NEW YORK, Feb. 3, 2021 /PRNewswire/ -- Sotheby's
International Realty today announced that it is expanding its
presence in Ohio with the opening
of Elite Sotheby's International Realty. The addition marks the
brand's continued growth in the state and its third affiliated
company in Ohio.
Elite Sotheby's International Realty is owned by Ken Schmidt and Mike
Schmidt and will be led by Managing Broker Joanne Zettl who together bring more than a
century of combined real estate experience to the company. Elite
Sotheby's International Realty is located in the city of
Pepper Pike and will serve the
residential and luxury real estate markets in the Greater Cleveland area.
"The North Coast of Lake Erie
has a long history of luxury neighborhoods and grand properties,"
said Philip White, president and CEO
of Sotheby's International Realty. "Luxury real estate represents
the top 10% of the market and the area is seeing increased
interest from local buyers migrating back to Ohio from other Midwest cities and east
metropolitan markets. Our affiliation with Elite Sotheby's
International Realty marks the brand's expanding presence in the
region and we are pleased to welcome them to our network."
"The Greater Cleveland area is
home to a number of attractions including the second largest
performing arts center in the country and the Lake Erie shoreline," said Mike Schmidt. "We are seeing increased interest
in our market from buyers looking to capitalize on space while
still having access to arts and culture. Our affiliation with
Sotheby's International Realty enables us to reach a broader
international audience and further enhances our existing marketing
efforts thanks to the brand's innovative virtual reality tools and
marketing platforms."
Elite Sotheby's International Realty has one office in the area
with plans for continued growth. The company is actively involved
in the local community, previously supporting the Cleveland Clinic
Children's hospital and various community efforts.
The Sotheby's International Realty® network currently
has more than 23,000 affiliated independent sales associates
located in approximately 1,000 offices in 72 countries and
territories worldwide. Elite Sotheby's International Realty
listings are marketed on the sothebysrealty.com global website. In
addition to the referral opportunities and widened exposure
generated from this source, the firm's brokers and clients will
benefit from an association with the Sotheby's auction house and
worldwide Sotheby's International Realty marketing programs. Each
office is independently owned and operated.
Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real
estate service for discerning clients of Sotheby's auction house.
Today, the company's global footprint spans approximately 1,000
offices located in 72 countries and territories worldwide,
including 45 company-owned brokerage offices in key metropolitan
and resort markets. In February 2004,
Realogy entered a long-term strategic alliance with Sotheby's, the
operator of the auction house. The agreement provided for the
licensing of the Sotheby's International Realty name and the
development of a franchise system. The franchise system is
comprised of an affiliate network, where each office is
independently owned and operated. Sotheby's International Realty
supports its affiliates and agents with a host of operational,
marketing, recruiting, educational and business development
resources. Affiliates and agents also benefit from an association
with the venerable Sotheby's auction house, established in 1744.
For more information, visit www.sothebysrealty.com.
The affiliate network is operated by Sotheby's International
Realty Affiliates LLC, and the company owned brokerages are
operated by Sotheby's International Realty, Inc. Both
entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a
global leader in real estate franchising and provider of real
estate brokerage, relocation and settlement services. Both
Sotheby's International Realty Affiliates LLC and Sotheby's
International Realty, Inc. fully support the principles of the Fair
Housing Act and the Equal Opportunity Act.
CONTACT
Melissa
Couch
PR Manager
Sotheby's International Realty
973-407-6142
melissa.couch@sothebysrealty.com
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SOURCE Sotheby's International Realty