Integra Realty Resources Expands Footprint

By Alex Ciorogar

Integra Realty Resources Inc. (IRR) has partnered with Tellatin Inc. to help expand its health-care and senior-housing practice. A group of 16 Tellatin employees will form IRR’s six new appraisal offices located in St. Louis, Kansas City, Miss., Portland, Ore., Nashville, Tenn., Boston and Santa Fe, N. Tellatin’s M. James Tellatin, Victor Cremeens, Bradley Schopp and Mark Tracy will manage the new branches.

IRR specializes in appraisals, market studies and consulting on various health-care and senior-housing assets, including hospitals, skilled nursing facilities, assisted living facilities, independent living facilities and continuing care retirement communities. In the past two years, the company has completed more than 1,800 health-care and senior-housing assignments on behalf of developers, owner-operators, construction lenders, HUD lenders, Fannie Mae lenders, conduit lenders and REITs, totaling more than $200 billion in asset value.

Similarly, Tellatin Inc. also focuses on appraisals, feasibility studies, market analyses, management overviews, reimbursement analyses, litigation support and due-diligence consulting for health-care and senior-housing properties, having finalized assignments on more than 6,000 nursing facilities, 3,300 assisted and independent living facilities and approximately 200 hospitals worth more than $75 billion.

“Integra worked hard to identify the right partner to help us expand our successful health-care and senior-housing practice to service increased demand in the sector, fueled by changing demographics and national health-care policy and practice,” said Anthony Graziano, chairman of IRR, in a prepared statement. “Partnering with Tellatin brings together the foremost industry experts, adding to our existing core expertise in this sector. Combining our resources, including IRR’s expansive national platform of local, on-the-ground experts and proprietary data and technology, allows us to offer best-in-class products and client service and solidify our market leadership in this complex sector.”