CBRE Acquires Florida Valuation

Commercial Real Estate Appraisal Firm Specializes in Eminent Domain
and Litigation Valuation

LOS ANGELES–(BUSINESS WIRE)–CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of Florida
Valuation Group, Inc., a commercial real estate appraisal firm that
specializes in right-of-way appraisal and litigation support related to
eminent domain proceedings across Florida and the Southeast.

The firm’s three principals, Nick Chop, MAI, R/W-AC; Courtland Eyrick,
MAI, AI-GRS; and Justin S. Markley, MAI, CCIM, together with their team
of appraisers have years of extensive commercial and litigation
appraisal experience.

Mr. Chop has more than 25 years of real estate appraisal and consulting
experience and a background in providing valuations, reviews and market
studies for both condemning authorities and other clients. Mr. Eyrick
brings 18 years of experience in preparing appraisals for litigation
support, financial institutions, state agencies, and individuals, with a
specialization in eminent domain valuation. With over 11 years of
experience, Mr. Markley has provided appraisals, real estate consulting,
market analysis and litigation support that spans all commercial real
estate types.

“Adding Florida Valuation’s talented professionals and their
well-established expertise in right-of-way appraisals enhances our
ability to deliver exceptional outcomes for clients facing eminent
domain situations,” said Thomas McDonnell, Americas President, CBRE
Valuations.

“We have worked hard to be a trusted partner for our clients and joining
CBRE enables us to meet more of their ever-evolving needs, in more
markets, than ever before. We are excited to be part of the CBRE team,”
said Nick Chop of Florida Valuation.

Messrs. Chop, Eyrick and Markley each join CBRE as Directors and will
lead CBRE’s Right of Way/Eminent Domain specialty practice in Florida
and the Southeast Region. The operation will remain headquartered in
Jacksonville, Florida.

CBRE provides appraisal, property condition, market studies,
feasibilities, underwriting due-diligence, environmental, zoning and
telecommunication consulting services to a broad base of local, regional
and global clients. It has a professional staff of more than 1,700
appraisers, engineers, architects and environmental scientists in more
than 300 major metro areas globally. CBRE has been named the leading
global real estate valuation services provider by Euromoney for
six years in a row.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world’s largest commercial real
estate services and investment firm (based on 2018 revenue). The company
has more than 90,000 employees (excluding affiliates) and serves real
estate investors and occupiers through more than 480 offices (excluding
affiliates) worldwide. CBRE offers a broad range of integrated services,
including facilities, transaction and project management; property
management; investment management; appraisal and valuation; property
leasing; strategic consulting; property sales; mortgage services and
development services. Please visit our website at www.cbre.com.

Forward-Looking Statements

Certain of the statements in this release regarding the acquisition of
Florida Valuation Group, Inc. (Florida Valuation) that do not concern
purely historical data are forward-looking statements within the meaning
of the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements are made based
on our management’s expectations and beliefs concerning future events
affecting us and are subject to uncertainties and factors relating to
our operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Accordingly, actual
performance, results and events may vary materially from those indicated
in forward-looking statements, and you should not rely on
forward-looking statements as predictions of future performance, results
or events. Numerous factors could cause actual future performance,
results and events to differ materially from those indicated in
forward-looking statements, including, but not limited to, our ability
to successfully integrate Florida Valuation with our existing valuation
and appraisal operations, as well as other risks and uncertainties
discussed in our filings with the U.S. Securities and Exchange
Commission (SEC). Any forward-looking statements speak only as of the
date of this release. We assume no obligation to update forward-looking
statements to reflect actual results, changes in assumptions or changes
in other factors affecting forward-looking information, except to the
extent required by applicable securities laws. If we do update one or
more forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements. For additional information concerning
factors that may cause actual results to differ from those anticipated
in the forward-looking statements and other risks and uncertainties to
our business in general, please refer to our SEC filings, including our
Form 10-K for the fiscal year ended December 31, 2018. Such filings are
available publicly and may be obtained from our website at www.cbre.com
or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

Contacts

Robert McGrath
Corporate Communications
212.984.8267
robert.mcgrath@cbre.com

Brad Burke
Investor Relations
215.921.7436
Brad.burke@cbre.com

error: Content is protected !!