March 24, 2014 -
New York City
Integra Realty Resources (IRR), the largest independent commercial real estate valuation and consulting firm in North America, has surpassed 200 Members of the Appraisal Institute (MAI) designations among its appraisers, the largest number of any appraisal firm in the country. The MAI designation recognizes experience in valuing commercial, industrial, multifamily, and other complex asset classes, as well as expertise in advising clients on real estate investment decisions. Appraisers holding the MAI designation have met rigorous requirements relating to education, testing, experience, and demonstration of knowledge, understanding, and ability.
"This industry milestone is especially timely as IRR heads into its 15th anniversary year," said John Albrecht, CEO of Integra Realty Resources. "We encourage our employees to further their education and professional experience, and support them as they become more well-rounded appraisers that best represent IRR. Many of our appraisers even go on to build upon their MAI designations and earn their Counselor of Real Estate (CRE), Royal Institution of Chartered Surveyors (RICS), and Fellow of the Royal Institution of Chartered Surveyors (FRICS) designations."
An MAI-designated senior managing director runs each of the 66 IRR offices across the country. The directors on average have 25 years of commercial real estate experience in their local markets. This experience, coupled with IRR's commitment to understanding how national trends affect local designated market areas, empowers clients with the knowledge, access, and historical perspective needed to make informed business decisions.
Many of the nation's top financial institutions, developers, corporations, law firms, and government agencies already rely on IRR's professional real estate opinions to best understand the value, use, and feasibility of real estate in their market. This MAI milestone further expands IRR's knowledge base to better meet demand for unbiased industry insights.