Home›Real Estate›Industry›Sotheby’s International Realty buys ONE and TTR affili…

Sotheby’s International Realty buys ONE and TTR affiliates to expand

The acquisitions add company-owned coverage in Florida’s east coast, Princeton and Lambertville, and the Washington, D.C. metropolitan area.

Reported · Written up by our desk · Industry

Sotheby’s International Realty, Inc. is acquiring two large affiliates, ONE Sotheby’s International Realty and TTR Sotheby’s International Realty, to bring additional company-owned brokerage coverage into its network, HousingWire reports.

The deal will add company-owned operations in Florida’s east coast, Princeton and Lambertville, New Jersey, and across the Washington, D.C. metropolitan area, while keeping the existing leadership teams at the acquired firms.

Those regions join Sotheby’s International Realty’s current company-owned coverage in markets including New York City, Los Angeles, Houston, Denver, and Park City, Utah, as the company said the move supports its strategy of focusing company-owned brokerages in core luxury hubs.

The company, founded in 1976 and operating through more than 1,100 offices in 86 countries and territories, framed the acquisitions as investments in centers of influence, positioning Florida, the Mid-Atlantic, and Washington, D.C. as key drivers of luxury housing demand and related capital flows, according to HousingWire.

More like this

Sources