Appraisal Archives - VRJ Properties

CMBS Appraisal Reduction Amounts Trend Higher

After a 60% drop in effectuated appraisal reduction amounts (ARAs) on CMBS loans in 2022, ARAs climbed in 2023 and 2024 as delinquencies increased 84%, Kroll Bond Rating Agency reported. ARAs totaling $1 billion (98 loans) were effectuated during full-year 2023, while the year-to-date…

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IRR Expands Michigan Presence, Acquires Genzink Appraisal

Integra Realty Resources (IRR) is expanding its Michigan footprint, acquiring Grand Rapids, MI-based Genzink Appraisal Company. The valuation and consulting firm’s second office in Michigan and 54th overall, IRR—Grand Rapids will be under the management of IRR’s newest shareholder Jeffrey…

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