BBG, a national due diligence commercial real estate services firm, has expanded its presence in the Sun Belt region with the acquisition of Florida and Texas appraisal firms. Terms of the acquisitions were not disclosed.
The firm acquired Orlando-based DeRango, Best & Associates and Austin-based David E. Jones & Associates. With these acquisitions, BBG has acquired four appraisal firms since the beginning of this year.
Daniel R. DeRango, MAI, and Richard A. Best, MAI, who jointly managed their firm, have been named managing directors at BBG’s Orlando office. BBG also named David E. Jones, MSA, EAC, as senior managing director at BBG’s Austin office. Jones served as CEO at his Austin firm prior to joining BBG.
BBG also appointed Abigail Jones and Zoe Zhang as managing directors at BBG’s Austin office. They both served as managing partners at David E. Jones & Associates.
The acquired firms’ other employees also joined BBG’s Orlando and Austin offices.
Founded in 1998, DeRango, Best and Associates was a full-service real estate appraisal and consulting firm that offered a broad range of appraisals, ranging from vacant sites and strip takings for eminent domain actions to large multi-use facilities, mixed-use projects, office buildings and shopping malls.
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.
“Our acquisition of these two exceptional firms will play a critical role in our growth strategy in the Sun Belt region, one of the country’s top fastest-growing areas in terms of expanding population and robust economic activity,” said BBG CEO Chris Roach, MAI, CCIM. “Both firms have outstanding reputations as highly skilled appraisal and consulting firms and possess detailed knowledge of the real estate issues and trends impacting their clients and communities which they serve.”
