Long Realty Company, a part of HomeServices of America, a Berkshire Hathaway affiliate, announced today the acquisition of Seattle-based Prudential Northwest Realty Associates.
Originally established in 1942, Prudential Northwest Realty joined the Prudential Real Estate affiliate network in 1990 and is their largest affiliate in the state of Washington, with more than 350 sales associates in six offices. In 2011, the company had more than $740 million in sales. Under the new structure, Prudential Northwest Realty Associates retains its name and remains a flagship franchisee of Prudential Real Estate's U.S. network.
Prudential Northwest Realty serves the greater Seattle metropolitan area, including King, Pierce, and Snohomish counties, with offices in Bellevue, Burien, Federal way, Kent, Lynnwood and Seattle, and has a long-standing reputation for providing clients with the highest level of customer service, expertise and resources. Mike Gain, president and CEO, is a lifelong resident of the area and is widely recognized for both his community involvement and his leadership. Gain will continue to manage the day-to-day operations, along with his sales management and leadership team.
Prudential Northwest Realty joins Portland, Ore.,-based Prudential Northwest Properties as the second organization in the Pacific Northwest to join the HomeServices family in 2012.
"Prudential Northwest Realty is a strong company with an excellent reputation in a growth market," said Ron Peltier, chairman and CEO of HomeServices. "This aligns with our visions of acquiring distinguished companies in leading markets that share our core values. Mike is an accomplished real estate professional, and I am looking forward to having Mike and his team join the HomeServices family."
About HomeServices of America
HomeServices of America, Inc., based in Minneapolis, Minn., is the second-largest homeownership service provider in the United States. Owned by MidAmerican Energy Holdings Company, an affiliate of Berkshire Hathaway Inc., HomeServices' operating companies offer integrated real estate services, including brokerage services, mortgage originations, title and closing services, property and casualty insurances, home warranties and other homeownership services. HomeServices Relocation, LLC is the full-service relocation to corporations around the world. HomeServices operates in 20 states under the following real estate brand names: Carol Jones REALTORS®; CBSHOME Real Estate; Champion Realty Inc.; Edina Realty; EWM REALTORS®; Harry Norman, REALTORS®; HOME Real Estate; Huff Realty; Iowa Realty; Koenig & Strey Real Living Real Estate; Long Companies; Prudential California Realty; Prudential Carolinas Realty; Prudential First Realty; Prudential Northwest Properties; Prudential Northwest Realty Associates; Prudential York Simpson Underwood; RealtySouth; Rector-Hayden REALTORS®; Reece & Nichols; Roberts Brothers Inc.; Semonin REALTORS® and Woods Bros. Realty. Information about HomeServices and the locations of its subsidiary companies is available at www.homeservices.com.
About Prudential Northwest Realty Associates
Prudential Northwest Realty Associates has more than 350 sales associates, in six offices, serving the Seattle metropolitan area, and King, Pierce, and Snohomish counties.