National appraisal management company Class Valuation has acquired Landmark Network as of Friday, the companies have announced. Landmark, based in Van Nuys, California, has long been a leader in the reverse mortgage space through its real estate appraisal offerings, and Class identified the opportunity in Landmark based on its presence in the growing baby boomer market.
“As we continue to execute our innovation strategy, we will take great interest in those firms that excel in service and reputation in markets we believe in,” said Scot Rose, chief innovation officer for Detroit-based Class Valuation, in a press release. “Landmark is a leader in a market that we expect to grow as Baby Boomers look for options to carry them through retirement. In addition, the company has a strong leadership team and the proven ability to support niche products. That’s the kind of specialization and expertise we’re seeking as we continue to expand our footprint.”