US real estate

Briggs Freeman Acquired by Canadian Private Equity Firm


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Briggs Freeman Sotheby’s International Realty, one of the largest and most successful residential real estate brokerage firms in North Texas, was acquired by Peerage Realty Partners, a Toronto-based private investor who has already purchased three other Sotheby’s subsidiaries .

Briggs Freeman Sotheby’s International Realty will continue to be led by CEO Robbie Briggs, Brokerage Chairman Russ Anderson and his management team. All will have a significant participation in the future growth and development of the company. There is no change in the brokerage’s employees or staff, according to a press release from the firm. The name of the brokerage will remain the same. No transaction price has been disclosed.

“Our values ​​and those of Peerage Realty Partners are perfectly aligned,” said CEO Briggs. “By focusing on providing a luxury service experience to all of our customers, we will be able to further strengthen our presence in existing markets and expand our business into new national and international markets.

“Our confidence is amplified by the fact that Sotheby’s International Realty and Peerage Realty Partners already have a successful relationship and a long-standing brand reputation in Canada and the United States,” he said.

A long-established force in the North Texas luxury market, Briggs Freeman Sotheby’s International Realty was founded in 1960 as a boutique boutique. For the past 30 years, it has been led by CEO Robbie Briggs, growing to six offices, 381 agents and an estimated $ 2.9 billion in real estate sales in 2021. It delivers a luxury service experience to clients in six offices: Dallas, Fort Worth, Lakewood, Southlake, The North (based in Plano) and Ranch and Land. Briggs Freeman has around 380 agents in total, of which around 80 are based in the Fort Worth office.

Briggs Freeman caused an earthquake in the Fort Worth residential real estate world in 2018, when several of Tarrant County’s leading residential real estate companies joined forces to join the brokerage and dramatically increase its presence in the west of Dallas.

Brants Realtors, Mira Vista Realtors and Bloom Real Estate Group all joined Briggs Freeman at the time. .

This new partnership with Peerage Realty enables Briggs Freeman Sotheby’s International Realty to expand its reach in and beyond its existing key markets and strengthens Peerage Realty Partners’ position as a leading player in the market Upscale residential real estate in North America, positioning it for future growth and future partnership investments.

This is the fourth subsidiary of Sotheby’s International Realty for Peerage Realty Partners, joining Sotheby’s International Realty Canada, Four Seasons Sotheby’s International Realty of Vermont and New Hampshire and Jameson Sotheby’s International Realty of Chicago.

“By partnering with Peerage Realty Partners, we have access to a powerful support network and the resources to fully maximize our potential. We deeply appreciate the opportunity that presents itself, ”said President Russ Anderson.

The partnership with Briggs Freeman Sotheby’s International Realty is fundamental to Peerage Realty Partners, serving as a cornerstone of its ongoing expansion strategy in North America into targeted real estate markets. It also strengthens its existing relationship with iconic brand Sotheby’s International Realty and reflects the goal of forging more such partnerships in the future.

Currently, Peerage Realty Partners is in partnership with Sotheby’s International Realty Canada, the largest luxury real estate broker in Canada with 29 offices and 620 agents in Ontario, Quebec, British Columbia and Alberta; Four Seasons Sotheby’s International Realty, with 15 offices and 200 luxury market agents in Vermont and New Hampshire; and Jameson Sotheby’s International Realty, a dominant player in the luxury residential and commercial real estate markets with six offices and 460 agents in the Chicago metro area.

Said Gavin Swartzman, CEO of Peerage Realty Partners: “We are very excited to add Briggs Freeman Sotheby’s International Realty – another superb subsidiary of Sotheby’s International Realty – to the Peerage Realty Partners family of companies. The caliber of the team, assembled and led by Robbie and Russ, is truly exceptional and reflects their over 60-year commitment to being the best in their business. And for Peerage Realty Partners, the quality and in-depth experience of our partners is the ultimate consideration.

Peerage Capital is a leading business services and private equity firm in North America.

Peerage Capital is focused on partnering with outstanding entrepreneurial management teams to form long-term investments in multiple strategic business service platforms, including real estate services, real estate development and management, land assembly, self -storage, asset management and wealth advisory services.

A growing network of partner companies employs more than 3,000 people in Canada and the United States with total assets under management and administration of approximately $ 7.87 billion.

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