Datappraise Gets Capital Boost from Valbridge Property Advisors, One of the Top Three Commercial Real Estate Valuation and Advisory Services Firms in the U.S.

SEATTLE, Oct. 2, 2014 /PRNewswire/ -- Datappraise, a three-year-old company that already is a dominant provider of advanced database and report production software for commercial real estate appraisers, announced today that it has received a significant capital boost from a subsidiary of Valbridge Property Advisors, Inc.  Valbridge is a Datappraise customer and one of the top three commercial real estate appraisal and advisory services firms in the U.S. with 66 offices, 176 MAIs, and over 650 total staff.

Financial terms of the investment were not disclosed.

Jeffrey Roper, formerly Director of Operations for Datappraise, is now Chief Operating Officer and General Manager of the company.  In a service announcement sent to Datappraise clients today, Roper welcomed the capital investment from Valbridge, which he said would enable Datappraise to enhance its software suite for commercial appraisers to be "even better, with enhanced usability, functionality and reliability for current users as well as appraisers who have yet to discover the benefits of our platform to improve their productivity and produce higher quality appraisal reports."

Roper called the Valbridge investment "a considerable vote of confidence in Datappraise, our products, and our potential."

Datappraise (www.datappraise.com) licenses its online software for use by individuals and companies.  Valbridge (www.valbridge.com) is Datappraise's largest corporate subscriber.  Valbridge professionals use the platform to manage their property comparables data and help produce appraisal reports.

Valbridge Property Advisors CEO and President Richard L. Armalavage, MAI, expressed similar interest in evolving the Datappraise product suite to be even better.  "Valbridge utilizes proprietary data and systems to produce appraisal reports," he said, "but mission critical to our effort is the Datappraise platform, which we use to help manage our data and empower report-writing.  Many other appraisers have come to rely on Datappraise much as we do.

"Powerful as it is, there is the potential for the Datappraise platform to be even more robust, responsive and reliable.  We've invested in the company so it can continue to innovate and help lead the commercial appraisal industry for the benefit of all market participants."

Roper added: "We appreciate all of our subscribers at Datappraise, and value their opinions and feedback.  With Valbridge, we're pleased to acknowledge not just the investment capital but the brain trust that comes along with it.  Valbridge has accomplished something significant in successfully launching their firm and helping advance the commercial appraisal profession.  My hat's off to them, and I appreciate their interest in taking Datappraise to the next level.  When you're in the software business, you're never done!"

More Information About Datappraise

Datappraise is a leading provider of advanced comparables database and report production software for commercial real estate appraisers, who use the company's product suite to improve their productivity by more effectively managing their own property data and streamlining report production.

Datappraise Web is a personalized comps database that runs in an Internet browser.  Datappraise Office is a Word and Excel Office Add-In that provides subscribers with the Datappraise ribbon menu hosting a rich set of features to aid in the generation of appraisal reports.  Included with Datappraise Office are customizable Word and Excel templates to help produce appraisal reports.

Datappraise licenses its software for use by individuals and companies.  The comparables database component of Datappraise software is the best in its class, and is based on the Appraisal Institute Commercial Database Data Standards.  For more information visit www.datappraise.com.

More Information About Valbridge

Valbridge Property Advisors is one of the three largest commercial property valuation and advisory services firms in the U.S., with 66 offices, 176 MAIs and more than 650 staff.  Valbridge provides independent appraisal services consistent with the highest industry standards of practice.

Based in Naples, Fla., Valbridge specializes in all types of property and land including office, industrial, retail, multifamily, lodging/hospitality and other special-purpose properties.  Specialty services include portfolio valuation; REO/foreclosure evaluation; real estate market and feasibility analysis; property and lease comparables, including lease review; property tax assessment and appeal-support services; valuations and analysis of property under eminent domain proceedings; 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.

Each Valbridge office is independently owned and operated.  Valbridge is expanding in North America.  Real estate valuation services firms interested in participation opportunities should contact the company at 888-981-2029.  For more information visit www.valbridge.com.

Media contacts for more information:Cary Brazeman and Victoria Ozols, 310-205-3590
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SOURCE Datappraise