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Press Release

Lubawy & Associates, Inc., 41 Other Appraisal Firms Combine to Launch Valbridge Property Advisors

For more information contact:
Matthew Lubawy, 702-242-9369
[email protected]

FOR IMMEDIATE RELEASE – March 18, 2013


Lubawy & Associates, Inc., 41 Other Appraisal Firms Combine to Launch Valbridge Property Advisors

• Valbridge Immediately Ranks Among Top 3 Commercial Real Estate Valuation and Advisory Services Firms in U.S.
• Principals of Lubawy & Associates, Inc. are Shareholders in Valbridge

Las Vegas, NV (March 18, 2013) — Lubawy & Associates, Inc. with an office in Las Vegas, announced today that it has combined with 41 other appraisal firms to form Valbridge Property Advisors, which provides independent valuation and advisory services to local, regional, multi-market and national clients.

Lubawy & Associates, founded in 1994 by Matthew Lubawy, MAI, is a longtime appraisal services leader in Nevada. For a transition period, the firm will be known as Valbridge Property Advisors / Lubawy & Associates.

Based on publicly available information and company estimates, Valbridge immediately ranks among the Top 3 national commercial real estate valuation and advisory services firms, with 145 MAIs, 59 office locations and 600 staff across the U.S.

Valbridge Property Advisors / Lubawy & Associates is led by Matthew Lubawy, MAI, who is now a senior managing director of Valbridge. The company currently employs 14 staff members, including three other MAIs and one SRA.

Valbridge Property Advisors provides appraisal services based on objective criteria, in-depth knowledge of local property markets and using widely accepted valuation techniques consistent with the highest industry standards of practice. Valbridge provides independent valuation and advisory services to a broad range of clients.

Valbridge is a shareholder-owned national company, with each office run by the local practice leaders, including an appraiser who holds the MAI designation with the Appraisal Institute. The MAI designation signifies deep experience in the valuation and evaluation of commercial, industrial, residential and other types of properties.

Commenting on today’s launch of Valbridge, Matthew Lubawy reiterated a statement made by the President and CEO, Rick Armalavage: “Client demand for a strong independent national commercial property appraisal services firm has driven us to combine with dozens of the best and brightest appraisers across the country to launch Valbridge. But we’re no less committed to being the #1 firm in our market known for high standards, integrity and reporting. In fact, as Valbridge, we will over time, provide expanded services and an even higher level of service to our local clients, while also serving regional and national clients based outside the area.”

Matt Lubawy moved to Las Vegas with his family in 1968 and has resided in Las Vegas ever since. He graduated from UNLV with a Bachelor’s of Science degree in Business Administration, and entered the appraisal profession in 1987 while attending UNLV. He started Lubawy & Associates with his wife Angie Lubawy in 1994. He served as President of the Las Vegas Chapter of the Appraisal Institute in 1998/99 and as a director between 2008 and 2011. He is currently Chairman of the Board of Nevada State Development Corporation and Vice-Chairman of the Board for Valbridge Property Advisors. He is also a member in various other organizations such as the National Association of Realtors and GLVAR.

Valbridge Specializes in All Types of Property and Land

Valbridge serves local, regional, multi-market and national clients. The firm has appraisers specializing in all types of property and land, including:
• Office
• Industrial
• Retail
• Apartments / multifamily / senior living / residential
• Lodging / hospitality / recreational
• Other special-purpose properties

Valbridge Property Advisors / Lubawy & Associates provides appraisal and consulting services to lenders, public and private sector groups, private landowners, attorneys, and accountants. The firm also has extensive experience in the following areas of practice:
• Litigation and Expert Witness Testimony
• Consultations
• Market Studies and Feasibility Studies
• Eminent Domain/Condemnation (landowners and govt. agencies)

About Valbridge Property Advisors

Valbridge Property Advisors, based in Naples, Fla., is one of the largest commercial property valuation and advisory services firms in the U.S., with 145 MAIs, 59 office locations and 600 staff. Valbridge provides independent appraisal services based on objective criteria, in-depth knowledge of local property markets and using widely accepted valuation techniques consistent with the highest industry standards of practice. Valbridge is a privately held company that is owned by its local practice leaders, not by a brokerage firm, investment firm or outside investors. Each Valbridge office is led by an appraiser who holds the MAI designation with the Appraisal Institute. The MAI designation signifies deep experience in the valuation and evaluation of commercial, industrial, residential and other types of properties. Additional information about Valbridge Property Advisors is available online at www.valbridge.com.