MADISON, N.J., Jan. 17, 2018 /PRNewswire/ -- Sotheby's
International Realty Affiliates LLC today announced that its
independently owned and operated affiliate Encore Sotheby's
International Realty in Indiana
has acquired local firm Reecer Properties, Inc., which will now
operate as Encore Sotheby's International Realty.
The acquisition expands the firm's presence into Fort Wayne, North
Webster, and Roanoke,
Indiana. Mark Zukerman,
principal and owner of Encore Sotheby's International Realty, will
remain at the helm of operations. With this acquisition,
Encore Sotheby's International Realty now has five offices and 45
independent sales associates throughout central and northeast
Indiana.
"Fort Wayne is referred to as
the heart of the Midwest for its location and proximity to other
key cities," said Philip White,
president and chief executive officer, Sotheby's International
Realty Affiliates LLC. "We are proud to have Encore Sotheby's
International Realty carry the brand into new markets in
Indiana."
"Lynn Reecer has established an
unparalleled level of service in the greater Fort Wayne area," said Zukerman. "This
acquisition positions us to introduce the Sotheby's
International Realty brand to this market and provide our local
expertise with a global footprint."
The Sotheby's International Realty network currently has
more than 22,000 affiliated independent sales associates located in
over 970 offices in 72 countries and territories worldwide.
In 2017, the brand achieved a record global sales volume of
$108 billion USD. Encore
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.
About Sotheby's International Realty Affiliates
LLC
Founded in 1976 to provide independent brokerages with a
powerful marketing and referral program for luxury listings, the
Sotheby's International Realty network was designed to
connect the finest independent real estate companies to the most
prestigious clientèle in the world. Sotheby's International Realty
Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE:
RLGY), a global leader in real estate franchising and provider of
real estate brokerage, relocation and settlement
services. In February
2004, Realogy entered into 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 full
franchise system. Affiliations in the system are granted only to
brokerages and individuals meeting strict qualifications. Sotheby's
International Realty Affiliates LLC supports its affiliates with a
host of operational, marketing, recruiting, educational and
business development resources. Franchise affiliates also benefit
from an association with the venerable Sotheby's auction house,
established in 1744. For more information, visit
www.sothebysrealty.com. © 2019 Sotheby's International Realty
Affiliates LLC. All rights reserved. Sotheby's International
Realty® and the Sotheby's International Realty Logo are
service marks licensed to Sotheby's International Realty Affiliates
LLC and used with permission. Sotheby's International Realty
Affiliates LLC fully supports the principles of the Fair Housing
Act and the Equal Opportunity Act. Each office is independently
owned and operated.
CONTACT
Lindsey
Scharf
Director, PR & Communications
Sotheby's International Realty Affiliates LLC
(973) 407-5596
Lindsey.Scharf@sothebysrealty.com
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SOURCE Sotheby's International Realty Affiliates LLC