Latest News
ERA Real Estate Expands Florida Presence with Acquisition
Friday 17 May 2019

17 May 2019 - A franchisee of US-based franchising company ERA Real Estate, ERA Real Solutions Realty in Cincinnati, Ohio, has acquired Fort Myers, Florida brokerage Right Choice Realty, the company said.

Through this acquisition, ERA Real Solutions will nearly double its independent sales agent count and expand into three offices in Fort Myers, one of the fastest growing cities in the country, according to the Census Bureau.

The expanded company will now operate with more than 415 agents, nine offices, and USD 650m in annual sales.

Founded by Jeremy Raby in 2007, ERA Real Solutions Realty has grown to be a leader in the central and southern Ohiometro areas offering customers property management and relocation in addition to standard real estate services.

The acquisition of Right Choice Realty, which will rebrand as Right Choice Realty ERA Powered, includes its in-house title company, which Right Choice plans to bring to its Ohio offices.

Fort Myers is a hotspot for Ohioans who are looking to purchase their second homes, a big factor in the company's decision to expand into the area.

The ERA Real Estate network includes 40,000 affiliated brokers and independent sales associates and approximately 2,300 offices throughout the United States and 31 other countries and territories. 

ERA Franchise Systems LLC which operates the ERA Real Estate system, is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services.
Details
Date Published: 17/05/2019
Target: Right Choice Realty
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: ERA Real Solutions Realty
Comment:
Terms of the deal were not disclosed

Options