CBRE has acquired Valuation & Information Group (VIG), a provider of appraisal and market feasibility services for senior housing and healthcare real estate throughout the United States.
VIG provides valuation services for a wide variety of property types in the senior housing and healthcare sectors, including independent living, assisted living, skilled nursing, medical office buildings, surgery centers, specialty hospitals and general acute-care hospitals. In addition, the firm provides valuation services for HUD and conventional multifamily financing.
“VIG is the premier healthcare valuation firm and its professionals have a deep understanding of the industry; their expertise will be a valuable service for our clients in the rapidly evolving sector,” said Tom Edwards, Global President of Valuation and Advisory Services (VAS) for CBRE. “We believe this acquisition combined with our existing national platform will make us the clear leader in senior housing and healthcare appraisal.”
VIG is headquartered in Culver City, California, with additional offices in suburban Philadelphia, Austin and Chicago. The firm’s 23 employees will fully integrate with CBRE’s Seniors Housing & Healthcare team within VAS, led by Daniel Lincoln. Marc Lussier and JP LoMonaco will continue to run the incoming team’s operations for CBRE as Executive Vice Presidents, with Dan Schneider leading the execution of assignments in the eastern U.S. as Vice President.
“We’re thrilled to join forces with CBRE, the global leader in real estate services. Their extensive resources and platform will enhance and expand the services we provide to our clients. We’re excited about the opportunities that lie ahead as part of the CBRE team,” said Lussier.
The acquisition of VIG reflects CBRE’s ongoing plan to enhance its leadership position in specialty areas of valuation and advisory services. In the last year, CBRE has acquired Cold River Land, a leading provider of property tax payment services; the Los Angeles and Orange County affiliates of IRR, a specialist Right-of-Way appraisal firm; and Millman National Land Services, a leading provider of commercial land surveying services.
