Category Archives: HomeServices of America

ReeceNichols Has Biggest Year in 16 Years

(BRK.A), (BRK.B)

Berkshire Hathaway’s Kansas City real estate company, ReeceNichols, achieved its most successful year in 16 years in 2016 and helped 20,278 Kansas City families buy and sell their homes.

The company is a wholly-owned subsidiary of Berkshire’s HomeServices of America, Inc.

The company has over 2,300 real estate sales professionals operating out of 18 offices throughout Kansas City and its surrounding counties — maintaining its position as the largest real estate company both in the metropolitan area and throughout Missouri and Kansas.

The ReeceNichols family of services enjoyed similarly excellent results. HomeServices Lending helped over 1,200 families purchase homes, and three of their lending officers ranked in the top 10 nationally for all of HomeServices Lending. In addition, Reece & Nichols Insurance provided peace of mind and security for 400 households, and Kansas City Title navigated over 8,000 people through the home closing process. The ReeceNichols Alliance offices — which span north to St. Joseph, Missouri; east to Columbia, Missouri; south to Ottawa, Kansas; and west to Junction City, Kansas — closed 4,205 transactions with over $656 million in residential sales volume.

“These records and achievements are a direct result of our outstanding sales professionals, who are deeply committed to serving Kansas City,” President & CEO Linda Vaughan said. “We do our best to equip them with the best technology and tools to serve their clients, but all 2,300 of our team members are responsible for creating those rewarding experiences to home buyers and sellers. Our family of services strive to work seamlessly with our branch offices to help our clients enjoy the smoothest home buying and selling experiences.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Berkshire’s HomeServices of America Acquires Houlihan Lawrence

(BRK.A), (BRK.B)

In a major acquisition, HomeServices of America, Inc., a Berkshire Hathaway company, has added over a thousand sales associates in the New York Area. HomeServices has acquired Houlihan Lawrence, one of the leading real estate firms serving New York City’s northern suburbs.

Financial terms of the transaction were not disclosed.

Headquartered in the northern suburbs of New York City, Houlihan Lawrence serves the Westchester, Fairfield, Putnam, Dutchess, Orange and Ulster counties of New York and Connecticut with 1,300 sales associates operating in 30 sales offices. In 2016, Houlihan Lawrence closed $6.7 billion of sales volume.

Established in 1888, Houlihan Lawrence has been known to generations of buyers and sellers for its leadership in luxury representation and local expertise delivered by a team of knowledgeable agents coupled with the firm’s renowned advanced technologies and data driven insights. Nancy Seaman will step aside as chairman while her brothers Stephen Meyers, president and CEO, and Chris Meyers, managing principal, will continue to lead the firm’s strategic growth initiatives and manage day-to-day operations together with their sales management teams. Houlihan Lawrence, like other locally-branded brokerage companies under the HomeServices umbrella, will retain its name.

“We are joining an organization known for its strength and stability,” said Stephen Meyers. “Our partnership secures the future of the firm without changing the exceptional culture that is core to our storied brand. We are thrilled with this announcement and the many benefits it brings to our clients and agents.”

“When you combine the incredible strength of our people and the remarkable history of our success with the unsurpassed financial stability of HomeServices, there is no limit to what we can accomplish,” added Chris Meyers.

“Nancy, Stephen and Chris, together with their team of sales managers and agents, have built an extraordinary organization and exemplify a level of expertise and leadership that is second-to-none in the real estate business today,” said Ron Peltier, chairman and CEO, HomeServices. “Their culture of integrity and innovation closely aligns with our corporate vision and our emphasis on customer value and results.”

With this transaction, HomeServices has nearly 29,500 real estate professionals operating in nearly 570 offices across 28 states. In 2016, the company’s associates facilitated more than $93 billion in residential real estate sales.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

HomeServices of America Acquisition Brings Entry into Dallas–Ft. Worth Region

(BRK.A), (BRK.B)

Berkshire Hathaway’s HomeServices of America  has announced the acquisition of Allie Beth Allman & Associates, a recognized leader within the Dallas luxury real estate market.

Terms of the acquisition were not disclosed.

The acquisition represents HomeServices’ entry into Texas and the Dallas–Ft. Worth region.

Headquartered in Dallas, Allie Beth Allman & Associates serves the Dallas–Ft. Worth metropolitan area and surrounding communities with 335 sales associates.

Since 2007, Allie Beth Allman & Associates has consistently ranked in the top-five market share in Dallas County by sales volume and in 2014 closed nearly 2,100 units and $1.5 billion of volume.

Founded in 2003, Allie Beth Allman & Associates is recognized as the highest-grossing, single office residential real estate firm in Dallas, and the name is synonymous with exclusive estates, high-profile clientele, and superior customer service. Allie Beth Allman, founder and chief executive officer, is among the most influential leaders in North Dallas and is known for her industry expertise and leadership, as well as her extensive civic and philanthropic contributions. Allman, together with her executive and sales management team, will continue to lead the firm’s growth initiatives and manage day-to-day operations.

About HomeServices of America

HomeServices has nearly 26,500 real estate professionals operating in 480 offices across 27 states. In 2015, the company’s associates will facilitate over $77 billion in residential real estate sales and more than 220,000 transactions.

© 2015 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.