Valbridge
News 2013

Meet Rick Armalavage,
Valbridge CEO and President

Some people find their professional calling early in life. Richard (“Rick”) Armalavage was one of those people.

Guided by real estate and business professors at Indiana University who recognized his interests and analytical skills, Rick decided straight out of college to become an appraiser. In just a few years, he was so proficient he was designated an MAI by the Appraisal Institute, started his own business in Southwest Florida and never looked back.

Today, the chief executive officer, president and senior managing director of the new Valbridge Property Advisors cheerfully relates the story of one of his first appraisal assignments, which he’ll always remember.

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Valbridge Opens New Office in Western Colorado


Valbridge Property Advisors has opened a new office in Carbondale, Colorado to serve the mountains and Western Colorado, including the Aspen, Vail, Grand Junction and Durango markets.

The office is headed by Senior Managing Directors Gabriel Molnar and Aaron Ward. Gabe has more than 13 years’ experience in real estate analysis, with the past eight years exclusively in commercial property valuation.

The new Mountain West office of Valbridge covers a large geographical area in Western Colorado. Notable valuation and consulting assignments include boutique mountaintop hotels, office parks, 25 Sonic restaurants, bulk land for various proposed uses, malls and high-profile mixed-use residential, retail and office developments in high-value resort markets.

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Jeff Vance is Valbridge's Newest MAI

Jeff Vance of Valbridge Property Advisors l Mountain States Appraisal & Consulting is Valbridge’s latest professional to earn the prestigious MAI designation from the Appraisal Institute, signifying his high level of experience in the evaluation of commercial and other types of properties. He is a graduate of the University of Idaho.

Based in Boise, Jeff is an avid skier and mountain biker who loves backpacking in the vast Idaho wilderness. He’s been an appraiser since 2007, working on a broad range of assignments including office, medical, retail, industrial, religious facilities, subdivisions and vacant land.

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Valbridge's Greenville Office Forms Cycling Team to Ride for Charity

The Greenville, S.C. office of Valbridge Property Advisors | Robinson Company has formed a local cycling team. Partnered with KDS Commercial Properties, a brokerage firm, the team rides to benefit Meals on Wheels Greenville, which delivers 400,000+ meals each year to needy upstate residents.

Recently, the team rode in George Hincapie’s second annual Gran Fondo Hincapie. A recently retired professional cyclist, Hincapie lives in Greenville and is a local celebrity having ridden in a record 17 Tour de France races. The Gran Fondo Hincapie attracted more than 1,500 professional and amateur riders from all around the world, with Wheels for Meals Greenville as the main beneficiary.

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Geri Armalavage Becomes First, Only Woman to Earn MAI, CBA

Geri Armalavage, chair of the board of directors of Valbridge Property Advisors and senior managing director of Valbridge Property Advisors l Armalavage Valuation, has obtained the CBA (Certified Business Appraiser) designation from the Institute of Business Appraisers.

She previously earned the MAI designation from the Appraisal Institute, making her only one of seven people and the first and only woman in the U.S. to hold both designations, according to data on both organizations’ websites.

With more than 26 years’ experience, Geri is an expert in all facets of real estate and business valuation, expert witness court testimony, appraisal review and consulting. She also holds a CMEA designation through the NEBB Institute that qualifies her to appraise machinery and equipment.

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42 Appraisal Firms Across U.S. Combine to Launch Valbridge Property Advisors


Forty-two appraisal firms across the U.S. announced today that they are now operating as Valbridge Property Advisors, having combined to provide independent valuation and advisory services to local, regional, multi-market and national clients. The 42 firms are independent valuation leaders in their local markets, some having been in business for decades or more.

Based on publicly available information and company estimates, Valbridge immediately ranks among the Top 3 national commercial real estate valuation and advisory services firms, with 145 MAIs, 57 office locations and 600 staff across the U.S.

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Valbridge's Merrill Swanson Elected Officer of Appraisers Society

Merrill Swanson, ARA, senior managing director of Valbridge Property Advisors | Dugger, Canaday, Grafe (San Antonio), has been elected First Vice President of the American Society of Farm Managers and Rural Appraisers. Members complete more than 175,000 appraisals a year on 30 million acres of land and agribusinesses.

An active appraiser since 1989, Swanson’s experience includes grain handling and drying facilities, fertilizer plants, cotton gins, large wholesale plant nurseries, cattle feedlots, and horse breeding and training operations.

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