U.S. Postal Service Taps Valbridge for Appraisal, Due Diligence Across U.S.
November 17, 2015
The U.S. Postal Service (USPS), which maintains an inventory of 32,150 facilities with more than 290 million square feet of owned and leased space, has awarded Valbridge Property Advisors a national contract to provide appraisal and due diligence services.
Valbridge was awarded a contract to perform commercial property valuations and market rents analysis for the Postal Service in support of its leasing, acquisition and disposition activities, including analyzing lease versus purchase options for buildings in the USPS portfolio.
Valbridge was awarded the USPS contract based on a combination of best overall value, past performance, geographic capability, technical approach and program management. Valbridge will provide USPS with the required services that will offer consistent appraisal reports and analysis products.
David H. Brooks, CRE, MAI, Senior Managing Director of Valbridge’s Washington, D.C., regional office in Columbia, Md., and manager of the USPS account, said, “Valbridge appreciates the Postal Service’s vote of confidence in our national capability and work quality. It is an honor and a privilege to support the Postal Service with independent valuations and market analysis in the best interest of the institution.”
Valbridge appraisals comply with the highest industry standards as outlined in the Uniform Standards of Professional Appraisal Practice (USPAP), the Uniform Appraisal Standards for Federal Land Acquisitions, and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) of 1989.