consistent with the highest industry standards of practice. Valbridge is a privately held company that is owned by its local practice leaders, not by a brokerage firm, investment firm or outside investors. 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. Additional information about Valbridge Property Advisors is available online at www.valbridge.com.

Valbridge Specializes in All Types of Property and Land

Valbridge serves local, regional, multi-market and national clients. The firm specializes in all types of property and land, including:
• Office
• Industrial
• Retail
• Apartments / multifamily / senior living
• Lodging / hospitality / recreational
• Other special-purpose properties

More about the Senior Managing Directors
Geri F. Armalavage, MAI, CBA, CMEA has been in the appraisal business in South Florida for more than 26 years and holds a bachelor degree with double major in Finance and Real Estate Analysis from the University of Connecticut. Geri has expertise in all facets of real estate and business valuation, expert witness court testimony, appraisal review, consulting, and has served on the Appraisal Institute’s Experience Review Committee. Geri also provides extensive market and feasibility studies for developers and lenders. In addition to holding the MAI designation from the Appraisal Institute, CBA designation from the Institute of Business Appraisers, and CMEA designation from the NEBB Institute, Geri is a state-certified General Appraiser and Real Estate Broker. Geri currently serves as chairman of the board of Valbridge Property Advisors.

Richard L. Armalavage, MAI received his Bachelor of Science degree from Indiana University with a major in Real Estate Administration. Rick holds the MAI designation from the Appraisal Institute as well as a Florida State-Certified General Appraiser license. Rick began his appraisal career in 1978 in Southwest Florida and, over the years has gained extensive knowledge, experience and expertise in real estate valuation, analysis and consulting. Rick’s specialties include a variety of commercial properties with expertise in Highest and Best Use, Subdivision and Condominium Analysis, Feasibility Studies and Support Services as an Expert Witness. Rick is a Real Estate Broker in Florida and holds membership with the National Association of Realtors and Urban Land Institute (ULI). Rick has served on numerous non-profit boards and is currently on the Board of Directors for IngageNetworks (a privately held technology firm). Rick currently serves as president/CEO of Valbridge Property Advisors.