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Real Estate Valuation Firm Integra Realty Resources Sells 5 Appraisal Offices to BBG

Integra Realty Resources (IRR), a real estate valuation and consulting firm that specializes in self-storage and other property types, has sold five of its appraisal offices in the Southeast to BBG, a commercial real estate firm providing third-party due-diligence services. The assets are in Fayetteville and Little Rock, Arkansas; Jackson, Mississippi; Memphis, Tennessee; and New Orleans. They’ll add more than 40 employees to BBG’s workforce and expand its presence to 46 offices nationwide, according to a press release.

As part of the move, six executives were appointed to leadership roles in the Arkansas, Mississippi and Tennessee locations:

  • Jan Bergk was appointed director of the Memphis office. He has expertise in multi-tenant retail, office and self-storage valuations.
  • Grant Hogue was named director for Fayetteville and Little Rock. His expertise includes industrial, mixed-use, net-lease, office, retail, and self-storage properties as well as right-of-way and eminent-domain issues.
  • Four appointments were made to the Jackson office, including John R. Praytor as executive director. Kenny Owen Jr. and James O. Turner II were named managing directors, and Caleb Koonce was appointed director. Their specialty practices include banking, eminent domain and finance.

“We are thrilled to have these highly experienced professionals and their teams join BBG,” said Grant Griffin, senior managing director, who oversees the Southeast region for BBG. “Their entrepreneurial drive is second to none and will greatly complement our ability to deliver outstanding client outcomes across all service lines.”

Headquartered in Dallas, BBG offers comprehensive due-diligence services that cover property assessment, cost segregation, energy, valuation and zoning. It specializes in the industrial, multi-family, office and retail sectors.

Founded in 199, IRR provides appraisal and consulting services across all commercial real estate property types including hospitality, industrial, multi-family, office, retail, self-storage and special use. It specializes in real estate appraisals, consulting, feasibility and market studies, as well as providing expert testimony.

Source:
Yahoo Finance, BBG Expands National Presence With Acquisition Of Integra Realty Resources Offices in Mississippi, Tennessee, Arkansas and Louisiana

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