HomeServices of America, Inc. Purchases Koenig & Strey
HomeServices of America, Inc. a Berkshire Hathaway affiliate has purchased Koenig & Strey GMAC Real Estate from Brookfield Asset Management and will operate as a franchise under the Brookfield Residential Property Services. This will give HomeServices of America, the second largest independent Real Estate Brokerage firm, a huge presence in the Chicago market.
Harry Norman Realtors combines with Jenny Pruitt & Assoc.
Harry Norman Realtors in Atlanta, the oldest brokerage in the area, is combining with Jenny Pruitt & Assoc. and will become an affiliate of Christie’s Great Estates. HomeServices purchased Jenny Pruitt & Assoc. in 2001 and Harry Norman Realtors in 2006. The 2 companies combined have approximately 1300 Realtors in the Atlanta area.
Berkshire Hathaway is not afraid to invest in Real Estate Services
It appears that Bershire Hathaway feels this is a good time to invest in Real Estate services judging by the recent growth of HomeServices of America, Inc which provides brokerage, mortgage, title, relocation, and insurance services.
