RISMEDIA, May 23, 2007-Prudential Real Estate Affiliates, Inc., a Prudential Financial company, announced first-quarter growth activity resulting in nine newly affiliated companies and numerous mergers or acquisitions with existing companies. This added 32 additional offices to the Prudential Real Estate Network.”We further strengthened our presence in several key markets, as well as established offices in new areas,” said Laurie Keenan, president, Prudential Real Estate Affiliates, Inc. “We take pride in selecting companies that build on the value proposition of Prudential Real Estate.”
Among the transactions, Chris Eigel and Michael Pierson, long-time veterans of the Chicago-area real estate market and former executives with Koenig & Strey GMAC Real Estate, acquired nine of 11 Prudential Preferred Properties’ Chicagoland offices. The primary objective of their newly formed company is to expand and keep Prudential Preferred and its brand strong in the Chicago area by targeting a complete Fine HomesSM International office structure to focus on the luxury market. The new company has nine offices and 301 sales professionals. Prudential Preferred Properties managing partners David Hanna and Bill White will retain ownership of the Hinsdale and Printers Row offices.
Other mergers and acquisitions include:
Wayside Properties REALTORS®, Inc. by Prudential Prime Properties in Marlborough, Mass. The mission of Prudential Prime Properties is to serve New England communities with a commitment to honesty, integrity and customer satisfaction.
West & Associates by Prudential Rocky Mountain, REALTORS® in Windsor, Colo., known for their family-like atmosphere and strong work ethic.
King Real Estate by Prudential Montana Real Estate in Hamilton, Mont. Their business philosophy is to approach real estate as a “product based” business with a trademarked “system of due diligence,” which sets the standards of practice far above that of other companies.
Prudential Unlimited Realty merged with Prudential Maxfield & Co. Real Estate Services and now operates as Prudential Unlimited Realty in Massachusetts, with offices in Belmont, Brookline, Jamaica Plain and the South End area of Boston.
In addition, several new high-quality, service-driven companies have affiliated with the Prudential Real Estate Network:
Prudential Chapman-Nesler Real Estate in Mayfield, Ky., headed by Richard Chapman.
Prudential Chalet Realty, formerly Century 21 Chalet Realty, in Livonia, Mich. This is a well-established, family-run operation that has been in business since 1979. Jason Borregard is the broker/owner.
Prudential Texas Properties, a new company in Royse City, Texas headed by Kristi Renteria.
Prudential Southern Family & Associates Realty, formerly Southern Family & Associates Realty, in Columbus, Miss. Barbara Pope, broker and co-owner, has been practicing real estate for 34 years and has deep roots in the community. She has won numerous sales awards and served on many local and state committees.
For more information, visit www.prudential.com.
