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COMPANY HISTORY

John McCracken & Associates, Inc. (JMA) was founded and open for business in 1975. At that time, JMA provided appraisals for financial institutions, along with right-of-way acquisition appraisals for state highway departments, power and pipeline companies, as well as city and county authorities. A residential appraisal section was added later as the company grew in size.

In the early 1980s, JMA’s reputation led to the firm’s introduction to institutional clients and investment-grade properties during the real estate syndication era. JMA’s client base grew, largely through referrals, as did the firm’s geographic boundaries. The Tax Reform Act of 1986 signaled a shift toward pension fund-owned real estate and related clients. JMA’s practice was then fully national in scope with a close affiliation with NCREIF (National Council of Real Estate Investment Fiduciaries) and its member institutions.

While eminent domain appraisal work had always played a role at JMA, it became more prominent in 1995 when the firm was contracted by a state highway department to appraise several large right-of-way projects with tight deadlines. Because of the dearth of firms of the size and experience of JMA to tackle large projects with time-sensitive deadlines, management made the decision to specialize full-time in eminent domain valuation. By the end of 1997, the transition from an institutional and general purpose firm to a specialized eminent domain appraisal company was completed.

From 1997 to date, JMA has provided eminent domain appraisals for various state highway departments, power companies, eminent domain attorneys, and other entities, including right-of-way consultants.