Bowery Valuation Hires Five New Appraisers, Bringing Total Number of In-House Appraisers to Eighteen
Five MAIs now on staff, including two of NYC's most experienced appraisers
NEW YORK, April 30, 2019 /PRNewswire-PRWeb/ -- Bowery Valuation, the first venture-backed commercial appraisal firm, announces the addition of five senior hires to join its growing appraisal team, including two of New York City's most experienced appraisers; industry veterans Helen Peng and Andrew Babienco. The company now has a total of 18 appraisers on staff, including five MAIs (Member Appraisal Institute), the highest designation in the industry.
Founded in 2015 by co-CEOs and veterans of the appraisal industry, Noah Isaacs and John Meadows, Bowery Valuation utilizes proprietary, cloud-based software to deliver higher quality reports with faster turn-around times than anyone in the industry. With these new hires, Bowery has become one of New York's largest appraisal firms in less than two years since its initial seed funding.
"The appraiser makes every decision in our reports and we're proud to boast one of the most impressive and highly trained appraisal teams in the industry. These hires are a huge step forward for Bowery," said John Meadows, co-founder and co-CEO of Bowery Valuation.
Helen Peng, MAI, MRICS, AI-GRS has more than 32 years of experience in commercial real estate valuation, most recently as a Director at BBG. She has an M.S. in Real Estate from NYU and previously spent 23 years at Deutsche Bank. Also joining Bowery Valuation from BBG, Andrew Babienco, MAI, MRICS brings more than 36 years of experience in real estate valuation. Prior to BBG, Andy spent 30 years at Bankers Trust and its successor Deutsche Bank, where he was Head of Valuation for the Americas.
"We leverage technology to vastly improve the commercial appraisal process, enabling our appraisers to spend more time on thoughtful valuation and client service. But all of the value we provide our clients starts with our people and these additions are a huge milestone for us," adds Noah Isaacs, co-founder and co-CEO of Bowery Valuation.
In the past year, Bowery Valuation has valued more than $4 billion in commercial real estate. In 2018, the company tripled both revenue and headcount and raised more than $17 million in venture funding. Bowery Valuation currently operates in New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, and Maryland, with plans for expansion into additional markets in 2019.
Bowery Valuation
Bowery Valuation powers its appraisers with a cloud-based commercial appraisal writing software and mobile application, allowing them to write full appraisal reports much faster than its leading competitors without sacrificing on quality. Its powerful backend database and natural language generator create increased efficiency, quality, and consistency firm-wide. Further, extensive data collection and integration allows Bowery to reframe what the appraisal actually provides to its clients. Bowery's underlying tech and team of appraisal experts yield unprecedented product offerings in one of the most antiquated sectors of the real estate industry. For more information visit http://www.boweryvaluation.com
SOURCE Bowery Valuation
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