SOURCE: Integra Realty Resources

Integra Realty Resources

April 20, 2015 08:32 ET

Integra Realty Resources Announces 216th MAI-Designated Appraiser

John R. Praytor Receives MAI Designation From the Appraisal Institute

JACKSON, MS--(Marketwired - Apr 20, 2015) - Integra Realty Resources (IRR), North America's largest independent commercial real estate valuation firm, announced that John R. Praytor, newly named Senior Managing Director of IRR's Jackson office, has earned the Appraisal Institute's MAI designation in recognition of his remarkable work ethic, professionalism, and experience in valuing commercial, industrial, residential, and other property types. John's designation marks 216 MAI-designated professionals at IRR, with one in every four IRR professionals having earned this gold standard qualification. 

"The IRR-Jackson office has quickly grown to become the largest commercial real estate appraisal and valuation services firm in Mississippi since being founded in 2013," said J. Walter Allen, MAI, FRICS, Senior Managing Director of IRR's Memphis office. "A MAI designation is the most prestigious professional designation for the real estate appraisal industry and secures our position as the biggest and top-ranked firm in the region."

John R. Albrecht, CEO of Integra Realty Resources, Inc., commented, "Besides being a truly talented and driven professional, John Praytor has capitalized on IRR's industry-leading proprietary technology and research capabilities, which allow us to deliver the benefits of our expertise, independence, and scale in every assignment. The success of the IRR-Jackson office is a fine testament to our commitment to quality and the brand promise of IRR offices nationwide."

John R. Praytor joined IRR's Jackson office as a junior partner in November 2013 and handled day-to-day operations in his role as Director. Praytor was fundamental in expanding the office's service area in Ridgeland to include the Mississippi Gulf Coast markets, citing the requests of financial institution clients to provide appraisal services from a nationally recognized firm. Since joining IRR, he has increased Jackson's office size by 200 percent, and grew the business 40 percent in 2014.

As Senior Managing Director, Praytor succeeds other founding members, J. Walter Allen, MAI, FRICS and Michelle Alexander, MAI, MRICS, who will continue with the company on a consulting basis.

About Integra Realty Resources

With corporate headquarters in New York City, Integra Realty Resources (IRR) is the largest independent commercial real estate market research, valuation, and counseling firm in North America, with 65 offices and approximately 865 employees located throughout the United States and the Caribbean. Founded in 1999, the firm specializes in real estate appraisals, feasibility and market studies, expert testimony, and related property consulting services. Many of the nation's largest and most prestigious financial institutions, developers, corporations, law firms, and government agencies are among its clients. For more information, visit www.irr.com or blog.irr.com.

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