Capstone Valuation Advisors Achieves Double-Digit Profits and Robust Growth During First Year of Business

Online, June 24, 2013 (Newswire.com) - Capstone Valuation Advisors, one of the largest privately-owned commercial appraisal firms in Florida and the Southeast, today reported double digit profits for their first year in business, validating the company's guiding business principals and their approach to market penetration. In addition, the firm was able to successfully achieve robust and strategic growth throughout the state of Florida.

In late spring of 2012, Scott Tew, Ryan Zink and James Toro II, made the decision to form their own appraisal firm. With a collective 60-plus years of experience, the founding partners of Capstone Valuation Advisors set out to create a locally owned company using the knowledge gained from long and storied careers with some of the largest names in the real estate industry.

"We saw first-hand what things did-and did not-work during our corporate careers, so when we launched Capstone Valuation Advisors we consciously applied specific business fundamentals such as professionalism and real market knowledge alongside a dynamic technology program that increases efficiency and reduces errors," Scott Tew, Executive Managing Director and Partner said.

In the first year alone, Capstone Valuation Advisors completed nearly 1,200 appraisal assignments on properties valued from $100,000 to $100 million, exceeding industry averages for similar firms and demonstrating the ability to successfully manage assets and serve clients on both ends of the value spectrum. For 2013, the firm is on track to surpass the first year with 1,500 assignments projected.

"The typical privately owned firm completes less than 300 commercial assignments per year; however, we made a conscious decision when we opened our doors to employ an experienced team and invest in the latest technology, which has allowed us to successfully meet, and exceed, industry averages," Tew said.

Capstone initially opened offices in Maitland, Tampa and Jacksonville with 22 employees in the spring of 2012. After only one year, they have successfully penetrated additional key markets and opened offices in Ft. Lauderdale, Ft. Myers and Panama City. Thirty-four employees, including 25 full-time appraisers, now serve clients seamlessly across the state of Florida. In addition, Capstone is strategically moving forward with plans to expand into new markets and they have secured licenses to practice in Georgia, Alabama, Louisiana, South Carolina, North Carolina, Virginia, Texas, Colorado and Mississippi.

"When you really understand the industry, build a team of experienced, trusted professionals, and deliver a product of quality and value, the growth opportunities are substantial," Tew explained.

Seven of Capstone's appraisers have achieved the industry's highest professional designation, MAI, by demonstrating excellence in a series of criteria including education, examinations, field experience and demonstrated ability as outlined by The Appraisal Institute. Additionally, six of the firm's appraisers play a prominent role in the leadership of the industry by serving on the Appraisal Institute's Regional Board of Directors.

Capstone Valuation Advisors is one of the largest privately owned commercial appraisal firms in Florida and the Southeast, and combines national resources with exceptional quality and local expertise. Headquartered in Maitland, Florida, it has offices in Jacksonville, Tampa, Ft. Lauderdale, Ft Myers, and Panama City. Capstone Valuation Advisors offers a complete range of appraisal services within commercial, residential and litigation lines of business with a number of specialties including automotive dealerships, healthcare facilities, senior housing, convenience stores/gas stations, hotels, subdivisions, multi-housing, and golf courses. A recognized leader in the Florida market, the firm enables its clients to make sound financial decisions by providing methodically researched information in conjunction with meaningful analysis. For more information, please visit www.cap-val.com.

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