Business Details
35 Years
experience
Expert Commercial Real Estate Appraisals in Minneapolis
Founded in 1991, Diversified Real Estate, Inc. has established itself as a trusted leader in commercial real estate appraisals and consultation. Our firm, headquartered in downtown Minneapolis, serves clients across the Twin Cities metropolitan area, the Upper Midwest, and nationwide. With licenses in multiple states, we specialize in delivering accurate valuations tailored to mortgage lending, litigation, asset division, and financial planning needs. Our team of certified appraisers adheres to the Uniform Standards of Professional Appraisal Practice (USPAP) and maintains active involvement with the Appraisal Institute, ensuring the highest ethical and professional standards. We prioritize thorough analysis, regulatory compliance, and client-specific solutions, serving banks, investors, private individuals, and legal professionals.Our expertise in complex real estate challenges, including condemnation and tax abatement cases, is supported by decades of combined experience and a commitment to continuous education. By combining local market knowledge with national reach, we provide actionable insights that empower informed decision-making. Our reputation for precision and integrity has made us a preferred partner for institutions requiring reliable valuations to mitigate risk and optimize outcomes. Through personalized service and technical excellence, we remain dedicated to advancing our clients' objectives in a dynamic real estate landscape.
Services
Commercial real estate appraisals
Mortgage lending valuations
Litigation support services
Asset division appraisals
Foreclosure analysis
Financial planning consultation
Details
- Year established: 1991
Highlights and features
- We offer 30+ years of specialized expertise in commercial real estate appraisal.
- Our appraisers hold MAI designations from the Appraisal Institute.
- Licensed in 10+ states for nationwide service capabilities.
- Adherence to USPAP standards ensures regulatory compliance and accuracy.
- Proven track record supporting complex litigation and financial institution needs.
Associations and certifications
- Appraisal Institute
- Uniform Standards of Professional Appraisal Practice (USPAP)
Services
Commercial real estate appraisals
Our certified appraisers conduct detailed commercial real estate valuations adhering to USPAP standards. We analyze market data, property characteristics, and comparable sales to deliver accurate, defensible reports for mortgage lending, litigation, and investment decisions across multiple property types nationwide.
Litigation support services
We provide expert witness services and appraisal analysis for legal cases involving real estate tax abatement, condemnation, asset division, and hazardous waste issues. Our principals have testified in District Court, State Tax Court, and Federal Court, offering technically sound evidence to support equitable resolutions.
Asset division appraisals
Our impartial appraisals assist in dividing real estate assets during marital or partnership dissolutions. We deliver objective valuations that reduce emotional stress and legal costs by providing clear market data, comparable sales analysis, and property-specific insights to facilitate fair settlements.
Mortgage lending valuations
We perform appraisals meeting federal and state guidelines for mortgage lending institutions. Our reports include thorough property analysis, market trend assessments, and risk evaluations to support informed lending decisions while ensuring compliance with regulatory requirements for financial institutions.
Foreclosure analysis
Our foreclosure analysis services determine accurate property values for loan loss reserves and FIRREA compliance. We assess market conditions, property condition, and comparable sales to provide reliable valuations that help financial institutions manage distressed real estate assets effectively.
People
Timothy L. Vergin
Principal Appraiser
Timothy L. Vergin, MAI, CRE, has over 30 years of commercial real estate appraisal experience. He joined Diversified Real Estate in 1992 after seven years as a commercial appraiser. He holds a Bachelor of Science in Real Estate from St. Cloud State University and maintains active involvement with the Appraisal Institute.
Ryan L. Bauer
Principal Appraiser
Ryan L. Bauer, MAI, joined the firm in 2002 and became a partner in 2017. He holds a Bachelor of Science in Finance from the University of Nebraska and specializes in complex commercial property valuations for financial institutions and legal proceedings.
Ryan D. Bessler
Appraiser
Ryan D. Bessler, MAI, graduated from St. Cloud State University with a focus on commercial real estate appraisal. He specializes in market analysis, property valuation, and regulatory compliance reporting for diverse commercial properties across multiple states.
Joseph M. DeSplinter
Appraiser
Joseph M. DeSplinter, a University of St. Thomas graduate in Real Estate Studies, has served as an associate appraiser since 2016. He focuses on property analysis, data research, and appraisal report preparation for mortgage and litigation purposes.
Robert L. Hippe
Appraiser
Robert L. Hippe, a Montana State University graduate in Finance and Marketing, became an associate appraiser in 2021. He specializes in market trend analysis, property condition assessments, and supporting complex valuation assignments.
Questions
What services do you offer?
We specialize in commercial real estate appraisals, mortgage lending valuations, litigation support, asset division appraisals, and foreclosure analysis for clients nationwide.
How long have you been in business?
Diversified Real Estate Services, Inc. was founded in 1991 and has provided appraisal services for over 30 years.
Do you serve areas outside Minnesota?
Yes, we operate nationwide with permanent or temporary licenses in 10+ states including North Dakota, Wisconsin, Colorado, and Georgia.
What sets you apart from competitors?
Our team holds MAI designations from the Appraisal Institute and combines local market expertise with national regulatory compliance experience.
How do you ensure appraisal accuracy?
All appraisals follow USPAP standards and Appraisal Institute ethics, with ongoing staff education to maintain technical excellence and regulatory compliance.
