U.S. Postal Service Awards Contract to Valbridge Property Advisors for Appraisal, Due Diligence Services Across U.S.
COLUMBIA, Md. (November 19, 2015) — The U.S. Postal Service (USPS), which maintains an inventory of 32,150 facilities with more than 290 million square feet of owned and leased space, has awarded Valbridge Property Advisors a national contract to provide appraisal and due diligence services.
Valbridge was awarded a contract to perform commercial property valuations and market rents analysis for the Postal Service in support of its leasing, acquisition and disposition activities, including analyzing lease versus purchase options for buildings in the USPS portfolio.
Valbridge Property Advisors was awarded the USPS contract based on a combination of best overall value, past performance, geographic capability, technical approach and program management. Valbridge will provide USPS with the required services that will offer consistent appraisal reports and analysis products.
David H. Brooks, CRE, MAI, Senior Managing Director of Valbridge’s Washington, D.C., regional office in Columbia, Md., and manager of the USPS account, said, “Valbridge appreciates the Postal Service’s vote of confidence in our national capability and work quality. It is an honor and a privilege to support the Postal Service with independent valuations and market analysis in the best interest of the institution.”
Valbridge appraisals comply with the highest industry standards as outlined in the Uniform Standards of Professional Appraisal Practice (USPAP), the Uniform Appraisal Standards for Federal Land Acquisitions, and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) of 1989.
More Information about the U.S. Postal Service
The U.S. Postal Service Headquarters is based in Washington, D.C. USPS maintains an inventory of 32,150 facilities across the country, including all manner of office, retail and distribution facilities that collectively occupy more than 290 million square feet of space. For more information visit www.usps.com.
More Information about Valbridge Property Advisors
Valbridge Property Advisors is one of the largest commercial property valuation and advisory services firms in the U.S., with 67 offices, 188 MAIs and more than 650 staff. Valbridge provides independent appraisal services consistent with the highest industry standards of practice. Valbridge specializes in all types of property and land including office, industrial, retail, multifamily, lodging/hospitality and other special-purpose properties. Services include portfolio valuation; real estate market and feasibility analysis; lease review; property tax assessment and appeal support; valuations and analysis of property for right-of-way, eminent domain and easements; valuation of property for insurance, estate planning and trusteeship, including fractional interest valuation for gifting and IRS purposes; and litigation support, including expert witness testimony. For more information visit www.valbridge.com.