2B — February 2023 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
EW JERSEY — Valcre , the premier valuation software New Jersey-based appraisers increasingly turn to the leading valuation platform Otteau Group, Pyramid Real Estate Group join Valcre’s growing list of appraisal client partners N to the diverse property types Valcre supports.”
economic conditions for com- mercial real estate, appraisal and valuation professionals are adapting to the changing environment by diversifying their services to generate rev- enue,” said Lucas Rotter , Valcre co-founder and CEO. “With demand for transaction- related services on the decline, we expect to see a substantial increase in demand for property tax appeal and loan monitor- ing services in the foreseeable future. We are really excited to be working with leading re- gional firms like Otteau Group, Inc. and Pyramid Real Estate
Advisors who are dedicated to improving efficiencies and delivering higher quality ap- praisals in less time. The surg- ing demand we’re experiencing from valuation professionals in the New Jersey market is a true testament to the product and satisfaction of our users.” In addition to Otteau Group, Inc. and Pyramid Real Estate Advisors, the foundation of New Jersey-based appraisal firms that utilize Valcre’s so- lution include Meehan Valu- ation, Wade Appraisal, and Ard Appraisal . More than 60 valuation professionals
are now leveraging Valcre statewide. “Valcre has dynamically changed the way we do busi- ness,” said Chris Otteau , managing partner & chief ap- praiser at Otteau Group, Inc. “Its software has allowed us to better harness and utilize our own data, and saves us valuable time through the automation and collection of property research for our re- porting. Valcre has made us even more efficient in the ser- vices we offer clients and we feel well-equipped to weather any economic situation due
Valcre’s growing list of cli- ents comes at a time of rapid team growth and product innovation. In 2022 Valcre announced $12.7 million in Series A funding to deepen its commitment to helping ap- praisers simplify and stream- line their workflow. The com- pany’s software is used to deliver more than 50,000 com- mercial real estate appraisals on an annual basis. Valcre’s suite of services provide faster turnaround times, increased access to property research and comps, and professional reporting capabilities that enable valu- ation professionals to com- plete the greatest variety of appraisals with an efficient tech-enabled platform. “The decision to incorporate Valcre’s platform into our op- eration was an easy one,” said Dallas Whitaker , managing director at Pyramid Real Es- tate Advisors. “The platform will help us streamline our processes and make our busi- ness more efficient. This al- lows us to be prepared for any shifts in the real estate mar- ket this year due to economic headwinds. The Valcre team has done a great job of helping us through the setup, training and adoption processes.” About Valcre Valcre is a valuation soft- ware for the commercial real estate industry. It is trusted by more than 300+ leading orga- nizations as the gold standard for appraisers. MAREJ
for the com- mercial real estate indus- try, today announced its continued expansion across the state of New Jersey with
Lucas Rotter
new client partners Otteau Group, Inc. and Pyramid Real Estate Advisors sign- ing onto the platform. “As we head into recessionary
FOR SALE
25 WEST
WALNUT APARTMENTS
FOREST CREEK APARTMENTS
PHILADELPHIA, PA 67 RESIDENTIAL UNITS 18,000 SF COMMERCIAL $26,500,000
PHILADELPHIA, PA 93 RESIDENTIAL UNITS 2,100 SF COMMERCIAL $23,000,000
YEADON, PA 82 RESIDENTIAL UNITS $11,800,000
NJPA
a section of the MARE Journal Phone: 781-740-2900 www.marej.com
NORTH 2ND
THE PACKARD BUILDING
WATERFRONT DEVELOPMENT SITE
EASTON, PA 12 RESIDENTIAL UNITS 11,706 SF COMMERCIAL $3,200,000
EASTON, PA 18 RESIDENTIAL UNITS 908 SF COMMERCIAL $3,200,000
PHILADELPHIA, PA 830 APPROVED UNITS $35,000,000
S ection P ublishers Linda Christman lchristman@marejournal.com
Investment Sales Team
Ken Wellar, Managing Partner Corey Lonberger, Managing Partner Mark Duszak, Director Luke DeLuca, Vice President Bob DiPasquale, Vice President Alan Krawitz, Senior Associate Isela Lares, Senior Associate
Kyle McShane, Associate Austin McDevitt, Associate Daniel Yadgaroff, Associate Brian Gola, Associate Jeffrey Goldstein - NY BOR 9110168, NJ BOR 9110168, CT BOR REB0267956 Domenick Peronti - DE BOR RB0020193
Lea Christman lea@marejournal.com
Home Office 107 S. 2nd Street, 4th Floor Philadelphia, PA 19106 ph. 215.454.2852 mid-atlantic@grea.com
S ection E ditor Karen Vachon editor@marejournal.com
www.grea.com
Made with FlippingBook - Online catalogs