Appraisal Firms Integra Realty Resources and Tellatin to Partner

DENVER, Colo. — Integra Realty Resources (IRR), a Denver-based commercial real estate valuation and consulting firm will expand its healthcare and seniors housing practice by partnering with Missouri-based appraisal, market study and advisory firm Tellatin Inc.

All 16 employees from Tellatin will form IRR’s six new dedicated Healthcare & seniors housing appraisal offices located in St. Louis, Kansas City, Boston, Portland, Nashville and Santa Fe. The new IRR offices will operate under the management of IRR’s newest shareholders: James Tellatin, Victor Cremeens, Bradley Schopp and Mark Tracy.

The addition of Tellatin expands IRR’s Healthcare & Senior Housing practice, which offers national coverage through its regional valuation specialists and is supported by more than 50 local IRR offices nationwide. The practice conducts appraisals, market studies and consulting assignments on a wide variety of healthcare and seniors housing properties, including hospitals, skilled nursing facilities, assisted living facilities, independent living facilities and continuing care retirement communities (CCRCs).

“Integra worked hard to identify the right partner to help us expand our successful Healthcare & Senior Housing practice to service increased demand in the sector, fueled by changing demographics and national healthcare policy and practice,” says Anthony Graziano, chairman of IRR. “Partnering with Tellatin brings together the foremost industry experts, adding to our existing core expertise in this sector.”

Since 1984, Tellatin Inc. has specialized in appraisals, feasibility studies, market analyses, management overviews, Medicare and Medicaid reimbursement analyses, litigation support, and due-diligence consulting for healthcare and seniors housing properties. Founder Jim Tellatin brings more than 40 years of appraisal and consulting experience, having devoted most of his career to healthcare and senior housing valuation services.

In addition to his appraisal and litigation work, Tellatin has co-developed and co-owned more than $100 million in skilled nursing and seniors housing assets. He wrote The Appraisal of Nursing Facilities, a textbook published by the Appraisal Institute. He also assisted HUD in the development of the LEAN healthcare appraisal and market study guidelines, and is chair of a state certificate of need program.

“Partnering with Integra Realty Resources offers us instant scale, geographically as well as operationally,” says Tellatin.

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