BBG expands into Sun Belt with acquisitions

For more than 20 years, DeRango appraised various property types in central Florida and provided expert testimony in state and federal courts, officials said. For his part, Best has extensive commercial appraisal experience in Florida and Georgia and served as an expert witness with the US Federal Bankruptcy Court and as a real estate consultant for institutional clients, company officials added.

Established in 1986, David E. Jones & Associates specialized in a variety of property types including: multifamily, assisted living, mixed-use, faith-based facilities, healthcare, hospitality, office, industrial/warehouse, retail, RV parks, athletic facilities and self-storage.

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BBG offers comprehensive due diligence services including valuation, advisory, assessment, desktop evaluation, energy services, cost segregation, zoning, and ALTA surveys. Headquartered in Dallas, the firm has 48 offices in key US markets and serves more than 4,500 clients, according to its corporate literature. The company has the distinction of being one of the Big Five national valuation firms.

The traditional dynamic of the transaction comes at a time when the industry is facing a critical shortage of appraisers within the industry – a dearth that has given rise to technology as supplement to the practice. According to the Appraisal Institute, more than 10,000 practitioners have left the industry since 2013 – representing a decrease of 13% of the total number of appraisers that have left the industry across the US.

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