Newswire Management

BBG Acquires VSI Appraisal Group

David Ross Jr. (Photo via PRNewswire)

BBG, the nation’s largest independent commercial real estate services firm, has acquired VSI Appraisal Group, a Columbus, Ohio-based appraisal firm. Terms of the acquisition were not disclosed.

With the VSI Appraisal Group acquisition, BBG will open a new office in Columbus complementing its existing office in the city by adding a specialty in affordable housing. The acquisition marks BBG’s fifth acquisition this year. The firm has grown significantly to meet client demand, adding 15 offices in the last three years.

In addition, BBG appointed VSI Appraisal Group President David Ross, Jr., MAI, ASA, FRICS, as managing director of the office. Seven other VSI Appraisal Group professionals also joined the office. With more than two decades in real estate consulting, development and valuation, Ross is an industry leader who possesses a broad range of experience in all types of real estate properties and local knowledge of many markets across the country, the company said.

His experience in commercial appraisals and market analysis includes affordable housing, land, office, retail, industrial and mixed-use properties. His clients include major U.S. lenders in the HUD, USDA and GSE product mix, LIHTC syndicators, developers, and federal government entities, such as local and state agencies. He is also a certified general real estate appraiser in multiple states.