BBG 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 the firm’s existing Columbus office 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.
Columbus is one of the country’s major business hubs, attracting major commercial real estate developments including Intel Corp.’s planned multi-billion-dollar computer chip-making plant.
BBG appointed VSI Appraisal Group President and nationally known affordable housing expert David Ross, Jr. 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.
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.
Throughout his career, Ross has spoken at various national conferences including the National Council of Affordable Housing Market Analysts, Texas Association of Affordable Housing Providers, National Housing and Rehabilitation Association, and other industry associations. His professional affiliations include the Appraisal Institute, the American Society of Appraisers, Royal Institute of Chartered Surveyors, and the National Council of Housing Market Analysts.
